Center City condos, townhouses, penthouses and more will be open to tour on Saturday as part of a big open house event. And a new report finds mortgage applications were down in 2022.
If you’re in the mood to judge living room layouts, critique kitchens, and rhetorically comment on whether you’d spend $1 million “for this,” you’re invited to more than 70 open houses happening in one afternoon across Center City.
If you’re curious, nosy, just looking for something to do, or you really are in the market for a home, read about Saturday’s open house event andlearn why we’re asking to see your “fan cave,” and see if you can guess the location of an unusual round building known as a landmark.Lisa Sturtevant, chief economist at the multiple listing service Bright MLS, didn’t sugarcoat things when I asked her about the fall real estate market.
That helps explain why real estate agents might be playing nice and working together to promote one another’s properties. More than 70 homes will be open for tours Saturday in greater Center City as part of a mega open house event that’s meant to promote the area as a housing destination. Every year, Reinvestment Fund, a Philadelphia-based community investment nonprofit, puts together a report on the latest findings. The report published this month looked at 2022 data and highlights some of the challenges of the housing market.
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