Philly Rides Hot Residential Real Estate Market Into 2016

Law360, Philadelphia (January 7, 2016, 7:55 PM EST) -- Population growth and low cost of living have driven an unprecedented boom in Philadelphia's residential real estate market over the last two years, drawing national interest from investors and developers that experts say should continue unabated in 2016.

As new development dollars continue to pour into the City of Brotherly Love, real estate lawyers say that both an uptick in population and a low cost of living compared with neighboring New York City and Washington, D.C., will continue to ensure continued demand for multifamily housing in the coming year.

“Philadelphia wasn’t always mentioned as a place that was a hot market...

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