Philadelphia Housing Market Outlook: Trends, Prices, and Opportunities for 2025
Philadelphia's housing market in 2024 is marked by steady demand, moderate price growth, and a tight inventory, with forecasted modest price increases and a continued competitive rental market through 2025, offering investment opportunities in revitalizing neighborhoods and affordable housing.
North Philly Residents Raise Concerns Over Parking and Size of Proposed 204-Unit Apartment Building
North Philadelphia residents are opposing a proposed 204-unit apartment building on West Clearfield Street, citing concerns over insufficient parking and the project's size relative to the surrounding neighborhood.
Philadelphia Releases Lead Pipe Inventory, But Hundreds of Thousands of Homes Remain in the Dark
The Philadelphia Water Department has released an inventory of lead pipes across the city, revealing that the material of service lines for hundreds of thousands of properties remains undetermined, posing a challenge as the city works to comply with new federal regulations requiring lead pipe replacement.
Philly Rental Market Shifts: One-Third of Listings Offer Concessions Amid Slower Fall Season
In October 2024, one-third of rental listings in the Philadelphia area offered concessions like free rent or parking deals, as an influx of new apartments and lower competition gave renters more negotiating power in a slower-than-usual market.
Did you miss it? Catch up on the key takeaways from Sheriff Rochelle Bilal's November 13th webinar with HAPCO!
Look out for an upcoming article in our newsletter and video content. In the meantime, check out the key takeaways from the webinar below!
- Eviction Integrity Unit: Sheriff Bilal announced the creation of a new unit focused on evictions and ejectments, with plans to hire 20 additional staff as soon as funding allows.
- Streamlined Processes & Technology: New technology and improved workflows are reducing paperwork, giving deputies more time to be out in the field and less time tied to administrative tasks.
- Impact of LTO Closure: Since the Landlord Tenant Office (LTO) closed in September, the Sheriff's Office has taken on eviction responsibilities, managing about 20 evictions per day, about two-thirds of the previous LTO workload.
- Training & Recruitment Challenges: The Sheriff discussed challenges with deputy recruitment, citing the 19-week training program and efforts to bring training closer to home to attract more candidates.
- Advocacy for Change: Sheriff Bilal urged Hapco members to lobby city and state lawmakers for changes to laws affecting landlords, and provided a direct contact for members to address specific concerns with her office: Inspector, David Fallen, at David.Fallen@phila.gov
New Changes Streamline Access to Utility Assistance in Pennsylvania
Pennsylvanians applying for LIHEAP can now streamline access to multiple utility assistance programs by opting to share their information with participating gas and electric utilities, reducing duplicate applications and helping low-income households connect with resources more easily.