Friday, July 29, 2005

FDIC report says Philadelphia is one of 55 housing 'boom' markets

A new report by the Federal Deposit Insurance Corporation says Philadelphia is considered one of 55 "boom" housing markets (see story). "Increased population, improved job growth, limited housing supply and innovative mortgage products have contributed to strong housing trends," says the report.


ACM said...

heh, "innovative mortgage products." like interest-only loans that let people buy beyond their means while speculating on the housing market. eep.

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