The development of new buildings has boosted land value but has also turned away potential tenants. Case in point: Manhattan’s average listing price as of September 25, 2013 is $2.66M while Brooklyn’s September 25 median is $816,000—a $68,000 increase from the September 4 average. Those in search of reasonable housing costs may have to look elsewhere—such as the Philadelphia real estate market, for instance.
http://joannedavidow.com/index.php/blog/22-competitive-philadelphia-real-estate-market-offers-quality-housing
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