Saturday, September 20, 2014
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Philly-area home prices fell faster than US avg in 2011

Says the Fed

Philly-area home prices fell faster than US avg in 2011

Home prices in Pennsylvania and New Jersey fell more than 1% on average during the fourth quarter, a bigger drop than in the U.S. as a whole, the Federal Reserve Bank of Philadelphia reports here.

The Philadelphia-area drop was 2.5%. For all of 2011, home prices fell faster in Pennsylvania, New Jersey and Delaware than nationally, though Delaware prices, which have fallen more than in the other states in the late recession, started to rise in the last three months of the year.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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