Money Predicts PA Housing Recovery

In the April issue of Money Magazine, Amanda Gengler writes "When will home prices hit bottom already?"

Some of the data used is from West Chester-based Moody's Economy.com and their chief economist Mark Zandi is quoted.

In the areas mentioned as recovering first, by the end of 2009, the only Pennsylvania city listed is Pittsburgh. Allentown represents the commonwealth in the second group, predicted to recover in the first half of 2010. Philadephia (and neighboring city Camden, NJ) are in group 3, which is the second half of 2010 or later.

Mark your calendars and we'll see how accurate the predictions are.