Depends where you are. Center City has fared much better than the burbs. But overall, Philly's been remarkably stable. If you check zillow, you'll see that the average house value in the US is down over 21% since 2006. But Philadelphia City is almost unchanged - and - most of Center City is actually up slightly!

So if you want to sell your home in Blue Bell and join the action downtown, hit me up at MoveSmarter@gmail.com Best wishes, Joe

There are still ARMs hanging out there needing to be reset. Combine that with the fact that people are still losing their jobs and the unemployment rate at 9.5% currently, I would think that it is only going to get worse before it gets any better. We haven't seen the bottom yet. I think there's still a few years of going down a bit further and staying stagnant before things start to pick up.

If the administration keeps passing these spending (Tax) bills, it will only add to the years before recovery.

Terrence Charest, e-Pro®
REALTOR®
Century 21 Associates
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As long as unemployment keeps rising, it is hard to tell.