The housing bubble burst of 2008 seems like forever ago. The stock market has recovered, home prices continue to rise, and so too is the economy. Philadelphia is currently seeing a large amount of growth in commercial and residential construction. Take a quick drive around the city and you will see an abundance of new construction projects taking place, including the largest development in the city’s history, Comcast Tower.
The job market in Philadelphia has been continuing to improve. Between the years of 2008 and 2013, Center City and University City saw an 11 percent job growth, according to the U.S. Census Bureau’s most recent data. When it comes to jobs that pay middle to high wages, there has been a 28 percent increase.
If you are looking to relocate or settle down with a new higher paying job, then Philadelphia is the place to call home. According to the online career site, CareerBliss.com, Philadelphia ranks number seven in its most recent survey of The 10 Happiest Cities For Young Professionals. Home prices in Eastern Pennsylvania and New Jersey continue to remain affordable compared to other large metropolitan areas, making it highly sought after.
Philadelphia has long been known as a city rich in history, but it’s clear that the focus now is on making new history goals with a flourishing economy, a strong emphasis on jobs, education, and economic development.
Eastern Pennsylvania and New Jersey have been attracting Millennials for some time now, but recently demand has drastically increased for those established professionals looking to advance in their careers.
The Silva Group specializes in helping business professionals in the relocation process to Eastern Pennsylvania and New Jersey. Let us help you find your next luxury home in Eastern Pennsylvania or New Jersey.
View our current list of luxury homes in New Jersey and Eastern Pennsylvania here.