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Center City Housing Boom Continues

Center City District's annual housing report found that "1,983 new apartments, condos, and houses between Girard and Tasker Avenues, and the Schuylkill and Delaware River hit the market in 2014, thanks to an influx of empty nesters and young professionals, said CCD chief executive Paul Levy." He and his staff predict that demand for the torrent of new construction of homes and apartments would continue to be strong for at least several more years. But, there is a distant cloud on the horizon: a population exodus could be on the near horizon if little is done to fix the city's schools and tax structure. [Philly.com]