December 2020 Housing Market Update: The Philadelphia Metro rebounded from COVID-19 lockdowns in 2020, as buyer demand and record-low interest rates pushed the region to a record-high yearly median sales price.The year marked the highest yearly median sales price for homes in the Philadelphia Metro ($271.5K, +10.8%).

Realtors in these places say they have been inundated with calls from young people and families who want to relocate from pricier parts of California and Washington state.San Francisco and New York City are among only a handful of cities where the typical rent price is still below pre-pandemic levels, according to Zillow, though there are signs of a rebound there, too.

Purchased prior to market crash but it's rebounded quite a bit since then.

The report comes amid a raft of mostly positive economic signals, with retail sales, real estate and manufacturing showing sharp rebounds off their coronavirus lows.

I thought about selling the house and trading up (I’m sitting on a very nice chunk of equity thanks to the housing market rebound) but figured I might as well rent it out until I figure out the situation with my mom and think about where I truly want to live.

The buyers did OK to as the market quickly rebounded after 2008.

https://www.wdrb.com/news/down...Good to see this article. Lots of money is being spent to make downtown fun and accessible. Including lots of projects moving out West....

They're going to rebound to even higher highs.

Answer questions for new members who join and ask the question you pose here, tag agents/lenders/property managers in the area when they can add value to a discussion, and otherwise just help folks a few times per week, and see that rebound to your benefit as your network grows! 

I am optimistic that we’ll more than rebound within the 3 years you can hold it with cap gains.