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Philadelphia Foreclosure Listings

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Buy a Foreclosed Home in Philadelphia, Pennsylvania Before Prices Rise Further

Philadelphia, Pennsylvania is the 6th largest populated city in the United States. Home values within the surrounding area have depreciated by 3.9% in 2010. There are a total of about 569,000 existing homes within the city and almost 15,000 of them are on foreclosure listings. There are currently another 8,493 resale and new homes on the market. Market values have risen sharply from under $120,000 to $147,000 within the previous quarter of 2010. The unemployment rate is 7.2% but there are numerous large, and small, businesses that still have employment opportunities available. Most notably, Philadelphia is one of the largest college towns in the US. There are 80 universities, colleges, as well as trade and specialty schools in the Philadelphia region.