Role Of Mortgage Loans In Philadelphia
Mortgage Loans in Philadelphia, PA
The financial collapse that took place toward the end of the last decade took a devastating toll on the housing market across the country. The subprime lending practices of banks had created a huge inflated bubble that was constantly expanding with debt created by people who did not have the viable means to pay it off. Subsequently, the recovery that the country has experienced across the board, has produced more stringent lending practices that has resulted in some challenges for individuals and families with less than stellar credit.
Fortunately, the economic and job climate, on a national level, has created an environment in which many people have been able to improve their economic position, subsequently …show more content…
According to the U.S. Census, the median income in Philadelphia is $38,253, which is just under the national earning median of …show more content…
School Systems & Rankings
School performance has a significant bearing on home values and the demand for home space in a particular area. When it comes to school rankings, Philadelphia has a number of schools, including Julia R. Masterman Secondary School (Gold), Central High School (Silver), Creative and Performing Arts (Silver), Carver High School (Silver), and many more having a rank of Silver or higher. Even when it comes to higher learning institutions, Philadelphia has schools that make the grade, with Widener ranking ninth on the list of the top 10 schools in the area.
Crime Rates in Comparison
One thing that the city of Philadelphia has struggled to control over the last several decade is its crime rate, especially as it pertains to violent crimes. According to police officials in Philadelphia, there has been a crime spike across the nation. In fact, 37 of the 61 police departments that participated in a national survey on crime reported increases in violent crime in comparison to the same period, during the previous year. The truth is that while the economy is improving for some, there are still others who are being pressed financially and economically, and it has been proven that poverty
The financial collapse that took place toward the end of the last decade took a devastating toll on the housing market across the country. The subprime lending practices of banks had created a huge inflated bubble that was constantly expanding with debt created by people who did not have the viable means to pay it off. Subsequently, the recovery that the country has experienced across the board, has produced more stringent lending practices that has resulted in some challenges for individuals and families with less than stellar credit.
Fortunately, the economic and job climate, on a national level, has created an environment in which many people have been able to improve their economic position, subsequently …show more content…
According to the U.S. Census, the median income in Philadelphia is $38,253, which is just under the national earning median of …show more content…
School Systems & Rankings
School performance has a significant bearing on home values and the demand for home space in a particular area. When it comes to school rankings, Philadelphia has a number of schools, including Julia R. Masterman Secondary School (Gold), Central High School (Silver), Creative and Performing Arts (Silver), Carver High School (Silver), and many more having a rank of Silver or higher. Even when it comes to higher learning institutions, Philadelphia has schools that make the grade, with Widener ranking ninth on the list of the top 10 schools in the area.
Crime Rates in Comparison
One thing that the city of Philadelphia has struggled to control over the last several decade is its crime rate, especially as it pertains to violent crimes. According to police officials in Philadelphia, there has been a crime spike across the nation. In fact, 37 of the 61 police departments that participated in a national survey on crime reported increases in violent crime in comparison to the same period, during the previous year. The truth is that while the economy is improving for some, there are still others who are being pressed financially and economically, and it has been proven that poverty