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Dec 15, 2015

Housing Trends

Philadelphia Apartment Market Expands

“Much of this growth is driven by millennials, who have shown a strong preference for not just city living over suburban living, but renting over owning,” said Kevin Gillen, chief economist at consultancy Meyers Research LLC. “Philadelphia is now the No. 1 destination for expat 20-somethings from Brooklyn,” he said, referring to young residents leaving the New York City borough.

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