In recent years, an acute housing crisis has engulfed both America’s coastal metros and Rust Belt regions. California’s Bay Area, for example, confronts a crisis of affordability and limited supply that hastens a population exodus. Midwest cities like Detroit face low real-estate prices and low demand, intensifying urban decline.
Pennsylvania is a microcosm of such alarming housing trends, especially east of the Susquehanna River, which is seeing an influx of metro New Yorkers relocating to the area.
From the Keystone State’s middle-class suburbs to its post-industrial locales, the housing crisis is a major challenge. In the midstate, most notably in Harrisburg and Lancaster, housing has become significantly more expensive. In the northeast’s anthracite coal region, anchored by Scranton, rents are spiking. And in suburban Philadelphia’s Lansdale, a townhouse went for nearly $500,000.Read More