It is a repeat-sales index, computing "the percentage change between when a house recently sold and when it last sold, and then determines if the change represents overall market appreciation or depreciation," said Kevin Gillen, senior fellow at Drexel University's Lindy Institute for Urban Innovat
Date: Feb 24, 2015
Category: Business
Source: Google
Foreclosures down nationwide, still increasing in Phila. region
houses can depress prices in their neighborhoods. The reason for the current level of such housing here, though still not as extensive as in other areas of the country over the last eight years, is simple, said economist Kevin Gillen of the University of Pennsylvania's Fels Institute of Government.
Date: Jan 15, 2015
Category: Business
Source: Google
National 4Q housing prices dropped nearly 4 percent
The Philadelphia region is not included in the Case-Shiller indexes, but comparable indexes for the city and this region have been created by economist Kevin Gillen, vice president of Econsult Corp. of Philadelphia.
Date: Feb 29, 2012
Category: Business
Source: Google
More homeowners going 'upside down' on their mortgages | Philadelphia Inquirer ...
According to fourth-quarter data from Econsult Corp. vice president Kevin Gillen, prices in the region have fallen 16 percent since their peak in the third quarter of 2007. He includes Mercer and Salem in New Jersey and New Castle in Delaware with the Philadelphia area.