Looking to buy a home? Here are the hottest housing neighborhoods in the Philadelphia area

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Home prices in the Philadelphia metro market are up about 5.6% year to year in June, making it the market with the third highest growth rate in the country.

Home prices are peaking, interest rates are up and construction is down, but this still might be the right time for you to buy a home.

"You can get more of a house and it's still close proximity to Philadelphia," said Maria Quattrone, CEO of Quattrone and Associates at RE/MAX@Home. Quattrone says prices will continue to rise. So her advice, especially for empty nesters and first-time buyers, is to evaluate your long-term goals, run the numbers and consider buying now.

Quattrone also says mortgage companies like hers are offering $5,000 toward closing costs, $500 for an appraisal and a $500 home warranty.

 

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