Philadelphia is not in a slump. If you look at all the data - it's mostly the south, southwest and west that is really getting hit hard. Those of you that panic in Philly are your own worst enemy. My husband is an economist and their company spends a lot of time analyzing and writing about housing markets. We're fine. I agree that perhaps some places are overvalued and need to come down a tad, but we're nowhere near the problems they're having in FL, AZ and CA. The articles you're reading are written about certain markets and not the entire US. I wish I could remember where I read the article a few weeks ago that actually had Philly listed as one of the places where prices were still increasing. If I can find it, I'll post it.