Local Leaders See City Of Reading Market Analysis

The greater Reading market value analysis that’s intended to guide the city’s housing and economic development efforts got some suburban buy-in Thursday at an Albright College forum.

More than three dozen community leaders, a third of them from municipalities surrounding Reading, got a first look at the study compiled by The Reinvestment Fund, Philadelphia.  Several said it could be a useful tool for the boroughs and townships as well.

“My biggest fear is, if this study sits on a shelf, the entire effort is wasted,” said Todd Auman, chairman of the Reading Redevelopment Authority, which commissioned the work.

Essentially, the analysis compared home sale prices, vacancy rates, percentage of rental versus owner-occupied homes, foreclosure rates and housing voucher statistics – down to the census block level in every municipality from Sinking Spring to Saint Lawrence – and assigned each census block one of eight different market types.

Read more: http://readingeagle.com/article.aspx?id=426263

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