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Northampton County committee members raise concerns about housing affordability and signal intent to study options
Summary
Members of the Northampton County Economic Development Committee discussed rising home prices, eviction rankings and possible responses including rehab incentives, zoning changes and study of rent policies; no formal action was taken.
Councilman Jeff Warren told the Northampton County Economic Development Committee he wants the panel to “begin embarking on gauging the housing crisis” affecting the county and discussed trends in prices, rentals and housing supply.
Warren said the county’s median home value reached approximately $342,600 as of March and that value had risen about 4.5% over the previous year; he also said properties were selling quickly, with an average time to contract of about 12 days. He added that Northampton County’s renter eviction rate ranks eighth in the Commonwealth.
Committee members discussed several possible avenues…
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