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The Philly region is likely to be one of the hottest housing markets in the country this year. Here’s why.

Housing affordability compared to other nearby markets and the shortage of homes for sale compared to demand have made the Philly region one of the country’s most competitive markets.

Mark Washington and Sanziana Penafiel faced tough competition when they bought their first home in Florence Township late last year.
Mark Washington and Sanziana Penafiel faced tough competition when they bought their first home in Florence Township late last year.Read moreSteven M. Falk / Staff Photographer