For sale signs are scarce as the housing market is limited.
“There are 6-8 buyers per house, you want an FHA mortgage, you are out, you want an inspection, you are out, you have to wait for a mortgage to be approved you are out,” said David E. Martin, MSFS who has a real estate license.
Add in the rising costs to the competitive market and most homebuyers just simply can’t afford it.
“About five years the median home price in PA was $250,000 that’s risen to $300,000 recently and we know that homeownership and generational wealth speak for themselves,” said Democrat Rep. Nate Davidson.
That’s why Davidson and his counterpart Republican Rep. Thomas Kutz have a new proposal for a homebuyer tax credit for home buyers who haven’t purchased in the last five years and new to Pennsylvania buyers.
“The idea is to take a haircut off the transfer tax for the state share not the local share and get that back in the pockets of homebuyers,” Davidson said.
While it may only be a couple hundred dollars or a few thousand dollars, Davidson believes every little bit helps as the state tries to make Pennsylvania attractive and boost the population.
“Pennsylvania has lost one Congressional district every decade back as far as I can count and it impacts our ability to have a voice in Washington,” Davidson said.
The logistics are still being worked out, but the hope is that the money will come back as a credit or rebate. If it passes, the goal is to test it out until 2030 and see if it works.
Download the FREE WPXI News app for breaking news alerts.
Follow Channel 11 News on Facebook and Twitter. | Watch WPXI NOW
©2025 Cox Media Group
