Zillow

Nearly 10 years after the housing bubble burst, the median home-sale price in the Philadelphia suburbs is down 11%, having dropped $27,000, from $242,950 in the first quarter of 2007 to $216,000 in 2017.

Real estate site Zillow is launching a $1 million competition among data scientists to improve its "Zestimate" home valuations, but said the crowdsourcing initiative is unrelated to recent lawsuits filed in Chicago against the company.

Home values increased by 7.3% in April, the strongest rate of year-over-year appreciation in more than 10 years, according to Zillow.

Cities in the South are more affordable for first-time homebuyers because of less competition and lower prices, according to Zillow.