Oh, the benefits of being boring! Actually that's not really true, Pittsburgh is a very exciting city but when it comes to housing we are stable, low risk, maybe even downright dull. And while Kennywood (our local amusement park for you out-of-towners) may be the roller-coaster capital, our housing market has weathered the housing storm with rolls more common on the kiddie rides. I guess that is why MSN real estate called Pittsburgh the #2 lowest-risk housing market in America.
According to MSN, while the coasts were booming, cities like Pittsburgh were seeing much more moderate appreciation in value which benefited us greatly when prices started to drop. And while prices could still go down, Pittsburgh only has about a 12% chance of seeing further depreciation in prices. Matter of fact, some hot areas of the city have continued to grow even while the rest of the country has suffered. And for buyers, now is a great time to jump in. Lower home prices, low interest rates and signs of a stronger economy are good reasons to consider a purchase here in Western PA.
Buying or Selling a home in the Pittsburgh area? Call Christa Ross from RE/MAX Select Realty, at 724-933-6300 x214 (office) or 724-779-1437 (direct) or visit my website at www.bestpittsburghhomes.com.
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