Will the bursting of the housing bubble increase Pittsburgh home prices? The Morning Call Online has an article that suggests the answer is yes. It expects that homeowners in cyclical markets will cash out their gains and move to less costly “heartland markets.”
The RealEstateJournal.com reported that the per capita income of the city of Pittsburgh was up relative to the suburbs.
The president of Colliers Penn expects industrial real estate rates in Pittsburgh to remain steady despite an increase in the vacancy rate (reported in the Pittsburgh Tribune-Review).
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