Pittsburgh Homes Daily

Both Pittsburgh’s residential real estate market and commercial real estate market have received praise for their strength in recent days.
Moody’s ranked the Pittsburgh commercial real estate market the best in the nation in its latest survey of the market in 60 metropolitan regions. Back in 2005, it was ranked among the worst for [...]

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The obvious, and perhaps more relevant for most Pittsburgh Homes Daily readers, question that follows from yesterday’s discussion of commercial real estate in Pittsburgh is, “How is the residential real estate market in Pittsburgh fairing?” So I sifted through recent news reports for information about the Pittsburgh housing market and here’s what I found:
PRICE
Realstats [...]

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Dare I even suggest that the Pittsburgh real estate market is heating up in 2008?
And to do so at a time when foreclosures in the Pittsburgh area set a near record in the first quarter, with economists believing that the Pennsylvania housing market could still get worse, and with the amount of sales activity and [...]

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Money Magazine’s Real Estate Survival Guide has published Fiserv Lending Solutions’ 1 year price change predictions for the top 100 U.S. Cities. Real estate values are expected to decline, on average, 9.7 percent in the United States over the next year. Pittsburgh’s prediction? A relatively modest loss of 1.3%.
Prices are expected to [...]

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I’ve been hearing increasing speculation in the media that the nation’s housing market is at or near the bottom. Upon reading this interview, I (along with many other people) am wondering how long it will take for the real estate market to return to housing prices of Fall 2005 / Spring 2006 once it [...]

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So says the Pittsburgh Post-Gazette.
While the hot story on real estate right now is that the median price for new homes in the nation dropped the largest amount in 35 years, the average price of a home sold this year in Pittsburgh is up 3% from last year and the number of sales is virtually [...]

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The Los Angeles Times has the poll results from the Associated Press-AOL Real Estate poll on public attitudes about shopping for homes, which was conducted Sept. 26-28.
Highlights:

26% thought it somewhat likely or better that they would buy a home in the next 2 years.
45% thought the housing market was “priced about right” in their area.
Only [...]

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The Dow crossed 11,900 for the first time ever yesterday.  That milestone leaves me wondering what effect the stock market will have on the housing market.  Will the roaring stock market increase wealth around the country and put the housing market back on an upward track?  Or will it cause the Fed to increase interest [...]

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If you haven’t stumbled upon the cartoons about the housing bubble that are being hosted by MSNBC yet, you’re missing out!

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According to the Pittsburgh Post-Gazette, 246 condos are under construction or in final development in the downtown area, and another 1300 condominiums and apartments are being planned.  If they’re right that the downtown housing demand among young professionals exceeds the supply, then their article title is right on the money: Downtown housing boom no illusion.
The [...]

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