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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Allegheny County (the county surrounding and including Pittsburgh for those not familiar with the area) has joined the growing list of communities that are struggling with a solution to the foreclosure problem. Pittsburgh adds a bit of a different perspective to the nation’s housing problems, as many areas of Pittsburgh did not undergo the [...]

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Apparently, community leaders around the Baum-Centre Corridor are attempting to get Giant Eagle to put a new shine on a GetGo gas station (discussed in the Tribune-Review). But Giant Eagle’s efforts to create an inviting and innovative gas station convenience store mix aren’t nearly as interesting (since we’ve heard them before) as this comment [...]

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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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After writing yesterday’s post about Pittsburgh’s economy, I did a quick search of the local newspapers to see how the commercial real estate market was doing in the Pittsburgh region.
Despite concerns around the nation that commercial real estate will follow the downtrend in the nation’s residential housing market, and the postponement of the downtown housing [...]

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Construction workers should be back to work on the North Shore of Pittsburgh casino by the time you are reading this post. Holdings Acquisition, headed by billionaire Chicago businessman Neil Bluhm, closed on the financing for the purchase of 75% of the Majestic Star Casino in Pittsburgh after construction stopped on the project in [...]

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The downtown Pittsburgh cultural district project that was once called one of the linchpins of the revitalization of the City of Pittsburgh and a project without equal in the United States was indefinitely suspended last month by the Pittsburgh Cultural Trust. The Pittsburgh Cultural Trust blamed the poor economy and credit markets as the [...]

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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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Reuters had an article on Monday about the increasing number of squatters living in vacant foreclosed homes. It is written from the perspective of the mortgage companies and their real estate agents detailing the squatting problem. But I’m not feeling too sorry for the new owners of the foreclosed homes. They aren’t [...]

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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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