Pittsburgh Home Prices Appreciated in 2011

Any good news is welcome in this financial market.  It looks like our housing market in Pittsburgh is fairing much better than many markets around the nation.

Pittsburgh is among 25 metro markets where home values appreciated this year — by 1.2 percent in the first quarter and 2.8 percent in the second, Gudell said.

“You can get a decent house around here for $100,000 or $120,000,” Brown said. “Amortized over a 30-year period, you’re looking at a monthly payment that would be $700 or $800, which is as much as some would pay to rent.”

The National Association of Realtors on Wednesday said the median price for existing single-family homes is $171,900, down 2.8 percent from $176,800 the second quarter of 2010.

via ‘Rentership society’ to continue into 2012 – Pittsburgh Tribune-Review.

About these ads

About Steve Parker

Youth Football Coach Keller, Texas, Web Developer, Wordpress Consultant, and an Internet Marketing / SEO / PPC Consultant.
This entry was posted in Older Homes and tagged median price for existing single-family homes, National Association of Realtors, pittsburgh home values, , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out / Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out / Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out / Change )

Google+ photo

You are commenting using your Google+ account. ( Log Out / Change )


Connecting to %s