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.