Category Archives: Statistics

Greater Pittsburgh Area Real Estate Market Report – October

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Pittsburgh Real Estate Market ReportDouble-Digit Increase in October Home Sales

October Market Overview October 2011 versus October 2010
16.33% increase in Homes Under Agreement versus October 2010 (2,792 homes versus 2,400)
3.89% decrease in New Listings versus October 2010 (2,716 homes versus 2,826)

County Specific Increases October 2011 versus October 2010 homes under agreement
Allegheny County 22.59% increase (1,460 homes versus 1,191)
Beaver County 33.57% increase (187 homes versus 140)
Butler County 12.57% increase (206 homes versus 183)
Washington County 12.84% increase (246 homes versus 218)

“Home buyers are taking advantage of low interest rates. And, smart home sellers are getting results by working closely with their real estate agents on the best pricing strategies.” said Ron Croushore, President & CEO of Prudential Preferred Realty

Mortgage Rates Fall to Record Lows… AGAIN

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After two weeks of rises, mortgage rates nationwide fell to 4.25 percent this week, the lowest rate recorded since Zillow.com started tracking mortgage rates in April 2008. Read more: Mortgage rates fall back to record lows – Pittsburgh Business Times http://www.bizjournals.com/pittsburgh/stories/2010/09/20/daily14.html?ana=e_du_pub

Mortgage rates drop to another record low

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For the ninth straight week, mortgage rates have continued to fall.

Freddie Mac reports the average rate for a 30-year fixed-rate home mortgage dropped to 4.42 percent this week from 4.44 percent the previous week, with the average 15-year loan falling to 3.9 percent.

Read more: Mortgage rates drop to another record low – Charlotte Business Journal

Forbes.com: Pittsburgh Among Top Cities for Working Mothers

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For the second year running, ForbesWoman has gathered the data and crunched the numbers to determine the U.S. cities that offer the most to working moms.

To calculate our list we began with the 50 largest metropolitan statistical areas (MSAs) in the U.S. while working under the notion that “best” means different things to different women. Safety, of course, is important, and great schools and health care also all play a part–but when it comes to quality of life for high-achieving women, there are other components to consider. Read more:

http://www.forbes.com/2010/07/24/best-us-cities-working-mothers-employment-family-forbes-woman-leadership-parenting.html

Pittsburgh Among Most Affordable Cities To Buy A Home

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But they might want to think again. In cities like Pittsburgh, Pa., Indianapolis, Ind., and Chattanooga, Tenn., buying a home is not only a price bargain, it could be an excellent investment. They top our list of most affordable places to buy a house–areas where people make enough money to buy good houses, where taxes are low and where prices were expected to rise. http://www.forbes.com/2010/06/23/most-affordable-cities-homes-lifestyle-real-estate-housing.html

Home prices up in Pittsburgh!

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Metro Pittsburgh home prices went up in April, even as statewide prices went down, according to CoreLogic’s Home Price Index (HPI) report, released Monday.

The Pittsburgh area’s home prices rose 1.16 percent from April 2009 to April 2010, while prices in the Pennsylvania dropped 3.7 percent in the same period. Prices in the Philadelphia area fell 5.28 percent.

Read more: Home prices up in Pittsburgh, down statewide in Pa. – Pittsburgh Business Times

Pittsburgh Named Among Forbes.com Best Places To Raise A Family

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Some former manufacturing hubs, like Pittsburgh Pa., are having a renaissance of sorts. Once a fallen steel giant, the city has diversified its economy and boasts low crime and high educational attainment. Pittsburgh also has the highest home ownership rate in our 10. Read more: http://www.forbes.com/2010/06/04/best-places-family-lifestyle-real-estate-cities-kids.html?boxes=Homepagemostpopular

Pittsburgh hits #1 in the country for private sector hiring

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Pittsburgh hit a new high in April as the number one region in the country with the biggest growth in private sector jobs. According to the U.S. Bureau of Labor Statistics, the region added 17,800 total jobs, including 16,700 jobs in the private sector between March and April of 2010. The 1.6% increase was higher than 40 other regions in the U.S. and almost twice as high as the national figures, points out Harold Miller in PittsburghTODAY, which reports regularly on how the region compares to others across the country based on indicators like economy, health and demographics. 

Read More: http://www.popcitymedia.com/innovationnews/jobs0526.aspx