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Pittsburgh, PA

Pittsburgh Real Estate Market Update August 2011

Liz Caplan, PA REALTOR®  Pittsburgh, PA Real Estate Specialst: Real Estate Agent in Pittsburgh, PA
Trends Show Pittsburgh Condo Prices On The Rise <!-- AltosMultiChart Service Copyright 2011 Altos Research, LLC http://www.altosresearch.com/ --> real-time real estate market research

Pittsburgh Real Estate Market Is Attracting Younger Home Buyers

Liz Caplan, PA REALTOR®  Pittsburgh, PA Real Estate Specialst: Real Estate Agent in Pittsburgh, PA

An interesting article in the Pittsburgh Post-Gazette focuses on a growing demographic that is attracting an increasing number of 20-something home buyers. According to the recent article, Census numbers show that Pittsburgh’s median age dropped from 35.5 to 33.2 percent between 2000 and 2010.

Here’s what else recent Census data shows:

  • While Pittsburgh’s median age decreased between the 2000 and 2010 Census, other cities such as Cincinnati, Cleveland and Minneapolis, saw increases in their median age.
  • The number of Pittsburgh residents between the ages of 20 and 24 increased by 22.1 percent between the 2000 and 2010 Census.
  • The percentage of Pittsburgh residents who are 65 and older decreased by 23.4 percent between 2000 and 2010 – or from 55,034 to 42,151
  • Pittsburgh residents who are 65 and older now make up 13.8 percent of the population.
  • In Allegheny County, the number of residents who are 65 and older decreased from 17.8 to 16.8 percent .

According to one recent article, Pittsburgh PA is attracting a younger crowd because of the many amenities it has to offer, including:

  • A thriving job market
  • Quality Schools
  • Fair taxes
  • A community-oriented atmosphere

According to the recent article, Census numbers show that Pittsburgh’s median age dropped from 35.5 to 33.2 percent between 2000 and 2010.

Here’s what else recent Census data shows:

  • While Pittsburgh’s median age decreased between the 2000 and 2010 Census, other cities such as Cincinnati, Cleveland and Minneapolis, saw increases in their median age.
  • The number of Pittsburgh residents between the ages of 20 and 24 increased by 22.1 percent between the 2000 and 2010 Census.
  • The percentage of Pittsburgh residents who are 65 and older decreased by 23.4 percent between 2000 and 2010 – or from 55,034 to 42,151
  • Pittsburgh residents who are 65 and older now make up 13.8 percent of the population.
  • In Allegheny County, the number of residents who are 65 and older decreased from 17.8 to 16.8 percent .

According to one recent article, Pittsburgh PA is attracting a younger crowd because of the many amenities it has to offer, including:

  • A thriving job market
  • Quality Schools
  • Fair taxes
  • A community-oriented atmosphere

According to the recent article, Census numbers show that Pittsburgh’s median age dropped from 35.5 to 33.2 percent between 2000 and 2010.

Here’s what else recent Census data shows:

  • While Pittsburgh’s median age decreased between the 2000 and 2010 Census, other cities such as Cincinnati, Cleveland and Minneapolis, saw increases in their median age.
  • The number of Pittsburgh residents between the ages of 20 and 24 increased by 22.1 percent between the 2000 and 2010 Census.
  • The percentage of Pittsburgh residents who are 65 and older decreased by 23.4 percent between 2000 and 2010 – or from 55,034 to 42,151
  • Pittsburgh residents who are 65 and older now make up 13.8 percent of the population.
  • In Allegheny County, the number of residents who are 65 and older decreased from 17.8 to 16.8 percent .

According to one recent article, Pittsburgh PA is attracting a younger crowd because of the many amenities it has to offer, including:

  • A thriving job market
  • Quality Schools
  • Fair taxes
  • A community-oriented atmosphere

Pittsburgh, PA Real Estate Market Update

Liz Caplan, PA REALTOR®  Pittsburgh, PA Real Estate Specialst: Real Estate Agent in Pittsburgh, PA

According to a recent article in the Pittsburgh Tribune-Review, home sales decreased by nearly 19 percent in June when compared to June 2010.

One possible reason for the drop in home sales year-over-year is the absence of the first time home buyers credit.

The federal tax credit, which gave homebuyers an $8,000 rebate if they bought a home by the end of June, caused a lot of activity on real estate markets last year.

Here’s what else the newspaper recently reported:

  • Home values in the Pittsburgh region increased from $154,748 in 2009 to $170,351 in June
  • The median home price increased from $125,500 to $134,250 during that same time.
  • Butler County had the highest average home price with $231,831.
  • Washington County’s average home price is $186,231
  • Allegheny County’s average home price is $171,491
  • Westmoreland County’s average home price is $139,944
  • Beaver County’s average home price is $111,064.

Mortgage help for area Homeowners

07-12-11
Christa Ross
Christa Ross: Real Estate Agent in Pittsburgh, PA

money houseLast year, Pennsylvania was given $105 million in federal money to help homeowners that may be in jepordy of losing their homes, but to date only 1,400 people have applied and $27 million has been used.

With plenty of people in the state still facing forclosure the Pennsylvania Housing and Finance Agency has teamed up with the United Way to get the word out that this money is available to homeowners that are facing tough times.

The deadline is September 30th and the loans are available to people who are at least 3 months behind on their payments and had at least a 15% decline in their income due to job loss, hour reduction or illness.

If you find yourself in need of help, call the United Way just by dialing 211, or if you are outside of the area by calling 1-800-552-4171.

Buying or selling in Pittsburgh? Call Christa Ross from RE/MAX Select Realty, at 724-933-6300 x214 (office) or 724-779-1437 (direct) or visit my website at www.bestpittsburghhomes.com.

Bike Museum Opens On The Northside

06-30-11
Christa Ross
Christa Ross: Real Estate Agent in Pittsburgh, PA

Part bike shop and part museum, Bicycle Heaven, opens July 2nd off the North Shore bike trail in the RJ Casey Industrial Park. It features the worlds largest collection of Schwinn Stingrays and the oldest bike is a 1862 Bone Shaker, made entirely of wood. I can't wait to check it out. For more information click here.