Looking for a home? Make a sound investment and buy in Pittsburgh. The region ranks as the least risky housing market in the nation for prices to decline over the next two years, according to PMI Mortgage Insurance Company's 2007 U.S. Market Risk Index. Citing the Pittsburgh market as "most stable," the survey measured how much price appreciation varied over the last five years.
A sound investment just tops the list of reasons to purchase residential real estate here. Pittsburgh is among America's Ten Least Overpriced Real Estate Markets according to Forbes.com. Home prices are refreshing affordable. Recent surveys indicate an average home price in Pittsburgh ranging from about $110,000 to $162,000 for a 3 or 4 bedroom, 2-bath home—about 40% below the national average. And, for those looking for fixer-uppers, homes are available for under $100,000 within the city limits and in some outlying areas.
And, most importantly, the area offers a wide selection of choices so you can find your dream home. Grand old houses in the city and surrounding countryside. Contemporary lofts and stylish condos in Downtown. New homes and townhouses in the easy-to-get-to suburbs. Multi-million-dollar mansions in luxurious golf communities. Farmhouses nestled on acres of pristine countryside. The list of choices goes on and on.
Pittsburgh real estate professionals are ready to help you! To find an agent, go to VisitPittsburgh's Relocation Directory. Or search the directories of the Realtors Association of Metropolitan Pittsburgh and the Pennsylvania Association of Realtors. Also, check out the real estate ads in the Pittsburgh Post-Gazette and the Pittsburgh Tribune Review.
If you're interested in building a new home, go to VisitPittsburgh's Relocation Directory to find architects and builders in the area. For additional resources, visit the Pittsburgh Chapter of the American Institute of Architects and the Builders Association of Metropolitan Pittsburgh.
The PMI U.S. Market Risk Index estimates the probability that house prices in a selected MSA will be lower two years from the date of the estimate. To achieve this we have designed an econometric model that looks at a variety of economic variables and how they interact to predict the probability of future house price movement. Foremost among these factors are historical changes in house price volatility, housing affordability, and local employment trends. The net effect of these influences provides the basis of an MSA’s U.S. Market Risk Index score and rank.
Overview of current home prices in the Pittsburgh area and links to a number of governmental and nonprofit agency reports.
The purpose of the Realtors Association of Metropolitan Pittsburgh is to provide programs and services which enhance the ability and opportunity of its members to conduct business successfully and ethically, and to promote the preservation of the right to own, transfer, and use real property.
A member organization of the 1.3-million member National Association of Realtors, PAR is comprised of residential and commercial realtors who subscribe to a strict Code of Ethics and Standards of Practice. PAR seeks to promote homeownership, encourage investment in real estate, protect the right to own and use private property, enable members to transact business to the advantage and protection of the public and members, promote and maintain high standards of conduct, advance civil development and economic growth in the Commonwealth and among its citizens , work for economy and efficiency in government, lend assistance to the PA State Real Estate Commission and the State Board of Certified Real Estate Appraisers in the enforcement of their regulations.
Real estate classifieds on the Post Gazette's website.
Real estate classifieds on the Pittsburgh Tribune Review's website.
The mission, goal and primary purpose of the Builders Association of Metropolitan Pittsburgh (BAMP) is to promote home ownership and the improvement of the residential building industry in western Pennsylvania. BAMP is a non-profit trade organization comprised of home builders, light commercial builders and associate members, including suppliers, subcontractors, lenders, manufacturers, utilities, realtors and architects. Originally chartered in 1938, the Association has grown to more than 1,300 members in Allegheny, Beaver, Butler and Westmoreland counties.