The national housing market is thriving, and in the last quarter of 2015 residential investments grew by an annual rate of more than 8%. People are spending money on homes and home improvements, and this type of activity generally reflects what the economy as a whole will do in the near future.
What This Means for Pittsburgh Real Estate
Pittsburgh’s real estate market is also doing well, and it seems that new communities are being built and home values are rising in more popular neighborhoods. Let’s take a look at what is going on in the Pittsburgh real estate market.
New Construction in the Area
New developments are popping up all over the city from Downtown Pittsburgh to its suburbs, and there are plenty of real estate options to choose from. The Residences at Three PNC Plaza, Paper Lofts in the East End, and 2500 Smallman in the Strip District are popular favorites.
Pittsburgh’s Up-and-Coming Communities
Pittsburgh is known for its trendy areas — namely Downtown, Lawrenceville, East Liberty, and Highland Park — but home buyers and residents moving to more affordable areas are starting to create other hot spots around the city. These up-and-coming places include Mt. Lebanon and Peters.
Invest in a Pittsburgh Home
The growing housing market is a great sign that now is the best time to invest in Pittsburgh real estate, and we want to help you find a home you will love to live in and enjoy a high return on investment when you sell.
Want to tour available homes or talk with a local agent about the real estate market? Just call us at 724.941.8680; we’d love to talk with you!