Special Section Real Estate
S
pring is in the air, which means buyers and sellers of all
kinds are getting ready to find the home of their dreams.
Buying or selling a home isn’t as simple as it seems on
television and can be quite an arduous process. With the
right tools and tips, however, you can take on the housing market
like a pro.
According to Zillow, more than half of the largest housing
markets across the country have regained the value lost from the
market collapse over a decade ago. Unfortunately, it also reports
that Pittsburgh is one market that has gained the least value since
2011, rising only 56 percent. But don’t let that discourage you. The
city has gained several accolades the past few years including “#6
Best City for First-Time Home Buyers” by Business Insider, “#7
Cities Where Millennials Are Moving” by Time and “#11 Most
Affordable City” by Forbes.
Along with several large companies already headquartered in
Pittsburgh, there is no sign of the corporate real estate market
slowing. The technology industry continues to build within the city,
and plans for specialty medical facilities and a growing number of
community hospitals are already in the works. With the promise
of new jobs in these industries, we’ve seen millennials sticking
around the city or moving back home after graduation in the hopes
of settling here. In the past five years, the number of millennial
residents has increased 18 percent, according to a CBRE report.
With the growing number of millennials moving into rentals, we
also see families in search of their first home or their forever home,
and baby boomers downsizing—making the Pittsburgh housing
market ready for buyers and sellers of all kinds! So, take advantage
of the warmer air approaching and get ready for those eager to
explore the market for their next home.
Prepar