Housing Market http://wesa.fm en Legislation Addresses Affordable Housing Needs http://wesa.fm/post/legislation-addresses-affordable-housing-needs <p>As the housing market continues to rebound after the 2008 recession, some Pennsylvanian residents are still in need of affordable housing.</p><p>Currently in Pennsylvania there is a shortage of about 268,000 affordable housing units, according to Liz Hersh, Executive Director of the Housing Alliance of Pennsylvania.</p> Fri, 11 Jul 2014 13:49:04 +0000 Jess Lasky 32267 at http://wesa.fm Report: Pittsburgh's Housing Market Among the Nation's Most Stable http://wesa.fm/post/report-pittsburghs-housing-market-among-nations-most-stable <p>Pittsburgh has one of the most stable housing markets in the country, according to a new report.</p><p>The study, conducted by Zillow Real Estate on behalf of Bloomberg.com, listed Pittsburgh as having the second most stable housing market behind Buffalo. Louisville, Nashville and Raleigh rounded out the top five.</p><p>Analyzing housing prices from 1979 to the present, Zillow and Bloomberg used a five year rolling average to calculate changes in home prices to establish a risk of loss percentage.</p> Mon, 07 Jul 2014 07:30:00 +0000 Michael Lynch 31954 at http://wesa.fm Report: Pittsburgh's Housing Market Among the Nation's Most Stable Buyers Outnumber Amount of Homes for Sale in Pittsburgh Region http://wesa.fm/post/buyers-outnumber-amount-homes-sale-pittsburgh-region <p>The number of homes for sale in the 13-county southwestern Pennsylvania region is not keeping pace with the number of people looking to buy homes.</p><p>That’s according to a January 2014 report from real estate group West Penn Multi List Inc., which showed new listings in 12 of the 13 counties it covers decreased in the first month of the year.</p><p>President George Hacket said overall, the housing market in the region is strong.</p> Wed, 12 Feb 2014 22:41:34 +0000 Deanna Garcia 24197 at http://wesa.fm Pittsburgh Area Sees Strong Home Sales For 2nd Straight Year http://wesa.fm/post/pittsburgh-area-sees-strong-home-sales-2nd-straight-year <p>Home sales in the Pittsburgh region jumped 7.2 percent last year compared to 2012.&nbsp;</p><p>Barbara Kohl, chief operating officer of the West Penn Multi-List, said the numbers are “surprising” because the previous year also had “strong growth.”</p><p>“Everything clicked, consumer confidence came back, interest rates stayed low; the only problem is we don’t have enough inventory,” Kohl said.</p> Mon, 13 Jan 2014 08:30:00 +0000 Kevin Gavin 22662 at http://wesa.fm Housing Market Continues to Strengthen in Pittsburgh Area http://wesa.fm/post/housing-market-continues-strengthen-pittsburgh-area <p>The housing market in southwestern Pennsylvania continues to strengthen, according to numbers released by West Penn Multi-List.</p><p>In October, the number of residential homes placed under agreement increased 15.07 percent; new listings increased 8.69 percent, and average days on the market decreased 4.82 percent over the previous month.</p> Thu, 14 Nov 2013 21:13:18 +0000 Deanna Garcia 19831 at http://wesa.fm Housing Market Continues to Strengthen in Pittsburgh Area Pittsburgh Housing Market Continues Upward Trend http://wesa.fm/post/pittsburgh-housing-market-continues-upward-trend <p>More homes sold in the Pittsburgh area last month than a year ago, and they were scooped up more quickly — at higher prices.</p><p>That’s according to the West Penn Multi-List which reports that in the 13-county region, 3,817 residential homes were sold last month, up 14.7 percent from August 2012. Those homes were on the market for 72 days compared to 82 days a year ago, and the average sales price rose 2.6 percent to nearly $178,000.</p> Thu, 12 Sep 2013 17:21:48 +0000 Pat Higgins 16409 at http://wesa.fm Western Pennsylvania Housing Market Heats Up http://wesa.fm/post/western-pennsylvania-housing-market-heats <p>The hot July temperatures this year reflected the sizzling housing market in Western Pennsylvania — with increases across the board.</p><p>According to the West Penn Multi-List Inc. residential real estate report, the number of homes under agreement during July this year was 4,104 compared to 3,392 homes in July 2012, an increase of over 20 percent.</p><p><span style="line-height: 1.5;">George Hackett, President of the West Penn Multi-List Inc., said this is partly because of the improved economy.</span></p> Wed, 07 Aug 2013 15:51:18 +0000 Jessica Nath 14395 at http://wesa.fm It's Cheap to Buy a House in Pittsburgh, But Not a New One http://wesa.fm/post/its-cheap-buy-house-pittsburgh-not-new-one <p>It’s an often-repeated fact that Pittsburgh homes are cheaper to buy than those in the rest of the country, but a new study shows that does not hold true for new construction.</p><p>Every other year, the U.S Census Bureau and the U.S. Department of Housing and Urban Development (HUD) conduct a national survey measuring home prices, conditions, maintenance costs, and other relevant data. The survey also takes an in-depth look at 25 to 30 individual metro-areas on an ever-changing basis.&nbsp;</p> Mon, 22 Jul 2013 07:30:00 +0000 Mark Nootbaar 13198 at http://wesa.fm It's Cheap to Buy a House in Pittsburgh, But Not a New One Southwestern PA Housing Market Best It’s Been in 4 Years http://wesa.fm/post/southwestern-pa-housing-market-best-it-s-been-4-years <p>"For sale" signs are appearing and disappearing quickly from front lawns all over southwestern Pennsylvania.</p><p>That’s according to the March real estate report from West Penn Multi List Inc., which found it’s good to be a seller.</p><p>“It’s phenomenal,” said West Penn chief operating officer Barbara Kohl. “The situation right now is there just is not enough houses to sell. There are a tremendous amount of buyers out there, so what happened here locally is it went from a buyer’s market to a seller’s market very quickly.”</p> Mon, 22 Apr 2013 07:30:00 +0000 Jared Adkins 7626 at http://wesa.fm