Wednesday, September 26, 2007

If your house is listed at the high end of the pricing range and it hasn't sold, never fear--it could sell soon. According to an article in today's Post-Gazette, appreciation last month in the region topped fifteen percent. Sales, however were down. Is there a mass rush to buy property in Pittsburgh? There's some of that, but I suspect because of a tightening by lenders means the median price may be up because the middle and upper range houses are selling faster than those on the lower end of the price range. This reminds me of a cartoon I saw on a placemat in an East German restaurant in San Francisco. A girl sat slouched on a rock under sunshine and surrounded by flowers thinking about how to mentally make sunshine and flowers a bad thing. Yes folks, fifteen percent appreciation can't be all or even half bad.

On an urelated matter copper theives are still at it and now targeting Mount Lebanon and some other suburbs Watch the news story

Buy a Copper-Free Sticker for your window
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1 comment:

Richard Prescott said...

15% appreciation sure beats depreciation, as in other parts of the country. Could it be that people from other, overpriced regions are discovering Pittsburgh? I did, and I think it's inevitable that many more will. You can't keep it a secret forever - people are looking for value and Pittsburgh has it.

8:24 AM

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