For decades Western Pennsylvania, and more specifically, Pittsburgh, Pa., was known as the “Steel Town” where steel was the lifeblood of the city. With the demise of the steel industry, the City was forced to re-invent itself and move from the industrial age into the information age. To say it was a success would be an understatement. With health and education now driving the economic engine, Pittsburgh's economy has not only thrived but also has escaped the economic downturn experienced by the rest of the country.
As for the real estate... let's just say that we have been under the radar for many years but that too has changed. While the majority of the country suffered a historic correction in values, with many formerly “HOT” areas losing 50% of their value, Pittsburgh moved along at a slow, steady and most importantly, SAFE, pace. When the bottom fell out, we were unscathed. Now, the rest of the world is taking notice. Some facts.
- Number 1 real estate market in the country for 2010...FORBES MAGAZINE
- Number 1 real estate market in the country for 2010...FORTUNE MAGAZINE
- Number 1 Commercial market in the country MOODYS
- Top 5 markets in the Country...YAHOO FINANCE
- One of the top 20 economies in the Country...BROOKINGS INSTITUTE
- Most livable City 2009... ECONOMIST MAGAZINE
- Over 100 Multi- Billion dollar companies located here
- Top ten most affordable markets in the country
Yes, the City has changed and the World Wide attention from the G-20 summit showed everyone that this is no longer a steel town but a thriving City with a wealth of opportunity not the least of which is our real estate market.
|
|
