Pittsburgh leads in housing appreciation and declines in bankruptcies

Dear Friend, 

In the first quarter of 2012, Greater Pittsburgh led all 15 benchmark regions in 1-year house price appreciation, and over a five-year period, Pittsburgh is the only benchmark region to see appreciation in home values.   For most families, their home is their greatest financial asset, so house price appreciation is an important component of financial well being. The one-year appreciation rate for the Pittsburgh region in the first quarter of 2012 was 0.9 percent -- more than double the appreciation of the next closest region compared on PittsburghTODAY.org    For the past five years, home prices in the region grew 5.3 percent -- compared with a 4.3 percent decline in home values for the next closest region.  

In addition, bankruptcy filings in the federal court district in which Pittsburgh resides declined by more than 19 percent in the second quarter of 2012 compared to the same quarter last year.

Thanks for your interest,

Douglas Heuck

Program Director

PittsburghTODAY