Pittsburgh residential real estate expected to remain stable

June 9, 2008

Pittsburgh continues to rank as one of the nation’s most stable residential real estate markets, according to a recent study.

There is a less than 1 percent chance that home prices in the Pittsburgh region will be lower in two years than they are today, according to the study released by Walnut Creek, Calif.-based PMI Mortgage Insurance Co.

“The reason that Pittsburgh has such a low risk is that prices there never exploded like they did in other parts of the country,” said David Berson, chief economist with PMI. “There were very stable home price gains.”

Only one other metropolitan area, READ MORE

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