Archive for June, 2008
Housing prices remain relatively stable in Pennsylvania
Thursday, June 26th, 2008Housing prices relatively stable in Pa.
| By Ron DaParmaTRIBUNE-REVIEW Sunday, June 22, 2008The Pittsburgh area isn’t the only region in Pennsylvania where housing prices have been relatively stable and doing better than many other areas of the country.In fact, the state as a whole has outpaced the nation in its ability to avoid a steep decline in home prices, according to an analysis carried in the latest edition of “The Pennsylvania Realtor” a newsletter published by the Pennsylvania Association of Realtors. “Pennsylvania housing markets appear to be holding their own in terms of price declines, even if they have slowed or have fallen in price a bit compared with many other parts of the country,” writes Austin J. Jaffe, consulting economist for the trade association and chairman of the Department of Insurance and Real Estate at Smeal College of Business at Penn State University. As reported by the Tribune-Review, through April, the median home price in a five-county local region had risen in all but two months since 2005, and maintained a 3.7 percent annualized appreciation since 2000, according to RealStats, a real estate information company on the South Side. |