U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Pennsylvania > Pittsburgh
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Unread 07-19-2011, 12:53 PM
 
732 posts, read 1,338,956 times
Reputation: 266
Default Home sales in Pittsburgh region declined 18.8 percent in June

*gulp*

Home sales in Pittsburgh region declined 18.8 percent in June, report shows - Pittsburgh Tribune-Review
Reply With Quote Quick reply to this message

 
Unread 07-19-2011, 01:04 PM
 
94 posts, read 57,869 times
Reputation: 79
Money quote from the article:

The total dollar volume and number of homes sold were up double digits compared to 2009, when the first-time home buyer tax credit frenzy wasn't happening.

Government tax credits distorted the market which caused some people who would have waited to purchase new houses to purchase them earlier. It's the same thing that happened with cash for clunkers. There was a big increase in new car purchases followed by an equally large decrease right after the program ended. What is important is that home sales are still up over where they were two years ago. I wouldn't worry about this.
Reply With Quote Quick reply to this message
 
Unread 07-19-2011, 02:29 PM
 
472 posts, read 231,440 times
Reputation: 226
Any negative projections are because of the stricter regulations lenders must follow. Temporary and beneficial in the long run.

Pgh is GOOD.

http://realtybiznews.com/pittyburgh-4th-best-place-to-buy/987619/
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $74,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Pennsylvania > Pittsburgh
View detailed profiles of:

All times are GMT -6. The time now is 03:44 AM.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top