Friday, April 06, 2012

Truly Something

Didn't get to this with the population/migration data released yesterday, but clearly related to those trends.  New data from Trulia on regional real estate markets has some ever more remarkable numbers for Pittsburgh and a reported 9+% annual increase in the asking prices of real estate here.  Not the highest in the nation, but close. I'm not so clear on how much research has been done on real estate asking prices vs. actual sales prices, but they are claiming asking prices are a leading indicator of real estate markets.  Whether that bears out  or not it still is a curious time for local real estate.  In real (i.e. inflation adjusted) prices, there just has not been a period of such rapid real estate appreciation here in a very very long time.  Certainly elsewhere there have been periods when real estate jumped like this, but just not here in any relevant recent history.  If you really want to quibble, it all seems to be supported by what the local real estate folks are saying (via the West Penn Multi-list folks) about the current state of the Pittsburgh real estate market.

Speaking of real estate in general.. PG is catching up to the story that US Steel may move out of the US Steel Building..  Still some remarkable images from US Steel's history here that I posted last month. It's not like US Steel has not threatened to leave in the past. That ad I had there was a full page in both the PG and the Pittsburgh Press at the time.  Ironic as well that US Steel might be moving out of the city just as Gulf might be moving back in.

oh.. and the number of real estate assessment appeals are in, and the headline is the number is way way down from previous experiences.  Imagine how many fewer appeals there might have been if say the public discourse over it all had not been so bombastic.  Note also that the ratio of appeals heard to the number cancelled due to lack of someone showing up is nearly equal. Makes me infer that the number of truly serious appeals is a lot lower than the number of appeals filed. 

BTW.. some Pittsburgh love from KeystoneEdge on Adaptive reuse of real estate here. Still a big part of our story since Pittsburgh will long have one of the oldest real estate stocks in the nation. That won't change overnight, or for a long time really. 


Back to the Trulia data.....  You can see how  much we stand out in their national map. If you want to compare us to parts of Florida which appear to be appreciating like we are, you really have to consider than in their case it is barely beginning to recoup what they lost in recent years.  Florida real estate markets have plummeted from previous bubble levels, whereas our gains our on top of pretty stable prices over the same period.  Just means I don't think the trends in the two regions are all that comparable in their 'green-ness' in this map. 


But is a bit more remarkable when you look at the just the greater Cleveburgh area.  Sort of what we saw with the pattern of foreclosures.  It's like poles on a magnet (to connect it all to the migration data of yesterday):


3 Comments:

Blogger One J said...

insanity workout
kobe bryant shoes 2015
louis vuitton handbags
cheap ray bans
oakley sunglasses
kate spade outlet
louis vuitton outlet
michael kors outlet
celine outlet
concords 11
ray ban outlet
abercrombie
toms outlet
louis vuitton outlet
retro 11
burberry outlet
michael kors uk
ray ban sunglasses
michael kors outlet online
louis vuitton
burberry sale
retro jordans 13
oakley vault
louis vuitton outlet
burberry outlet
ray ban glasses
true religion
fendi bags
20150602yuanyuan

Tuesday, June 02, 2015 2:31:00 AM  
Blogger chenlina said...

chenlina20150603
michael kors outlet
louboutins
red timberland boots
louis vuitton handbags
louis vuitton
coach outlet store online
michael kors
michael kors handbags
michael kors handbags
hollister clothing store
louis vuitton outlet
tods outlet
gucci belt
hollister jeans
celine outlet
true religion outlet
louis vuitton
louis vuitton handbags
louis vuitton
louis vuitton handbags
louis vuitton
lululemon outlet
coach factory outlet
ghd flat iron
michael kors outlet
louis vuitton outlet
polo ralph lauren
cheap jerseys wholesale
christian louboutin shoes
coach outlet
christian louboutin sale
true religion sale
lululemon sale
nike air max
true religion sale
prada
ncaa jerseys
cheap jerseys
ray ban outlet
true religion

Wednesday, June 03, 2015 1:39:00 AM  
Blogger Meiqing Xu said...

15721meiqing
insanity workout dvd
coach factory outlet
chanel bags
cheap jordans
cheap air max
michael kors
true religion outlet
abercrombie
yoga pants
chanel handbags
cheap jordans
jordan 11 concord
michael kors outlet online sale
christian louboutin outlet
ray ban sunglasses outlet
chanel handbags
louis vuitton
polo ralph lauren
timberlands
michael kors outlet
louis vuitton outlet
ray ban sungalss
true religion outlet
christian louboutin
cheap oakley sunglasses
coach outlet store online
ray ban sunglasses
jrodan retro
retro jordans
cheap jerseys
oakley vault
abercrombie
insanity workout
oakley sunglasses wholesale
louis vuitton handbags
christian louboutin outlet
retro 11
coach outlet store online
abercrombie kids
hermes birkin

Monday, July 20, 2015 11:25:00 PM  

Post a Comment

Links to this post:

Create a Link

<< Home