Are there certain types of neighborhoods or areas here where home sales are stronger?
Due to the decreasing inventory and a buildup of demand, the market in western Pennsylvania should continue to get stronger. The First Time Homebuyer Credit has been very effective. Not only does it allow first-time home owners to achieve their goals, it also enables the sellers of those homes to move ahead with a new home purchase. Each sale is stimulating even more sales. Sales figures are increasing in almost all markets. Neighborhoods where housing is desirable for first-time buyers have had the most activity. With the cap on FHA loans increased to $327,500, a lot of neighborhoods have benefited. Buyers today love homes that are in “move-in” condition, so that’s as important as during the past six months. We are also seeing increased activity in homes over $500,000. This market was, perhaps, the most affected by the financial upheavals last fall. More homes over $1 million have sold in the past 60 days than in the previous 6 months. When you look at these barometers, plus low inter
