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Pittsburgh Real Estate Company Reporting Sales Uptrend

While the real estate market is still downtrodden, there are pockets that are experiencing a trend in the right direction. Take a look at what West Penn Multi-List, Inc. had to say about the situation in Pittsburgh:

“We’re pleased to announce that residential homes placed under agreement in August 2011 were up 23.25 percent over August 2010,” said Ronald Croushore, current president of the West Penn Multi-List, Inc. and president/owner of Prudential Preferred Realty. “This increase was due in part to the attractive financing options and extremely low interest rates.”

And while I don’t think banks will ever relax back to the extremely attractive qualifying limits of several years ago, if they can reach a middle ground, and allow good risk home buyers to get financing again, I think the market has a pretty good chance of turning around.

What do you think? Please leave you comments below.

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