Study: Pittsburgh ranks as healthiest residential market in the United States
Tim Schooley Reporter- Pittsburgh Business Times
Pittsburgh beat out the California metros of San Jose, Santa Rosa, San Francisco and Los Angeles as the healthiest residential real estate market in the United States in a new ranking by Zillow compiled by the Motley Fool.
According to the ranking, fewer than 4 percent of Pittsburgh homeowners with a mortgage are in any state of delinquency, far and away the lowest on the list.
The ranking was based on a formula that includes home value increases or decreases, average number of days on the market along with various measures of the financial health of home owners.
Pittsburgh achieved a score of 9.72 on a 10-point scale.
(September 2014 Newsletter)