Again we see Pittsburgh being hailed in the spotlight when it comes to the real estate market place. Pittsburgh is not without its share of issues but we are blessed to be able to say that we still have a strong economy and real estate market when compared to the rest of the country. Here is a clip from the actual article from the latest Pittsburgh Business Times.

Forbes Magazine named Pittsburgh the best place to buy a house on its new list of America’s Best Housing Markets.

Using the Housing Opportunity Index, a metric created by the National Association of Home Buildersand Wells Fargo, the magazine said Pittsburgh’s appreciating prices, affordability ratingand low number of foreclosures, which help keep prices stable, all factored into the city’s ranking.

Forbes said the decline of what it called Pittsburgh’s “manufacturing-dependent economy,” helped the region’s real-estate market avoid the sharp increase in prices that occurred in other parts of the country.

Other cities in the top 10 included Louisville, Ky. (2nd); Houston, Texas (3rd); Minneapolis-St. Paul (4th); Indianapolis (5th); and Columbus, Ohio (tied for 6th).