Thanks for your question and if you haven't purchased now is the time to buy in Pittsburgh. There are some great areas I would recommend, Downtown, Shadyside, Sq. Hill, Mt. Washington, South Side, Point Breeze and others. Please visit my website to learn more about Pittsburgh real estate, http://www.Pittsburghhomesite.com and let me know if I can assist with any other questions and your Pittsburgh real estste needs.
If you're an out of towner, I think investing in homes in Pittsburgh is a very safe bet.
The market in Pittsburgh has been stable for quite some time.
top 10 best housing markets according to Forbes Mag.
City Name; Median Home Sale Price; Percent Change
1. Salt Lake City; $246,700; 14.1 percent
2. Charlotte, N.C., $220,000, 11 percent
3. San Jose, Calif., $852,500, 9.4 percent
4. San Francisco, $825,400, 8.6 percent
5. Raleigh, N.C., $229,500, 7.5 percent
6. Austin, $188,200, 7.2 percent
7. Pittsburgh, $127,700, 6.1 percent
8. Seattle, $394,700, 6 percent
9. San Antonio, $154,700, 5.7 percent
10. Portland, Ore., $299,700, 5.2 percent
Here is a quote from the article...
"Pittsburgh's growth has been steady over the last year, and with low foreclosure projections based on the state of the local lending market, very affordable housing stock, and relatively low inventory, it can overcome the fact that its sale rate is 30th out of the 40 markets measured." Forbes Magazine, 10/01/2007
Pittsburgh's market has always remained pretty stable. As with any city, there are pockets that fluctuate in price depending on supply and demand and time of year.
Interest rates are fantastic, so if you need a loan to make a purchase, now is a great time!
As for the best area in Pittsburgh . . .it is all in the eye of the beholder. Pittsburgh is such a wonderful city with many diverse neighborhoods. It depends on what you are looking for as to whether the area is "the best" for your needs.