5 of 10
BACKNEXT
Pittsburgh
Median home price: $133,000
Drop since market peak: 0.6%
Forecast gain by 9/2012: 4.6%

The Pittsburgh market has been relatively stable through the boom/bust cycle. In fact, there has been nearly no movement in home prices over the past few years.

Most mortgage lending in the former steel behemoth was conservative, with relatively few of the toxic subprime loans that yielded disaster in many areas. Not that the town was completely immune to foreclosures.

"Some neighborhoods had significant foreclosure contagion, where everyone on the block was in default," said Austin Jaffe, a director at the Institute for Real Estate Studies at Penn State.

Overall, however, the metro area ranks very low on RealtyTrac's latest list of metro area foreclosures, at just 165th of 206 markets.

Two other factors will help buoy the housing market over the next few years: The area unemployment rate has been low (7.5% in December); and housing is very affordable. Low home prices and moderately high median family income at $62,400 means the financial barriers to homeownership are very low.



NEXT: Seattle
Last updated February 07 2011: 5:51 PM ET
Source: Fiserv; based on cities with a population of 500,000 or more.
10 things that cost less As prices skyrocket, here are 10 things getting cheaper. More
Buy Ashton Kutcher's houseThis L.A. home was the star's bachelor pad. It's selling for $2.6 million. More
10 foreclosure hotspots Las Vegas is No.1, but these cities -- like Savannah -- is where the plague is spreading. More
  • Find Homes for sale
    Real estate and homes for sale on Trulia

  • Property Type
  • Find a home in:
  • New York | Atlanta | Chicago | Los Angeles
  • Washington D.C | Houston | Philadelphia | More options
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.20%4.30%
15 yr fixed3.28%3.30%
5/1 ARM3.53%3.34%
30 yr refi4.18%4.27%
15 yr refi3.26%3.27%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.