Market Overview 2019

Pittsburgh, Pennsylvania

Metro population:

2.3 m

Median Home Income:

59,000 dollars

Unemployment rate:

3.8%

Median House Price:

73,000 dollars

Median monthly rent:

858 dollars

With a population of over 2.4 million in seven counties, the metropolitan statistical area of ​​Pittsburgh is the 22nd largest city in the state. "Burg" is known as "City of Bridges" due to its 446 bridges, and "City of Steel" at its former steel production base.

For decades, Pittsburgh has been a city on the verge of collapse, but recently it has made a huge comeback in the national spotlight. Why? Many call it the "Renaissance Pittsburgh." Neighborhoods are undergoing transformation almost overnight. Luxury boutique hotels are popping up everywhere, that is Pretty cool according to Forbes . New office space is also being built and filling massive tech companies like Apple and Uber, and so much more!

according to visitpittsburgh.com, “Pittsburgh is proud to rank among the top places to live, work and visit in the United States. Our city is consistently recognized with the improvements of the major travel and financial organizations as one of the most vibrant cities with one of the most existing economies. We have been respected as a first-rate city for animals, culture and economy for several years. “

Also, in February 2018, UPMC announced its plans to invest $ 200 million in an immunology center in Pittsburgh. County officials say it will make Pittsburgh a "magnet for the best and brightest scientists to come here." "This is a promising sign that the number of employment opportunities in Pittsburgh will continue to rise in the coming years. This will attract more people to move to the Pittsburgh area - more people will need a place to live.

Why invest here?

The steel city has clearly undergone a major upheaval and has become a world-class city and yet, apartment prices are still lower than the national average. This combination is a great opportunity for cash flow in addition to a strong chance for long-term stock growth.

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Known primarily for its annual balloon fiesta and as part of AMC's performance show "Breaking Bad," Albuquerque, New Mexico, is a metropolitan area rich in culture and naturally beautiful. Albuquerque is also one of the largest cities in the southwest of the city, with a diverse population and some of the leading high-tech research enterprises in the country, including National Sandia Laboratories, Intel and the University of New Mexico. At the same time, its cultural traditions continue to be an integral part of daily life in the city. With one foot in the past, one foot in the present and two eyes for the future, Albuquerque is a fascinating place to visit and an even better place to call home. (Source: (https://www.visitalbuquerque.org/about-abq/history/)

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Lior Lustig

Lior Lustig CEO - Overseas Investors Forum

Lior Lustig is an experienced real estate investor who has been active in the field in Israel and the United States since 2007. Lior has extensive experience in purchasing and managing single and multi-family properties.
Lior currently manages the Real Estate Investors Forum, which owns a brand and interest in the real estate field, the Facebook group and the "Real Estate Forum in the United States" website. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.

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