2019 MARKET OVERVIEW

Pittsburgh, Pennsylvania

Metro population:

2.3 M

Median Home Income:

$ 59,000

Unemployment rate:

3.8%

Median House Price:

$ 73,000

Median monthly rent:

$ 858

With a population of over 2.4 million in seven counties, the Pittsburgh Metropolitan Statistical Area is the 22nd largest city in the nation. The “Burgh” is known as “The City of Bridges” for its 446 bridges, and “The Steel City” for its former steel manufacturing base.

For decades, Pittsburgh was a city on the brink of collapse but recently it has made a huge comeback into the national spotlight. Why? Many are calling it the "Pittsburgh Renaissance." Neighborhoods are being transformed almost overnight. Luxury boutique hotels are popping up all over the place, which is pretty cool according to Forbes. New office space is being built as well and filled by 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 the United States. Our city is consistently recognized with accolades from major travel and financial organizations as one of the most livable cities with one of the most viable economies. We have been honored as a first-rate city for livability, culture, and economy for several years. ”

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

Why invest here?

The Steel City has clearly undergone a major transformation, becoming a world-class city and yet, home prices are still lower than the national average. This combination makes for a great cash flow opportunity in addition to a strong chance for equity growth over the long term.

  • “# 3 Best Big City to Live” - WalletHub
  • “# 6 Best City for First Time Home Buyers” - Business Insider
  • “# 11 Most Affordable City” - Forbes
  • “# 13 Safest City to Raise a Family” - Good Call
  • “26 Rankings that Prove Pittsburgh is Better Than Any Other City” - Made in PGH
  • “# 48 Fastest Growing City” - Forbes
  • “Why Move to Pittsburgh” - Weleski Transfer
  • "# 7 Cities Where Millennials Are Moving" - T
  • “# 1 Best City for Jobs” - Glassdoor
  • “# 1 city for young people to live based on job opportunities, affordability and livability” - Apartment list
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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 major 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 Chief Executive - The Realestate Investor Forum

Lior Lustig has been an experienced real estate investor active in the field in Israel and the US since 2007. Lior has extensive experience in the acquisition and management of single and multifamily properties.
Lior currently runs The Real Estate Investor Forum, which owns a real estate brand and interest, the Facebook group and the “Real Estate Forum USA” site. 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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