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“I think if we can address that inventory challenge, as we get more houses available, certainly the supply and demand comes into play. If we can get that supply up to meet the demand, I think prices are going to stabilize,” Mark Kibbe, the Pennsylvania Association of Realtors® Legislative Committee chair, said.

A lot has happened to the real estate market since 1999. It creates a taxing inequality where municipalities and school districts within a county are not getting the type of taxes they should, said David Dean, president of the Pennsylvania Association of Realtors®.

“For anybody who’s owning their own home, I can see values rising,” Chris Raad, owner of Harvey Z. Raad Realtors in Allentown, tells Realtor.com. “We already have quite an inventory crunch right now in our area … so I could see this really affecting our housing in an upward fashion from there.”

With affordable cities, family-friendly suburbs, and ample outdoor recreation, Pennsylvania caters to a range of lifestyles.

Home flippers used to be able to make money in Philadelphia. Then the flipping environment changed.

Fed up with sky-high home prices and the surging cost of living, New York City dwellers are increasingly searching beyond the five boroughs for a new place to settle—although most are not venturing far.

Salvatore “Sal” Mazzocchi Jr., a Clarion real estate broker whose career spanned decades of community service and leadership, was posthumously awarded the Pennsylvania Association of Realtors’ Lifetime Achievement Award Wednesday, headlining the organization’s annual honors.

In our state, this summer saw “home prices rising 6.5% year over year, marking a period of steady appreciation,” according to a news release from the Pennsylvania Association of Realtors.

“That can be a substantial expense for buyers, significantly higher often than regular homeowners insurance,” Mark Kibbe said. “So, buyers need to know that before they commit to purchasing a property, because they may find that if they don’t know that in advance, they can’t afford the property once they own it.”

“The Pittsburgh market has continued to be a steady real estate market throughout history. Throughout the pandemic, Pittsburgh was incredibly resilient. We have a lot of reasons why this was the case,” David Dean, president-elect of Pennsylvania Association of Realtors® says.

The Pennsylvania Association of Realtors®’ recent housing market report shows a surge in home sales across the Commonwealth. The report indicates a 35% surge in April with over 9-thousand homes sold compared to just over 65-hundred in February.

Home sales across Pennsylvania jumped 21% in March compared to February, with 8,230 properties sold, according to the latest report from the Pennsylvania Association of Realtors®. The state’s real estate market also saw an uptick in median sales prices and inventory levels during this period.

Now that spring is in full swing, the housing market in Pennsylvania is rebounding. According to the latest report from the Pennsylvania Association of Realtors, home sales grew 21% in March over the previous month.

Signs of potential real estate fraud are shared with consumers and real estate agents.