TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Survey: Local home prices hit records in summer

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By Julie Schmit USA Today
Tuesday, Oct. 9, 2012, 12:01 a.m.
 

As home prices begin to edge up after largely falling for years, prices in a smattering of cities are at all-time highs, new data show.

More than 100 metropolitan areas hit their peak home prices in July and a few in June, according to data through July from mortgage tracker Lender Processing Services. Those areas include Pittsburgh and Anchorage.

Fifty other areas are within 2 percent of their previous peaks, LPS' home price index shows. Examples: Austin; Denver and Boulder, Colo.; Indianapolis; and Portland, Maine.

Some of the markets have risen in tandem with growing local economies, especially those built on strong energy and agricultural business.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Calgon Carbon poised for explosive growth
  2. CMU spinoff’s CEO gets council honors
  3. Market sell-off offers opening
  4. Natrona Bottling Co. keeps soda pop operation focused on craft, taste
  5. Chevron puts $20M into educating, training Appalachian workers
  6. Amid struggles, top fiscal executive to leave EDMC
  7. Allegheny Technologies reports $700,000 loss in 3Q
  8. Stocks rally; S&P 500 has best day of 2014
  9. High pollution levels found near Ohio gas wells
  10. Open enrollment puts varied impact of health care law back in focus
  11. PPG Industries to buy Westmoreland Supply paint store chain
Subscribe today! Click here for our subscription offers.