Pennsylvania

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Pennsylvania

Biggest home price increase projected in 2014: Pittsburgh metro

Forecast 4-year price increase: 18.1 percent
Current median price: $120,000
Prices to reach trough in: 2009 Q1
Median family income: $60,000
Population: 2,354,960

First-quarter home prices in Pittsburgh are up 12.2 percent year-on-year, according to the National Association of Realtors, and homes in the area have retained a modest improvement in equity despite the national market decline. Foreclosures peaked in 2006, and the region is in the early stages of recovery, reports the Pittsburgh Tribune-Review. The area is the corporate headquarters for such major employers as PNC Financial Services, PPG Industries, U.S. Steel, H. J. Heinz, and Mylan Laboratories.

Index used to calculate historical home price changes: Case-Shiller