Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Region's Home Closings Rose 8

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Region's Home Closings Rose 8

Article excerpt

Regional sales data from May showed an 8 percent increase in the number of home closings in the Pittsburgh region compared to May 2015, according to West Penn Multi-List.

And a combination of factors could make the next couple of months strong ones, as well. Buyers who want to be in before the start of a new school year will either be closing on deals already under agreement or quickly going under agreement if they can arrange a short period to closing, said Ron Croushore, owner and CEO of Berkshire Hathaway Home Services The Preferred Realty.

"We're in a good position right now because interest rates are still very affordable and people are wanting to get settled and moved into a new house before the new school year starts," said Mr. Croushore, who also is president of West Penn Multi-List, which tracks housing data in 17 counties in Western Pennsylvania. …

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