Employment Gains Spur Housing Growth in Pittsburgh, As the housing market continues to mend, analysts find the young-adult sector of the market is lagging. Some feel the lack of young first-time buyers is the main component holding the housing market back. However, this may not be the case everywhere.
A burgeoning young, knowledge-based workforce is contributing to housing and overall economic growth in Pittsburgh and Cleveland, according to the latest Home Value Forecast from Pro Teck Valuation Services.
Pittsburgh and Cleveland rank third and eighth on a list of metros with the highest percentage of employed individuals aged 25 to 24 with graduate or professional degrees, according to a recent report from Cleveland State University’s Center for Population Dynamics.