Erie-Meadville, PA

There is no doubt that the Erie-Meadville, PA combined statistical area (CSA) has seen some major changes in the housing market over the past few years. These changes have been driven by a number of factors, including the overall strength of the economy, low interest rates, and changing demographics.

As we enter 2019, it is clear that the Erie-Meadville CSA is in the midst of a housing market boom. Home prices are rising at a rapid pace, and there is strong demand for both new and existing homes. This is good news for sellers, as they are able to command top dollar for their properties. It is also good news for builders, as they are able to meet this high demand with new construction.

However, not everyone is benefiting from this boom. First-time homebuyers are being priced out of the market, as they cannot compete with all-cash offers from investors and other buyers with deep pockets. This is creating a situation where many people are being forced to rent rather than buy. Additionally, those who do own homes are seeing their property values increase at a rate that far outpaces wage growth, making it difficult to keep up with rising costs.

Despite these challenges, there is no doubt that the Erie-Meadville CSA is currently in the midst of a robust housing market boom. This boom shows no signs of slowing down in 2019, so if you are thinking about buying or selling a home in this area, now is an excellent time to do so!