Pittsburgh is Hot for Millennials

According to Realtor.com, 2016 is anticipated to see Pittsburgh as the second most sought after real estate for millennials. This prediction was based on millennial population, employment growth and housing affordability.

Pittsburgh does not have one the nation’s largest population of those aged 25 to 34. In fact, only 12 percent of the region’s population represents that age group and that percentage is slightly less than the national average. However, job growth and lower housing costs make Pittsburgh exceptionally attractive.

According to Jonathan Smoke, Realtor.com’s chief economist, “The market ranked third out of the 100 largest markets for the 25-34 share of purchase mortgages in 2015, with 47 percent compared to the U.S. average of 36 percent.”

Only Atlanta slightly beat out the Steel City. What likely cities came in behind Pittsburgh? Read the Pittsburgh Business Times article now.

Pittsburgh One of the Best Cities for Homebuyers

According to Movoto Real Estate, Pittsburgh is the eighth best city in the United States for homebuyers with an “optimal buying climate.”

The Steel City was the only Northeast metropolis to rank in the top 10. Why the high ranking? Pittsburgh is sixth in the nation for favorable median income to home price rank.

In addition, the city ranks number 46 for number of homes per person, number 39 for crime ranking, and number 16 for quality schools.

What other cities ranked in the top 10? Read the Pittsburgh Business Times article now.

Columbia Pipeline Moving Forward

The Federal Energy Regulatory Commission has approved the proposed replacement of 34 miles of natural gas pipeline in southwestern Pennsylvania.

However, there are some stipulations. The project may continue as long as “mitigating measures” won’t “constitute a major federal action significantly affecting the quality of the human environment.”

Columbia Pipeline Group will replace 20-inch-diameter bare steel piping in Greene County, Washington County, and Allegheny County. The Tri-County Bare Steel Replacement Project is expected to cost $138 million.

Click here to read the entire Pittsburgh Business Times article.

Pittsburgh – The Newest Hot Spot?

As we’ve discussed in past posts, Pittsburgh has been the focus of many news reports as the new “it” place for destinations. These aren’t just small unknown publications that have let everyone in on the secret.

The New York Times featured “36 dynamic hours” in Pittsburgh in a recent travel section article.  As we previously reported, The Washington Post suggested Pittsburgh is a great place for a road trip destination. Then, The Washington Post featured Pittsburgh’s restaurant scene. And, Eater.com agreed that Pittsburgh could be the country’s “next destination food town.”

The Pittsburgh Post-Gazette took a look at all of the attention, why Pittsburgh is the hot place right now and how that could affect the future. Why Pittsburgh? Maybe you should find out for yourself.

Dear Foodies…..Pittsburgh is Where You Belong

NerdWallet.com has ranked Pittsburgh as one of the top 10 best cities in the country for foodies.

Pittsburgh, obtaining ninth place, ranked ahead of New York City and behind Anchorage, Alaska when evaluating cities with a population of at least 300,000.

Criteria included the number of restaurants per 100,000 residents, ratio of full-service restaurants to fast-food locations, and the number of breweries and farmers markets per 100,000 residents.

In addition to a growing number of innovative restaurants, Pittsburgh ranked second for one trait in particular.

Read the Pittsburgh Business Times article to learn more.

Pittsburgh Another Top 10 – Ranking High with Living Wage Jobs

According to CareerBuilder.com, Pittsburgh has done very well over the past few years with high paying jobs.

Between 2010 and 2014, Pittsburgh ranked as one of the top 10 cities with the highest growth in “living wage positions.”  Federal standards, developed in 2013, defines “living wage positions” as those that can support a family of three.

More than 57 percent of new jobs in the region were above the cost of living. Only 28 metro regions had more than half of their new jobs paying a living wage.

What were the other top cities? Click here to read the entire Pittsburgh Business Times article.

Riverfront Parks and Economic Development – Pittsburgh Style

Sasaki Associate, a Massachusetts-based architectural and planning firm, recently completed a study that found the $130 million invested in the 13-mile Three Rivers Park in Pittsburgh has helped to produce nearly $4.1 billion in development.

The study also found that property values in the area have increased 60 percent since 2001 – compared to 32 percent in the rest of the city.

According to the report, the millions “invested in Three Rivers Park over that time helped to spur nearly $2.6 billion in riverfront development activity and nearly $4.1 billion when adjacent development was taken into account.”

What could this mean for future development?

Click here to read the entire Pittsburgh Post-Gazette article.

Pittsburgh Places a Good Bet on March Madness

According to VisitPittsburgh, the city can expect to see $7 million in direct spending during March Madness.

The Consol Energy Center is hosting the second and third rounds of the NCAA Men’s Basketball Championship games this weekend.

Approximately 18,000 people are expected to attend for each game Thursday and Saturday.

Click here to read the entire Pittsburgh Business Times article.

Have you filled out your brackets yet?

Who Is Hiring? Pittsburgh Is.

According to ZipRecruiter, an online employment service for small and medium businesses, Pittsburgh was fourth in the country for highest growth for adding new employees in the month of February.

The other top cities for hiring were Los Angeles, Washington, D.C., Philadelphia and Tampa, Florida.

What were the top job titles for the Pittsburgh area? Click here to read the entire Pittsburgh Business Times article.

Looking to Work for a Startup? Look to Pittsburgh

According to the latest study from ZipRecruiter.com, a site that analyzes job and recruitment data, Pittsburgh is highly ranked as a great location for startup businesses.

Pittsburgh ranks at number 17 – ahead of other major metropolitan cities such as Dallas, Houston, Atlanta, Philadelphia, etc.

What are the top five cities listed? Click here to read the entire article.