Pittsburgh Home Buyers who have been waiting for interest rates to drop may finally be in luck. Over the past several weeks, average mortgage rates across the U.S. and right here in Pennsylvania have taken a noticeable dip, opening new opportunities for buyers.

Where Rates Stand Now

As of early September 2025, national averages look like this:

• 30-year fixed rate mortgage: average 6.35% – 6.50%, the lowest in nearly a year.
• 15-year fixed rate mortgage: average 5.5% – 5.6%

This downward trend started in late July. Rates reached their lowest point in about 10-11 months. In just a single week, at the start of September, average 30-year fixed rates fell by more than 0.15%. For buyers, that difference can be meaningful when calculating monthly payments.

Why This Matters for Pittsburgh Home Buyers

More Purchasing Power

Even a slight drop in rates can increase the amount of home you can afford without raising your monthly payment. For example, the difference between a 7% rate and a 6.5% rate could save you over $100/month on a typical mortgage.

Let’s look at a $300,000 mortgage in Pittsburgh over 30 years:

• At 7.0% interest, the monthly payment would be about $1,996
• At 6.5% interest, the monthly payment drops to about $1,896.

That’s a savings of nearly $100 per month — or more than $1,200 a year. Over the life of the loan, that adds up to tens of thousands of dollars saved.

Better Options

Pittsburgh’s housing market is known for offering more affordability compared to larger metro areas. Lower rates can give buyers flexibility to explore different neighborhoods or amenities that may have felt out of reach just a few months ago.

Things To Keep In Mind

Rates will fluctuate: While the trend is downward, mortgage rates remain sensitive to inflation reports, jobs data, and decisions by the Federal Reserve. A sharp economic shift could push them back up.

Your personal rate may vary: Credit score, loan type, down payment, and lender all impact the rate you’ll actually qualify for.

Affordability is more than rates: Don’t forget to factor property taxes, insurance, closing costs, and ongoing maintenance when budgeting for a new home.

What This Means for Pittsburgh Home Buyers

If you’ve been waiting for the right time to buy, this fall could be it. With 30-year fixed mortgages averaging in the mid-6% and 15-year options in the mid-5%, buyers are regaining breathing room. 

• Locking in sooner could help secure a lower rate before economic shifts push them higher again.
• Working with a trusted lender can reveal additional local programs or competitive offers that national averages don’t reflect.
• Strategic shopping this season may give you access to a home that felt out of reach a few months ago.

Mortgage rates are moving in a direction that favors buyers. While they haven’t returned to the record lows of a few years ago, this recent dip is enough to change the math for some Pittsburgh buyers.

If you’re ready to take the next step, now may be the perfect moment to explore your options. Whether you’re a first-time buyer or looking to move into your dream home, lower rates can help you get there sooner.

I’ve been helping Pittsburgh home buyers and sellers make their real estate dreams come true for over 22 years. If you are ready to leap into the Pittsburgh Real Estate market, please don’t hesitate to contact me here, by phone at 412-848-3907, or by email at Kim.Esposito1@pittsburghmoves.com. 

Pittsburgh homebuyers are scrolling online while they enjoy their morning coffee or in that quiet moment before bed. Dreams of a front porch, a cozy kitchen, a fenced backyard for your dog (or future dog). And they think, someday…

Someday can be this year!

2025 is a surprisingly smart time for Pittsburgh homebuyers to step into homeownership or move into the next right-sized home for them.

It is Normal to Feel Nervous

Buying your first home, upsizing, or downsizing your home, is a significant decision. It’s exciting, empowering, and, yes, a little intimidating. You may be worried about interest rates. Perhaps you are waiting for prices to come down, or you’re not sure you’re ready.

 There is no perfect time. However, there is the right time for you. And 2025 is giving Pittsburgh homebuyers something we haven’t seen in a while: more choices.

More Homes Are Coming on the Market

After a few years of low inventory, Pittsburgh’s housing market is starting to breathe again. That means:

• You may not have to make a split-second decision.
• There are more homes available to fit your budget and wish list.
• You have more time to breathe and explore your options.

Neighborhoods around Pittsburgh’s suburbs are seeing new listings each week.

Low Rates Disappeared, But Home Prices Continue to Increase

If you’ve been watching, you’re aware that interest rates are higher than they were a few years ago. Unfortunately, you can’t go back in time to buy at those lower rates.

While the national market may be cooling slightly, Pittsburgh remains steady. In many regions of our real estate market, prices are still rising gradually. Buying now means getting in before the next climb and starting to build your equity (instead of paying your landlord’s mortgage for another year).

You Don’t Need to Know Everything, Just the Right People

You don’t have to do this alone. I’m not just a real estate agent, I’m a guide, coach, and your calm voice when the process begins to feel overwhelming. I have helped many Pittsburgh homebuyers find their version of “home,” whether it is a starter home in Ross Township or a patio home in Robinson Township.

Working in the Pittsburgh real estate market for over 22 years, I know the process inside and out, and I can help you:

• Determine the home price you can comfortably afford.
• Navigate the home inspection process.
• Make smart, confident decisions (no pressure sales here).

I have the privilege of working with some of the best lenders, inspectors, and closing attorneys in the city. Any recommendation I provide is someone I know, like and trust.

Stop Dreaming – Let’s Get Started!

You don’t need to wait for the market to feel perfect. You just need to feel ready to start. 

And if you’re already thinking about it, you’re closer than you think.

Let’s turn your “maybe someday” into this year.

As a seasoned Pittsburgh Realtor®, I’ll be your partner in your home search. I handle the details, answer your questions, and keep everything on track. Here is what my past clients have said about how I helped them: Google Reviews – Kimberly Esposito

I can help you find the Pittsburgh home you’ve been dreaming of. To learn more, contact me here, by phone at 412-848-3907, or by email at Kim.Esposito1@pittsburghmoves.com. 

You have been watching the market and mortgage interest rates, scrolling through home listings, and waiting for the perfect moment to buy your new home when interest rates “finally” come down.

Sound familiar? If you can identify with this scenario, you are not alone.

A home purchase is one of the largest purchases you will make. Waiting for the perfect timing is only natural. However, the truth is that waiting for lower interest rates could cost you more in the long term.

Perfect Timing Is A Myth

Some buyers are waiting and hoping interest rates will drop significantly. This approach can backfire on you. Various unpredictable factors influence mortgage rates, including inflation, the broader economy, and global events. Even top economists can’t pinpoint when rates will change or by how much.

While you are waiting for that ideal number, home prices are still quietly creeping upward. The Pittsburgh real estate market has remained strong, with the median home price rising 4.8% area-wide over the past year. 

Let’s Do The Math

Here is a simple scenario:

Let’s look at a $250,000 home today with an interest rate of 6.75%. You decide to wait, hoping the rate will drop to 6.25% in a year.

In the meantime, homes in that area appreciate 6% over the next year. (Which may be conservative. Franklin Park, for example, has appreciated 14.7% in the past 12 months.) Now, that same house costs $265,000. Your monthly payment may still be higher, even with a slightly lower rate. You have also missed out on a year of building equity.

While you were holding out for a lower rate, the price of homes increased.

Buy The Home You Love Now

Here is the strategy savvy homebuyers are using now:

Buy the home you love now and refinance when rates go down.

Building equity begins when you buy a home. You also settle into your new space and take advantage of the current market opportunities. If rates drop later, refinancing can lower your monthly payment. By then, you have already locked in the home’s value before it appreciates further.

In today’s local Pittsburgh real estate market, we see more inventory and fewer bidding wars than in recent years. Although we are still in a seller’s market, we are heading toward a more neutral market as buyers begin to gain leverage.

How To Be A Savvy Buyer Now

If you are ready to move forward but still hesitant about timing, here is what I recommend:

• Get pre-approved to understand your buying power and lock in your rates.
• Know your monthly payment comfort zone. Sometimes, the number that matters most is your payment, not the interest rate.
• Explore creative financing options with the guidance of an ethical lender.
• Work with a local real estate expert (hey, that’s me!) to help you find the right home with the best value and growth potential.

Start Now To Enjoy Benefits Of Homeownership

There is no “perfect” time to buy a home. There is a smart time, and that’s when you are ready, informed, and supported by someone who has your back. 

Pittsburgh’s real estate market continues to show strength and resilience. There are real opportunities for buyers who are ready to take action now. 

I would love to discuss your goals, budget, and timeline. With 22 years of experience in the Pittsburgh real estate market, I can support you through the process so you can make your move with clarity and confidence.

To answer your real estate questions, contact me here, by phone at 412-848-3907, or by email at Kim.Esposito1@pittsburghmoves.com.

As we spring forward this weekend, it is a reminder that spring is almost here, and so is our busiest home selling season. If you have been considering selling your home in the Greater Pittsburgh area, now is the time to start preparing to ensure you maximize your return when it hits the market.

If you are ready to get a head start, here are some tips to help your home stand out:

1. Declutter And Depersonalize

Spring cleaning has a new meaning when you are ready to sell. Now is the time to declutter each room, donate or store away items you don’t use daily, and remove personal touches like family photos and memorabilia. A clean, neutral space helps potential buyers envision living in your home, making it easier for them to say “yes” to your property.

      2. Boost Your Curb Appeal

First impressions matter, especially in the busiest home selling season. More houses are on the market for buyers to choose from. Don’t let the exterior appearance of the home turn off buyers.

• Trim shrubs and bushes.
• Add fresh mulch.
• Power wash the driveway and sidewalks.
• Repaint or touch up the front door.
• Create a welcoming feel at the front door.

A well-maintained appearance indicates to potential buyers that the home is well-cared for.

     3. Let The Light In

Longer days mean more natural light. Take advantage of it! Clean your windows inside and out to let the sunshine pour in. Swap out heavy winter drapery for lighter curtains. Adding mirrors can reflect light and make rooms more open and airy.

     4. Tackle Small Repairs

Buyers pay close attention to the details. Fixing issues before putting your home on the market can prevent them from becoming deal-breakers later. Walk through your home and check for things like:

• Leaky faucets
• Squeaky doors or cabinets
• Chipped paint
• Loose doorknobs or handles
• Odors

Addressing these minor fixes is important during a hot home selling season to show buyers that your home is move-in ready.

     5. Refresh Interior Spaces

Give your home a seasonal refresh by:

• Repainting walls in a neutral color to create a fresh, inviting atmosphere.
• Adding bright seasonal decor like fresh flowers or spring-scented candles.
• Rearranging furniture for an open and spacious flow.

6. Plan Your Strategy

If you are considering selling this spring, let’s start the conversation now! Preparing early lets you list your home at the right time and get the best possible price. I’ll guide you through every step, from home preparation and staging to pricing and negotiating the best deal.

Spring is the season of new beginnings and could be the perfect time for you to start your next chapter. If you’re considering selling your home during Pittsburgh’s busiest home selling season, let’s connect and create a game plan tailored to your goals.

I have been privileged to work in the Pittsburgh real estate market for 22 years and have a vast knowledge of the area. To answer your real estate questions, contact me here, by phone at 412-848-3907, or by email at Kim.Esposito1@pittsburghmoves.com.

Are you looking for some fun things to do around Pittsburgh this summer? Whether you are a long-time resident, newcomer, or visitor, there is something for everyone to enjoy. You can enjoy food festivals, free concerts, historic car races, and more throughout the area.

Pittsburgh has a rich history dating back to 1758 when it was a strategic military site known as Fort Pitt. In the 19th century, Pittsburgh experienced an industrial boom as the steel industry grew. After the decline of the steel industry, Pittsburgh transformed itself with a focus on technology, healthcare, education, and finance. Today, it is known for its renowned cultural institutions, vibrant neighborhoods, and resilient spirit.

Explore the Steel City this summer and enjoy some of the events that make it a fantastic place to live.

Allegheny County Summer Concert Series (May 31 – September 1)

Enjoy free concerts all summer long at South Park and Hartwood Acres Park. The Allegheny County Summer Concert Series features various musical genres, from classical to rock, jazz to folk. Gather your friends and pack a picnic or eat at available food trucks. Performances begin at 7:30 PM, and food truck service starts at 6 PM. Click here for the schedule.

Summer Fridays at the Frick (June 14, July 12, August 2, and August 23.)

Spend your Friday evenings at the Frick Pittsburgh Museums & Gardens.  Summer Fridays at the Frick offer live music, food trucks, and art activities on the North Lawn. Performances begin at 6:30 PM, with a suggested donation of $5 per adult. It’s a beautiful way to wind down the week, enjoy some local talent, and explore the Frick’s beautiful grounds and exhibits​ (The Frick Pittsburgh)​.

City of Pittsburgh Independence Day Celebration (July 4)

Celebrate Independence Day with a bang at Point State Park. The City of Pittsburgh’s Fourth of July Celebration includes a family-style picnic, patriotic music, and food vendors, culminating in a spectacular fireworks display at 9:35 PM. It’s a quintessential summer event that brings the community together to honor our nation’s birthday in a fun and festive environment​. The schedule of events is on this website.

Picklesburgh (July 18 – 21)

If you’re a fan of pickles, this festival is a must-see! Named the #1 Specialty Food Festival in the U.S. three times, Picklesburgh features a giant Heinz pickle balloon, pickle-themed foods, and live music. Held on the Boulevard of the Allies, this event is free to attend and offers a unique culinary experience with various pickle-inspired dishes and cocktails. It’s a delightful blend of food, fun, and entertainment that you won’t want to miss​. Find out more at their website.

Pittsburgh Vintage Grand Prix (July 21 – August 4)

Car enthusiasts, this one’s for you! The Pittsburgh Vintage Grand Prix is the nation’s largest vintage street race, featuring historic sports cars racing through the challenging courses of Schenley Park. The event also includes car shows, parades, and fundraisers, with proceeds supporting individuals with autism and intellectual and developmental disabilities. It’s a thrilling spectacle of speed and style that attracts visitors nationwide​. Find the calendar of events here.

Bloomfield Little Italy Days (August 15 – 18)

Experience a slice of Italy right here in Pittsburgh! Bloomfield Little Italy Days is a four-day street festival celebrating Italian culture with delicious food, art, and live entertainment. The streets of Bloomfield come alive with vendors offering authentic Italian cuisine, artisan crafts, and performances on three stages. It’s the perfect way to immerse yourself in the rich heritage and lively atmosphere of one of Pittsburgh’s most vibrant neighborhoods​. Learn more here.

These are just a few events you’ll want to visit this summer. You can find more at VisitPittsburgh.com. Make sure to mark your calendars and enjoy all our beautiful city offers this season. Happy summer, Pittsburgh!

If your summer plans include buying or selling a home, I can help! I have worked in the Pittsburgh real estate market for over 21 years and have a vast knowledge of the area. Contact me here, by phone at 412-848-3907, or by email at Kim.Esposito1@pittsburghmoves.com to schedule a free consultation to discuss your real estate needs. 

Even seasoned sellers can experience emotional upheaval when selling and moving after many years in one home. Leaving is always challenging. 

Such a transition can open exciting new opportunities – whether downsizing to a lower-maintenance lifestyle, relocating closer to loved ones, or finally moving to your forever dream home. Whatever your motivations, having an experienced real estate agent as a trusted guide is invaluable when navigating this significant life change. Here are some key considerations for seasoned Pittsburgh sellers evaluating a move.

Making an Informed Decision 

While the sentimental pull of remaining in a beloved home is strong, evaluating your current property’s condition rationally and whether it still aligns with your needs and finances is essential. Needed repairs, an inefficient layout for aging in place, too large, too small, high taxes and utilities – all are pragmatic factors to weigh against the nostalgic desire to stay put. The most necessary step is obtaining an updated market evaluation and estimating your potential profit from selling from a reliable real estate agent. Crunch the numbers on the ongoing costs of residing in your current home versus the one-time expense of moving to a more suitable property.

Managing the Sentimental Side

For seasoned sellers, leaving the family home where you may have raised your children, celebrated holidays, and made decades of memories can be hard. It’s healthy to work through those emotions—reminisce by taking photos or videos, allocate sentimental belongings to loved ones who will cherish them, and find meaningful ways to preserve favorite memories. Viewing the transition as an opportunity for a fresh start and decluttering can invigorate your next phase of life.

Tax/Investment Implications

Pittsburgh sellers need to understand their home sale’s tax and investment implications. Capital gains taxes may apply if selling for a sizable profit (although exemptions for reinvesting in a new primary residence can minimize impact). For investment property sales, IRS 1031 exchange rules could defer taxes. Depending on a long-distance relocation, existing retirement/pension income sources and tax burdens may shift. 

Making the Right Move

Ensuring your next home meets your newly revamped lifestyle goals and priorities is equally important. Evaluate ideal locations – are you looking for somewhere with milder weather, more cultural/recreational activities, or closer proximity to loved family members like aging parents or grandchildren? Determine your actual “right sized” home needs – single-level living, lower maintenance requirements, and amenities conducive to your interests. An agent’s knowledge of specific neighborhoods, community profiles, school zones, and more is invaluable. Their expertise can ensure your following home checks all the boxes.

For seasoned sellers, the complexities and emotions of leaving a longtime residence can be daunting and inspiring. You must balance the pragmatic financial realities like tax burdens, investment of profits, and budgeting for the future against influential sentimental factors and pinpointing an ideal next home. 

Being a Seniors Real Estate Specialist (SRES), Seller Representative Specialist (SRS), Pricing Strategy Advisor (PSA) and Accredited Buyer Representative (ABR), I can skillfully guide you through every step of the buying and selling phases. As a full-time Pittsburgh Realtor® for over 20 years, I have earned the confidence of my clients, who were seasoned sellers, during major transitional moves. 

If you’re interested in buying or selling a home, contact me here, by phone at 412-848-3907, or by email at Kim.Esposito1@pittsburghmoves.com to schedule a free consultation to discuss your real estate needs. 

As winter slowly bids us farewell, we look forward to the warmer weather and all the opportunities it brings for buyers and sellers in our Pittsburgh spring real estate market.

As the snow melts away, it’s not just the flowers that begin to bloom – the real estate market starts buzzing with activity, too. If you’re considering selling your home, now is the perfect time to prepare and make the most of this bustling season. And for buyers, the spring market offers fresh listings and possibilities to find your dream home.

Recently, WTAE News aired a story about the expectations of the 2024 Pittsburgh real estate market. David Onufer, 2024 President of the Realtors® Association of Metropolitan Pittsburgh, forecasts our area’s strong real estate market.

The expectations for our Spring real estate market are:

1. Strong Demand – lower interest rates are expected, making home buying more desirable.
2. Low Inventory – As we have seen over the past several years, the inventory of available homes for sale remains low. Low inventory often leads to increased competition among buyers.
3. Affordability – Although home prices increased over 2023 by 4%, the average home price in the Allegheny County area is $230,000 – $240,000. According to Forbes, Pennsylvania’s median sales price is $276,000.

Given the optimistic predictions, what do sellers or buyers need to know in this Spring real estate market?

1. Competition – with the expectation of high demand and low inventory, competition can be increased for a home that is properly prepared and priced correctly.
2. Fast-moving market – Spring is traditionally a busy season in the housing market. Homes will move quickly. Home buyers should be prepared to act quickly. Home sellers should prepare plans for their new housing needs.
3. Market Awareness – keeping current on the local market conditions in your neighborhood will help a seller set a realistic price, and buyers craft competitive offers.

In preparation for a hot spring real estate market in Pittsburgh, both buyers and sellers can take proactive steps to position themselves for success:

For Buyers:

1. Get Pre-Approved: Start by getting pre-approved for a mortgage. This helps you understand your budget and demonstrates to sellers that you’re a serious buyer ready to make a competitive offer.

2. Define Your Priorities: Clearly define your must-haves and nice-to-haves in a home. You may need to be flexible with limited inventory, but having clear priorities can help you focus your search.

3. Stay Informed: Keep a close eye on the market trends, including median home prices, average days on the market, and new listings. This information can help you make informed decisions and act quickly when the right property arises.

4. Work with a Local Agent: Partnering with a knowledgeable local real estate agent is invaluable in a competitive market. They can provide insights into specific neighborhoods, guide you through the buying process, and help you navigate negotiations effectively.

5. Be Prepared to Act Quickly: In a hot market, desirable properties can go under contract within days or even hours. Be prepared to move quickly when you find a home that meets your criteria, and be ready to submit a strong offer.

For Sellers:

1. Prepare Your Home: Invest time and effort into preparing your home for sale. This includes decluttering, depersonalizing, making necessary repairs, and enhancing curb appeal. A well-presented home stands out in a competitive market.

2. Price Strategically: Work with your real estate agent to price your home competitively. While aiming for the highest price is tempting, overpricing can deter buyers and prolong your time on the market. Strategic pricing can attract more interest and lead to multiple offers.

3. Maximize Exposure: Utilize multiple marketing channels to maximize exposure for your property. This includes professional photography, online listings, social media promotion, and traditional marketing methods. The goal is to reach as many potential buyers as possible.

4. Be Flexible with Showings: Accommodate showings and open houses to make it easy for buyers to view your home. Flexibility can attract more interest and increase the likelihood of receiving competitive offers.

5. Communicate Your Moving Timeline: Understanding your plans can help buyers make informed decisions, especially if they have specific timing requirements. Being transparent about your moving timeline can streamline negotiations and ensure a smoother transition for both parties.

Preparation, knowledge, and agility are essential for buyers and sellers in Pittsburgh’s hot spring real estate market. By taking proactive steps and working with experienced professionals, you can navigate the market dynamics successfully and achieve your real estate goals.

Having spent the last 20 years in the Pittsburgh real estate market, I know how to successfully help you navigate our spring market. Contact me here, by phone at 412-848-3907, or by email at Kim.Esposito1@pittsburghmoves.com to schedule a free consultation to discuss your real estate needs.