Forbes.com published America’s Fastest Recovering Cities which ranks 100 largest Metropolitan Statistical Areas. The ranking consists of five categories: unemployment rate, measurement of the size of a city’s economy, foreclosures, home prices, and sales rate.
Here is what the article states about Pittsburgh:
“Pittsburgh’s GMP grew .8% between the second quarter of 2008 and 2009, consistent with the .8% national average. Home prices there remained relatively stable while those in other cities plummeted because the area’s prospects still seemed dim during the housing bubble and speculators looked elsewhere.”