Home foreclosures in Pittsburgh arising from strategic defaults are not as high in number as in other metro areas. While walk-aways are sharply rising in other areas, signs of walk-aways just started in the last quarter of 2009 in the Pittsburgh area.
Home foreclosures in Philadelphia surged in 2009, but home prices held up. The median price in 2009 rose to $215,000 in 2009, a total increase of 12 percent over the five-year period from 2004.
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