New study finds Pittsburgh market among most competitive for homebuyers nationwide

New study finds Pittsburgh market among most competitive for homebuyers nationwide
FILE PHOTO: New study finds Pittsburgh market among most competitive for homebuyers nationwide (Image Source/Getty Images/Image Source)

PITTSBURGH — Low inventory, whether due to a hesitation to sell during the Covid-19 pandemic or other market factors, has driven housing prices up and made the market more competitive for buyers.

That means that borrowers who may have been approved for a loan at the beginning of the year could now face an uphill battle.

Online loan marketplace Lending Tree looked at where homebuyers are the most competitive, based on the share of buyers with credit scores over 720, average down payment percentage and share of buyers who try to secure a mortgage before they buy a house.

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