Dennis's Blog

Real estate sales for Erie County dropped precipitously in March compared to a year earlier and even two years ago. There were 275 properties sold for $25,694,369 in March 2008 vs the 459 sales in March 2007 for $58,622,788 and March 2006 when 444 properties changed hands worth $44,430,774. The f...

The seasonally adjusted unemployment rate for Erie County was 5.3 percent in February, down from 5.4 percent in January 2008. The number of people employed went up from 134,200 to 134,500 and the labor force grew 100 people from 142,000 to 142,100. Back in February 2007, the unemployment rate was...

The Greater Erie Board of Realtors released the Erie County real estate sales for February 2008. There were 340 properties sold for $26,990,459. This compares to February 2007 when 334 properties were sold for $27,822,866 and February 2006 when 366 properties were sold for $31,231,977. The figure...

All real estate is local. What's happening in California or Florida doesn't effect the market in Erie. Last year you heard news about home prices falling all over the country. In Erie they rose. In an 88 page report released by the Office of Federal Housing Enterprise Oversight, home prices in Er...

I’m finally starting to see some figures on how the Erie real estate market did last year. The average price of a residential house in Erie County was $127,200 in 2006. And surprise, surprise. The average residential home price in Erie County went up 1.5 percent to $129,100. That’s really good co...

One year ago the subprime mortgage mess news first hit. The Keystone Research Center compiled data on the housing market, including the number of subprime mortgages. In 2006 for Erie County, 25 percent of mortgages originated were subprime loans. Crawford County was at 29 percent and Warren Count...

The Greater Erie Board of Realtors released the January 2008 property transfer figures for Erie County PA. The reports shows that 243 properties were sold for $41,202,807. This compares to January 2007 when 280 properties sold for $44,849,368 and January 2006 when 254 changed hands for $26,951,81...

There were 582 members of the Greater Erie Board of Realtors in 2007. A total of 74 Realtors decided not to renew their licenses for 2008 and pay their membership dues that were due at the end of December. A few of those not renewing were most likely retirements but I'd bet the majority were from...

The Erie PA area, which includes all of Erie County, ranked 57 out of 287 metro areas in percent change of housing prices for the quarter ending September 30, 2007 in data released by the Office of the Federal Housing Enterprise Oversight. For the quarter, home prices were up 2.36 percent. The pa...

Steris Corporation announced they closed on the sale of their 525,000 sq ft manufacturing complex on 25 acres in Erie, PA. Industrial Realty Group (IRG) purchased the property for $5 million. Steris will lease 100,000 sq ft for the administrative and engineering staff it maintains in Erie. The IR...