Hi everyone,

Welcome to this week’s edition of the newsletter—fair warning, it’s a packed one! From housing market predictions and a spotlight on Pittsburgh's Strip District to standout properties and a weekend forecast of snow and fun events, we’ve got a little something for everyone. Plus, we’re diving into a homebuyer tip that could save you thousands and celebrating Pittsburgh’s historic role as the “Whiskey Capital of the World.”

So grab your coffee, settle in, and let’s dive into everything happening this week. And hey, no offense if you don’t make it through the whole thing—I get it, it’s a lot! But I promise it’s worth it.

If your new here or reading this for the first time I’m Pittsburgh’s Go-To Realtor, Expert in Luxury Homes & Strategic Real Estate Solutions, and someone who’s proud to combine small-town roots with big-city results. Over the years, I’ve sold millions of dollars worth of real estate, met some incredible people, and had the privilege of helping them buy and sell some truly amazing properties.

Let’s dive into this week’s Real Estate Revelations!

Before we dive into this week's updates, let’s talk Steelers. 🏈 As they gear up for Saturday’s Wild Card showdown against the Baltimore Ravens, all eyes are on Mike Tomlin. While Tomlin boasts an unparalleled streak of 17 consecutive non-losing seasons, the Steelers have struggled in the postseason, with only three playoff wins since 2010. As Pittsburgh fans remain fiercely loyal, some are questioning whether another early playoff exit could signal the need for change at the helm. Saturday’s game is more than just a chance to advance—it’s an opportunity for Tomlin to solidify his legacy and silence critics. Will this be the year the Steelers break through, or does the drought continue? 🖤💛

Read more about the stakes for Tomlin and the Steelers here.

Market News: Real Estate Trends to Watch in 2025

The real estate market is kicking off 2025 with a mix of cautious optimism and strategic planning. While experts don’t expect mortgage rates to drop significantly this year, many seasoned investors believe it’s still a great time to invest if you’re financially prepared. As Chicago-based investor Matt Laricy puts it, “You can never perfectly time anything… You have to live somewhere, so is it really worth waiting one or two years to maybe get it for 10% less, but in the meantime, you spend 20% more on rent?” This is great advice for buyers and investors alike. Timing isn’t everything—your financial readiness and long-term goals matter more.

Another trend to keep an eye on: Modular homes are gaining popularity in Western Pennsylvania. These homes offer a modern, efficient, and customizable way to build, reflecting a shift in how people approach homeownership.

And for a deeper look at why people moved in 2024, a study reveals trends that could shape this year’s market. From job relocations to lifestyle changes, understanding these shifts can help you make smarter decisions whether you're buying, selling, or investing.

Read more about investors’ predictions here, why Americans moved in 2024, and modular homes in Western PA.

Local News/Highlights

Pittsburgh Named One of the Most Affordable Metros by Realtor.com

Now, I know as Pittsburghers we may feel like housing costs are climbing, but here’s the good news: the rest of the country disagrees! Realtor.com recently named Pittsburgh one of the most affordable metro areas in the U.S. This affordability has driven significant migration from pricier cities like New York, Washington, D.C., San Francisco, and Boston. As someone who has worked with clients relocating to Pittsburgh, I can tell you firsthand—our cost of living, paired with the city’s character and charm, is a major draw.

Read more about Pittsburgh’s affordability here.

New Incentives and Tax Abatements Could Kickstart Gulf Tower Redevelopment

Downtown Pittsburgh continues to evolve, and the iconic Gulf Building is next in line. New tax incentives and abatements could pave the way for redevelopment, transforming the historic space into a mix of residential and commercial units. As the city works to breathe new life into underutilized spaces, these developments are a win for the downtown community and for those who love seeing Pittsburgh’s rich history preserved in modern ways.

Read about the Gulf Tower redevelopment here.

Neighborhood Spotlight: The Strip District

The Strip District is, hands down, one of my favorite neighborhoods in Pittsburgh. It’s been amazing to watch this vibrant area blossom over the last five years. What started as a hub for wholesalers and produce vendors has become a dynamic mix of restaurants, shops, condos, and cultural landmarks. Whether you’re grabbing coffee at a local café or exploring the bustling markets, there’s always something new to discover.

For a deeper dive into the Strip District, check out a blog I wrote on the neighborhood here. You can also explore another fantastic take on the Strip District here.

If you’re as fascinated by the Strip District as I am, you might enjoy a video I created last year diving into everything that makes this neighborhood so unique and vibrant. From its historic roots to its modern transformation, the Strip truly has something for everyone. Check out my video here for a closer look! 👇

Mortgage Rates Snapshot

As of January 8th, here’s a look at the national average mortgage rates across various loan types:

• 30-Year Conforming: 6.943% (▲ 0.068)

• 30-Year Jumbo: 7.059% (▼ -0.004)

• 30-Year FHA: 6.587% (▲ 0.061)

• 30-Year VA: 6.488% (▲ 0.068)

• 30-Year USDA: 6.543% (▲ 0.043)

• 15-Year Conforming: 6.150% (▼ -0.041)

While these rates provide a general snapshot of national averages, it’s important to remember that actual rates can vary based on factors like your credit score, loan type, and lender.

If you’re thinking about buying or refinancing, now might be the time to consult a mortgage professional to explore your options and lock in a favorable rate before further fluctuations.

Note: These rates reflect national averages and may not be representative of specific lender offerings.

Quick Weather Update: A weak low-pressure system is set to move out of the south Friday night into Saturday afternoon, bringing light to moderate snowfall across much of the southern Ohio Valley and into our region. Expect travel impacts late Friday night through early Saturday afternoon. Areas further south are projected to see the most significant snowfall, so plan accordingly if you're traveling over the weekend. Stay safe and stay warm!

2025 Color Trends: Bold Shades and Sweet Browns

Last week, we explored Pantone’s 2025 Color of the Year, Mocha Mousse—a rich, earthy brown that reflects a grounded yet luxurious vibe. If you missed it, catch up on last week’s post here.

This week, let’s dive deeper into the color trends of 2025.

While last year’s palettes leaned into calming blues and refreshing peach tones, 2025 is embracing bolder and deeper hues. From vibrant greens to striking purples, this year’s trends are all about making a statement. Notably, three standout browns—like Mocha Mousse—add a touch of sweetness and warmth, making them perfect for interiors that exude comfort and sophistication.

Whether you’re considering a fresh coat of paint for your home or just love staying on top of trends, these colors are sure to inspire bold design choices in the year ahead.

Discover all nine rising colors for 2025 here.

Standout Properties

Every week, I like to highlight unique properties that caught my eye. This week’s selection features a mix of urban sophistication, breathtaking views, and urban charm—perfect for a variety of lifestyles.

Elegant Shadyside Residence
📍 354 Lehigh Street, Pittsburgh, PA 15232
💰 $1,200,000
Located in the heart of historic Shadyside, this fabulous, modern, and contemporary home is perfect for those who enjoy a vibrant lifestyle. With high-end shopping, parks, exotic restaurants, universities, and hospitals just footsteps away, this residence offers the best of city living. Featuring 4 spacious bedrooms, a fully updated kitchen with quartz counters and Thermador appliances, gorgeous hardwood floors, and a rare game room, this home is both stunning and functional. Don’t miss the flat backyard, 2-car detached garage, and immaculate updates throughout. View Property

Charming East Liberty Victorian
📍 5415 Black Street, Pittsburgh, PA 15206
💰 $499,999
Nestled on a picturesque tree-lined street in East Liberty, this grand Victorian home perfectly blends modern design with classic charm. Boasting a beautifully renovated kitchen with shaker cabinets, quartz waterfall countertops, and stainless steel appliances, this home also features updated baths, a stunning master suite with a soaker tub, and an expansive yard. Perfect for entertaining or relaxing mornings on the covered porch, this home is move-in ready. View Property

Edgewood Elegance
📍 247 Maple Ave., Pittsburgh, PA 15218
💰 $749,999
This beautifully designed home in Regent Square is a true masterpiece, offering 5 bedrooms, 3.5 bathrooms, and high-end finishes throughout. With an open-concept layout, stunning hardwood floors, and a 9-foot kitchen island, this house is perfect for modern living. The luxurious primary suite includes vaulted ceilings, a spa-like ensuite bath, and walk-in closets. Outside, enjoy the scenic deck, a covered patio, and a 2-car detached garage. View Property

Mt. Washington Luxury
📍 229 Olympia Street, Pittsburgh, PA 15211
💰 $579,900
Nestled on one of Mt. Washington’s best streets, this 4-bed, 3-bath home combines modern luxury with convenience. Steps from Olympia Park and Grandview Avenue, it features a spacious primary suite with a fireplace and jetted tub, a renovated kitchen with granite countertops, and a finished basement. The fenced backyard and 2-car garage complete this stunning property. View Property

Homeowner/Homebuyer Tip: Don’t Overlook Your Sewer Lines!

Pittsburgh is filled with historic charm, but with older homes often come aging sewer systems. Many homes built in the early 1900s feature terracotta pipes, which naturally break down over time. Cracks, tree roots, and backups can quickly turn into costly surprises—easily reaching $10,000 or more to repair. Whether you’re buying or selling, here’s my best advice:

• For Buyers: Hire a professional to perform a camera inspection of the sewer line before closing. It’s a small investment that could save you big down the road. If you didn’t have one done, consider adding a policy rider to your homeowner’s insurance to cover these potential issues.

• For Sellers: If you suspect your line might be old or damaged, contact your insurance provider to add coverage before listing your home. This can offer peace of mind for both you and the buyer.

This is a repair issue I see all too often, deals fall apart because of this ALL the time, and I cannot stress how critical it is to take this extra step.

Need a professional camera scope? My friends at Drain Dogs have you covered.

Why Choose Drain Dogs?

Drain Dogs takes the guesswork out of plumbing issues with cutting-edge camera inspection technology. Their team provides clear, real-time views of your pipes, pinpointing blockages, leaks, or structural problems without unnecessary digging or disruption. Whether you’re dealing with recurring clogs, slow drains, or unexplained plumbing issues, Drain Dogs has the expertise to get it resolved quickly and efficiently.

Their services include:

• Camera inspections

• Hydro jetting

• Routine maintenance

• And more

With years of experience and a customer-first approach, they’re Pittsburgh’s trusted name in drain and sewer care.

👉 Learn more about Drain Dogs

Let them handle the dirty work so you can enjoy clog-free pipes and peace of mind!

Things to Do This Weekend in Pittsburgh

Looking for something fun to do in Pittsburgh this weekend? Here are some great options to check out:

House Team Hot Spot
Friday, January 10, 2025 | 7:00 PM - 8:00 PM
Ignite your Friday night with Arcade Comedy Theater’s "House Team Hot Spot." These talented performers will bring spontaneous hilarity, quick-witted banter, and unforgettable scenes to the stage. Whether you’re a comedy enthusiast or just looking for a night of laughs, this event is perfect for you. Grab your tickets and get ready to have your funny bone tickled!
Learn More

Jim Jefferies
Saturday, January 11, 2025 | 7:00 PM - 10:00 PM
Location: Heinz Hall, 600 Penn Ave, Pittsburgh, PA 15222
Australia's Jim Jefferies, one of the most popular comedians of his generation, is bringing his provocative and thought-provoking comedy to Pittsburgh. With ten stand-up specials under his belt and accolades like Stand-Up Comedian of the Year, Jefferies promises a night of laughter and entertainment you won’t forget. Don’t miss his newest worldwide tour, Son of a Carpenter!
More Info

Funny Girl
Tuesday, January 7 - Sunday, January 12, 2025
Featuring one of the most iconic scores of all time, the sensational Broadway revival of Funny Girl is dazzling audiences in Pittsburgh. This bittersweet comedy follows Fanny Brice, a girl from the Lower East Side who defied the odds to become one of the most beloved performers in Broadway history. Enjoy timeless songs like "Don’t Rain On My Parade" and "People" in this heartwarming love letter to theater.
Get Tickets

Don't miss out on these exciting events happening in the 'Burgh this weekend!

Something Fun

Pittsburgh Was Once the Whiskey Capital of the World

Did you know Pittsburgh played a pivotal role in American whiskey history? In the late 18th century, our city was at the heart of the Whiskey Rebellion, a significant protest against federal taxes on distilled spirits. At its peak, Pittsburgh was producing one-quarter of the nation's whiskey, earning it the nickname “Whiskey Capital of the World.”

This legacy highlights Pittsburgh’s deep-rooted entrepreneurial spirit and resilience, even in the face of challenges. So, the next time you raise a glass, give a nod to our city's spirited past! 🥃

Thanks for Reading!

As always, if you’re thinking about buying, selling, or just have questions about the Pittsburgh real estate market, don’t hesitate to reach out. I’m here to help!

Thanks for sticking with me through this week’s newsletter—I know it was a bit of a long one, but there was so much I wanted to pack in! From market trends to standout properties, local news, and even a bit of Pittsburgh history, I hope you found something that piqued your interest or inspired you this week.

As always, if you’re thinking about buying, selling, or just have questions about the Pittsburgh real estate market, don’t hesitate to reach out. I’m here to help!

Here’s to another great week ahead! Until next time, take care and stay warm out there!

Thinking About Buying or Selling?

Let’s chat about how to navigate Pittsburgh’s real estate market. Whether you’re looking to buy, sell, or invest, I’m here to help. Hit reply, or schedule a consultation here: 15 Min Consultation

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Thanks for letting me be a part of your inbox this week! I hope you found these insights helpful, whether you're a curious Pittsburgher, a buyer, a seller, or an investor. As always, I’m here to answer any real estate questions or just chat about the market.

Wishing you a wonderful week ahead,
Tim

Tim Pettigrew
Realtor | eXp Realty
📍 Serving Pittsburgh and Surrounding Areas
📞 412-545-6006 | ✉️ [email protected]
🌐 Visit My Website

Disclaimer:
This email is intended for informational purposes only and is not intended to be a solicitation if your property is currently listed with another broker. All real estate information is deemed reliable but not guaranteed. Please consult a professional for specific advice.

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