Our Market here in Pittsburgh is really hot in a lot of areas, seeing very high appreciation, while a few are still lagging behind. In this video I talk about where the Pittsburgh Real Estate market looks to be heading in 2017 and how Interest Rates might affect us.Want to sell your home? Get a FREE home value report. Want to buy a home? Search all homes for sale.Hot Markets - The appreciation rate in these areas has really taken off over the last year and will continue to do so with a lack of inventory. In the South Hills, Mt. Lebanon and Brookline saw a big appreciation from 2015-2016. Dormont is a really hot market right now, Mt. Washington is doing really well and so are a lot of other communities. The same goes with the "downtown Pittsburgh" area and east end. East Liberty, Squirrel Hill, Greenfield, Highland Park, and Lawrenceville all had a good year last year. The North Hills has really been a strong market as well, with home selling fast and some over asking. The Pittsburgh Real Estate Market saw steady appreciation this year at 3.5% Slower Market Areas  - Cranberry Twp and Peters Twp have been very slow in the past year and seem to be continuing on this trend into 2017.  The slow down of the oil and gas industry may be having an effect on the market, and continues to hurt the high end sales in theses areas.  A lot of homes are sitting on the market in the above $500k price range.  Also, we've seen some areas like Penn Hills, Knoxville, Mt. Oliver in and around the city that are flat or depreciating.  Penn Hills has an extremely high inventory right of homes under $100k. Mortgage Rates on the Rise -  The average 30 year fixed rate mortgage was at 4.21% according to Freddie Mac as of 3/15/17.  this is up .75% from where we were at in August and September of 2016 in the mid 3.5%'s range.  The fed just raised their benchmark rate again and is expected to do so another few times in 2017.  While it does not have a direct effect on mortgage rates, they tend to follow the upward trend.  Affordability will be affected in our Pittsburgh market as rates continue to rise.