John Chesto over at his Mass. Market blog notes the similarities between the Boston and Pittsburgh real estate markets, both commercial and residential. Chesto notes that the recent Zillow quarterly report paints a very bleak picture nationwide, but Boston and Pittsburgh stand out for bucking the trend in falling home prices (though barely).

They were the only two among the country’s 25 largest metro areas to see gains in home values from the second quarter of this year to the third (although Boston’s gain was a minimal 0.1 percent). They are also the only two metro areas on the top 25 list where fewer than 10 percent of the single-family homes are underwater (it’s 6.3 percent in Pittsburgh, 9.5 percent in Boston). In the past year, home values have risen 1.6 percent in both the Boston and Pittsburgh markets, by Zillow’s calculations.

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Updated:  1st Q 2018