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Erie Foreclosure Listings

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Erie, Pennsylvania: Home Values Have Increased and Foreclosures Have Decreased

Foreclosures in Erie, Pennsylvania have decreased significantly over the past year. There are currently about 317 homes on foreclosure listings while another 581 new and resale homes are available. Unemployment rate is at 6.3%, about 3% below national average. The cost of living in Erie, Pennsylvania is very good at 16% below national average. After a significant slump in home market values in the first quarter of 2010, the market prices have jumped back up to near last year's prices of about $113,420. A good reason to live here is the pupil to teacher ratio in the public school system: 15 to 1.