Pennsylvania Real Estate

Pennsylvania's economy is a major attraction to any businessman who wants to invest in Pennsylvania real estate. This is because the state is the 6th richest in the United States with a total gross product of $430.31 billion in 2005. This gross product would have made the 17th largest in the whole world, had Pennsylvania been a country that is independent on its own right. The state would have been richer than Belgium. On the per capita ranking, the state only ranks 26th among all the states in the U.S. The reason for Pennsylvania's surging economy must be that it houses 49 of the Fortune 500 companies.

The Coal State

Although considered as a coal state in the US, Pennsylvania derives its large economy from its manufacturing factories and workshops. Pennsylvania is so industrialized that it ranks 11th among the most industrialized US states. In agriculture, the state also ranks 19th in overall production although it is first in mushroom production as well as 3rd and 4th in layer chickens and Christmas trees and in milk, nursery and sod, horse and corn production, respectively.

A burgeoning economy also translates to a booming Pennsylvania real estate market. There were a large number of farms in the state's southeastern area that were sold and were developed for housing due to the increase in land prices as well as taxes. This hike is mirrored by quite a substantial demand for Pennsylvania real estate in the fifth largest US metropolitan area. While it were Montgomery and Bucks counties that first started suburbanization, Berks, Chester, Lehigh and Lancaster followed suit in jumping into the bandwagon. This suburbanization trend in the state made the Pennsylvania real estate market what it is today, a viable market that ensures greater capital gains.

The Keystone State

Pennsylvania is one of the U.S.'s five mid-Atlantic States that was known as the Quaker State during the colonial times and later as the Keystone State. This nickname was derived by the state because of its industries and agriculture that it has in common with both the north and south respectively. The state has a coastline that covers up to 51 miles as well as a shoreline of 57 miles. Its largest city is Philadelphia, which houses a major seaport and quite a number of shipyards on its river, named the Delaware. Pennsylvania is the US' 33rd largest state. The state's municipalities are integrated as boroughs, cities and townships.

Recreation and Entertainment

Those who would want to invest in Pennsylvania real estate would largely benefit from the many recreational offerings of the state. This is because those who would want to live in the state's cities, townships and boroughs would also like to know what are in store for them when it comes to having fun. Pennsylvania is the home of the first zoo ever in the US, which is the Philadelphia Zoo as well as other great zoos. Aside from these zoos, the state also touts the finest museums that includes the Houdini Museum, which is the only structure dedicated to the famed magician. Pennsylvania also has quite a number of state and amusement parks for the enjoyment of families as well as concert halls and sporting activities for music and sports buffs respectively.