Lawrenceville has experienced a real estate boom in recent years. In 2007, price appreciation was the second highest in the city, after the South Side, according to Carnegie Mellon University. In 2015, the "Pittsburgh Post-Gazette" reported an increasingly high volume of developers looking to Lawrenceville to renovate properties for resale, also known as "flipping" houses, although such opportunities have become less lucrative as prices rise. Many homes now sell upwards of $200,000. As a result of this growth, Lawrenceville has been noted for its role in Pittsburgh's gentrification: once a working-class district, the neighborhood now caters to higher-earning buyers. Increases in construction and commercial enterprise have also led to a shortage of street parking, as hundreds of drivers try to squeeze their cars onto too-narrow streets.