Pennsylvania

Citizens Bank Financial Group is funding the construction of two apartment buildings in neighborhoods northwest of Center City with a total of $27.5 million in loans, allowing the projects to move forward despite economic headwinds from the coronavirus pandemic.

PREIT, which owns a number of large malls, is trimming the salaries of its CEO and chief financial officer while suspending dividend payments as part of a deal with its lenders to stave off default as the coronavirus pandemic continues to take its toll on the troubled company.

Home-renovation loans to add features such as offices and pools could be one source of lending as credit unions struggle with overall sluggish loan demand.

Kalahari Resorts defaulted on a $347 million mortgage originated by JPMorgan Chase

In the Philadelphia metropolitan area, new listings are down almost 43% from March 1 to April 5, when the number of new listings typically grows by roughly 52%, according to Zillow.

The real estate market appears to be recovering in Monroe County, Pa., as home values are up and days on market are down.

Pittsburgh rose from the ash heap of the Great Recession and then became one of the hottest cities in the country for real estate flippers.

The city's Residential Mortgage Foreclosure Diversion program, born out of the recession in 2008, has prevented nearly 14,000 foreclosures by working with lenders and homeowners to lower mortgage payments.

The Lehigh Valley ended the year 2019 with a record: The lowest monthly supply of housing the local Realtors' association has ever recorded.

Officials hope a revamped Scranton, Pa., homebuyer program administered by a nonprofit partner will boost homeownership rates and bolster investments in city neighborhoods.