As a relationship-driven, people-facing industry, real estate is facing the turbulent effects of COVID-19.

Penn Community Bank in Perkasie said it is working with United Way of Bucks County to create a Bucks County COVID-19 Recovery Fund to help those who experience a financial crisis from the pandemic.

Customers Bank of Wyomissing said it is limiting access at a number of its branches in response to the coronavirus.

The federal Small Business Administration (SBA) is working with state officials to support small businesses impacted by the spread of the coronavirus (COVID-19) with up to $2 million targeted, low-interest disaster recovery loans.

Neffs National Bank said it has hired some local banking veterans to run the new branch it is opening this spring in Walnutport. It’s the first branch the bank will have outside of Neffs.

That’s according to a local economic expert who shared details of his economic forecast for the Lehigh Valley Business Real Estate & Development Symposium on Thursday at DeSales University.

Many investors may be feeling ill after volatility on Wall Street blamed largely on concerns over the coronavirus, led to the largest single-day drop since 2018 on Monday.

More than 200 members of the state higher education workforce will retire this year in exchange for payouts from a one-time incentive program, that the PSHE offered employees to reduce payroll expenses while avoiding layoffs.

Construction of market-rate apartments is surging across the nation in both urban and suburban areas, while construction of units for low to moderate-income renters has declined dramatically.

Mounting economic pressures have contributed to a savings dilemma for those looking to retire. While everyone who works is most likely looking forward to retirement, fewer people are prepared for it. Younger generations are saddled with mounting student loan debt, and appear to be focused on starting a family and buying a house, which puts retirement on the backburner.