Real estate businesses and workers are allowed to resume operations across the state under industry-specific social distancing guidelines, the Wolf administration announced Tuesday afternoon.

Data released May 12 from the National Association of Realtors (NAR) shows that house prices increased in the first quarter of 2020 despite the ongoing coronavirus pandemic.

Governor Wolf’s office tells Lehigh Valley Business that he intends to veto House Bill 2412, which would declare the real estate industry as a life sustaining business.

A bill to declare real estate as a life-sustaining business in Pennsylvania is heading to Gov. Wolf’s desk for signature after being passed by the state house and senate.

City Center Investment Corp., which has been behind much of the redevelopment efforts downtown, has unveiled plans for a new project that will include 250 apartments, retail space and live/work lofts.

Demolition work is beginning at the former Allentown State Hospital on Hanover Avenue in East Allentown.

Despite restrictions on real estate and the fact that most retail stores are shut down because of the coronavirus pandemic, Colliers Bethlehem office said it has sold the Bethlehem Village Shoppes to an investment buyer in Bucks County for $4.5 million.

Real estate agents in Pennsylvania aren’t giving up their fight to have their industry declared life-sustaining so real estate sales can resume statewide. Pennsylvania is currently the only state banning most in-person real estate activity.

Special Olympics of PA recently moved into a newly formed regional office in Bethlehem.

A Lehigh Valley real estate agent is launching a business brokerage firm. Tejas Gosai and his team, who work for Century 21 Keim Realtors in Allentown, have formed Lehigh Valley Business Brokerage to help consult and assist businesses in the valuation and the sale of their businesses.