Foreclosures in Pennsylvania increased in 2009 over the prior year. There was a total of 44,732 properties with foreclosure filings. That works out to a rate of one filing for every 122 households, which compares to the United States average of 45, and is a little less than one percent of the state's housing units.
Pennsylvania is the 6th largest U.S. state by population, with 12,604,767 people (in 2008). Its 46,055 square miles make it the 33rd largest state by area. Median household income in 2008 was $50,713.
Pennsylvania has the nation's 6th largest gross state product: more than $550 billion dollars annually. The state is renowned for its steel and manufacturing industries and home to 50 Fortune 500 corporations including US Steel and Heinz. Pennsylvania also hosts a thriving financial sector and gave birth to the first nationally-chartered bank, which known today as PNC Financial Services. It's still the fifth-largest bank in the country. In agriculture, Pennsylvania is the nation's largest mushroom producer and ranks among the top producers of Christmas trees, milk, corn, grapes, and nursery products.