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Author Archives: tfitzpatrick

After COVID-19, will malls survive or close?

Now, as coronavirus vaccines roll out across the U.S., top-tier shopping centers are likely to bounce back in the new year, retail experts predict. But those that were in trouble before the COVID-19 crisis may disappear more quickly, as shoppers bypass them for malls offering a more upscale experience, or simply choose to click and shop online. 

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US home prices rise at fastest pace in more than 6 years

U.S. home prices jumped in October by the most in more than six years as a pandemic-fueled buying rush drives the number of available properties for sale to record lows. That combination of strong demand and limited supply pushed home prices up 7.9% in October compared with 12 months ago, according to Tuesday’s S&P CoreLogic Case-Shiller 20-city home price index. That’s the largest annual increase since June 2014. Continue reading.

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83% of small business owners report optimism for 2021

A new sentiment survey of small and medium-sized business (“SMB”) owners describes their outlook for 2021 as optimistic despite the significant impact of COVID-19 on business performance throughout 2020. The report, authored by GGV Capital and Hello Alice, also suggests that business owners expect an uptick in hiring, technology purchases, and overall growth.

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