Unfortunately for malls, especially class C and D traditionally enclosed shopping centers for which account for majority of all U.S. malls, there are substantial retail space vacancies.
Both initial and continued claims for unemployment benefits dropped. However, 2.7 more people applied for special pandemic program benefits.
Mortgage rates remained unchanged at 2.73% for the second straight week as recent data shows that inflation remains subdued well below the Federal Reserve’s 2.0% core target.
The annual inflation rate continues to rise in January as the COVID-19 cases are falling and the vaccine is becoming available to more Americans.
The number of people seeking unemployment benefits fell further for third straight week to the lowest level in the last couple of months. It seems that the worst months for the labor market could be behind us.
The overall job market is still weak, with only 49,000 net new job creations in January following a 227,000 net loss in December.
Mortgage rates remained unchanged at 2.73% from the previous week. Given mortgage rates follow the trend of the 10-year Treasury yield, rates may rise modestly in the upcoming weeks.
The number of unadjusted new unemployment claims fell last week to 873,966, a decrease of 101,498 claims from the prior week.
This report presents key results about market transactions from the December 2020 REALTORS® Confidence Index survey.
The reasons store closures in 2020 weren't as high as forecasted can be found in retailers' extraordinary measures, consumer spending, and e-commerce.
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