The American Hotel and Lodging Association (AHLA) estimates that the government shutdown costs the economy $31 million in lost activity that would have been generated by hotel stays. As of last week, the AHLA estimated that the hotel industry had already lost $650 million in business.
National rent prices edged slightly higher for part of this year, buoyed by price rises in the Northeast and Midwest where new supply has been limited. But last month, national average rent fell 0.3% from August, the steepest September drop in more than 15 years.
After plowing billions into leveraged single-stock funds in 2024, some investors have soured on them in recent months. Traders pulled almost $5 billion from the fund category over the past two quarters, the first time the fund category has ever reported outflows.
The number of small business sale transactions grew in the third quarter of 2025, reaching 2,599 closed deals — an 8% increase over the same quarter in 2024 and up 11% over the second quarter in 2025. The overall value of completed deals in the third quarter of 2025 hit $2.13 billion, a 5% gain over the same time last year and a 12% gain over the second quarter of 2025.
About 990,000 older adults were living with unrelated housemates or roommates in 2023, which is up 8.8% since 2021, and more than double the number two decades ago.
Nationally, nearly three-quarters of apartment owners reported an average 40% increase in rental-application and -payment fraud last year compared with 2023.
While some policymakers urge caution due to inflation remaining above the Fed’s 2% target, markets are pricing in 50 bps of cuts by year-end.
New York property owner RXR completed its purchase of 590 Madison Avenue, the former IBM building, for $1.1 billion. That was the first New York office sale to exceed $1 billion in nearly three years.
