U.S. existing-home sales fell 2% in August to a seasonally adjusted annual rate of 3.98 million, the lowest level in more than a year. The national median existing-home price in August rose 1.6% from a year earlier to $429,100.

Mall values rose 13% over the past year, outperforming all other commercial property sectors. But despite recent gains, mall values remain far below peak levels from a decade ago, and some investors remain skeptical of the retail experience.

Under this “dual earn” partnership, Delta Medallions earn miles when they book eligible Hyatt stays, and World of Hyatt elites earn points on qualifying Delta flights.

Centerspace, a major owner of rental properties in Minnesota and several other states, is merging with Philadelphia’s Independence Realty Trust in an all-stock deal valuing the combined company at $8.1 billion, creating a portfolio of more than 44,000 apartment units.

The Atlanta Fed calculates that a household would need income of $124,674 a year to afford a median-priced home—45% more than the median household makes.

Florida-based EverBank Financial has reached a deal to pursue a reverse merger with a smaller bank in the Pacific Northwest, WaFd, the companies said. The deal would create a regional bank with some $75 billion in assets.

Data-center construction remains a boon to hotels; business activity associated with the massive projects, including construction, is adding to bookings across the country.

U.S. Treasury yields hit 4.8%, the highest of President Trump’s presidency, this week. Yields have also risen in Japan, where the 10-year yield hit 3% for the first time in 30 years, and just as much in Europe. France’s 10-year yield, at 4.21%, is up 0.65 percentage points this year. Britain’s, at 5.15%, is up 0.67 points.

S&P 500 per-share earnings rose 53% and sales grew nearly 16% in the second quarter, driven by consumer spending and tariff refunds.

The U.S. IPO market is on track for a record year, with traditional offerings raising $137 billion so far this year.