Sales of bonds backed by the riskiest auto loans to subprime borrowers hit nearly $40 billion this year through October, up 17% from all of 2023.

The spread between hotel and commercial real estate (x hotels) cap rates expanded to 4.44% in 2020 then compressed to 2.44% by Q1 2024. The long-run average since 2001 equals 2.98% indicating a normalization of hotel investment risk.

Marriott International Inc. has started eliminating corporate jobs across the globe as part of a larger restructuring aimed at trimming annual expenses by as much as $90 million.

Thirty years ago, Americans with a college degree accounted for roughly 20% of the population and held the same percentage of household wealth as those without a degree. Today, Americans with a college degree account for 38% of the population and 73% of household wealth.

After strengthening nearly 3% since Election Day, the greenback was recently trading at a roughly two-year high.

The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when the consumer-price index was up 2.4% on the year. Core prices, which exclude food and energy items in an effort to better reflect inflation’s underlying trend, were up 3.3% from a year earlier.

Funds targeting hotel assets reached $10B in YTD Q3 2024, an increase of 19% from the same period in 2019.

National RevPAR of $102 is up 1.2% to 2023 and up 14.3% to 2019, the highest YTD Q3 in U.S. history.

Fed funds futures prices now imply a roughly 25% chance that the Fed will leave rates unchanged at the December meeting rather than cutting again, up from 14% a month ago.

Some 672,000 new apartment units will have been completed by the end of this year, but only about half that number is expected in 2025, and even fewer in 2026.