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.
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.
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.
New York City’s office market leased 23.2 million square feet in the first nine months of 2025, the largest amount in 19 years.
During the three months ended Aug. 31, the median sale price for luxury properties—defined as the top 5% of the market—increased 3.9% year over year to $1.25 million. But that is down from a 6.1% year-over-year price jump for the three months ended Aug. 31, 2024.
Rents in the top 20 U.S. markets for single-family homes are expected to rise 0.8% this year. That would be the slowest pace since 2011, when job losses caused by the global financial crisis made it hard to increase rent.
Overall, companies are requiring 12% more time in-office than in early 2024, according to data on policies for 9,000 employers. Yet Americans still work from home about a quarter of the time—much like in 2023.
Compass is acquiring Anywhere Real Estate for $1.6 billion in an all-stock transaction. Compass and Anywhere were already the first- and second-biggest brokerages by volume in 2024. The all-stock transaction would create a new industry giant with an enterprise value of about $10 billion, including debt, in one of the largest deals ever in the residential brokerage industry.
