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.
Senior Housing
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.
Renter Fraud
Nationally, nearly three-quarters of apartment owners reported an average 40% increase in rental-application and -payment fraud last year compared with 2023.
Rural GDP
Around 50 million people, or one in seven Americans, live in rural areas. These regions generate less than 10% of gross domestic product, most of which comes from resource-intensive industries such as agriculture, mining and manufacturing.
Rate Outlook
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.
RXR 590 Madison
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.
Walmart ChatGPT
Walmart is forming a partnership with OpenAI to let shoppers buy its products directly within ChatGPT, the artificial-intelligence chatbot. It is a signal by the biggest U.S. retailer that online shopping is going to become a different experience from the retail websites we are used to.
NYC Office
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.
JPM National Security
JPMorgan Chase will invest $10 billion directly into companies vital for U.S. national security, such as defense and AI firms.
Manufacturing Capacity
The Institute of Supply Management's PMI, which measures US manufacturing capacity, was 48.7 in August. Anything below 50 indicates a contraction. That marked the sixth straight month of contraction, which is a worrisome trend given how significant manufacturing is to economic activity.