Market News

Hotel rates in the top 25 U.S. markets were up 9.3% year-to-date through May from the same period a year earlier.

Airfares shot up 20% between the start of the pandemic and June 2022; they’ve fallen 19% since, including 8% last month.

U.S. inflation eased last month to its slowest pace in more than two years as underlying price pressures cooled.

After more than two years of booming sales and price increases, the U.S. housing market sank this year under the weight of high mortgage rates. In April, home prices declined year over year for the first time in 11 years.

As many as 188,000 low-cost rental apartments funded by the government tax credit are eligible to convert their properties to market rate by 2027.

U.S. crude output this year through April is up 9% from a year ago, on pace for a record-breaking year and helping to keep energy prices stable.

Americans voluntarily left 3.8 million jobs in April. That marked a drop of 700,000 from 4.5 million in November 2021, the highest level on Labor Department records back to 2000.

Despite the rise in mortgage rates last year, sales of student housing property reached a record high of $22.9 billion in 2022.

The overall value of private-equity-backed deals is down over 50% in 2023 versus the prior period, at a three-year low of about $256.7 billion. But the number of transactions has fallen only 4% to 6,458. That is the third-highest year-to-date tally in data going back more than 30 years, showing a resurgence of smaller deals.

Home prices posted their first year-over-year price decline in 11 years in April, as higher mortgage rates made home purchases more expensive for buyers.