RevPAR growth is projected to improve in the second half of the year, increasing by 2% compared to only 0.5% in the first half of 2024.
Some 64% of job-switchers got a raise, but only 44% maintained or increased their 401(k) savings rate.
Rapid growth over the past decade has fueled the private credit industry’s rise into a $1.7 trillion market.
Only 30% of the office loans worth more than $100 million that matured this year were paid back on time, with the rest either getting extensions or defaulting. By comparison, 70% of loans worth less than $10 million were paid back on time—a sign that lenders are much more comfortable issuing smaller mortgages for now.
Home insurance premiums for mortgage loans of more than $1.5 million jumped 130% between mid-2020 and mid-2024. For mortgages of between $400,000 and $800,000, home insurance premiums increased 12% over the same period.
By 2022, 53%—more than half of all U.S counties—drew at least a quarter of their income from government aid.
In 2019, 13% of reporting hotels in the top 25 U.S. markets charged an average daily rate of at least $200, in 2024, that figure is just over 20%.
Income generated from money markets surged to more than $27 billion in August, a record on an inflation-adjusted basis going back to 1990.