Verification, Marketing, Broker Products; NAR Settlement Opinion; Inflation Easing Helps to Keep Rates Stable

(In honor of labor, there is no Commentary tomorrow; Tuesday will be the next one. But in honor of August 31 being National Bacon Day, we celebrate with a bacon joke below.) College football is back in the news, with its assortment of personalities. Lots of us are on the road this weekend, bunking down at Motel 6 and Econo Lodge. At the other end of the spectrum, they “have’s” are also bunking down: The number of U.S. hotels with an average daily rate of $1,000 for a room hit 80 (WSJ subscription needed) as of the first half of this year, up from just 22 such hotels in 2019. In Europe, the number of $1,000-a-night hotels tripled over the same period, to 183 establishments. On Monday, millions of Americans will joyfully stay home, hearing news about politicians saying how they love the common man, fire up a grill, or head to the beach… traditions enshrined, indirectly, in 1894, when Congress made Labor Day a national holiday. For many, the day is now so deeply entwined with leisure, pleasure, and department-store sales that it’s easy to forget its origins in the labor movement. (Today’s podcast is found here and this week’s is sponsored by EarnUp and its new AI Advisor tool. The industry’s first-ever context-aware conversation agent instantly analyzes users’ real-time banking and credit data to answer complex financial questions and provide tailored product recommendations. Hear an interview with Lawn Love’s Kimberly Magerl discussing a survey about 2024’s most expensive metropolitan areas for renters.)