More people are upgrading their current property rather than moving, and they're looking for guidance on resale value, surveys show.

Salespeople require tailored coaching from managers depending on experience level from rookie to veteran. "Great coaches also encourage, observe, and provide feedback," writes Trey Morris, a senior consultant for the Center for Sales Strategy.

Collecting payments will likely get more difficult amid creeping recession, writes small-business consultant Barbara Weltman, who outlines policies from in-house notices to legal action and collection agencies. In addition, Weltman explains how outstanding payments affect taxes and cash flow.

As your budget shrinks in a more difficult economy, look for opportunities to use resources more effectively, writes Betsy Dougert, vice president of external relations at SCORE. "Smaller budgets can foster more targeted problem-solving and unique, outside-the-box thinking," Dougert writes.

Pending home sales continued to fall in October as higher mortgage rates shook buyer confidence. Read more from NAR's latest home sales report.

FHA home buyers will soon be able to purchase flood policies from private insurers, which could translate to big savings.

An analysis by Knight Frank finds that Dubai and Miami are the top two luxury real estate markets globally, while the luxury segment in London and Seoul are expected to drop in 2023. Prices for luxury properties in New York are expected to rise slightly.

For some, the holiday season means a break from busy daily life. But for real estate pros, this time of year is often busier than ever.

A report by the National Association of Real Estate Brokers is drawing attention to racial discrimination in the mortgage process, with Black applicants denied at more than two times the rate of white loan applicants. "Discrimination and systemic racism is still happening around the country," said NAREB President Lydia Pope.

The Federal Housing Finance Agency has raised the threshold for mortgages eligible to be backstopped by Fannie Mae and Freddie Mac, with the limit surpassing $1 million in markets with a high cost of living. The limit for certain expensive markets will increase to $1,089,300 next year, while the limit for other areas will increase to $726,200.