While email and virtual meetings can solve many communication issues, there are times when a face-to-face meeting is the best course of action. These situations include times when there is a serious challenge that involves many people and when leaders have to share messages that might be interpreted in a negative way.
Despite a decline in proptech investment in 2023, industry insiders remain optimistic about the sector's future due to the growing influence of technology in the commercial real estate industry.
Consciously choosing to put a coworker's priorities above your own is a hallmark of listening as an ally, a strategy that can help both parties through challenging situations, Rachael Grail of leadership consulting firm Interaction Associates writes. It starts with understanding that listening is a leadership skill that must be developed, Grail explains.
Amid a shortage of affordable housing, cities' restrictive policies force developers to cater to wealthier clients to recoup investments, Redfin chief economist Daryl Fairweather writes of the proliferation of luxury condos in U.S. cities.
The Federal Housing Administration is set to propose a plan that will help temporarily reduce mortgage borrowers' monthly payments if they are behind without forcing them to give up loans made at low interest rates. Under the plan, the FHA would essentially use its insurance fund to pay a portion of the monthly payment, with the borrower having to pay off the assistance as a second loan.
The Federal Reserve's Beige Book for May captured a softening in commercial real estate, although conditions varied across the 12 districts in the report. The report also showed an increase in consumer spending, with leisure and hospitality being a bright spot.
The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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