Although it's undeniable that the real estate market is wrestling with lingering supply chain issues and less-than-ideal interest rates, the industry is far stronger than it was a decade ago.

Business transformation requires a holistic company view and puts people first by letting go of toxic employees, modernizing the leadership structure and nurturing those leaders, writes Noelle Federico, CEO of Delta Hire. "Whatever challenge is at the forefront, leaders who approach an obstacle as an opportunity and create a strategy to find a solution tend to be the most effective," Federico writes.

Companies need a "living strategy" that is flexible enough to weather current market unpredictability and provide leaders the opportunity to make adjustments, writes Michael Mankins, author and a partner at Bain & Co. "The bottom line: strategies must be dynamic and evergreen—just like the business environment on which they are intended to capitalize," Mankins writes.

Mauricio Umansky, husband of "Real Housewives" star Kyle Richards, has his own show following his brokerage, The Agency. He offers a peek inside the occu-soap "Buying Beverly Hills" and makes predictions for high-end housing in 2023.

New York's Manhattan and the Hamptons, Florida's Palm Beach County and the greater Los Angeles region are among "trophy" real estate markets in the country, with properties fetching $50 million or more, and transactions at this level appear to be increasing. "It is a rarefied universe that very few can participate in," appraiser Jonathan Miller says.

A cohesive lighting plan is an important design element for the living room. Experts say enough light to make the room functional is essential.

Digital dashboards embedded in sidewalks collect data used by Uncharted to create a city's digital twin. The data helps cities make decisions about their infrastructure and find more sustainable solutions to transportation and other infrastructure needs.

Meet the five REALTORS® who have been named this year's Good Neighbor Awards winners, and learn how they went above and beyond for their communities in a dark time.

Maine and other states have paused rental assistance programs amid a deluge of applications and funding shortages. In Maine, the housing shortage has reached 25,000 units, underscoring the need to build.

Recent gyrations in British bond markets—and the U.S. stock market's slump during the first nine months of the year—offer signs of strain in the global economy as the Federal Reserve and other central banks rapidly raise interest rates. Still, many analysts expect the economy to avoid a repeat of the 2007 to 2009 financial crisis, and William Dudley, former president of the Federal Reserve Bank of New York, noted that "so far there haven't been any really bad surprises."

The Federal Reserve needs to be resolute in getting inflation under control by taking the benchmark interest rate high enough to restrict economic activity, Federal Reserve Bank of Atlanta President Raphael Bostic says. "I would like to reach a point where policy is moderately restrictive—between 4[%] and 4.5% by the end of this year—and then hold at that level and see how the economy and prices react," Bostic says.