Adopting AI in the workplace requires focusing on employee needs and behavior. Frequent industry changes can lead to burnout and resistance, so effective change management is essential. Key strategies include investing in continuous training, fostering a test-and-learn culture and setting realistic AI expectations. By prioritizing these approaches, the real estate industry can ensure successful AI integration and a more resilient workforce.

Mortgage applications fell 2.2% from the previous week, according to the MBA’s survey for the week ending July 19, 2024. The Purchase Index dropped 4%, reflecting ongoing affordability challenges despite a dip in 30-year fixed rates to 6.82%. However, refinance applications rose 0.3%, reaching their highest level since September 2022, as some borrowers took advantage of lower rates.

A recent report highlights a significant gap in workplace coaching, with 40% of employees saying their managers are too quick to provide solutions. Workers increasingly crave coaching that helps them solve problems independently rather than being given direct answers. Explore why coaching matters more than ever and how organizations can create a culture of coaching to boost productivity and keep their workforce happy and thriving.  

All-cash offers from real estate investors are on the decline, signaling a shift in the market. With fewer investors making all-cash bids, homebuyers may find new opportunities in a less competitive landscape. This change is partly due to rising interest rates and market adjustments. For buyers, it means less pressure from high-stakes cash offers and a chance to negotiate better deals.