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Redefining market area as ‘me’ and ‘you’

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Editor's note: Explore the future form and function of the real estate industry in the Inman News Roadmap to Recovery project. Click here for more details. The following is the first part (read Part II here) of an Inman News Q&A with Donald S. Teel, founder, president and CEO of, and editor and senior analyst for REALonomics, a site focused on changes and challenges for the real estate industry: Q: Imagine how the real estate industry will be different when we recover from the current downturn. A: Before we can ever claim to be mapping a recovery we must first define the phrase "recover from the current downturn." As an irreducible minimum, the term "recovery" must mean and involve several business concepts that are held simultaneously. Several key ingredients come to mind, such as: Consumer Trust. Certainly, "recovery" must mean that we have transformed our relationship with the consumer into one in which we are trusted as a...