Jonathan Goldstein, CEO of multinational investment company Cain International, said in an interview that for the fate of the real estate industry, returning employees to work at the company is no less important than cutting interest rates by the Federal Reserve.

“The biggest stimulus for the industry”, in addition to the fact that the Federal Reserve is expected to cut interest rates this week, is Amazon's new policy requiring employees to return to the office five days a week starting in January. Goldstein said in an interview at the Milken Conference in Singapore on Wednesday.

“The real estate industry needs this,” he said. “But I also think it's good for young people. I never believed a work-from-home culture would be good for people's mental health or career development.”