Fair housing is in your hands More than 50 years after the federal ban on housing discrimination, upholding the law's spirit remains a challenge. Here's how to be a fair housing leader. Full Story: REALTOR® Magazine (4/3)
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A bitter and intense negotiation scene in the new season of HBO's "Succession" offers an array of traps to avoid, writes Francesca Gino, who recommends not being overconfident in your position, setting a strong initial anchor and getting clear on the process before making substantial commitments. "When the process is negotiated in good faith and agreed upon by both sides, it can help establish a sense of fairness and transparency," Gino writes. Full Story: Harvard Business Review (tiered subscription model) (3/31)
How to keep your top employees At a time when many workers decided to leave their jobs, PostcardMania managed to keep its workers, even in sales, writes Joy Gendusa, founder and CEO. Gendusa recommends three strategies for employee retention: Hire only those people really interested in being there, tap current workers to become your managers and create a culture of goodwill toward each other. Full Story: Entrepreneur (3/30)
Home sale highlights changing dynamic between parties Agent Gerald Lawrence fielded multiple offers for this Toronto three-bedroom property, but buyer conditions caused deals to fizzle out until an offering in January led to the final sale. "The sellers are getting the message people like their house, but they're not going to pay what they would have paid last year when things were crazier," Lawrence said. Full Story: The Globe and Mail (Toronto) (tiered subscription model) (4/2)
Regulation blamed for dearth of affordable apartments The luxury segment accounts for a large proportion of a boom in apartment building, which reached a 50-year high last year, according to Yardi Matrix. However, the growth fails to address an affordability issue, and builders say they're constrained by regulation, including zoning codes that limit land availability. Full Story: CNBC (4/2)
Legislation & Regulation
Q4 GDP, consumer spending downgraded in latest estimate The U.S. economy expanded at a 2.6% annual pace in the fourth quarter, a slight downgrade from the government's previous estimate of 2.7%. Consumer spending increased at a 1% annual rate, compared with 1.4% in the previous estimate. Full Story: The Associated Press (3/30)
Potential wage-price spiral could spur more rate hikes Concerns that the economy could fall into a so-called wage-price spiral could encourage the Federal Reserve to continue with its inflation-fighting campaign despite recent turmoil in the banking sector. The city of Midland, Texas, which has seen rapid inflation followed by strong pay hikes, offers a case study. Full Story: BNN Bloomberg (Canada) (4/2)
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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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