Do you know what a saltbox house looks like? | Leaders can prime teams, but personal drive is a must | Housing market diverges between eastern and western US
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Leaders can prime teams, but personal drive is a must Getting sales teams off to a good start requires clearing the decks to make their jobs easier, ensuring open communication with you and not ignoring accountability, writes Loyd Ford of Rainmaker Pathway Consulting, or RPC. The best sellers learn from their managers and also go above and beyond through creativity and forward progress, Ford explains. Full Story: Radio Ink (3/26)
Real Estate Trends
Housing market diverges between eastern and western US There is a clear geographic divide in the country's housing market, with major metropolitan areas in the western US seeing home prices fall in January even as those in the eastern US saw home prices rise. The divergence may be related to local differences in supply, affordability and job availability. Full Story: The Wall Street Journal (3/27)
Home value rise outpaces rent increases The rise in home values in recent years has widened the gap between what it costs to own versus rent a home. According to this analysis by the National Multifamily Housing Council, it costs $1,176 more monthly to buy. Full Story: CBS News (3/27)
Chris Lavigne, head of production at Wistia, talks about how artificial intelligence, including generative AI like ChatGPT, can help marketers create video content. Lavigne explains how ChatGPT can assist with script writing and how tools such as Runway and Descript speed up the editing process. Full Story: HubSpot (3/27)
What not to do in money management Executives involved in recent high-profile bank collapses invested in fixed-income products, assumed rates would stay low and ignored concentrated risk, financial planner Hal Bundrick writes. Bundrick outlines how to learn from these mistakes and avoid similar money-management failures. Full Story: MarketWatch (tiered subscription model)/NerdWallet (3/27)
Bank failures could put damper on economy for months Though the US banking system has stabilized after the failure of Silicon Valley Bank, experts say the crisis could ripple through the economy for months or years to come. A Federal Reserve survey of loan officers found that 40% had tightened business lending standards, which could put a damper on spending, hiring and other activities. Full Story: Axios (3/24)
World Bank foresees "lost decade" without new policies Unless policymakers adopt new initiatives to boost labor force participation and increase productivity and investment, the global economy could enter a "lost decade" of economic growth, according to the World Bank. These kinds of efforts could increase potential GDP growth to 2.9%, above the 2.2% annual growth the World Bank predicts could otherwise occur through 2030. Full Story: Reuters (3/27)
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