Minority and Women Inclusion 2016

Diversity and inclusion (D&I) has grown in prevalence in recent years, most significantly with the 2011 establishment of the Office of Minority and Women Inclusion (OMWI) for regulated entities. The most pivotal aspect of this movement is accountability, to ensure that diversity work is actually being conducted and not just discussed. Entities—most recently the Consumer Financial Protection Bureau (CFPB) and U.S. Securities and Exchange Commission (SEC)—have taken initiative in reporting their progress by providing Congress with annual OMWI reports. Continue reading

Taking Your Business International

Do you have a successful business that is ready to tread onto international grounds? Growing your company into an international firm offers the exposure and growth opportunities to transform your business from a domestic success to a global powerhouse. Global expansion also offers the flexibility to rely on an alternate market when others are experiencing fluctuations caused by seasonal trends or economic issues.

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The Buying Power of Asian Americans

The housing market has been turbulent for the past decade, but 2016 has started with a positive trend. According to the Nationwide Economics’ Health of Housing Markets (HoHM) Report, the Leading Index of Healthy Housing Markets (LIHHM) for the third quarter of 2015 was higher than 100, their neutral number, and this typically designates a healthy market. The report also confirms that the Metropolitan Statistical Areas’ (MSA) LIHHM performance has been improving since 2012. Continue reading

Equal Pay Day

This year April 12 marks Equal Pay Day, a day representing how far into the new year women have to work to earn the same amount of money men did the previous year. Almost three-and-a-half months into 2016 women finally equaled men’s 2015 earnings, due to the pervasive 27 percent gender pay gap that sees women earning 79 cents to every man’s dollar. Continue reading

HISPANIC WOMEN ARE THE KEY TO HISPANIC BUYING POWER

As Hispanics continue to thrive—in education, career, resources, representation—their access to capital and buying power will increase accordingly and their purchases will have a significant impact on the economy, not the least of which will be the purchase of a home. It is crucial to learn the best ways to serve Hispanic homebuyers, not only to help them make the best purchases, but to ensure their growth is encouraged and safeguarded rather than delayed or prevented altogether.

According to the Pew Research Center, as of 2015 there were 57 million Hispanics in the United States, accounting for 18 percent of the entire U.S. population; this is a grand increase from 1980 when this group comprised 6.5 percent of the population. In their 2014 population predictions, the Census Bureau estimates that the Hispanic population will more than double by 2060 to 119 million.
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WHAT CITY’S RIGHT FOR YOU?

Since 1926, there’s been an old adage about three key factors when choosing a property to buy: Location, Location, Location. But with so many varied factors, what truly makes a city great? Obviously, there are a variety of features, and a recent WalletHub study reveals that these features are gender specific. Of course they are! Why didn’t we consider this before?

How can one city be an all-encompassing perfect spot for both men and women, when their needs are so vastly different? Truthfully, realtors should familiarize themselves with the idea that women need to tailor their buying power in areas that are sensitive to their needs. It’s an outdated mentality that a single, millennial female should purchase in a superb community because it has good schools and crime is low. While that would appeal to a mother with two children, it does not encompass the needs of every woman.
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THE VALUE OF WOMEN’S ORGANIZATIONS

Why join a women’s organization? One word: success.

Businesswomen are creating higher-level success stories and it is in no small part a result of collective camaraderie and new tools like the NAWRB Women’s Global Database. Women are starting over 1,100 businesses a day and women-owned businesses grew by 27.5 percent from 2007 to 2012. This professional attainment has gained so much momentum that last year the Small Business Administration (SBA) announced that it met its annual lending authority threshold of $18.75 billion. The SBA also recently awarded 5.05 percent of all federal small business contracts totaling $17.8 billion to women-owned small businesses, surpassing their 5 percent goal.
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IF YOU LIKE DEPARTMENT STORE SALES, YOU’RE GOING TO LOVE FLINT

Like a Macy’s dress on sale, Flint, Michigan is hanging on the proverbial, real estate clearance rack. While the town endures a serious water crisis, the fact is, many investors are buying up Flint like a new pair of Pradas on Black Friday. It may be shocking, but the Flint real estate market is making a comeback, and realtor.com reports that investors are buying homes for an average price of just under $23,000.

I know what you’re thinking. It’s true that Flint has not had the best press for a few decades. They’ve been under tremendous duress since General Motors left a mass of its residents unemployed in the ’80s. Not to mention the less than stalwart city officials that created the water crisis by allowing a change in drinking water source from the Detroit Water and Sewerage Department to the Flint River, leading to thousands of residents being exposed to lead contamination. But Flint is on the rise, and for good reason.
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