Home Sharing: Cut Costs and Gain Companionship

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With the booming sharing economy, most people are familiar with popular home sharing sites such as Airbnb which offers temporary housing in widespread locations. But let’s take it to another level: permanent home sharing.

In this context, home sharing refers to the phenomenon of aging adults choosing to share their homes with similar people. Those that opt for this type of arrangement include widows, the recently divorced, single people, and others who simply want to cut their monthly costs as retirement nears. In many cases, retirees may choose to home share to save money and offer flexibility without having to worry about a mortgage.

Shared housing can appeal to multiple demographics, although it is prevalent among women. Statistics may help shed some light as to why.
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Latinas Rise in Real Estate

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If you take a moment to notice, you’ll see we are at a place in our history where more women of color are stepping into leadership roles in the workforce, and it’s no surprise this growth is being felt in real estate. 

Historically, real estate has been an accessible career field for women for many reasons, including its flexibility when balancing the requirements of a thriving business with an equally demanding home life. The National Association of REALTORS (NAR) reports that women comprise 58 percent of their total membership, and, according to the Women’s Council of REALTORS (WCR), a women’s division was created in the California Real Estate Association as early as 1924. More female real estate practitioners are rising to the top and Latinas are the fastest growing contingent. 
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FHFA OMWI Releases their First Strategic Plan

Screen Shot 2016-06-10 at 10.51.19 AMThe Federal Housing Finance Agency (FHFA) Office of Minority and Women Inclusion (OMWI) has released their strategic plan for FY 2016 – FY 2018. It outlines their commitment to making minority and women inclusion a fundamental part of the agency’s culture and delineates the ways the OMWI will champion diversity and inclusion standards defined in the Housing and Economic Recovery Act of 2008 and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

The plan also describes OMWI’s part in implementing diversity and inclusion efforts (D&I) and equal employment initiatives for the FHFA, and D&I efforts at Fannie Mae, Freddie Mac and the Federal Home Loan Bank System.
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Office(s) of Minority and Women Inclusion

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Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies

After receiving more than 200 comments, and conferring with various regulated entities and professionals, six agencies issued a final statement establishing these standards in June 2015. Subdivided into five sections, each with detailed regulations, this interagency policy statement addresses the obstacles and barriers burdening minorities and women today.

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I. Introduction 
Section 342(b)(2)(C) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) requires the Directors of the Offices of Minority and Women Inclusion (OMWI) to develop standards for assessing the diversity policies and practices of the entities regulated by the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, Bureau of Consumer Financial Protection, and Securities and Exchange Commission (Agencies). To promote consistency, the Agencies worked together to develop joint standards (Standards) for assessing diversity policies and practices. This Interagency Policy Statement (Policy Statement) announces those Standards. 

This document is a general statement of policy under the Administrative Procedure Act, 5 U.S.C. 553. It does not create new legal obligations. Use of the Standards by a regulated entity is voluntary. The Agencies will not use their examination or supervisory processes in connection with these Standards.
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Mature Women Gain Inspiration and Self-Confidence Dressing for Success

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Women age 40 and above should dress for success in the mornings to be confident and inspired to do their best work. What women wear has a huge affect on their psyche. Donning polished clothing not only tells the world that you are self-assured and capable, it allows you to embody those characteristics.

A study performed by Adam D. Galinsky, professor at Northwestern’s Kellogg School of Management,  tested 58 undergraduates, splitting them into two groups, we’ll call them Group A and Group B. Group A was told to wear white lab coats they believed belonged to doctors. Group B was directed to wear street clothes. When taking an exam, Group A was more attentive and careful, making half as many mistakes as Group B. Dr. Galinsky infers that clothes greatly affect our minds and bodies.“Clothes invade the body and brain, putting the wearer into a different psychological state,” said Dr. Galinsky.
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China: Powerful Force in Global Real Estate

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Soaring granite peaks hovering over the clouds. Glittering urban skylines with taxis weaving through bustling crowds. And let’s not forget about the vibrant hillsides in warm autumnal shades of red and orange, a result of mineral deposits and oxidization. These are some of the diverse characteristics of China, the third largest country in the world with virtually every landscape imaginable throughout its provinces.

Named the world’s largest economy, China continues to grow and attracts millions of tourists each year. Although tourism has been steady in China, fewer foreigners are choosing China as their permanent home. A study conducted by UniGroup Relocation—a global relocation company helping families move for over 60 years—revealed that the amount of people moving out of China in 2014 has increased by twice as much when compared to those moving into the country. 

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How Mother Nature is Changing our Industry

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If you look back on the last decade, a lot has been written about global warming and how Earth is shifting. With flooding occurring in some parts of the country and droughts in others, it is a crucial time to remain attune to earth’s changes. Regardless of your beliefs on global warming, an increasing amount of areas, including entire states, are being affected by the wrath of Mother Nature. 

Recently, the state of Texas experienced downpours that reached 15 feet over the normal water level. This caused major flooding to the point that travel was prohibited in some areas, schools were shut down and obtaining basic necessities became troublesome. Natural disasters such as these are by no means a new occurrence, yet they are creating a bigger and more complex problem within the housing industry.
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China’s New Middle Class Fueling Growth

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China’s economic Great Leap Forward stands as one of the defining moments of the closing of the 20th century. Now an economic powerhouse, China and its $3.7 trillion in foreign exchange reserves are viewed by some with fear and trepidation. Others see it as an immense opportunity to create more widely shared prosperity, bring people closer together and remove barriers in the way of understanding and peace.

I am one of the latter.

The exponential growth of the Chinese economy and the remarkable rise—creation, really—of the middle class in China is an entirely new factor. Dominic Barton, global managing director of McKinsey & Company, estimates that by 2022 China’s middle class should number over 630 million;  although astounding, this figure would still represent only 45 percent of China’s population.
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Muffy Davis: Breaking Barriers

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Muffy Davis knows no bounds. She has won medals in multiple Paralympic Games as part of Team USA, holds over 25 World Cup titles, is a loving mother and wife and successful motivational speaker. She has triumphed through life’s challenges to become the accomplished woman she is today. 

As a young skier and Olympic hopeful, Davis’ journey to the Olympic Games was disrupted by a life-altering accident in the late 1980s. While traveling at over 45 MPH, she skied through a safety fence and hit two trees. Although her helmet saved her life, her spine was fractured, which rendered her paralyzed from her mid-chest down. Davis was only 16 years old. 

Although she was forced to confront her new disability, it marked the beginning of a rewarding and successful career. Instead of simply surviving, Davis chose to thrive. It was a combination of moments that led Davis to accept her fate and flourish with her new circumstances. 

“I was young; I was 16. After a couple years, I realized I wasn’t going to wake up and I didn’t want to miss 18. I had spent a lot of time in therapy and rehab. I looked at my mom and said, ‘Mom, I’m okay with this and you have to be too. I want to live. I want to move forward,’” said Davis. 

A year after her accident, Davis captured a glimpse of the world of adaptive sports when she saw the Disabled Alpine World Championships in Winter Park, Colorado. Her first reaction was “Hey, I can do that” and her fiery passion for competitive sports was once again ignited.

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Barbara Corcoran

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Real Estate Mogul and Business Consultant

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She took a bite out of the real estate world and turned her extensive knowledge into exhilarating  opportunities on the hit television show “Shark Tank.” As one of the most sought-after investors, she shares how women business owners can achieve success.

NAWRB: You’ve revealed your struggles with school and establishing your career as a young woman. What sparked your transformation into the powerful mogul you are today?

Barbara Corcoran: I don’t think there’s such thing as transformation. For me, it happened inch by inch. I had  many setbacks along the way that I got very good at moving forward. I wouldn’t call that a transformation but definitely moving forward, no matter what. I was like many of the entrepreneurs I work with now. We take a hit, but we keep popping back up. We don’t lay low in recovery. I learned how to get back up and move forward. Taking those hits can inspire people to achieve what they want.

NAWRB: At the beginning of your journey, you started your real estate business, The Corcoran Group, in 1973 with only $1,000 to invest in the company. What challenges do you see for women who want to start a business in our country’s current economy, and how can they overcome them?
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