New York City’s economy saw the lowest job growth in 2016 than it had in the last five. The City has seen significant job growth in television, film, construction and tech industries.
But employers in these industries mostly hire independent contractors (i.e., television, film and tech) and skilled labor (i.e. construction), and the jobs created are often short-term.
Can New York’s real estate economy thrive with a work force employed as Temps?
As New York City continues its residential construction boom, existing demand for new development can’t consume the growing inventory of vacant units available.
And with more units slated to arrive in the next 12 to 18 months, rent concessions are squeezing profit projections for new developments yet to come to market.
Will New York City tax payers bail out developers by covering their bad real estate bets?
Amazon has been called a “Category Killer” because of its impact on the retail sector of the economy. From Macy’s to your neighborhood supermarket, “brick and mortar” retailers are seeing their margins squeezed due to Amazon’s business model.
With more New Yorkers shopping online and store rents rising, more store closures and job loses are in the City’s immediate future.
Will New York’s shrinking retail sector lead to higher retail store vacancies and lower rents in the next 12 months?
In response to business activities prohibited in the Federal Anti-Kickback rules, the Consumer Financial Protection Bureau is going after Mortgage Lenders, Title Agents and Real Estate Agents for customer lead referrals.
Will the customer lead referral arrangements you have with other professionals expose you to legal scrutiny by CFPB?
Real Estate Agent Trolls Celebrity on Twitter and Gets Fired (and Faces Legal & Regulatory Consequences)
Tony Burst, an agent in Jim Maloof/Realtors office in Pekins, Illinois, was fired for trolling Emmy winning comedian Patton Oswalt on Twitter after the celebrity tweeted his support for acting Attorney General Sally Yates after she was fired by President Donald Trump.
The tweet that led to Tony’s termination involved disparaging remarks about the comedian’s recently deceased wife, all while tweeting his ardent support for President Trump under the #MAGA hashtag.
While Jim Maloof, the owner of Jim Maloof/Realtors, did act quickly by terminating Tony Burst, the damage to his company’s reputation had been done.
Do you have a social media company policy for associates to follow to avoid/limit any repercussions caused by their activity on social networks?
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