How to Play the Just Right Market

Too hot, too cold, too hot. For more than a 150420_REA_spring_main_realestatehouse2decade the housing market has been nowhere near its Goldilocks moment, a just-right rate of growth that offers opportunities for both buyers and sellers. By certain markers, we’re finally starting to get there: Home prices nationwide are expected to rise 4.9% on average this year, according to the National Association of Realtors (NAR). That’s closer than we’ve been in a while to the long-term average of 3.3%—and a lot more manageable than either the sharp drops of the bust years or the 12% spike we saw in 2013.

What does it all mean for you? If you’re a buyer, you don’t have to worry as much today about being priced out in a bidding war or by all-cash offers. Sellers who didn’t have enough equity in their homes just a few years ago to justify a move could find themselves in a much better position now. And renovators can still get low rates on home-equity loans and lines of credit. In short: If you’ve been sitting on the sidelines, this may be the time to act—or at least to do some serious number crunching.

Click here to read the full story.

Tagged , , ,

10 Life Hacks That Will Make You Richer

Picking up new skills as an adult 150302_HO_LifeHackscan be tricky, especially when your energy and free time is precious. But prowess in different areas is not all created equal. Investing in certain abilities can get you big rewards for relatively little effort. MONEY interviewed dozens of experts in different fields to find out which skills, tricks, and workarounds are most financially worthwhile.

Click here to read the full story.

Tagged , , , ,

Shifting From Buddy to Boss

Right after you celebrate that well-earned pcr1_15promotion, reality hits: You’re now the boss of people who had been your peers. “When you become a supervisor, the relationship structurally changes, whether you like it or not,” says Good Boss, Bad Boss author
Robert Sutton, a Stanford University professor who studies organizational behavior.

Going forward, your work will be judged on your ability to lead people with whom you used to consort and complain. If that’s not enough pressure, you’re now at risk of being the one complained about. Make the transition seamless with these steps.

Click here to read the full story.

Tagged , , ,

How to Take Advantage of Your Boss’s Biggest Fear

Star performers, rejoice. This is your year.goldfish jumping out of the water More than three-quarters of human resources executives polled recently by Challenger Gray & Christmas report that they are struggling to fill open positions—and 91% say that if the economy keeps expanding at its current rate, the war for talent will worsen. Unemployment is in fact expected to continue its slow creep downward in 2015, to 5.7% from 5.9% this September, according to the Philadelphia Federal Reserve’s most recent forecast.

That means bad news ahead for employers but good news for top producers, who will have real leverage in the coming year. Turnover costs are especially high for positions that are significant contributors to revenue—sometimes 200% of a worker’s salary. So it’s no wonder that 57% of the 4,700 companies surveyed in PayScale.com’s recent “Compensation Best Practices Report” cited keeping high-performing workers as a top business concern, up from 20% in 2010. “Just about every HR department should be discussing talent retention,” says David Card, director at the Center for Labor Economics at the University of California at Berkeley.

You can turn your boss’s anxiety to your advantage. Click here to read the full story.

Tagged , , ,

How to Compete for an Out-of-Town Job

Three out of four hiring managers recently 141121_PCR_BetterthanLocalsurveyed by Challenger Gray & Christmas reported a shortage of local talent. So theo­ret­ically you could have better luck finding the job of your dreams if you’re willing and able to move.

Problem is, many companies are hesitant to hire out-of-towners because of concerns over relocation, money, and local knowledge. But you can put hiring managers at ease by preemptively addressing three key issues in your application.

Click here to read the full story.

Tagged , ,

MONEY’s 2014 Best Places to Retire

Thinking about retiring to sunny Florida? 141031_lede_1Or maybe Arizona? Well, prepare yourself: This year’s Best Places to Retire list may surprise you. None of the typical beach-and-golf spots appear here. The reason is simple. Most popular retiree destinations score surprisingly low in the factors that help guarantee a secure retirement.

Yes, that means focusing on some cold spots, but it seems safe to bet that, for many retirees, financial security still trumps weather. Plus, what better way to use the money you’ll save living in these affordable towns than on a tropical winter vacation?

Click here to read the full story.

Tagged , , ,

How to Ace the New Job Interview

Planning your next big career move? 141001_FT_JobInterviewGet ­
going. Job openings climbed to 4.7 million in June, the highest level since 2001, reports the Bureau of Labor Statistics. And in a recent survey by Challenger Gray ­& Christmas, 77% of hiring managers reported trouble filling slots because of a talent shortage.

To succeed in this sunnier market, though, you need a firm grasp on today’s hiring process, one that may be far different from what you faced the last time you hit the circuit. For starters, businesses are going slow, spending an average of 23 days to fill a slot in 2013, vs. 12 days in 2010, according to employer review website Glassdoor. And many are replacing antiquated hiring methods with more offbeat ways to vet job seekers.

“Companies are finding traditional job interviews aren’t identifying the high-quality candidates they need,” says Parker McKenna of the Society for Human Resource Management. Numerous academic studies have unearthed flaws in the process. A 2013 one co-written by psychologist Jason Dana at the Yale School of Management found that many hiring managers are mistakenly overconfident in their ability to assess how well a candidate will perform through a one-on-one interview. To get an edge on your competition, you should prepare for four types of tests.

Click here to read the full story.

Tagged , , ,
Follow

Get every new post delivered to your Inbox.

Join 28 other followers