April 2020 Issue
Is The Boom Over? After a decade of real estate growth, a shaky start to 2020
One billion of anything is a big number in rural northern Michigan.
But $1,026,722,416 was the 2019 dollar volume of homes sold in the five-county area, up from $392 million in 2011. That staggering sales figure serves as a sort of “period” at the end of a decade-long real estate boom throughout northern Michigan, when listings, sales, and sale prices all rose sharply.
In these uncertain times, however, the COVID-19 outbreak has the potential to alter that streak. In early March, Dr. Lawrence Yun, chief economist and senior vice president of research for the National Association of Realtors, said a …
Couples That Work: How Dual-Career Couples Can Thrive in Love and Work
By Jennifer Petriglieri
Published by Harvard Business Review Press, 2019, 251 pages
Reviewed by Chris Wendel
In a nutshell: The changing dynamic of a dual career couple is explored by examining the underlying forces that create imbalances with home and work.
Who’s it for? As the title suggests, Couples That Work is geared toward ambitious professional couples trying to have fulfilling careers while maintain nurturing relationships with their spouses.
Author quote: “It’s about developing the …
'Changing Hourly': Flying high in 2019, airlines' growth has been grounded
In just a matter of days, our ability to move about the globe has been drastically changed. There's a new normal of social distancing and staying at home. While we will miss our friends and family, it is in the best interest of everyone to take these directives seriously.
In today’s environment, it is truly important for us to live smarter. Cherry Capital Airport is committed to keeping you informed of the situation as it …
Right on the Money: Women thrive in male-dominated financial planning field
Women represent between 15% and a third of the financial planners and advisors in the United States. While some studies show that more women are finding their way to the male-dominated field, others indicate that they are also exiting it at a faster rate than their male counterparts. The Traverse City Business News convened a panel of three local female advisors – just as the coronavirus crisis was starting to take hold in Michigan – …
Green Light: Environmentally friendly building becoming the norm
Livwell Homes earned People's Choice in the top price category last year during the Parade of Homes.
When it comes to building, it's now easy being green.
According to the United States Green Building Council, roughly 40% of the single-family house market is made up of green homes and …
A Coronavirus Survival Guide: Potential legal changes affect employers, employees
It’s been a month unlike any other.
On March 16, Governor Gretchen Whitmer signed Executive Order 2020-10, temporarily expanding unemployment benefits. On March 18, President Donald Trump signed the Families First Coronavirus Response Act (FFCRA), effective April 1, 2020 through December 31, 2020, providing paid sick leave and family leave …
Girls + Math + Science = Success
I have spent most of my career in male-dominated fields, having graduated from engineering school at a time when only one out of every four women enrolled would earn a degree. When I entered the male-dominated field of patent law – which requires both law and science degrees – I …
Now is the Time for Bold, Locally Led Action
We need to get creative.
We are living through an incredibly stressful and unpredictable moment in history. The novel coronavirus, COVID-19, has swept across the globe, causing a humanitarian crisis and an unfolding economic fallout. Health professionals are fighting to save as many people as possible, and shelter-in-place and self-isolation …
Building Up Women: How a local company is bringing more women to the construction trades
At Windemuller, hiring more women has become a priority in recent years.
Windemuller is a Grand Rapids-headquartered construction company that specializes in electrical work, automation, information technology, outdoor utilities, communications, renewable energy and more. The company has numerous offices throughout Michigan, including one in Traverse City.
The company’s push to …
On Ice: Hot job market catches cold with COVID-19
A cold and blustery day wreaked havoc on recruiters, who filed into the Hagerty Center carrying cumbersome displays and props for the 14th annual job fair hosted by Northwestern Michigan College in early March.
There, a range of employers were hopeful that the job fair would yield potential new hires, …
'Millions of Dollars': New auto insurance law threatens Munson's bottom line
by Rick Haglund
Michigan hospitals – including Munson Healthcare – will likely take a financial hit from a new auto insurance law that will replace the state’s 48-year-old no-fault insurance system.
Meanwhile, it’s unclear how much consumers will save under the new law, which takes effect July 2 and is …