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Featuring Tom Basden, Executive Producer, Writer, and Actor; James Griffiths, Director, Executive Producer, Tim Key, Writer, Executive Producer, Actor and Carey Mulligan, Executive Producer, Actress. Moderated by Brendan Vaughan, Editor-in-Chief, Fast Company
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E-Commerce
Want more housing market stories from Lance Lamberts ResiClub in your inbox? Subscribe to the ResiClub newsletter. In the past few years, the housing market has experienced a lock-in effect, in which many homeowners with lower monthly payments and mortgage rates (some even below 3%) are unwilling to sell and purchase another home with a significantly higher monthly payment and mortgage rate. Last year, researchers from the Federal Housing Finance Agency estimated that the lock-in effect had resulted in more than a million “lost” home sales. But what mortgage rate would it take for homeowners to consider moving? ResiClub aimed to find out with the ResiClub Housing Sentiment Survey. In total, 650 U.S. adults participated in the survey between February 21 and March 4, 2025. We asked U.S. homeownersexcluding those who said they “plan to never sell” or “would pay all cash” for their next homewhat the highest mortgage rate is that they would accept on their next home purchase. Only 16% of homeowners said theyd accept a mortgage rate up to 7% on their next purchase. Just over half of homeowners (54%) said theyd accept a mortgage rate up to 5.5% on their next purchase. Our biggest regret with this survey question is that we didnt start conducting it quarterly or semiannually back in 2022. Our hypothesis is that, over time, as mortgage rates have remained higher for longer than consumers expected, the mortgage rate that potential homeownerswho are selling to buyare willing to accept has been rising. Some homeowners are realizing that sub-4% mortgage rates arent coming back anytime soon. And as they experience more lifestyle changes (like having more kids) and see increases in their incomes, their personal switching costs are shifting. Some are beginning to recognize that theyll need to make a move at some point. That said, homeowners arent going to sell and buy something new if they cant qualify for or afford their next mortgage at current rates. And many homeowners who have the itch to move have come to realize they fall into that camp. That raises the question: Where do U.S. consumers think the average 30-year fixed-mortgage rate will be at the end of 2025? The majority believe it will stay at 6% or above: 4% of U.S. adults said 7.5% 9% of U.S. adults said 7.0% to 7.5% 34% of U.S. adults said 6.5% to 7.0% 39% of U.S. adults said 6.0% to 6.5% 10% of U.S. adults said 5.5% to 6.0% 3% of U.S. adults said 5.0% to 5.5% 2% of U.S. adults said under 5.0%
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E-Commerce
Feeling burned out? It could be costing your company millions of dollars each year in lost productivity and employee turnover. A new study in the American Journal of Preventive Medicine estimates that employee burnout in the U.S. costs somewhere between $4,000 and $21,000 per worker per year. Do the numbers, and that adds up to about $5 million per year for a company with 1,000 employees. (Another way to look at it: Employee disengagement, or burnout, can cost 0.2 to 2.9 times the average cost of health insurance, and 3.3 to 17.1 times the cost of training per employee.) The research is based on a computational simulation model developed by the Public Health Informatics, Computational, and Operations Research team based at the CUNY Graduate School of Public Health and Health Policy, working with researchers from Baruch College, Johns Hopkins University, and the University of San Diego Knauss School of Business. The model works by simulating how an employee fares at different stages over timefrom active engagement to disengagement and burnoutbased on stressors the employee encounters both in the workplace (workload, community, control, rewards, fairness, and value) and outside work (family, cultural and psychological environment, finances, and health). It even looks at how a freelance or hourly employee would do versus a salaried one. The team then ran the model to estimate the resulting cost of employee productivity losses to employers. It found a nonmanagerial hourly worker going through burnout would cost an employer on average $3,999. That average cost rose to $4,257 for a nonmanagerial salaried worker, $10,824 for a manager, and $20,683 for an executive. According to the Mayo Clinic, job burnout is defined as a type of stress linked to work. It includes being worn out physically or emotionally, and may involve “feeling useless, powerless, and empty.” While burnout isn’t a medical diagnosis, it can raise the risk of depression and has been tied to anxiety. A lot has been written about the health consequences of employee burnout, but less has been written about the financial effects. “Our model quantifies how much employee burnout is hitting the bottom line of companies and organizations, Bruce Y. Lee, CUNY SPH professor and senior author of the study, said in a statement. Therefore, it can give companies and organizations a better idea of how focusing more on employee well-being could help decrease costs and increase profits.”
Category:
E-Commerce
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