How to help sellers get the most for their home | Law supersedes seller confidentiality requirement in Code | Professor: 4-step system distills lessons from failure
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Professor: 4-step system distills lessons from failure Failure evokes painful emotions that can cause people to avoid analyzing and learning from mistakes, Harvard Business School professor Amy Edmondson says. Business leaders' top job should be to normalize failure and its discussion, notes Edmondson, who details a four-step process: persistence, reflection, accountability and apology. Full Story: Harvard Business School Working Knowledge (9/5)
Peacock's key to reducing churn is email marketing Peacock is sending three to five emails a week to its users in an effort to reduce churn. The messages, which Peacock customizes for at least 500 audience segments, recommend programs that customers might find interesting. Full Story: Marketing Brew (9/5)
Real Estate Trends
Why mortgage rate waiting game may be wrong for buyers Prospective home buyers should not wait for mortgage rates to drop due to several factors, including the possibility that rates could potentially rise even further, missing out on a dream home and the availability of refinancing options in the future. Full Story: CBS News (9/6)
Poll: Climate risk a meaningful factor in home choice According to a recent survey by Zillow, the majority of U.S. home buyers are considering climate risks like floods, wildfires and extreme temperatures when looking for a new house. While these climate concerns are not usually deal-breakers, they are influencing buyer attitudes. Full Story: Insurance Journal (9/6)
Photos: NYC residential tower makes progress The facade is nearly done at 312 West 43rd Street, a 33-story residential building in Midtown Manhattan developed by Taconic Partners and National Real Estate Advisors. This article includes pictures and notes that construction is scheduled to conclude in the fall of 2024. Full Story: New York YIMBY (9/6)
Fair & Equitable Housing
Teachers priced out of housing market in some areas The struggle of this Colorado teacher to make ends meet exemplifies the challenges educators face in areas where prices have put buying a home out of reach. Full Story: EdSurge (9/6)
Legislation & Regulation
Banks grapple with challenges tied to real estate exposure After roughly doubling lending to landlords between 2015 and 2022, banks are facing challenges as real estate markets and property prices adjust to a changing environment. Banks' exposure to commercial real estate totals $3.6 trillion, about one-fifth of deposits, according to a Wall Street Journal analysis. Meanwhile, property sales declined 74% year over year in July, and downtown office buildings traded at the slowest pace in at least 20 years, MSCI Real Assets reports. Full Story: The Wall Street Journal (9/6)
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