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Worst Subway sandwich? Home sales up; WFH WAR 🥊

By July 23, 2021 No Comments

Mean Subway survey; Here’s why the Internet broke yesterday

Imagine running a survey on a company asking people to tell you the thing you hate about it the most? Seems unnecessarily cruel, considering you can simply ask everyone what their favorite thing is and still get the same result.

But that didn’t work for Mashed when they decided to go after Subway sandwiches.

“We polled 594 Subway sandwich eaters in the U.S. to find out which sub they considered to be the worst on the menu. The Italian B.M.T. was disliked by the fewest people with 4%, while neither the All-American nor the Spicy Italian had too many haters either, with both coming in at around 5%.

 Coming in at the middle of the pack was the Black Forest Ham with 7%, and Meatball Marinara at almost 11%. And over 28% of respondents found the Veggie Delite to be less than delightful. The clear winner, or rather loser, with almost 40% of pollees giving a big thumbs-down, was Tuna.”

Do you want to know what else isn’t working for people? The Internet.

In what feels like a more and more common problem, something broke online again.

No, it wasn’t a cyberattack (we think) as several major websites, including some in our space, went down yesterday due to a failure of Akamai’s Edge DNS service. 

Not only were the websites of airlines down, but also personal financial services and even Salesforce.

Also impacted were Fidelity, PNC and Chase, as well as several credit card providers.

This is similar to the Fastly CDN outage that brought down a number of major websites last month, including Amazon, Reddit, Twitter, and Spotify.


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More good news: Home sales are trending up!

Recently Rise&Shred noted a rise in home listings and a drop in mortgage rates.

Well, we have some more good news! 

Sales of previously owned U.S. homes rose for the first time in five months in June as housing inventory improved slightly, illustrating the strength of housing demand.Contract closings increased 1.4% from the prior month to an annualized 5.86 million, according to National Association of Realtors data released Thursday. The June pace was in line with the 5.9 million median forecast in a Bloomberg survey of economists.

The improvement in sales suggests underlying demand for homes remains robust despite surging prices and still-lean inventory that have curbed sales in recent months. While the number of homes for sale picked up slightly in June, the lack of supply remains an ongoing headwind. As a result, prices are skyrocketing. The median selling price was up 23.4% from a year earlier to a record $363,300 last year.

Builders are grappling with elevated materials costs, supply shortages and hiring challenges. 

Backlogs continue to grow. 

Applications to build dropped to an eight-month low in June, and even among the new homes sold in May, construction had yet to even begin on more than a third of them. There were 1.25 million existing homes for sale last month, the highest since November yet down 18.8% from a year ago.

At the current pace, it would take 2.6 months to sell all the homes on the market. Realtors see anything below five months of supply as a sign of a tight market. In one clear example of the current housing frenzy, properties remained on the market for just 17 days on average in June, matching the fewest on record. Nearly 90% of the homes sold were on the market for less than a month, the NAR said.


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Work From Home goes to war

The percent of employed persons working at home nearly doubled during the COVID-19 pandemic in 2020, rising to 42 percent, the U.S. Bureau of Labor Statistics reports. In our neck of the woods, the number is not going down as the same data shows about half of our industry (finances) is still WFH.

Something’s got to give and it’s part of a larger discussion on how sustainable is WFH?

Here are some of the leading issues on WFH. At the heart of the matter is this: Get your WFH policy together. You don’t want to be like Apple which is facing a series of negative commentaries based on its WFH policies.

“Apple stood its ground last week in the face of employee protest against its new requirement that they work from home only two days a week. Both the policy–which came directly from CEO Tim Cook–and Apple's comments about it betray a striking lack of emotional intelligence. That's a bad idea in today's tight labor market. The approach is one no small company or startup can afford to take,” grips this Inc. op-ed.

While it seems strange to read content from people with great jobs complaining about their great jobs, the observations deserve consideration.

Why? 

There are millions—literally millions—of workers out there who just discovered that their jobs can, in fact, bedone from anywhere. And they’re determined to keep it that way. In a Fast Company survey, only 12% of U.S. respondents said they wanted to go back into the office full-time, and nearly half of those would even take a pay cut to be able to work from home.

What’s more, this VOX article makes the argument that companies that make people return to the office will lose employees.

What is certain is that more people will work from home than ever before, and this shift has the potential to disrupt everything from physical office space to the way people feel about work. And as US companies face a hiring crisis, companies that don’t offer remote work could find themselves at a significant disadvantage when it comes to recruiting new talent.


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