Recent Tweets

Follow Me on Twitter

Powered by Twitter Tools

Spring is Coming!!!

The Spring Market is Coming!

In years past, we have written blogs about Spring cleaning and preparing homes for a brisker housing market.  This year, all signs are pointing to a stronger market than in the past several, with more options for a more motivated set of buyers.

 

The whys:

Fewer Under Water Sellers:  As the housing market improves the number of people owing more on their home than its current value is decreasing.  According to CNBC, Americans today have three trillion dollars more equity than they did when the market last bottomed out in 2012.  People are no longer trapped in a home that they cannot sell without bringing money to the closing.

Housing Starts Are Sporadic: As more and more markets recover, the number of available existing homes competing for home purchasers increases, cutting into demand for new options.

Interest rates will likely be rising: One thing that has been largely missing over the past several years has been urgency to take advantage of remarkably low mortgage interest rates.  With no increase on the horizon and uncertainty in the market place, there were more tire kickers than trigger pullers.  With the rates likely to rise, and the economy showing positive signs, this has all changed.

Rental Rates are Still Rising: According to Apartment List, rents are up month-over-month in 57 of 100 largest cities. As they rise, it is making more and more sense to buy, where your monthly interest is still deductible and your monthly payment stays constant.

While the market is improving, it is impoHome Garden Imagertant for home sellers to do their homework and not test the waters too high for too long.  Today’s buyers are savvy, with more on-line tools to get a good overview of each market.  As a buyer, you too will need to be on top of things.  Today’s homes that are priced appropriately will sell fast.  Be ready with a mortgage pre-approval and a good understanding of what your payment will be for any given price and the monthly cost per $1,000 increase in mortgage amount.

If you are a transferee, make sure your Realtors at both ends are responsive and forthcoming with actionable information.  Home buying and selling can be very stressful.  But, the better prepared you are, the quicker you can get through it and focused on the next adventure!

Merry Christmas!

Trees are up, candles are lit and lights are flickering about town. It’s that time of year again.DSC_0012-300x200

From all of us at XONEX Relocation, we wish you all a very happy holiday season and a fantastic New Year!

This Week’s Blog Roundup

Every week, we like to share tips, tricks and resources for HR and procurement regarding real estate, relocation, industry trends and/or transferee relations. But sometimes, there are so many amazing blog posts from our friends around the Internet that it just makes more sense to share a collection with you so that we can touch on all of the most important points from the week. I scour several blogs and papers each and every morning and below, I’ve included some of my favorite reads from this week.

Three Tips to Manage Stress at Work

There are a lot of amazing things about this time of year; holiday parties, family time, festive food, you get the drift. But, while all is merry and bright outside the office, HR often feels swamped and extra stressed as we near year-end so today, I thought I’d send you folks in HR some extra TLC and offer a few tips to manage stress at work as we wrap up 2017.

Technology is not Always the Answer

Our industry has had its share of buzz words and trends that grab the spotlight and dominate the conversations about mobility each year. Some of my all-time favorites include the historical “Single Point of Contact,” “Big Data” and most recently, the industry’s strategic pseudonym, “Talent Mobility.” These days, the topic at hand is “customer experience.”

How to Celebrate Thanksgiving Abroad (Thai Style)

With the holiday season upon us (as crazy as that may seem), I know we are all excited to spend time with family and enjoy our favorite traditions. However, in our industry, we know that not everybody will be able to indulge in homethanksgiving in thailand country festivities. Many people are preparing to spend the holiday season abroad. The expat holiday experience is a unique one and with Thanksgiving just a week away, I wanted to revisit a story from my first year at XONEX, the same year that a good friend of mine spent her first Thanksgiving in Thailand as an expat.

How to Explain Delivery Spreads to Your Transferees

Aside from selling their home and finding a new one, the household goods moving process is the most stressful aspect of your employees’ relocation process. There are a lot of details and steps involved in ensuring the move goes smoothly and in a timely manner. While your relocation provider will spend time explaining each step, should the household goods move be included in the transferee’s policy, it is always a good idea to provide your transferee with as much helpful information as possible as the employer as well. The purpose is to manage expectations, especially during the height of the busy moving season. One of the biggest issues people tend to have regarding the household goods move is the concept of a delivery spread. So what exactly is a delivery spread?

Do We Really Need That Anymore?

Every so often we go through an exercise where we look at our processes and ask ourselves why we do the things we do and why do we do them that way.  In one of our recent exercises we looked at our photo copier. In its prime the behemoth energy sucker sat in the corner and clanked and clicked its way through hundreds, even thousands of pieces of paper and pounds of toner in a day.  However, as we become more and more immersed in a digital and eco-friendly world, the continual whirl and occasional frustrated user clearing a jam, has died down to the point where occasionally someone will ask, where do we keep the copier.  Today, I can proudly respond, “We don’t have one!” 

5 Marketing Strategies for Your Mobility Program

How to Make the Most of Your Global Mobility Program

Let’s face facts: the majority of today’s relocating population fall into the millennial category. This generation is more open to the idea of not only relocating for the right job, but relocating abroad for said job. This fact, coupled with today’s perceived talent war/scarcity, is one of the reasons it is vital for companies to offer quality global mobility programs and it’s important to address both the needs of the employee (of course) as well as the company as a whole. Global programs require extra attention as you’ll need to consider tax and employment law compliance in addition to the standard relocation benefits.

Search

MIKE CANNING
VP, Client Services

RICK CALANNI
VP of Business Development Northeast Region

 

Site Tags

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |