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2017 Housing Market Snap Shot

Every year, Zillow conducts research to predict the top ten housing markets for the next 12 months. Real estate experts consider home values, unemployment rates, and income growth before making the top ten list. This year, most of the list is comprised of western cities but 2017’s number one “hottest housing market” is Nashville, TN.

Oh No! It’s a Blizzard and Today is My Moving Date

Snow, cold, and ice add stress to our day to day lives without adding a move on top of it. But life doesn’t stop because the weather gets bad and so it’s important to know how to keep everything under control during a move, especially when that move is on a work timeline. Obviously, in extreme conditions, such as a blizzard, it is very possible that your transferee’s mover will have to postpone pickup and/or delivery. Safety is always priority number one for both employee and vendors working with them. However, winter moves are not uncommon and there are certain things that can be done to make sure they run smoothly.

Employee Retention Pitfalls after Relocation

We’ve talked quite a bit on this blog about payback agreements. Oh, the payback agreement. We both love it and hate it at the same time. Is it a necessary evil? Perhaps. We certainly don’t believe that companies should spend thousands, if not hundreds of thousands, of dollars on a relocation if there is a risk that the transferee will resign before the contracted period is up. Putting aside financial concerns for just a moment, however, I think we need to take a closer look at why payback agreements are so prevalent (94% of companies require them) and if there is a better, more effective way to ensure that talent stays on board after a transfer or assignment.

Transferee Tax Filing Tips

Tax season has arrived. It is both a headache and a relief for some people as they stumble around the rules and regulations of tax laws, exceptions, deductions, and write offs, hoping for a big return. Obviously, it’s important for everybody to take care when filing their taxes but it’s especially important for recently relocated transferees to understand exactly what their work related move entails in terms of filing. The best advice I can offer is to have your transferee speak to a professional tax consultant to ensure everything is filed correctly, but there are several tips, tricks and reminders that I can offer right now.

3 Things Your Homeowner Transferees Need to Know Before Closing

It’s no secret that the home sale/home buying process is the most stressful part of relocation for transferees. It is not uncommon for home buyers to breathe a sigh of relief once an offer is accepted but unfortunately at that point, the process is still far from over. Every closing is different. Some are formal and drawn out and others are more swift and simple but there is one thing for certain, there are a lot of factors to keep in mind in the days and weeks leading up to it.

New York’s Second Avenue Subway is Open! What Does This Mean for Renters?

I may not live in New York City, but I’m still a New Yorker at heart and that means that I fully understand how vital the New York subway system is to both its residents and its visitors. It transports nearly six million people every single day! It was no surprise that New Yorkers cheered for joy when the mythical Second Avenue Subway finally came to life on New Year’s Day. But will this long awaited track lead to a major increase in rent?

The Benefits of Relocating Transferees in December

I know that your busy relocation season is usually over the summer. Your transferees’ kids are out of school, so moving them to a new city is easier without having to pull them from the middle of a school year. But companies change and grow all year long.  Business doesn’t stop because of winter weather or holidays – at least not for more than a few days. While your company may not relocate quite as many people over the winter months and the holiday season, that doesn’t mean you don’t have transferees mid-move, looking for a new home in a new city. Luckily, there are several benefits to both relocating and buying a home at the end of the year.

3 Ways to Help a Homesick Transferee

If you have moved a lot of transferees, or have had the experience of working closely with one, you should know that they are going through a major transition. Even the most positive of transferees go through bouts of homesickness, or general emotional discomfort, as a result of rapid changes and unfamiliar territory. Feeling homesick is a perfectly normal and almost always inevitable.

Happy Thanksgiving!

Happy Thanksgiving from us here at XONEX to you and yours! Thanksgiving is a time to be grateful for what we happy-thanksgiving-pnghave and to help those that may not have quite as much. It is also a time to feast and over indulge on traditional meals and desserts.

 
But being in the relocation industry, we know that not everybody will be home for the holidays this year. Some of your expats may be trying to celebrate and honor their American traditions abroad while others will be embracing their new culture and making compromises. Either way, we hope that your transferees, whether at home or abroad, will enjoy their holiday season in their new surroundings as well!

Millennials and the Housing Market

I started looking into buying a home when I realized that I was paying in rent for a two-bedroom apartment more than I would pay in a mortgage for a three-bedroom house with a yard in a better neighborhood! A few people told millennials and the housing marketme that I was perhaps a little too young to buy a home. I am an infamous millennial and recent trends have shown that adults my age have been putting off home ownership. But times are changing (again). In fact, research from Zillow shows that millennials are actually driving and diversifying the housing market across the nation.

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