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Relocation Industry Trends

Relocation Industry Issues and Trends

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.

5 Marketing Strategies for Your Mobility Program

Why You Really Need to Review Your RMC

“If it ain’t broke, don’t fix it!”  That’s how the expression goes.  But, it’s time to evaluate the definition of broken.  I’m willing to bet that there are a number of factors why you have postponed reviewing the job your relocation management company is doing.

Real Estate Round Up

Ever since I began working in the relocation industry, I’ve had a deep fascination for all things real estate. Makes sense if you think about it, right? We help transferees move all over the world! Selling and buying (or renting) a home is obviously an integral part of the relocation process and so I like to keep up on real estate trends both in the country and out. I typically like to choose one specific topic to share my take on but this morning, during my daily scour of the New York Times, I found too many great articles offering amazing advice and insight. So rather than share my take on one, I’ll just share the articles themselves.

Tips for Managing Summer Relocation Stress

It’s that time of year again – the middle of the busy summer moving season. We can sort of (maybe, kind of?) see the light at the end of the tunnel of the busy season but stress is still high from all the moving volume. Of course, we love what we do. But, by this time, a moment to catch our breath is a welcome treat. 

XONEX Relocation Places in HRO’s 2017 Baker’s Dozen


XONEX Relocation is proud and honored to announce that we placed on HRO’s Baker’s Dozen list for relocation services for 2017 and were ranked 3rd for Quality of Service! This list is ranked solely based on feedback provided by the buyers of relocation services specifically. HRO collects feedback annually through an online survey, which the magazine distributes both directly to buyers through their own mailing lists and indirectly by sending service providers the link to send to their clients. The
survey covers three subcategories including service breadth, deal sizes, and quality. Once collected, response data are loaded into the HRO Today database for analysis to score each provider that has a statistically significant sample.

 

At XONEX, our clients are not just clients, they’re partners in this business and we are so grateful to work with so many incredible companies. Without you, we wouldn’t be the company we are today. Thank you so much for your support and your business!

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.

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.

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MIKE CANNING
VP, Client Services

RICK CALANNI
VP of Business Development Northeast Region

 

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