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Relocation Industry Trends

Relocation Industry Issues and Trends

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.

Where Has the Human Side of Business Gone?

It’s been a long time since I’ve written a blog post but, today, I want to talk about change. As anyone in relo knows, this industry changes often, sometimes overnight, as the world fluctuates around us.

I’ve been in the relo business now for over 30 years and have certainly seen many changes, some good and some very hard. As Disraeli’s famous quote goes, “Change is inevitable. Change is constant”.  It is undeniably a true statement.  Change is how we grow, evolve and get better.

It’s a Seller’s Market, Buyers Just Live In It

It’s almost that time, the busy summer moving season. In just a few short weeks, transferees around the country will Seller's Marketbe packing up their homes and preparing to go through the relocation process. With a solid program and help from a quality Relocation Management Company, the process should be relatively seamless and smooth but the home finding/buying step is always a little stressful. Unfortunately, this year may be even tougher because in many parts of the country, there is a lack of homes for sale. Because of this, it’s really important to provide as much support and as many resources as possible for your transferee, especially if they happen to be buying for their first time.

XONEX Relocation Places in HRO’s 2016 Baker’s Dozen

The HRO Baker’s Dozen list is ranked solely based on feedback provided by the buyers of the rated services. The ratings are not based on the opinion of the HRO Today staff. HRO collects feedback annually through an online Baker's Dozen 2016survey, 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.
XONEX Relocation is proud and honored to announce that we placed on the list for 2016. 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!

United Van Lines 2015 Migration Study

 

For nearly four decades (39 years now), United Van Lines has conducted an annual survey to discover migration patterns from state to state across the nation. Each year, new patterns form, old patterns repeat, and we learn more United Van Lines Migration Studyabout why and where people are moving throughout the country. In the 2014 survey, Oregon held the title for “Top Moving Destination” for the second year in a row while the northeast experienced quite an exodus for reasons such as retirement and relocation (though in my opinion, it’s the cold that pushed people away). Now that 2015 has come to a complete close, it’s time to see what, if anything, has changed.

Is the Housing Market Bubble Back?

I realize this is a loaded question to ask, considering people from certain parts of the country are still trying to bounce back from the early 2000’s. Things just started looking up, but could there really be another housing bubble coming? According to an article on Zillow, it doesn’t appear that the US as a whole is in any major trouble, at least not in the next five years or so. However, experts say that some markets, including New York and San Francisco, are already in a bubble. Additionally, some experts predict that Boston, LA, and/or Miami may enter a bubble within the next three years. So, how are these predictions made and what exactly does it all mean?

Free Whitepaper: 10 Temporary Living Rules to Live By

We’ve been talking a lot about temporary living lately – and with good reason. As we know, temporary living is one of the bigger line items in the relocation budget.  Employers, capped-budget transferees, and even those who really do care how much their move costs their company (yes, some really do!) can find themselves sticker shocked from temporary living totals.

Fannie Mae’s New HomeReady Mortgage Program

The one thing everybody knows about the housing market is that it is constantly changing and evolving. Buyer’s markets turn into seller’s markets, and vice versa, over time. Home values increase and decrease based on several different factors. A mortgage rate update from a week ago is totally irrelevant today. Recognizing this, Fannie Mae is revamping a mortgage program in an effort to better serve today’s realities.

Three Moving Lessons from the Busy Summer Season

When a company works with a quality relocation management company, HR can rest assured that their transferees are well taken care of. However, that doesn’t mean that your company’s gatekeepers are totally off the hook. When it comes to relocation benefits, there is no one size fits all package, which means exception requests are bound to happen. Aside from selling and buying a home, the physical household goods move is the most stressful aspect of a relocation for your transferee. We are almost out of the woods with 2015’s busy moving season, so I figured I’d share some of this year’s biggest takeaways.

Happy Labor Day!

In the relocation and moving industries, Labor Day is the first sign of winding down after the busy summer season, but it is of course much, much more than that.

Labor Day is a day meant to recognize and celebrate the contributions that employees have made to the organizations they work for and the communities they live in.

Thank you to all of the XONEX Relocation employees for all of your hard work and dedication to helping our clients and transferees all year round. And thank you to our amazing clients and transferees for making this summer yet another amazing season. We hope everybody has a wonderful, relaxing, and well-earned holiday.

Happy Labor Day!

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MIKE CANNING
VP, Client Services

RICK CALANNI
VP of Business Development Northeast Region

 

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