Corporate Relocations
Weichert Relocation Resources, one of the world’s leading global workforce mobility companies, recently announced the findings from its 2013 Employee Mobility Survey – the definitive guide to workforce mobility challenges, emerging trends and best practices for nearly a decade. After gathering input from approximately 200 corporate relocation managers and HR professionals responsible for more than 40,000 annual employee moves, they found that workforce mobility remains a critical strategy for business growth, with 93 percent of companies surveyed expecting their relocation volumes to either increase or hold steady over the next year. This feedback is a strong indication of improving economic confidence and anticipated business growth.
Industry News
The latest industry news offers an encouraging outlook for homebuyers and sellers:
- U.S. home resales rose in April to the highest level in nearly three and a half years, said the National Association of Realtors.
- The Commerce Department said sales of new homes rose in April to the second highest level since the summer of 2008; the median price for a new home hit a record high.
- Home prices posted their highest year-over-year gain since February 2006, according to the latest housing data from CoreLogic.
- Americans’ confidence in the economy jumped in May to a five-year high, according to the Conference Board.
According to Fannie Mae’s most recent monthly survey, real estate has continued to improve, and people are noticing. Record highs were reached during May in three survey categories. Specifically, the share of respondents who say now is a good time to sell a home was 40 percent, compared to only 30 percent in April and 16 percent one year ago. In addition, the number of people who say it is a good time to buy a home moved up 5 percentage points from April to a survey high of 76 percent. Lastly, respondents’ average 12-month home price change expectation also reached a survey high in May.
