(Aurora, COLO) – Last week at the HARC, ‘The Heart of Relocation Council’ spring meeting, Bill Nemer, Vice President of Graebel Relocation presented ‘Relocation Trends’ to the HARC membership. HARC is a Kansas City-based relocation group and its members are global mobility executives in the Fortune 500.
In his presentation Nemer identified how home sales would remain sluggish in 2011, as fourteen million or approximately one in ten homes in the U.S. will remain vacant according to reports. In other U.S.-related real estate research that he shared with the HARC membership Nemer pointed out that national lending institutions have forecasted an increased number of foreclosures and repossessions year-over year for 2011, because approximately five million mortgages have reached 60-days delinquency.
Nationwide, lenders have reported that 49.6-percent of their total home sale purchases have resulted from distressed sales. Because there is evidence that the federal government may raise interest rates and consequently, this may slightly raise 30-year fixed rate conforming loans to just over 5-percent lenders believe that buyers reluctant to pull the trigger previously may be inclined to jump on the home purchase bandwagon. Additionally, Jumbo mortgage rates are expected to fall and therefore may lead to higher re-financing activity in this sector.
Ten year cost comparisons among new and on-the-payroll employees that rent properties and newly employed versus existing employee homeowners’ were provided to the HARC members. Nemer also illustrated how the top three relocation expenses have changed in the last decade and how loss on sale costs have increased almost four-fold to more than $30,000 U.S. per transferred employee that has experienced a loss on sale.
Nemer’s presentation concluded with industry’s trends that include key relocation and moving policy shifts including benefits associated with home sale and pre-decision programs, employee-incentives and a variety of alternative cost-saving and employee-friendly relocation programs that other corporations have put into motion and have found successful.
About Graebel Companies, Inc.
Founded in 1950, Graebel provides worldwide relocation and move management services, domestic U.S. and international moving and storage services, freight forwarding, and commercial office moving and workplace services. Divisions include Graebel Relocation Services Worldwide, Inc., Graebel Movers International, Inc., Graebel Commercial Services, Inc., Graebel Van Lines, Inc., Graebel Movers, Inc., and Move Management, Inc. The World Headquarters is in Aurora, Colorado and on-the-ground services are performed in 153 countries, and company centers are located throughout the U.S., and in Prague, the Czech Republic, and Singapore. A privately-held company Graebel boasts a strong balance sheet, advanced technology for business intelligence reporting and employs an extensively background-screened and trained employee workforce. Clientele include respected firms in the Fortune 500 and the global 100. Graebel has ranked number one in the HRO Today Relocation Baker’s Dozen for two years running, 2010 and 2011. Among its multiple industry-first innovations was the launch of its industry’s first relocation and move managements apps. To learn more visit: www.graebel.com
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