Back in October, 2007, the article in our newsletter titled “What’s happening with market?” discussed the beginning of the real estate market slowdown and why. The article noted one reason for the slowdown in our area was the reduction of corporate relocation of employees. I just recently came across information in an online real estate news magazine that gives more insight into the state of corporate relocation.
The article notes when the economy tightens, decision making changes. Corporations look for ways to orchestrate moves that are more efficient, to create programs that are leaner relative to benefits available to those being transferred, and to be sure that there are compelling reasons relocation is warranted. Moves must be imperative rather than discretionary. (more…)