Corporate housing Update

Corporate Relocation Data Updates

It’s that time again, and those eager to make the most of their participation in the CHBO Certified Program will want to have key points about the whole corporate rental market. A good source and one we turn to time and again is the annual Corporate Housing Provider’s Association report, and in a previous assessment of it, we looked at the topic of relocation specifically. Let’s do that again and gauge any recent changes, and how those might affect clients considering the use of the CHBO Certified Program for standard corporate rental options and relocations. First and foremost was...

Divorced And Can’t Sell Your Home – Corporate Housing May Be the Answer

In the TV Land series, Happily Divorced, starring Fran Drescher, the characters are forced to continue living together even though they are going through a divorce because they can’t sell their home.  Even though this is a television show, there is some truth to the situation. Divorced couples are faced with tough choices when it comes to moving on and dividing up property. In the current housing market, some separating couples are finding it difficult to sell their homes quickly and do not have the financial freedom to carry homes or move into new houses before the divorce is...

Temporary Housing Sees Boom As Americans Go Where the Jobs Are

The declining housing market is definitely a large part of the troublesome economy, but one part of the housing market that is seeing a boom is the corporate housing sector. Americans are beginning to face the facts and are relocating for jobs or traveling to cities where they know they will find more work. Because it is difficult to sell their homes and purchase a new home in the city they are moving to, corporate housing has become an option – even the key solution – on both ends of the spectrum. “Homes are the burden around their necks...

Executives Willingness to Relocate Trumped by Economic Fears

A study released by Korn/Ferry Institute earlier this year reported that a whopping 82% of global executives are willing to relocate should the right career opportunity come along. Most of these respondents cited “career acceleration” as the top reason to move, while half said the “quality of life” in a new location was the next motivating factor. With executive-readiness to move these days, we wondered what might be holding back this kind of relocation expansion. As ready to move as execs say they are, the truth is there are often a lot of factors that hold people back, including:...