BrokerageIndustry News

Real estate slowdown shakes up relo benefits

Part 2: Inside look at change in relocation industry

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Editor's note: This three-part series focuses on changing forces and their impact on the relocation industry. Inman News targets three main aspects of change: rising fees and their effect on real estate professionals; the housing slowdown; and how an increasingly global economy is ramping up the relocation industry. (Read Part 1: Relocation fees reach breaking point for some agents and Part 3: Real estate firms cash in on globalization.) A decline in U.S. real estate sales, a moderation in price appreciation and a rise in housing inventory together present a challenge for the relocation industry: Sell houses quickly in markets where houses are not selling quickly. "The most pressing issue of the day is the softening of the real estate market, and directly how that correlates to corporations' ability to relocate people smoothly and quickly," said Scott Sullivan, senior vice president for GMAC Global Relocation Services, a full-service relocation company that serves corporations in ...