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The changing face of relocation

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Faced with the possibility of a job transfer to another city? Don't be surprised if the first thing that crosses your mind is whether you'll lose money on the house if you moved -- rather than how the change of location might impact your family. That's because real estate is driving many employees' relocation decisions these days, according to businesses and trade groups that study the ins and outs of moving workers from one place to another. In 2008, companies reported that more employees than ever turned down relocation, and their principal reason was because of the situation in the housing market -- the first time in management surveys that real estate worries trumped family concerns, according to Atlas Van Lines. "Depreciation in real estate, for the current home that folks own, is now one of the biggest challenges for companies, in terms of an employee accepting a transfer offer or not," said Scott Sullivan, executive vice present of Brookfield Global Relocati...