We speak with newcomers to Central Iowa on a regular basis, and relocating for a job is one of the primary reasons people relocate here. As we have stressed many times in the past, real estate markets are local and individual regions do not always mirror national trends. However, troubled real estate markets elsewhere in the country have affected Central Iowa as fewer employees have been relocating nationally, and those who do have often been restricted in their ability to purchase a new home here due to difficulty selling in their previous location.

The Worldwide Employee Relocation Council® just released their 2010 member survey, which shows that relocation volume is picking back up again after being lower than average following the recession. Companies surveyed reported the volume of employees they relocated between 2009-2010 increased 15%. Respondents also anticipated they would transfer approximately 10% more employees in 2011 than last year. This increased has already been demonstrated by the American Moving & Storage Association, which  reported corporate relocations have increased 13% in the 1st half of 2011 compared to the same period last year.

Post by: Tabitha Zesch, Relocation Director