Newsletter

February 2008

IN THIS ISSUE

1. What's the Latest
on the Housing Market
for 2008?

2. What Is More
Difficult – Recruiting
Top-Performing
Workers or
Retaining Them?

3. Friends and Family
Benefits

4. Quote of the Month

5. Food for Thought

Do you have
a candidate
considering a
move from
state to state?

• Click here
  to email your candidate's information.



• Click here
  to complete
  an online
  contact form.



• Call us:
  866-787-4949

What’s the Latest on the Housing Market for 2008?

There are many elements affecting the current housing market. The best way to determine where the market is heading is by staying educated on the facts.

According to NAR statistics, existing home sales dropped to 5.78 million in 2007, down from 6.46 million in 2006. The recent new home sales report showed new home sales dropped to 773,000 in 2007, down from 1.05 million in 2006.

On a more positive note, interest rates are still at historically low levels, and the recent cut of .75% by the Fed on 1/22/08 will help to lower them even further. The Consumer Price Index showed inflation was also down from 3.2% in 2006 to 2.9%.

So what do the insiders think?

Real estate will hold very steady as indicated by sales activity and will then rise in late 2008 and again in 2009. This is to be expected. As the natural market correction continues, the un-sustained growth of 2002-2005 will gradually subside.

National Association of Realtors is strongly supporting the raising of conventional loan limits to $625,000 from the current $417,000 to give consumers greater access to loan programs.

The fact remains that not every home is created equal and national housing market indicators are not applicable to an individual candidate’s housing situation. Candidates who are looking to purchase a home need to consider tangible elements such as location, zipcode and neighborhoods as main determining factors when assessing their own situation. It is also important that a confidential market analysis be done as early as possible in the placement process and the candidate reserve judgment until then.

Recruiter Relocation helps candidates
secure market and individual home information.
Call Mickey Matteson today at 866-787-4949
to find out more ways
Recruiter Relocation can help.

Friends and Family
Benefits

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Quote of the Month

What Is More Difficult – Recruiting Top-Performing Workers or Retaining Them?

When you are accepting a job order you may ask your client, “Why do employees leave your organization?” A recent survey by Watson Wyatt Worldwide and WorldatWork 2007 identifies that there is a clear difference between what employers think and how employees truly feel.

When relocation is involved, even more factors get thrown into the mix. Some of the main reasons that candidates turn down positions when relocation is involved are slowed housing appreciation, high cost of living areas and employee/family resistance to a move. All of these elements combined, create a very delicate situation.

When trying to attract and retain the right talent, addressing your clients’ common employee turnover reasons could be key to helping you make more placements. Having employers offer the right relocation package is also paramount in the process. Let Recruiter Relocation help!

Contact Mickey Matteson at mmatteson@gmsmobility.com
to get information on benefits, trends, and
for assistance on putting together a
quote for your candidate when
negotiating relocation benefits.

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Food For Thought...

The greatest achievements were at first dreams.

Cherish your visions as they are the children of your soul and the blueprints of your ultimate achievements.

The future belongs to those who believe in the beauty of what could be.

Forgiveness does not change the past, but it does enlarge the future.

When one burns one's bridges, what a very nice fire it makes.

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