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Departure Services

From the initial policy consulting call through the move itself, there are a lot of moving pieces associated with employee relocation. Whether planning a domestic or international relocation, SIRVA is expertly positioned to offer the best departure services available during a relocation in every region around the world.

Destination Services

Setting your employees up for success upon arrival at their new locations will be key to successfully meeting your company’s goals. SIRVA’s global network and expansive resources allow us to you achieve your goals. Our destination services and international movers help employees and their families settle in and prosper in their new homes.

Visa and Immigration

SIRVA’s team of experienced international relocation specialists are expertly equipped to manage inbound and outbound global immigration services. With SIRVA’s Immigration team, the focus is on providing a smooth customer experience that enhances the relocation process, not just achieving a successful application.

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Employee Counselling

For your employees, a single relocation professional assists with end-to-end coordination of services: a relocation consultant for domestic/intra-country moves or global assignment consultant for international relocation. These consultants are your employees’ resource for all communication and services relating to their move, and coordinate the delivery of all authorised services. Regardless of the service being delivered (temporary housing, moving services, etc.), the employee can rely on the consultant as their go-to resource to address any concerns. 

VIP Services

If you are searching for an enhanced service for your employees, SIRVA offers VIP services such as personal relocation assistants, in-home cleaning services, personalised family assistance, and many other tailored and luxury enhancements. 

Related Services

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US Housing Market Activity Increasing Since the Onset of COVID-19

  • by Daina Mueller
  • 19 August 2020 10:00:00

Prior to the outbreak of COVID-19, new-home sales had risen to a higher level than had been seen in years. Price appreciation was booming: little inventory was available, mortgage rates were low, and home prices were steadily increasing, all of which created a uniquely positive time for both buyers and sellers. When the pandemic started in the United States, however, the outlook was grim as job losses mounted and the economy took a sharp downturn. Surprisingly, despite a lull in April, the US real estate market rebounded quickly. While market conditions can often fluctuate, currently, home listing and sale activity is stronger than pre-pandemic levels. As we’ll discuss below, current circumstances indicate that now may be the ideal time for individuals to list and sell their homes.

Current Real Estate Trends

Continued Lack of Inventory: The number of home seekers continues to outnumber the number of available options on the market. This creates desirable conditions for homeowners who do list their properties, since their homes are in demand.

Low Interest RatesInterest rates have dipped historically low, making the prospect of buying a home more appealing and affordable for well-qualified buyers. 

A Shift from Renting to an Interest in Buying: Many renters are considering purchasing homes for a variety of reasons, some of them for the first time. Some are seeing the advantages of homeownership – from owning an asset to having greater control over their living spaces; thanks to low mortgage rates, they are also finding this option feasible. Depending on the area and scenario, others are finding that a mortgage payment would be lower than their monthly rent. Others are seeking to leave crowded cities for more personal space in the suburbs in response to the pandemic. 

Resulting Impacts on the US Real Estate Market

As a result of the above trends, SIRVA has seen significant impacts on the current US real estate market. As a result of low inventory and mortgage rates, we’ve seen buyers “bidding up” to win their properties of choice which, in turn, has driven sale prices up and the number of days a home spends on the market down.  SIRVA data shows that, since 1 May 2020, home values are up almost 5 per cent and the average number of days on the market has dropped 8 per cent compared to last year.

Unemployment rates will likely impact the housing market in the future, should the economy continue to see extended shutdowns. 

What this Means for Homeowners

While the uncertainty surrounding the pandemic can be a concern for some individuals, thanks to the trends and impacts listed above, now may be the perfect time for homeowners to list their homes if they’re considering doing so. Competitive bidding and higher sale prices can be strong incentives – along with the knowledge that there are plenty of potential buyers in line who are interested in making a purchase. For assistance, please contact us at concierge@sirva.com.

 

SIRVA manages over 5,000 home sales and 14,000 home purchases, annually. During these unprecedented times, our employees and agents continue to provide guidance and support when companies and their employees have decided to move forward with selling or purchasing a home. Please work with your relocation consultant for the most up-to-date information, as the market continues to fluctuate.

 

Sources:

Joel Kan. Fed Puts Rate Cuts on Hold: MBA Economic and Mortgage Finance Commentary: 20 January 2019. www.mba.org. MBA Forecast Commentary. 20 January 2019. (Accessed 17 August 2020.) file:///C:/Users/ZZZ2120/Downloads/Forecast%20Commentary%20Jan%202020%20(3).pdf

Diana Olick. Lower Mortgage Rates are Causing an Epic Housing Shortage. www.cnbc.com. Real Estate. 15 October 2019. (Accessed 17 August 2020.) https://www.cnbc.com/2019/10/15/lower-mortgage-rates-are-causing-an-epic-housing-shortage.html

Diana Olick. Existing Home Sales Plunge in May, but Realtors Think That was the Bottom. www.cnbc.com. Real Estate. 22 June 2020 (Accessed 17 August 2020.) https://www.cnbc.com/2020/06/22/existing-home-sales-plunge-in-may-but-realtors-think-that-was-the-bottom.html

Angela Waugaman. Mortgage Rates Drop, Reaching Another All Time Low. www.globenewswire.com. Freddie Mac. 18 June 2020 (Accessed 17 August 2020.) https://www.globenewswire.com/news-release/2020/06/18/2050255/0/en/Mortgage-Rates-Drop-Reaching-Another-All-Time-Low.html#:~:text=MCLEAN%2C%20Va.%2C%20June%2018,which%20dates%20back%20to%201971.

Amanda Lauren. How Coronavirus is Impacting Home Buyers and Sellers. www.forbes.com. 6 March 2020. (Accessed 17 August 2020.) https://www.forbes.com/sites/amandalauren/2020/03/06/coronavirus-is-a-public-health-crisis-but-a-boon-to-real-estate-buyers/#103cef5c436b

Realtor.com. 2020 Housing Market Predictions: COVID-19 Update. www.realtor.com. May 2020. (Accessed 17 August 2020.) https://www.realtor.com/research/2020-housing-market-predictions-covid-19-update/

Contributors:

Margaret DeLuca | Director, Real Estate Risk

Lisa Marie DeSanto | Manager, Content Marketing

 

For more information please see SIRVA’s Blog Disclaimer

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