Posts about Industry Trends

Industry Trends
July 4, 2024 Blog

Spotlight: NAR Settlement

Recent developments in the real estate industry, particularly a proposed settlement of litigation involving the National Association of REALTORS® (NAR), have sparked considerable attention and speculation about impending changes in the landscape of home buying and selling processes. The agreement reached by NAR to resolve nationwide claims related to broker commissions marks a significant milestone […]
Read More »
Cost Management
July 4, 2024 Blog

Employee Benefits Trends for 2024: The Top 5 Trends

Attracting and retaining top talent is especially in today’s dynamic business environment.  The relocation industry organization, WERC, recently published an article with the top five employee benefits trends for 2024 and how these trends can help corporations support their employees: Read NuCompass’ takeaways on the potential impact on relocation. 1. Salary and Promotional Trends In […]
Read More »
Industry Trends
July 4, 2024 Blog

Real Estate: Mid-Year Update and Predictions

The U.S. housing market continues to navigate a complex terrain in 2024, characterized by fluctuating home prices, mortgage rates, and a delicate balance between supply and demand. As detailed in a recent Forbes article, the market is in a transitional phase, with key indicators suggesting potential shifts ahead. Current Market Conditions As of mid-2024, the […]
Read More »
General
July 4, 2024 Blog

Why Temporary Housing Can Make or Break Your Relocation Program

Let’s be honest— relocation isn’t just logistics… it’s life disruption at scale. And how you support employees during that transition? Well, it defines the entire experience. Too often, companies go all-in on offer letters and signing bonuses, only to drop the ball on what comes next. Imagine landing a top performer in a new market… […]
Read More »
Industry Trends
January 7, 2024 Blog

Shifting Tides of Immigration: 2023 Recap and 2024 Insights

As the curtains fall on 2023, marked by unprecedented challenges and transformative changes in the landscape of immigration, companies must reflect on the pivotal moments to make informed strategic decisions in 2024. According to Boundless Immigration (BI), the business immigration landscape underwent significant shifts, spotlighting several key issues last year: 2024 Changes and Initiatives As […]
Read More »
Industry Trends
July 7, 2023

Immigration Today

As society continues to embrace globalization, immigration has become a complex issue that is faced by many companies when relocating employees. Delays in visa applications and immigration compliance continue to shift as technology changes and better tracking systems become available. Relocation Management Companies (RMCs) work closely with their immigration partners to stay abreast of complicated […]
Read More »
Industry Trends
April 7, 2023 Blog

Industry Trends: Mortgage Forecast

As inflation has grown, mortgage interest rates have been steadily increasing. The mortgage payment for the same price house (median $428,000) is almost $1,000 more this year compared to last year. This rise in interest rates can impact an employee’s decision to accept a job transfer to a new city.  As a result, corporations with […]
Read More »
Industry Trends
January 7, 2023

TRENDS: Auto Shipping Forecast

In addition to shipping household goods, many relocating employees need to ship a vehicle to their new location. In the US contiguous states, autos are typically shipped via transit trucks, which makes the industry susceptible to economic shifts, such as higher gas prices. Relocation Management Companies, like NuCompass, work directly with vetted auto shippers at […]
Read More »
Industry Trends
December 7, 2022 Blog

Industry Trends: Housing

As we look at the latest trends in housing and temporary living, we find that many companies are planning for continued improvements in their relocation programs and are optimistic for the new year. Here are some of the key findings in 2022: Looking Ahead to 2023As we enter 2023, the Federal Reserve has made it clear […]
Read More »
Industry Trends
July 9, 2022

It’s Peak Season for Relocation

Peak Season for relocation activity occurs between Memorial Day and Labor Day. Each year, we prepare through capacity planning with our van line supplier partners for all core services. So, what do we expect for this summer? Both cost and activity are likely to rise. For US domestic moves, approximately 35% of all home sales […]
Read More »