Mobility - July 2021 - 46

REGIONAL ROUNDUP
Boston, MA
As pandemic-related restrictions were eased here during
the second quarter of 2020, a level of buyer demand was
unleashed in the suburbs unlike any seen before.
Double- and even triple-digit percentage increases
in closed sales and volume on a weekly, monthly,
and quarterly basis compared to the same times
the prior year became the norm, with pending sales
fi gures showing similar increases. That trend persisted
through the fi rst quarter of 2021, with sales increasing
over the same time in 2020 by historic percentages.
Issues for the relocating transferee include the need
for additional temporary housing, unforeseen lease
break fees, overpaying for homes while knowing inspection
issues may not be addressed, and potential losses
on future sales if another company-sponsored move is
needed when this unprecedented market slows down.
Today, economic indicators such as consumer
Northeast
46
BY JANE McWILLIAMS, CRP, GMS-T, VICE PRESIDENT
OF BUSINESS DEVELOPMENT RELOCATION, WILLIAM
PITT SOTHEBY'S INTERNATIONAL REALTY, JULIA B FEE
SOTHEBY'S INTERNATIONAL REALTY
confi dence, interest rates, unemployment, the stock
market, and GDP are still important but less reliable
factors given the once-in-a-lifetime impact of the
pandemic. The view is that the current unrivaled
market momentum will continue well into the future.
St. Louis, MO
The commonality among the Midwest states is that
transferring sellers must deal with multiple showings
and contracts the fi rst few days. Buyers are getting
highly creative with their off ers, and transferees fi nd it
incredibly challenging to fi nd their dream home. Due
to COVID, they often must view a home virtually and
make an off er sight unseen. Meanwhile, there is a shift
from city housing to more suburban and rural areas.
Commercial businesses have taken a hit due to
COVID, and many have closed. New apartments have
sprung up, but some buildings just remain vacant.
Still, the outlook for the future generally is positive.
Interest rates will most likely rise as evictions and
foreclosures stay low.
Midwest
BY MICHELLE BENNETT, GMS, VICE PRESIDENT,
CORPORATE RELOCATION SERVICES, BERKSHIRE
HATHAWAY HOMESERVICES ALLIANCE REAL ESTATE
Some workers may continue to work from home.
As Zoom meetings greatly reduce travel and hotel
expenses, many corporations are expected to maintain
that model. Global moves are still on hold. Visas
are taking longer to acquire for transferees' families.
While the U.S. economy is showing strength, recovery
is far from complete. We all continue to hope for
a brighter future.
worldwideerc.org
http://www.worldwideerc.org

Mobility - July 2021

Table of Contents for the Digital Edition of Mobility - July 2021

Mobility - July 2021 - Cover1
Mobility - July 2021 - Cover2
Mobility - July 2021 - 1
Mobility - July 2021 - 2
Mobility - July 2021 - 3
Mobility - July 2021 - 4
Mobility - July 2021 - 5
Mobility - July 2021 - 6
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Mobility - July 2021 - 45
Mobility - July 2021 - 46
Mobility - July 2021 - 47
Mobility - July 2021 - 48
Mobility - July 2021 - Cover3
Mobility - July 2021 - Cover4
https://www.nxtbook.com/ygsreprints/WERC/mobility-july-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-june-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-may-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-april-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-march-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-february-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility_122020
https://www.nxtbook.com/ygsreprints/WERC/mobility_112020
https://www.nxtbook.com/ygsreprints/WERC/mobility_102020
https://www.nxtbook.com/ygsreprints/WERC/mobility_092020
https://www.nxtbook.com/ygsreprints/WERC/mobility_082020
https://www.nxtbook.com/ygsreprints/WERC/mobility_072020
https://www.nxtbook.com/ygsreprints/WERC/mobility_062020
https://www.nxtbook.com/ygsreprints/WERC/mobility_052020
https://www.nxtbook.com/ygsreprints/WERC/mobility_042020
https://www.nxtbook.com/ygsreprints/WERC/mobility_032020
https://www.nxtbook.com/ygsreprints/WERC/mobility_022020
https://www.nxtbook.com/ygsreprints/WERC/mobility_012020
https://www.nxtbook.com/ygsreprints/WERC/mobility_122019
https://www.nxtbook.com/ygsreprints/WERC/mobility_112019
https://www.nxtbook.com/ygsreprints/WERC/mobility_102019
https://www.nxtbook.com/ygsreprints/WERC/mobility_092019
https://www.nxtbook.com/ygsreprints/WERC/mobility_082019
https://www.nxtbook.com/ygsreprints/WERC/mobility_072019
https://www.nxtbook.com/ygsreprints/WERC/mobility_062019
https://www.nxtbook.com/ygsreprints/WERC/mobility_052019
https://www.nxtbook.com/ygsreprints/WERC/mobility_042019
https://www.nxtbook.com/ygsreprints/WERC/mobility_032019
https://www.nxtbook.com/ygsreprints/WERC/mobility_022019
https://www.nxtbook.com/ygsreprints/WERC/mobility_012019
https://www.nxtbookmedia.com