Chicago Relocation

Is relo rebounding?

July 17, 2011

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John D’Ambrogio

It just might be……

The gap between talent and available jobs has caused firms across the country to get a bit more competitive.  A recent RIS media article  penned by Steve Cook seems to indicate an uptick.

According the the article up to 50% of recruiters and hiring managers have started to reach outside their local market to find the right talent.

Steve quotes a  new national survey by Dice Holdings, Inc.  which specializes in career websites which “found that slightly more than half (51 percent) of employers and recruiters anticipate hiring more professionals in the second half of 2011 than in the previous six months.”

Just as exciting was the fact that 41% of the recruiters indicated that salaries are rising, even for new hires.  What does this mean for Chicago real estate and the market in general?  It means more “qualified” buyers are going to be entering the market, often with relocation packages from their new employers that make them attractive candidates to purchase mid and high level homes across the market.

In fact, the midwest was named as a major beneficiary of this upward trend.

According to Cook – “The Dice survey confirms a January and February survey by Atlas World Grop that found expectations for relocation volumes and budgets continue to improve over 2009.” Maybe that light at the end of the tunnel is closer than we thought!


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