June 7th, 2012
Companies relocating employees may want to ensure their workers can find reasonable and stable housing situations. A report from CoreLogic showed that home prices throughout the United States increased year-over-year during April.
The latest edition of the firm's Home Price Index revealed that in April, home prices rose 1.1 percent when compared to the same point in 2011, when including distressed sales. This was the first time two straight months experienced increases since June 2010. When looking at month-over-month statistics, prices rose 2.2 percent in April. This rise was the second straight improvement.
"We see the consistent month-over-month increases within our HPI and Pending HPI as one sign that the housing market is stabilizing," said Anand Nallathambi, president and CEO of CoreLogic. "Home prices are responding to a restricted supply that will likely exist for some time to come – an optimistic sign for the future of our industry."
Continued home price increases in the U.S. may make companies look more confidently at global relocation options, as the housing market's recovery could be picking up speed.