Eighty nine organizations representing various industries participated in the survey. Below are some of the key findings and questions...how high is your relocation IQ?
1. 91% of homeowner employees are reluctant to relocate due to:
a) housing costs in new location b) relocation benefits c) depressed market in old location
2. The average cost to relocate a current homeowner in 2011 was...
a) $75,000 b) $88,000 c) $97,000
3. The average cost to move a current renter was:
a) $19,309 b) $24,216 c) 33,219
4. The highest single cost (for employees that received the benefit) at an average of $39,796 was for:
a) Shipment of household goods b) Homesale costs c) Loss-on-sale
5. The component that saw the highest increase of 22% was:
a) Federal tax liability b) Temporary living c) Purchase closing costs
6. The average home loss-on-sale payment was:
a) $33,911 b) $25,911 c) $20,911
7. Homes purchased through an appraised value transaction were in inventory for how many days?
a) 150 days b) 180 days c) 120 days
8. The fall-through rates for home-purchase plans were 2.83% for appraised value transactions and what percentage for buyer value option transactions?
a) 6% b) 2.2% c) 4.1%
9. The ratio of homeowners to renters in 2011 was:
a) 59% to 41% b) 62% to 38% c) 55% to 45%
10. The percent of companies that use a formal homesale plan versus a direct reimbursement of cost:
a) 88% b) 12% c) 50%
Answers: 1.c 2.c 3.b 4.b 5.b 6.a 7.c 8.b 9.a 10. a
