The housing market continues to dominate news across the nation, with words like "morbid" and "dire" applied to the topic in news bylines. The release of year-end data from multiple sources demonstrates the impact of this crucial market on move-ins to senior living communities. Particularly CCRC's such as the property I manage have seen their primary feeder, the independent living, go from several move-ins per month to zero. This will turn out to be more than a short-term problem, as our average independent living resident stays in their apartment for several years before needing a change in level of care.
The complete article is fascinating, including hard data and charts. Be sure to check it out.