Housing Market Update: Growing Impact on Senior Living Providers

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.

1 comment:

Cat Ray said...

This is useful information. It has been really hard finding senior living communities.