Real Estate Sales Report – News Worsens for CCRCs/Life Plan Communities

With occupancy rebounding to pre-pandemic levels and demand remaining strong, CCRCs/Life Plan Communities continue to face economic headwinds from capitalizing on improving market conditions. Capital costs continue to rise making borrowing money a challenge or alternatively, perhaps adding additional debt service costs if existing debt is variable. Accessing capital is nearly imperative for most CCRCs/Life … Read more

Real Estate Sales Report Out – Dismal News for Seniors and Senior Housing

The June existing home sales report from the National Association of Realtors paints a depressing picture of the residential real estate market. The release is here: https://www.nar.realtor/newsroom/existing-home-sales-retreated-3-3-in-june-monthly-median-sales-price-reached-second-highest-amount Home sales down 3.3 percent Sales off 18.9% from a year ago Inventory available for sale didn’t change – 2.8 months (seasonally adjusted) Median prices rose again to … Read more