The Federal Reserve recently released its comprehensive report on banks’ 2007 lending practices that showed that overall mortgage lending dropped sharply. Total originations dropped 25% from 2006 and that nearly one in three applicants were denied. The reports findings are based upon information collected from mortgage lending institutions under the Home Mortgage Disclosure Act of […]
Category: Senior Housing
Sunrise Senior Living (SRZ) was added to the list of stocks that are not permitted to be shorted last week and it does not seem to have had any effect on the share price as it dropped last week. The stock dropped from 15.42 on September 29 to 13.40 on October 3rd. So much for […]
The industry trade group, America’s Health Plans released a press release and report last week that shows Medicaid spending for long-term care will expand at a faster rate than overall U.S. health-care spending, Medicare expenditures and and the overall economy. The report shows state Medicaid programs will spend $1.6 trillion on long-term care expenses over […]
New and prospective buyers joined David Cutler Group representatives yesterday celebrating the grand opening of Montgomery Walk, one of two active adult communities nestled in the woodlands of Montgomery Township and Worcester Township. The development marks David Cutler Group’s first project delivery in the active adult community living market. David Cutler Group’s grand opening celebration […]
uWink, an entertainment and hospitality software company, has partnered with InSite Development, a leading developer of senior housing communities, have launched a revolutionary interactive game and entertainment facility at InSite’s Arbor Court, a ground-breaking senior housing community in Lancaster, California. This onsite amenity is an unprecedented effort to stave off the ravages of old age, […]
Last week the National Association of Realtors released its existing home sales number for August and it showed that sales of existing homes fell 2.2% in August from the previous month and that the median home price was $203,100 in August, down 9.5% from the year before. 10% decline from last year on a national […]
Catholic Health Initiatives announced today a $6 million gift to Mercy Housing for its affordable homes for low-income families, seniors and people with special needs in Omaha and Lincoln, Neb., and Council Bluffs, Iowa. Catholic Health Initiatives, the second largest Catholic health system in the country, is also one of the largest health care providers […]
Many real estate agents and real estate professionals are struggling these days and have started looking for ways to expand their product offerings and one has been to re-categorize/brand themselves as solutions providers for seniors moving out of their homes. Besides the "newbies" in this area, there are some rather established and experienced professionals that […]
The trend of university affiliated senior housing continues to grow and a new community called Limestone Crossing by the University of Kentucky is being developed by Jacksonville, Fl based Praxeis. Praxeis has communities at the University of Florida and Florida State University and has plans for a third Florida location. The project is classified as […]
The National Investment Center for the Seniors and Care Industry (NIC) recently released it’s study that can help operators better understand the relationship between the environments they provide and how they impact their residents was the winning paper in the 2008 Seniors Housing & Care Journal. The paper, entitled “A New Tool for Evaluating Senior […]