A few weeks back, we ran a story on how a California study showed that single seniors were worse off than those with spouses, California Seniors Struggle To Make Ends Meet. US News and World Report put out an article entitled, Top 10 Places for Swinging Single Seniors To Retire, that lists the following 10 […]
Category: Independent Living
As the economic data continues to paint a bleak picture, the the National Investment Center for the Seniors Housing & Care Industry (NIC) released its third quarter 2008 data which tracks loan performance and capitalization rates in seniors housing and care appears to be weakening. According to NIC, loan volume in the third quarter of […]
The U.S. Department of Housing and Urban Development (HUD) recently announced the addition of the Home Equity Conversion Mortgage (HECM) for purchase. As part of the Housing and Economic Recovery Act of 2008, approved lenders now may offer senior home buyers a reverse mortgage to aid in the purchase of a new property. Traditional reverse […]
Merchandising Plus announced recently that it has been selected to design and furnish Brighton Bay, a new senior independent living facility in Jacksonville. Brighton Bay is expected to be completed in May of 2010 and will have 183 suites on four stories with 30 percent of the 212,000 square foot building is dedicated to community […]
Recently released information from the Federal Housing Administration is showing that reverse mortgage borrowers are getting younger. The average age of a borrower in 2008 was 73 years old whereas in 1990 the average age was 76 years. The reverse mortgage has been most popular among single females but according to the 2008 data, this […]
The UCLA Center for Health Policy Research and the Insight Center for Community Economic Development released a policy briefing last week that shows that almost 500,000 seniors living in California cannot make ends meet. The report, “Half a Million Older Californians Living Alone Unable to Make Ends Meet“, identifies seniors living alone as the ones […]
As the role of downsizing housing and living spaces accelerates for the aging population, many small businesses are popping up to serve the needs of seniors and baby boomers. These business are sprouting up across the United States either as new stand-alone businesses or in conjunction with a senior living community or real estate company. […]
Intercommunity Mercy Housing announced that it received a $8.2 million grant from HUD and that the funding will go toward IMH’s first affordable housing property for low-income seniors in Tacoma. Representatives from Intercommunity Mercy Housing, the city of Tacoma and the Washington State Housing Trust Fund celebrated the groundbreaking of the property this week called, […]
The S&P Case-Shiller Home Price Index for December 2008 and it showed that decline in the S&P/Case-Shiller U.S. National Home Price Index – which covers all nine U.S. census divisions – recorded an 18.2% decline in the 4th quarter of 2008 versus the 4th quarter of 2007, the largest in the series’ 21-year history. The […]
The Calgary Herald ran an article last week entitled, “Senior home care companies booming“, that went so far as to state that many of its home care businesses that cater to seniors are seeing steady growth in 2008. The article focuses on one or two national Canadian home-care companies but fails to provide a broader […]