Economist: Wall Street Goes Long on Grannies

Wall Street is long on grannies says an article from the Economist. According to the article, there have been 46 acquisitions of nursing home operators worldwide since 2005 says Dealogic, a research firm.  Private-equity firms now own three of the five largest chains of homes in the United States, including the biggest, HCR ManorCare, which […]

Housing Tax Deductions Benefit Younger Taxpayers More says Study

Research released by the National Association of Home Builders (NAHB) shows that benefits of housing related tax deductions, including mortgage interest deductions, generally decline in value as taxpayers get older. These findings are a counter argument to the claims that mortgage interest deductions exclusively benefit high-income households, as this research clearly shows that younger, first-time homeowners […]

Builder Confidence in Mature-Market Housing Falls

New data from a quarterly survey by the National Association of Home Builders’ (NAHB), 55+ Housing Market Index (55+ HMI), focusing on the association’s builder members in the mature-market housing sector, shows that builder confidence in the market has decreased during this year’s second quarter.  All areas surveyed dropped this quarter from the second quarter […]

Grass Roots Village Movement Helps Seniors Age in Place

USA Today is reporting that the explosive growth of America’s older population is fueling a grass-roots “village” movement in neighborhoods across the country to help people age in their own homes. Over the past decade, more than 50 villages in a system where a neighbor-helps-neighbor have popped up in places like California, Colorado, Nebraska, and […]

55+ Buyers Help Active Adult Communities Grow to 11.4% of New Home Sales

The Chicago Tribune is reporting that despite a tough real estate market, local active adult communities for those 55 and older are having some success. According to the Tribune, local builders are reporting that sales at active-adult communities never declined as much as they did at family-oriented or move-up developments. And recently, active-adult sales have […]

New Models for Assisted Living Provide More Affordable Care

While images of nursing homes and assisted living often bring up visions of whitewashed walls, big buildings, and a hospital-like setting, other alternatives make clear that this is not always the case.  Of the one million people in assisted living (also known as residential care homes, adult foster homes, and board and care homes), about […]

Payday Lending For Seniors

Last week, the Wall Street Journal had an interesting article about seniors using payday lenders to make ends meet. Generally payday lenders require someone to have an incoming paycheck but with seniors they are using their social security benefits to secure the loans. “These people always get paid, rain or shine,” says William Harrod, a […]

Baby Boomers Prefer the Big “O” Over “The Donald”

To follow up on the Who Is Your Favorite Reverse Mortgage Spokesman post, I thought I’d point out that apparently the 50 and older crowd would prefer Oprah as their real estate agent over “The Donald”.  This comes from a survey conducted by ERA Real Estate as part of its annual home ownership survey of […]

Senior Condo Community Niche

An article from National Real Estate Investor discusses the new niche market of senior day care and community housing projects which are gaining popularity in certain areas across the US.  Here in Chicago you are starting to see a large number of  these communities popping up in the surrounding suburbs for people 55 and older.  […]