Senior Housing Falling Short Of Expected Demand As Baby Boomers Age – The Mortgage Note

More older adults are living in senior housing and the supply of units for elderly Americans is not keeping up with expected demand, according to leaders at a national company specializing in these services. Seniorly, which has an online directory of senior living communities and partners with local advisors, recently released a study on the 782 Most and Least Expensive Cities for Assisted Living in 2024 after analyzing data across its network. The study cited analytics from the National Investment Center for Seniors Housing and Care which found that the total number of occupied senior housing units in the primary markets reached more than 603,000 units in the first quarter of 2024.  

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Grace And Grandeur: Inside Two Rare ‘Old New York’ Apartments

In times of uncertainty, there’s comfort in constancy. The always-there markers that remind us of a gentler, more refined era. In 21st-century Manhattan, those markers include a roster of usual suspects: Central Park, the Carlyle Hotel, Bryant Square, the elegant art deco towers and discreet co-op apartments of the Upper East Side. There’s a reassuring solidness attached to many of these early 20th-century constructions, so well preserved by care-taking residents over more than a century.  

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I'm a Real Estate Agent: 3 Reasons I'm Optimistic About the Market in Summer 2024

In some respects, the real estate market in the US has been on a roll in recent years, with housing prices rising by around 15% over the past three years, according to Redfin data. Yet at the same time, many prospective buyers are frustrated by high mortgage rates and high listing prices, causing some to hold off on purchasing. Meanwhile, some sellers have been reluctant to sell, due to not wanting to give up their low mortgage rates obtained during the pandemic. That, combined with sluggish housing construction, has contributed to low housing inventory.  

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