Just 1% of nursing homes and 4% of assisted living communities participating in a recent survey by the American Health Care Association / National Center for Assisted Living reported being fully staffed. A total of 1,183 nursing home and assisted living providers nationwide participated. Additionally, 86% of nursing home and 77% of assisted living providers said their workforce situations have gotten...
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September 20, 2021/in News /by Assisted Living Education Despite an initial hesitancy among seniors to seek assisted living situations, 73% of families report that a senior’s quality of life improves after a move to an assisted living facility. When seniors reach the stage of finally accepting assistance in their daily living routines, they embark on a new journey that can be extremely empowering...
In today’s hot sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of RCFEs for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the RCFE of your dreams. Below are five things to keep in mind when it’s time to make an offer. Know Your Budget Knowing...
There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. The same holds true for RCFEs Here’s the definition of...
It’s economy 101 – when supply is low, and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to RCFE appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the contract price on the house. Shawn Telford, Chief...
Becoming financially secure is an important goal for many people today, but some don’t realize just how much home ownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role owning a home plays in building...
Excerpted from McKnights Clinical Daily by Alicia Lasek More than a quarter of older adults say they are in worse physical condition now than before the pandemic, suggesting a heightened potential for falls, a new national poll has found. More than a third of older respondents to the University of Michigan’s National Poll on Healthy Aging said that their physical activity declined in the first 10...
When it comes to buying an RCFE residence, you’re looking for the perfect place for your residents to call home. The problem is, in today’s market there just aren’t that many RCFEs available to purchase. With inventory hovering near record lows and high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when you’re ready to make an offer. Know Your...
Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic...
It’s clear that consumers are concerned about how quickly RCFE home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Dalrymple II of Inman News notes: “One of the most noteworthy...