Democratic President-Elect Joe Biden has floated proposals including a major investment in home care, changes to real estate programs and policies, and pledges related to the caregiver workforce. The incoming administration also may mark a shift from the often fractious and unpredictable last four years, which could be good news for businesses, according to Debra Cafaro, CEO of Ventas (NYSE: VTR), one of...
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The number of RCFEs for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors: “There is no shortage of hopeful, potential RCFE buyers, but inventory is historically low.” When the demand for RCFE homes is higher than what’s available for sale, it’s a great time for RCFE...
By Rick Phelps For seniors with Alzheimer’s disease and other types of dementia, daylight saving time may exacerbate the symptoms of sundowning. Changes in daylight, mealtimes and sleep schedules often bring added emotional, behavioral and cognitive difficulties. It’s almost that time again. On the first Sunday of November, daylight saving time ends and we turn our clocks back. This shift often has a...
As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on RCFE home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come. Due to the undersupply of RCFE homes on the market today, there’s upward pressure on prices....
The Orange County RCFE housing market will remain a Hot Seller’s Market for the remainder of 2020 and into the New Year, paving the way for persistent appreciation. With strong demand and an incredibly low inventory, the market will continue to lean heavily in favor of sellers, resulting in RCFE home values rising. One of the most popular toy fads of the 1980’s was the Cabbage Patch Doll. The dolls...
For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes (and RCFEs) are being purchased at an accelerating pace, and it’s...
Private-pay assisted living providers now have the ability to apply for funding under the Provider Relief Fund Phase 2 General Distribution allocation, the U.S. Department of Health and Human Services (HHS) announced Tuesday. The announcement comes about two weeks after the federal agency told the American Seniors Housing Association (ASHA) during a call that relief would be coming very shortly, spurred...
Assisted living providers will have an opportunity to receive additional federal funds to help offset the financial impacts of Covid-19. The Department of Health & Human Services (HHS) on Thursday announced the next phase of funding from the Provider Relief Fund. The funding includes $20 billion in aid for providers on the front lines of the pandemic. Providers that have already received Provider...
You may have heard that pre-approval is a great first step in the RCFE homebuying process. But why is it so important? When looking for an RCFE, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price range, what you’re comfortable within a monthly mortgage payment, and ultimately how much money you...
When most of us begin searching for a RCFE home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the overall cost in the long run. Today, that’s largely impacted by low mortgage rates. Low rates are actually making homes more affordable now than at any time since 2016, and...