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demographics
Migration Matters
U.S. migration from domestic and international sources continues to hold profound implications for the country’s economy and demographic composition. It’s also the subject of a new research report from Yardi Matrix. The report notes that the South, Southwest and West accounted for 80% of the population growth in the country’s top 50 metros between 1970 […]
Foodie Culture
Food continues to be a hot topic in senior living. Television personalities like Anthony Bourdain and Andrew Zimmern ignited the modern “foodie” culture. Their meals dripped with excitement and worldliness. Under such influences, aging Boomers have high expectations for their dining options. Senior living experts will have to keep up with costs and trends to […]
02 / 11 / 19
5 Hottest Markets
In many cities, senior housing growth has plateaued. Over saturated markets have led to stagnant occupancy rates. According to the National Investment Center for Seniors Housing and Care, 2017 ended with the national occupancy rate at 88.8 percent, down 70 basis points year-over-year. The greatest stagnation takes place in markets with low barriers to entry, […]
05 / 10 / 18
Multigen Living
The new report, As Rents Rise, More Renters Turn to Doubling Up, explores the growing rate of co-living arrangements. Finances were the primary reason for multiple generations and teams of adults sharing a single home. You could benefit from this trend, even if you never considered marketing your units as a co-living floor plans. Co-living […]
02 / 14 / 18
Staying Put
Americans are not moving and no one can pinpoint why. Without a clear cause, the trend is difficult to reverse, as are its effects on the economy and workplace productivity. United States Census Bureau data reveals that only 21.7 percent of renters relocated in 2017. That’s a new historic low. Homeowners moved at a rate […]
01 / 01 / 18
Apartment Trends
We’d need 4.6 million new apartments by 2030 to meet demand for rental living and keep prices in check, reports the National Multifamily Housing Council. That’s about 373K new units each year on average, a number that’s rather optimistic considering the pace of apartment construction in the last decade. So how feasible is this plan? […]
Tech at Work
By 2025, 75 percent of the workforce will be comprised of workers from the Millennial generation. A Thursday webinar hosted by Realcomm: “Technology in the Workplace – Managing the Needs of Multiple Generations” focused on managing that transition successfully and effectively for team members of every generation. Realcomm CEO Jim Young was the moderator. Panelists […]
04 / 07 / 17
The New HUD
Two updates issued by the U.S. Department of Housing and Urban Development bring bad news to homeowners. Denied Mortgage Insurance Rate Cut Costs Homeowners $500/year The new administration indefinitely suspended a proposed rate cut for FHA-backed mortgage insurance. Instead of dropping rates to .60 percent, they will remain at .85 percent. The decision—made within the […]
03 / 06 / 17
Marketing to Boomers
Did you know that Baby Boomers are the second largest demographic in multifamily housing? Most companies only spend five percent of their advertising budget (and even less effort) on this growing group. Don’t be like them. We’ve got eight tips to master online marketing to Baby Boomers. State your cost—clearly—and why your property is worth […]
01 / 24 / 17
Seniors + Students
Senior housing facilities around the globe are opening their doors to students. The creative solution cuts housing costs for young adults while providing nourishing services for the elderly. Such programs are gaining popularity in the United States. The unlikely pairing comes with an impressive array of benefits for seniors. A study published by the National […]
01 / 04 / 17
Affordability Crisis
While the ghosts of the last decade’s housing crisis have (mostly) been put to rest, for many families priced out of their local markets the need for affordable housing remains strong. Like the PC’s infamous “blue screen of death,” the Urban Institute’s map of affordable housing inventory is terrifying to behold. A handful of dark blue swatches in […]
12 / 29 / 16
No Parking
Though parking lots are a necessary evil for many cities, surrendering space to automobiles places an undue burden on housing and urban development. On boulevards and avenues across the country, cars circle in an endless cycle, seeking the perfect parking spot and clogging city streets with noise, pollution and traffic. All the while, the space […]
10 / 31 / 16
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