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Article: Senior housing market growing more mainstream.(Commercial Sales & Leasing)
- Article from:
- Real Estate Weekly
- Article date:
- January 9, 2008
- Author:
CopyrightCOPYRIGHT 2008 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Seniors housing market fundamentals are expected to remain relatively healthy in the foreseeable future, as the U.S. population continues to age and tighter lending standards hinder development activity going forward. Rising construction in recent quarters has caused a temporary decrease in occupancy rates, though all segments of the seniors housing market remain strong compared to historical averages and other real estate sectors.
Slower economic growth and the housing market downturn have also contributed to reduced occupancy levels this year, albeit to a limited degree, as slower home sales and declining prices may be preventing some seniors from moving into ...