Beth Burnham Mace
Association adds chief economist to reduce sector’s reliance on assumptions
By Murray W. Wolf
In the absence of hard data about the U.S. economy’s impact on senior housing, decision makers in the sector must often rely on assumptions.
For example, most senior living operators and real estate professionals assume that periods of weak single-family home sales volumes and low sales prices – such as during and after the Great Recession – discourage seniors from selling their homes and moving into independent living communities. But that has not been proven.
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