Retirement housing crisis

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Apartment Occupancy Rebounds—Only 6 Markets Still Losing Ground link

• National apartment occupancy climbed 140 basis points over the past year, reaching 95.6% in June—marking a broad rebound across nearly all major U.S. markets. Only 6 out of the top 150 markets saw year-over-year declines.

• Lincoln posted the sharpest drop, falling 100 bps to 95.1%—150 bps below its pre-COVID average—due to oversupply, with demand for 876 units trailing 1,139 new deliveries.

• Madison’s occupancy dipped 60 bps to 96.1%, but with new construction down 18% and demand improving, the market is stabilizing and nearing balance again.

Global Industrial Real Estate Faces Power Crunch and Reshoring Surge link

• U.S. tariffs have more than doubled from 10% to 22%, forcing companies to rethink global supply chains and prioritize regional resilience over cost alone. This shift favors reshoring in defense, electronics, and pharma sectors.

• Private capital is now outpacing institutional investment in U.S. industrial real estate, with investors targeting markets like the Inland Empire and Gulf Coast for lower costs and emerging logistics advantages.

• Power and labor shortages are becoming major barriers to industrial growth, especially in the U.S., where outdated distribution infrastructure is slowing data center and cold storage expansion.

Retirement housing crisis: Market slowdown leaves seniors stranded link

• Harborside, a luxury senior living facility in Long Island, charged a $945,000 entrance fee with promises of partial refunds, but after three bankruptcies, it was sold and cut services—forcing vulnerable residents out.

• Continuing-care retirement communities rely heavily on upfront fees to cover debt and operations, making them especially fragile during housing market slowdowns when seniors can’t sell their homes quickly.

• The broader trend shows financial strain across senior housing as delayed home sales shrink incoming cash flow, raising risks for both operators and retirees expecting stable care.

Homebuyers Now Need a $17K Raise Just to Afford a Typical Home link

• The U.S. housing shortage worsened in 2023, with a gap of 4.7 million homes despite 1.4 million new units added. The number of vacant homes available for sale or rent hit 3.4 million, largely due to affordability issues.

• In cities like San Jose and San Francisco, buyers need income increases of $251K and $165K respectively to afford a typical home. Even in mid-tier cities like Milwaukee and Denver, required raises top $36K and $43K.

• A record 8.1 million families are doubling up, mostly millennials and Gen Z, as homeownership drifts further out of reach. Zillow recommends easing zoning laws to increase density and relieve affordability pressure.

Prices Surge in Midwest and Northeast—Rockford and Springfield Lead the Pack link

• Springfield, MA held the top spot for the second month in a row, with homes selling in just 23 days—over 3 weeks faster than the U.S. average—thanks to high demand and low supply. It's now led the rankings five times, driven by its Boston-adjacent location and tight inventory.

• Rockford, IL saw the fastest annual price growth of any hot market in June at 13.4%, despite a median list price of just $249,000. Its proximity to Chicago and relative affordability are attracting buyers priced out of larger metros.

• Nearly three-quarters of June’s hottest markets were priced below the national median, yet saw 2.9x more views per listing. This signals strong investor and buyer interest in lower-cost, high-demand regions—especially in New England and the Midwest.

Atlanta rents stall, investment drops 18%—is the market cooling off? link

• Atlanta’s average asking rent stayed flat at $1,637 in March, while national rents rose 1% year-over-year. Local rents fell 1.6% compared to a year ago, underperforming the U.S. average.

• Multifamily investment dropped to $323 million in Q1, with price per unit falling 18.2% year-to-date to $154,342. This slowdown comes despite strong absorption and stable occupancy at 92.5%.

• Job growth in Atlanta is slowing, with only 23,100 new jobs added over 12 months and losses in half the employment sectors. Trade and transportation shed 8,100 jobs, while education and health added 20,500.

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