The freefall in U.S. home prices is forcing many elderly Americans to postpone plans to move into senior housing developments until they are able to sell their homes .
“We’ve felt the pinch,” said David Freshwater, who three years ago sold his chain to Sunrise Senior Living, and now runs a group that invests in the sector. “People don’t want to sell when they have a price in their mind and Millie down the block sold her house for that amount.”
Have you or someone you know postponed moving into a planned retirement community because of the state of the housing market?
To read the full story on how the housing market affects senior citizens, click here.
For full coverage of the housing crisis, click here.
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