News & Events

News & Events

4.25.2009

Duffy Quoted in The Seattle Times on Demand of Senior Housing

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Lane Powell Shareholder Barb Duffy was quoted in the article titled “Despite recession, demand for senior assisted-living housing is still strong,” published on Saturday, April 25, in The Seattle Times. According to the National Council on Aging, the 65-and-over population is projected to double over the next three decades. Duffy said, “We have not seen any profound reduction in the assisted-living occupancy rates, and many of the larger providers are seeing flat occupancy.”

“Assisted living is a market segment typically premised on immediate housing and care needs, where the consumer cannot afford to wait out current market conditions in the hopes of realizing maximum value from the sale of the primary residence,” Duffy said. “For seniors, to meet the cost of assisted living, they must access the equity of their homes.”