Our most recent AARC Annual Conference (in Chattanooga, Tennessee in 2019) had a great lineup of speakers and sessions. One highlight was a presentation by Gregg Logan of RCLCo, one of the leading resources for industry research. Recently, RCLCO released the results of their Real Estate Market Sentiment Survey, which has tracked confidence in U.S. real estate market conditions for the past 10 years. The Mid-2021 results showed strong optimism for the coming year:
- The RCLCO Current Real Estate Market Sentiment Index (RMI), which measures sentiment on a 100-point scale, increased 57.5 points over the past six months, from 31.6 at the end of 2020 to 89.1 at Mid-2021 – a high not seen since Mid-2015.
- On top of that, approximately three-quarters of survey respondents believe real estate conditions will be moderately or significantly better over the next 12 months.
- 7 out of 10 respondents felt that rising construction costs have had a significant impact on the real estate market – although these effects are likely to temper somewhat over the next 12 months.
- A majority of respondents expect interest rates to rise over the next 12 months, but homeownership rates will still rise.
A good overall real estate market has tremendous benefits for the relocating retiree – they’re able to sell the previous residence more easily and for more money, which makes the transition to a destination community easier. Insights from firms like RCLCO are a cornerstone of the AARC, and a key benefit for attending our annual conferences. Stay tuned for the roster of resources at our 2021 Conference, scheduled for this November in Myrtle Beach. I liik forward to seeing you – and learning with you – there!
Chair, The AARC
Private Communities Registry Releases Their 2021 Survey of Homebuyers & Renters Researching Lifestyle Communities
Each year, Private Communities Registry, Inc. (PCR) gathers insights from thousands of people interested in buying or renting in a master-planned lifestyle community. The Survey of Homebuyers & Renters Researching Lifestyle Communities report provides insight into the behavior, motivations, and financial situations of retirees and pre-retirees searching for not just a home—but a lifestyle. With more than 1 million annual visitors to privatecommunities.com , this report represents a small but powerful segment of the data collected from consumers that requested information on at least 1 lifestyle community showcased on the site. The findings provide key market intelligence for builders, developers, clubs, ad agencies, realtors—and anyone involved with the planning, development, and marketing of lifestyle communities.
Download Your Full Copy of the 2021 Report – Click Here
Building with Universal Design Concepts Enables Aging in Place
National Association of Home Builders| June 28, 2021