The United States is undergoing an unprecedented demographic shift as 10,000 baby boomers reach retirement age each day. As a result, senior housing will become more of a necessity than it already is, and in particular, affordable housing options for middle-income seniors will be vital; a recent study on the “forgotten middle” predicts that by 2029, 54 percent of seniors will not have the financial means to pay for their combined housing and health costs.
Macy’s Inc. plunged after a worse-than-expected second quarter underscored investor fears that the teetering department-store industry is slated for more pain ahead.
The inverted yield curve could make another interest rate cut more likely, reports CNBC. AT&T has set an October auction for 37 surplus properties, according to Telecompaper . These are among today’s stories from around the commercial real estate industry.
