- U.S. News & World Report released its 2022-2023 Best Places to Retire on Tuesday, unveiling Lancaster, Pennsylvania, as the top spot to retire as part of a shift in rankings due to retirees’ concerns over housing affordability.
- “The drastic shift in the housing market, high inflation, and concerns of a pending recession have retirees weighing housing affordability more heavily when considering where to retire,” said Emily Brandon, U.S. News senior editor for retirement.
- “With fixed-rate mortgage rates more than doubling over the past year, it stands to reason that falling affordability would lead to changes in the rankings of the Best Places to Retire,” said Patrick S. Duffy, a real estate economist.
