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U.S. News & World Report Unveils the 2022-2023 Best Places to Retire Rankings

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Lancaster, PA rises to No. 1 this year amid concerns about housing affordability. 

Washington – (PRNewswire) U.S. News & World Report, the global authority in rankings and consumer advice, today unveiled the 2022-2023 Best Places to Retire in the United States. This year’s list evaluated the country’s 150 most populous metropolitan areas based on how well they meet Americans’ expectations for retirement, with measures including housing affordability, health care, desirability and overall happiness – resulting in four new areas in the top five.

Pennsylvania earned three of the top five spots in this year’s list, surpassing Florida in overall top 10 appearances. Lancaster, PA moved up four spots to secure the No. 1 rank due to its scores on health care for seniors, retiree tax rates and overall happiness of its residents. Harrisburg, PA rose 11 positions to the No. 2 spot, and Pensacola, FL rose seven positions to No. 3. Tampa, FL moved up two positions to No. 4 and York, PA saw the largest jump to a top five position, rising 12 positions to No. 5.

“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. “Additionally, with COVID still a concern and access to good, affordable health care being of importance to retirees, Pennsylvania dominated the Best Places to Retire ranking’s top positions, taking five of the top 10 spots on the list.”

Florida remains a highly desired location for retirees overall, with several areas placing high in the rankings and a total of nine appearances in the top 25. But the 2022-2023 ranking’s emphasis on housing affordability, retiree taxes and overall happiness gave way for Fort Wayne, IN to soar 43 spots to No. 15. Other notable top 25 increases include Youngstown, OH moving up 38 positions to No. 21, and Toledo, OH rising 30 positions to No. 23.

This year, housing affordability is most heavily weighted out of the six factors in the 2022-2023 Best Places to Retire methodology, which also includes happiness, health care quality, retiree taxes, desirability and job market ratings.

“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, real estate economist. “As long as both rates and home prices are high, indexes related to things like happiness or health care quality, while important, will take a back seat to affordability. For those lucky buyers able to purchase with cash, as investors, they should still be mindful of housing values adjusting lower to compensate for rising mortgage rates.”

The six measures factored into this year’s rankings were weighted based on a public survey of individuals across the U.S. who are nearing retirement age (ages 45-59) and those who are of retirement age (60 or older) to find out what matters most when considering where to retire. Data sources include the U.S. Census Bureau, the Federal Bureau of Investigation, the Bureau of Labor Statistics and Sharecare, as well as U.S. News Best Hospitals rankings.

Best Places to Retire is part of U.S. News’ expanding Real Estate channel, which provides rankings, tools and advice to help individuals navigate the housing market, from getting a mortgage and home valueestimate to working with an agent and buying and selling a home.

2022-2023 U.S. News Best Places to Retire – Top 10
*See the full rankings here.

  1. Lancaster, PA
  2. Harrisburg, PA
  3. Pensacola, FL
  4. Tampa, FL
  5. York, PA
  6. Naples, FL
  7. Daytona Beach, FL
  8. Ann Arbor, MI
  9. Allentown, PA
  10. Reading, PA

For more information on Best Places to Retire, explore Facebook and Twitter using #BestPlacesToRetire.

About U.S. News & World Report
U.S. News & World Report is the global leader in quality rankings that empower consumers, business leaders and policy officials to make better, more informed decisions about important issues affecting their lives and communities. A multifaceted digital media company with Education, Health, Money, Travel, Cars, News, Real Estate and 360 Reviews platforms, U.S. News provides rankings, independent reporting, data journalism, consumer advice and U.S. News Live events. More than 40 million people visit USNews.com each month for research and guidance. Founded in 1933, U.S. News is headquartered in Washington, D.C.

SOURCE U.S. News & World Report, L.P.

RE/MAX President Geoff Lewis to Retire

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Denver, CO – Feb. 9, 2018 (PRNewswire) RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, one of the world’s leading franchisors of real estate brokerage services, and Motto Mortgage (“Motto”), an innovative mortgage brokerage franchise, today announced that RE/MAX President Geoff Lewis has decided to retire.

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The Board of Directors has determined that Lewis’s responsibilities overseeing the Region Development group will be transitioned to RE/MAX Co-CEO Adam Contos effective immediately and that RE/MAX Region Executive Vice Presidents Josh Bolgren and Kevin Northrup will continue in their roles supporting franchises within owned and independent regions. Lewis will remain with RE/MAX as Senior Advisor for approximately five months, until June 30, 2018, to assist with the transition.

David Liniger, Co-CEO and Co-Founder, commented, “We wish Geoff well in his retirement. We look forward to the future with confidence as Adam works more closely with our Affiliates in both our owned and independent regions.”

Mr. Lewis stated, “It has been a great honor to have served as President of the leading real estate franchising company in the world. I especially want to thank the tremendous team that has supported me in my role. I remain confident that RE/MAX will retain its number one position and wish the company the greatest of success. I have decided that the time is right for me to retire.”

Lewis joined RE/MAX World Headquarters in 2004 as Senior Vice President, General Counsel and became Senior Vice President and Chief Legal Officer the following year. He was promoted to Executive Vice President, Chief Legal and Compliance Officer in 2013 and was named President in 2015.

About the RE/MAX Network

RE/MAX was founded in 1973 by David and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 115,000 agents provide RE/MAX a global reach of over 100 countries and territories. Nobody in the world sells more real estate than RE/MAX as measured by total residential transaction sides.

RE/MAX, one of the world’s leading franchisors of real estate brokerage services, and Motto Mortgage, an innovative mortgage brokerage franchise, are subsidiaries of RMCO LLC, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE: RMAX).

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as “believe,” “intend,” “expect,” “estimate,” “plan,” “outlook,” “project,” “anticipate,” “may,” “will,” “would” and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. Forward-looking statements include statements related to agent count, franchise sales, revenue, operating expenses, financial outlook, dividends, non-GAAP financial measures, housing market conditions, the Company’s management roles and plans for its leadership structure as well as other statements regarding the Company’s strategic and operational plans and business models. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily accurately indicate the times at which such performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Such risks and uncertainties include, without limitation, (1) changes in business and economic activity in general, (2) changes in the real estate market or interest rates and availability of financing, (3) the Company’s ability to attract and retain quality franchisees, (4) the Company’s franchisees’ ability to recruit and retain real estate agents and mortgage loan originators, (5) changes in laws and regulations, (6) the Company’s ability to enhance, market, and protect the RE/MAX and Motto Mortgage brands, (7) fluctuations in foreign currency exchange rates, as well as those risks and uncertainties described in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company’s website at www.remax.com and on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no obligation, to update this information to reflect future events or circumstances.