Did you know?
Over 50 % of Boomers plan on buying a new home for retirement and about the same amount intend to move to another state at retirement, with many seeking a better community lifestyle.
Here are some interesting facts about Baby Boomers and Real Estate (Source: 2005, Harris Interactive, Del Webb Baby Boomer Survey):
- 59 % of younger Boomers (ages 41 to 49) and 50 % of older Boomers (ages 50 to 59) indicate they plan to buy a new home for their retirement.
- Of Boomers willing to move at retirement, 66 % of older Boomers indicate they would move for a better community life-style, and 54 % would seek a warmer climate.
- Nearly half of all respondents (ages 41 to 69) who will move indicate that staying within three hours of family would be an important consideration when deciding where to relocate for retirement.
- Among those willing to move to a different state, the most preferred states to move to for retirement by age group are: ages 41 - 49, North Carolina (14 percent): ages 50 to 59 and 60 to 69, Florida (18 percent and 17 percent, respectively).
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1 Comment on Baby Boomers and Real Estate in Florida »
September 19, 2007
Jeff Wilson @ 3:05 am:
Didn't know that over 50 % of Boomers were planning to buy a second home. That's really interesting for me as a real estate broker. Thanks for the post.