Florida Remains a Powerful Magnet for Retirees

As the aging baby boom generation moves into their retirement years, Florida remains a prime destination for active adults, according to real estate professionals around the state. “We’re seeing signs of growing demand for homes in our market – especially from the Baby Boomers,” said Nancy Riley, a broker with Coldwell Banker Residential Real Estate in Pinellas County and 2007 president of the Florida Association of Realtors® (FAR). “More boomers are turning 60 every year and a substantial number are looking to buy in Florida.” According to the U.S. Census Bureau, there are 76 million members of the baby boomers generation born between 1946 and 1964. As of 2007, the boomer range in age from 61 to 43 and comprise nearly 28 percent of the adult U.S. population. If only 5 percent of the boomers eventually retire to Florida, that alone would add 3.8 million new residents.

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