real estate Baby Boomers Are Flocking To These 2 Trendy Phoenix Zip Codes A new study shows that baby boomers are big fans of cities. By Feroze Dhanoa, Patch Staff Jun 14, 2019 11:13 am ET.
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Lawrence Yun, NAR chief economist, says Florida and Arizona cities attract many baby boomers. In addition, the share of men and women working after their 65th birthday has increased, setting the stage for elevated baby boomer buying activity in metro areas with a dynamic local economy, adequate housing supply and a lower cost of living.
Arizona draws more Baby Boomers than every state but Florida. Sunshine, affordable housing and low taxes are drawing more Boomers here. A couple of new rankings show how popular the state is for.
Florida and Arizona: Baby Boomer Magnets Ben Contents Conforming jumbo loans Boomers. lowed closely attracting seniors;. baby Million baby boomers According to the Baby Boomer Survey conducted by PulteGroup, Inc., Baby Boomers are planning to retire earlier than before – at an average age of 63.7 today rather than age 65 in 2013.
With more than 10,000 baby boomers turning 65 every day in the United States. For those with enough, you may find the ability and desire to move to Arizona or Florida and golf everyday not all that.
An aerial view of Sun City, Arizona. In Florida, they are targeting buyers who can afford large homes-but who are willing to accept much smaller spaces in retirement, provided the location is cool.
A couple of new rankings show Arizona, and particularly several Valley cities, are the most popular for Baby Boomers to move to after they stop working full time. Arizona ranked second behind Florida for drawing the most people over 60, according to personal finance firm Smartasset.
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Sunbelt states that attracted large in-flows of baby boomers during the 2000s have seen the number of new migrants dwindle in recent years. Similarly, sending states and communities that were losing baby boomers have seen the out-flow taper off. 5. Arizona, Florida, and Nevada were the three most attractive states for boomers between 2000 and 2007.
Today’s senior population, now engulfing more of the baby boomer generation than before the recession, are more selective in their destinations, heavily located in Arizona and Florida.
Fifteen years ago, Baby Boomers were building large, sprawling, multi-bedroom houses in states like Arizona, Florida, and the Carolinas. Now they’re looking to downsize, reports the Wall Street.
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