Florida Market Rebound May Be Led By Retirees

By
Services for Real Estate Pros with Lang Realty FLORIDA SL456703

The August 3rd Sun Sentinel lead article, "New wave of Baby Boomers ready to descend on Florida," offers plenty of hope for the state's depressed housing market of the past two years.

According to the article, "Between 2010 and 2030, Baby Boomers, born between 1946 and 1964, are expected to descend on Florida in even larger numbers and will increase their standing as the state's largest age group. The reason: They are nearing retirement age, the state's housing prices have become more affordable and Florida's tropical climate remains a draw."

 

 

Comments (5)

Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Connie,

Thanks for the ray of hope. It would be interesting to look at today from 5 years from now. I am sure that the huge waive of baby boomers will change the market and drive it up liek we never coudl imagine.

Aug 05, 2008 04:49 PM
Ralph Nudi
Success Realtors brokered by eXp Realty - Kenosha, WI
"YOUR success IS our success"

Connie,

I live in Kenosha, Wisconsin, but could not agree with you more. My grandfather has had a winter home in Sarasota for years. Now that my father and aunt are getting closer to retirement age, they have both made recent purchases this year, because of the great prices right now.  It's safe to say there is a BLUE LIGHT SPECIAL on Florida retirement homes.  Every retiree loves a bargain!

Aug 05, 2008 04:51 PM
Lynn911.com ~ Dallas Real Estate Agent Top Team
Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com - Dallas, TX

GREAT to know that where I am have "social conversation with my peers".... have a great week.

Aug 05, 2008 04:52 PM
Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

I can only hope this is accurate. We bought there at the very height of the market, and are WAY upside down...and want to sell. I am excited at the thought of a market rebound.

Aug 05, 2008 05:01 PM
Dave Philipp
Lyon Real Estate - Sacramento, CA

Yeah, bring on the old people with money...problem is they need to sell something first huh?

Dave

Aug 05, 2008 05:15 PM