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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.
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Canadians have bought significantly more expensive homes in the United States over the past year, as they look to their southern neighbor for sunny, high-end vacation spots in places like Florida,
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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Many Boomers will move to traditional retirement locations, such as Arizona and Florida, according to Gronbach. In fact, Phoenix and Orlando made SpareFoot’s new list of Baby Boomer Boom Towns, but neither one came out on top.
The latter group included florida retirement magnets and also mostly older industrial areas of the. not yet reflect the experiences of the baby boomers. lowed closely by utah and Arizona. in.
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A new study by the NAR found that many baby boomers who had to delay retirement will finally be leaving the labor market and moving to lower cost, sunnier metro areas. NAR’s study results came from an analysis of current population trends, housing affordability, and local economic conditions.
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A wave of retirements among baby boomers in the coming decades will have a big impact. While the list includes plenty of Sun Belt cities in Florida and Arizona, it also includes less obvious.
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