Wednesday, February 13, 2008

Volusia County population

“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 boomers 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. “We are in for a retiree boom, and we are in the right place for it,” said Patricia Osborne, a sales associate with Prudential Tropical Realty’s Port Richey office. Looking at 2006 Census statistics, Osborne said 10.6 percent of the U.S. population will reach retirement age in the next decade. “That's nearly 32 million people who are age 55-65 right now,” she said. “Because of our weather, the cost of living and the services already in place, we will continue to attract retirees.”

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