According to AARP, life expectancy during the second half of the twentieth century grew by nearly thirty years. Consider the following chart:
According to the U.S. Census Bureau, life expectancy since 1940 has increased dramatically.
Not only are Americans living longer, but they are also living better and maintaining a balanced lifestyle. American seniors, age 50+, are the fastest growing age group. The increase in life expectancy will likely have a significant impact on the number, and perhaps type of homes, that will be required to provide for the growing senior population for years to come. According to the Pew Research Center and the U.S. Census Bureau, every day for the next 20 years, about 10,000 more Americans will reach retirement age. In other words, 20 years from now, about 18% of the population will be over retirement age. Consider the positive impact on the long-term value of real estate as much of the aging population needs to stay in housing longer than ever before.
If over 70 million Americans reach retirement age over the next 20 years how many will be buying homes in Florida?
Imagine the positive impact of this migration on real estate values.