It has Sun City developer Del Webb changing its strategy and building smaller communities and in cold-weather climates because some boomers want to stay close to family and friends, rather than move across country to places like Arizona. Phoenix seems a likely destination to hear about the future of retirement development since it is home to Webb and Arizona is one of the top three spots in the nation for current retirees. It will likely be a hot spot for boomers, too. Figures from the housing research firm Meyers Group presented at the conference showed Valley retirement home buyers will more than double in the next 20 years. Though some will opt for smaller houses with better perks and less maintenance, others might actually switch to larger houses of 2,000 square feet or more.
Boomers also have money, even though the stock market is down.
Huge appreciation gains in the housing market are giving them the chance to cash out and buy something else. All the experts agree the boomers, who will inherit trillions of dollars from their frugal parents, will spend money to create a home where they can play a lot and work a little. In the future, we are all going to be doing business for baby boomers.