Florida

Post-Boomers: Will Florida real estate appeal to the next generations? | Home Front

Published

1 year ago

June 30, 2024

Post-Boomers: Will Florida real estate appeal to the next generations? | Home Front

Budge Huskey
| Special to the Herald-Tribune

Florida has always proven a desired destination for those entering the next chapter of life, most recently fueled by the number of Baby Boomers reaching retirement age running between 3.5 and 4 million annually. Born from 1946 to 1964, Baby Boomers represent one of the largest generational cohorts with approximately 76 million people representing the wealthiest and, therefore, the most enabled in history.

Florida’s appeal has been undeniable, as evidenced by its consistent ranking in the top-three destination states of all online home searches in the U.S., regardless of age. This isn’t surprising given our state’s weather, lack of state income tax, and attractive lifestyle options. Indeed, Boomers make up 41% of Florida’s homeowners and, as Millennials age and the first Gen Xers approach retirement, the demand for housing in Florida will accelerate.

The demographic shift presents challenges and opportunities to accommodate Boomers’ housing needs and preferences. A 2021 AARP survey found that 77% of Americans over 50 plan to stay in their homes as long as possible, signaling a growing market for home modifications, expansions, and community-based support systems to aid aging in place. This choice to stay put lies heavily in favorable tax laws, current low-rate mortgages, and the desire to remain in familiar communities.

With what is described as “The Great Wealth Transfer,” Baby Boomers are passing an estimated $70 trillion to the next generation. This transfer includes wealth in cash and existing homes bequeathed to relatives.

Logic suggests an enormous lift in real estate demand and opportunities for the state. Yet that assumption implies a consistent perspective on real estate from generation to generation for which evidence may suggest otherwise. Shaped by impressionable events such as the Great Recession and volatility in housing values, Millennials approach real estate with more caution and lower overall expectations, choosing to allocate less in primary residences while diversifying more into other forms of investments.

Also among the distinctions may be desired home size. Boomers own twice as many large homes with three or more bedrooms as Millennials. This trend indicates a potential sharp rise in available larger home inventory as Boomers choose to relocate or pass and a question as to whether the next generation will have a similar appetite to absorb. If not, values may not trend with the overall rate of appreciation seen with smaller homes.

Further, as the top second home market in the country, the shift from one generation to another may also be felt in this housing category. While Baby Boomers viewed second homes as investments for retirement, a place for multigenerational family gatherings, and avenues to legacy building, there is evidence Millennials place greater value on flexibility and the thought of experiences in different locations made possible through renting rather than owning a resort property.

By 2030, all Boomers will be at least 65, presenting Florida’s real estate market with challenges and opportunities. This evolution will influence home sales, new construction development, and community planning across the state. Sheer demographic and wealth statistics strongly suggest Florida will continue to be a winner among states as it relates to real estate.

In the end, it may depend on whether children, despite their initial protests, become more and more like their parents when they age as so often we have discovered.

Budge Huskey is chief executive officer of Premier Sotheby’s International Realty.

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Florida

Gisele Bündchen and Joaquim Valente enjoy Florida day date on jet skis

Published

8 minutes ago

December 14, 2025

Press Room

Gisele Bündchen and Joaquim Valente enjoy Florida day date on jet skis

Gisele Bündchen and her boyfriend, Joaquim Valente, soaked up the sun during a jet skiing date in Florida.

The model and the MMA athlete appeared in good spirits while on the water near their home in Surfside on Saturday.

They both stayed close to each other and sported life vests.

Bündchen, 35, appeared to be wearing a white one-piece bathing suit underneath her vest.

She accessorized with sunglasses and styled her hair in a ponytail.

As for Valente, he sported black swim trunks.

The couple, who have been romantically linked since 2023, enjoyed some quality time together after welcoming a son together in February.

While Bündchen and Valente have shied away from revealing too much about their infant, they recently took him out on a boat ride in September.

At the time, the former Victoria’s Secret model was seen cradling her son while her beau took the wheel.

Valente then adorably held onto their 10-month-old, as Bündchen watched in awe.

The health guru also shared a rare glimpse of her son alongside her 16-year-old son, Benjamin, in October.

The teenager adorably held onto his little brother while playing the piano.

Bündchen shares Benjamin and her daughter Vivian, 13, with her ex-husband, Tom Brady.

The exes were wed from 2009 to 2022.

The former NFL star also shares an 18-year-old son, Jack, with his ex Bridget Moynahan.

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Florida

Florida Class 4A state championship: How to watch American Heritage vs. Jones

Published

12 hours ago

December 13, 2025

Press Room

Florida Class 4A state championship: How to watch American Heritage vs. Jones

The Florida High School Athletic Association (FHSAA) football state championships continued last night down in Miami at Pitbull Stadium as the Raines Vikings upset the Northwestern Bulls for the the Class 3A state championship, provind the most exciting game of the week thus far. Another rematch from last year’s finals pits the American Heritage Patriots versus the Jones Tigers for the Class 4A state championship this afternoon. We preview the sixth of seven FHSAA state championship games as teams begin being crowned as champions of their classifications.

How to Watch American Heritage vs. Jones in Florida 4A state championship game

Date: Saturday, Dec. 13
Time: 12:30 p.m. ET
Location: Pitbull Stadium in Miami, Fla.
TV Channel: NFHS Network

American Heritage Players to Watch

QB Leon Strawder: Strawder is making his second consecutive appearance in a state championship game, this time with a different team, however. The senior has thrown for 2,052 yards and 19 touchdowns.

WR Jamar Denson: Of the star-studded wide receiving corps for American Heritage, its Denson who has been Mr. Reliable thus far this season. Throughout the course of the season, Denson has hauled in 69 passes for 991 yards and 15 touchdowns.

WR Jeffar Jean-Noel: The Georgia Tech commit has been the second option behind Denson on offense, with Jean-Noel catching 57 passes for 795 yards and six touchdowns.

LB Dylan Bennett: Anchoring the front seven of the Patriots’ defense is the senior linebacker, who currently leads the team with 61 total tackles, 17 them going for a loss and five sacks.

Jones Players to Watch

QB Dereon Coleman: The Miami signee is as calm as they come in the pocket as the senior quarterback has thrown for 2,749 yards, 28 touchdowns and only three picks this Florida high school football season.

WR Larry Miles: Coleman’s favorite target to throw to is the Nebraska signee as the senior looks to end his high school career with a state crown. Miles has caught 88 passes for 1,111 and 10 touchdowns.

OL Xavier Payne: The 6-foot-7, 275-pound Colorado offensive tackle signee will have the job of making sure Coleman stands upright throughout the afternoon against American Heritage’s pass rush.

EDGE Frederick Ards: The 2027 four-star EDGE rusher for the Tigers has been superb, racking up 73 tackles, 13 for loss and 11 sacks.

Where to Watch the Florida Class 4A state championship on livestream:

You can watch the American Heritage Patriots take on the Jones Tigers starting at 12:30 p.m. ET on NFHS Network.

For Florida high school football fans looking to keep up with scores around the nation, staying updated on the action is now easier than ever with the Rivals High School Scoreboard. This comprehensive resource provides real-time updates and final scores from across the Sunshine State, ensuring you never miss a moment of the Friday night frenzy. From nail-biting finishes to dominant performances, the Rivals High School Scoreboard is your one-stop destination for tracking all the high school football excitement across the state of Florida.

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