The Sunshine State has seen both a surge in real estate markets and skyrocketing population growth within the past 2 years. This trend can be seen from Jacksonville to Miami, even in small municipalities such as Minneola and Palm Springs. Both trends started around 2020, as a potential unintended result of the pandemic. Let’s learn why moving to Florida has become so popular below.
But how could the pandemic factor into Florida’s soaring popularity? Certain consequences of the pandemic such as remote work and more availability of work post-pandemic may be the reason. In fact, Florida has over 16% of all residents working remotely in 2022 and its 3rd highest employment increase in 2023. On top of that, Florida has also become more accommodating with more building constructions and lower housing prices than other major states such as California or New York.
While becoming a Florida resident sounds enticing, it is important to be smart about it. By taking advantage of the different types of loans and fluctuating interest rates, you can make the move to Florida as seamless as possible. Fortunately, mortgage companies such as Next Wave Mortgage make moving easy. They offer education on loans and down payment assistance as well as the ability to connect you with rebates and credits that you qualify for.
