Florida has been seeing overwhelming growth over the past decade. Large cities and small counties alike are increasing steadily. First-time and general homeowners alike are flocking to the state. There are some surface level reasons people can cite for this. Things like the great weather, the culture, or the beaches. Yet there are some real and important reasons that moving to Florida is seeing so much success.
First and foremost, the housing market in Florida is in a great place. While homes aren’t the cheapest, they have low down payments, low interest rates, and massive appreciation. For those that think of homes as an investment, there’s no better place to invest than Florida currently.
On top of this, living in Florida presents a lot of opportunities to new inhabitants. The state has the highest percentage of small businesses in the nation. Employment was rising as recently as 2022. And the lack of income tax means that people are getting more out of their paychecks every month.
These are the more substantial reasons as to why people are flocking to Florida. There are still risks, natural disasters being an unavoidable aspect of the state. Foreclosures are also seeing a quiet rise which could mean future complications. Although clearly people see those risks as worth the benefit.
The best part of this all is that Florida can openly accommodate all that are coming. Houses are being built at a shocking rate, mortgages are being given out easily, and the state is just big. So for anyone considering buying a home in Florida, the answer may be as simple as just do it. There may never be a better time to do so in the state.
Read more: Buy Before You Sell
