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Insurance carrier exodus rattles California and Florida housing markets

South Florida real estate market still booming in 2021

| 5/10/2021 South Florida real estate market still booming in 2021 The growth in residential sales is part of an overall economic boom in South Florida, led by technology and venture capital companies moving from more expensive sites in the Northeast or Silicon Valley to benefit from generally lower costs of labor and living expenses. Florida draws the second highest number of immigrants from other states, following only Texas. According to the 2020 Census cited in the Q1 report, Florida gains a net 661 residents every day, one of 34 states where internal immigration is positive. Sixteen states including New York and California are losing population. More from the World Property Journal and the South Floriida Sun-Sentinel.

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