Relocating causes crazy housing prices In 5 Florida cities. Record numbers of Americans are considering relocating to a new city, according to a recent Redfin report. One-in-four people searching on the site are looking at a new city. The pandemic has brought about a rise in remote working, allowing knowledge workers to choose their location as long as they have an internet connection. Additionally, affordability is a significant factor, with Redfin searchers considering more affordable real estate markets and lower costs of living relative to where they currently live.
As Northern populations relocate, Floridians can expect higher real estate prices, an escalating cost of living, and more population density over the next 10+ years. Some Florida housing costs are up almost 30% over last year alone. Relocating causes crazy housing prices both up and down. Conversely, those left in the North may see some decrease in prices once demand softens in their region. Newsbreak
Florida cities are seeing the highest levels of influx:
1. Miami
Miami takies the top spot. While Miami may not be the most affordable city, it offers all the amenities of a large urban location with sun and surf.
(Photo by Robert King/Newsmakers)
2. Tampa
Our city is fifth on the list in terms of cities getting the most influx, which is significant for a city of its size. With warm winters and beautiful bay views, it’s luring NYC residents down south.
(Photo by Octavio Jones/Getty Images)
3. Cape Coral
This mid-size Florida city is seventh on the list and boasts water, an affluent yachting community, and incredible biodiversity. That, and the sunshine, must be what’s luring Chicagoans.
(Photo by Joe Raedle/Getty Images)
4. Orlando
Theme park central is eighth on this list. Access to fun family activities, world-class dining, and ecological wetlands may be what’s drawing in New Yorkers.
Photo by Alex Menendez/Getty Images)
5. North Port
Chicagoans looking for a quiet suburban town are drawn in by North Port, which boasts copious golfing, mineral springs, and freshwater canals.
(Photo by Joe Robbins/Getty Images)
