Many major states in the US such as New York, California, and Florida all have an allure that will usually bring in numerous tourists. However, in recent years, moving to Florida has emerged as a go-to destination, showing both an explosion in real estate supply and population growth. But what factors are driving this population boom and skyrocket in the housing market?
The recent changes in Florida can be attributed to the COVID-19 lockdown, and the changes that accompanied it. Things such as more remote work flexibility, house constructions, and first-time homeowner access than other states such as New York and California. With the ability to accommodate more people and a lower average home price than the aforementioned states, many flock to enjoy Florida’s quality of life. The temperate climate and no state income tax make sure that those who come to Florida want to stay. But, before becoming a Florida resident, it’s important to learn about the best ways to move into a Florida home.
Fortunately, mortgage companies like Next Wage Mortgage make the process as easy as possible. Mortgage companies help to not only connect you with rebates and credits, but also to educate homeowners on their loan options and other financial assistance.