The workforce dynamics in America are currently undergoing a significant shift, with more people moving towards the South, particularly Florida. This trend is most evident in areas such as Northport-Sarasota, which have experienced significant migration as per LinkedIn's Workforce Report. This movement represents a change in the workforce's preferences, with many seeking the favorable climate, relaxed lifestyle, and economic opportunities that states like Florida offer. Florida's appeal is multifaceted, attracting a diverse range of professionals. The factors driving this shift include the state's pleasant weather, no income tax policy, and the promise of a slower pace of life near the beaches. These aspects are particularly attractive to younger professionals and retirees alike. This shift is not just about lifestyle preferences; it also reflects broader economic trends. Florida's GDP growth has been robust, significantly outpacing the national average. This economic vitality has made the state an attractive destination for both living and working. In conclusion, Florida's rise in migration trends is a clear indication of its growing appeal to America's workforce. This shift presents new opportunities and challenges for both individuals and businesses in adapting to the changing economic and demographic landscape. Are you relocating to the area and need a home to call your own? Give our Client Coordinator, Jennifer Albright, a call to get your journey started, or shoot her a text at 941.685.6850. Alternatively, you can start right away online, by clicking this link >  https://bit.ly/3RRCPYI

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy. A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at CoreLogic, reports: “U.S. home prices rose by 0.8% in February . . . indicating that prices in most markets have already bottomed out.” And the latest data from Black Knight shows the same shift. The graph below compares home price trends in November to those in February: So, should you keep waiting to buy a home until prices come down? If you factor in what the experts are saying, you probably shouldn’t. The data shows prices are increasing in much of the country, not decreasing. And the latest data from the Home Price Expectation Survey indicates that experts project home prices will rise steadily and return to more normal levels of appreciation after 2023. The best way to understand what home values are doing in your area is to work with a local real estate professional who can give you the latest insights and expert advice. Bottom Line If you’re waiting to buy a home until prices come down, you may want to reconsider. Let’s connect to make sure you understand what’s happening in our local housing market.