The relentless pace of migration is putting pressure on public services and inflating costs across sectors. While New York has long been a top source of incoming residents, 2023 saw California contribute 6% of new arrivals — a notable shift from the West Coast toward Florida’s economic and political climate. Georgia, Texas, and New Jersey also ranked among the top five origin states.
It’s a pattern that echoes California’s experience: soaring housing costs, escalating insurance, and aging infrastructure eventually led to a population outflow. Florida, once viewed as a destination for relief and reinvention, is now seeing early signs of the same phenomenon — a reversal driven by its own explosive growth.
Source: Residential News
Mortgage Rates
Decrease
The average mortgage rate decreased slightly this week. Over the last couple of months, the 30-year fixed-rate mortgage has fluctuated less than 20 basis points, and this stability continues to bode well for buyers and sellers alike.
