The U.S. Census Bureau says Florida’s population grew by 1.6% from 2022 to 2023. That’s the second highest rate among all states. About 1,000 people moved to Florida each day, totaling 365,205 new residents.
The study of high-wage earners looked at two groups: young professionals aged 26-34 and those in their prime working years aged 35-54. High-wage earners made over $200,000.
From 2021 to 2022, Florida saw a net gain of over 1,700 young professionals earning over $200,000, the highest in the nation. Texas and Colorado followed. Among those aged 35-54, Florida had a net gain of over 10,600 high-wage earners, based on Census data.
Mortgage Rates
Increase
Mortgage rates increased this week, coming in just under seven percent. Both new home and pending home sales are down, causing active listings to rise. We are still expecting rates to moderately decrease in the second half of the year and given additional inventory, price growth should temper, boding well for interested homebuyers.
