After the Great Recession prompted more people to flee than settle in 2008 and 2009, new federal and Wells Fargo data is showing that trend has abruptly reversed.
By 2011, the state saw a population gain of 108,300 after subtracting those who left. Most of those moving to the state came for jobs: "Florida is still a magnet for prime working-age adults," Wells Fargo senior economist Mark Vitner said. Retirees also are again resettling here, he said.
Indeed, Wells Fargo and University of Central Florida economic reports are predicting more people will move to Florida this year and even more in 2013, which will help stimulate economic growth. South Florida should grow 1.1 percent in population this year, to more than 5.7 million people living in Broward, Palm Beach and Miami-Dade counties, according to the UCF's Institute for Economic Competitiveness. In 2013, South Florida should increase another 1.3 percent, the institute predicted.
Many will be wealthy retirees moving to upscale communities now that stocks have rebounded from the depths of the economic downturn, said Sean Snaith, director of UCF's economic institute.
Federal income tax records show recent migrants have come from all over the United States — from Hawaii to Oregon to Maine.
July, 2012, Per Islamorada’s Top producing Realtor Kim Bagnell Thaler, This is great news for the Upper Keys and Islamorada area.
When asked how this could affect Real Estate in the Keys, Kim remarked, “More People relocating to Florida has a direct benefit. She explained further, “Based on historical statistics, at least 50% of these people will become Keys visitors. This is especially true for people relocating to Southern Florida. After all, we are just over an hour away and offer a totally different environment and amenities. It’s really similar to New York and the Jersey Shore.
When asked if this would affect Real Estate sales, Kim further remarked, Again Based on history, more visitors to the Keys means more Vacation homes will get bought. This always happens. More Southern Florida residents directly affects our Business here.
Kim Bagnell Thaler is a pioneer among Florida Keys realtors. Regarded as one of the most influential realtors in the middle and upper keys, she provides expert and professional real estate service. With her vast knowledge, 20 years experience and commitment to the highest ethical standards, Kim remains a standout among other Florida Keys Real Estate companies
