Everyone is moving to Florida; let us help you!

Jobs, sun, and no income tax is an appeal to most. Florida’s population grew by 14.6% in the last decade – and the pandemic has now created more rapid growth.

The Sunshine State is hot, and it is not just the weather! Over the past few months, people from all over the country choose to leave their states to make Florida their new home. Migration to Florida has been on the rise for the past decade- according to US Census data, the state’s population grew by 2.7 million from 2010 to 2020. Now it is estimated that over 900 people are moving to the sunshine state each day.

Interest rates are low right now, making it the perfect time to buy a home in Florida. Hypotec ensures each of our homebuyers has a tailor-made loan solution. Selecting a mortgage is not straightforward. We provide people with a clear understanding of the differences between their mortgage options based on their individual goals. Hypotec aims to make this process simple to understand and ensure our clients are educated along the way. And we are local, so we can meet you face to face to help get you living the “Florida life” sooner than later. If great rates, a growing economy, and a customized loan product are not incentive enough, here are six more reasons why making a move to Florida might be an excellent decision for you.

Weather

Thankfully, Florida offers beautiful weather throughout the year. It is estimated that the state receives more than 200 days of sunshine each year. Suffice to say, Florida is for people who love beautiful weather. Are you tired of snow-filled, icy, and cold months? Do you want to be able to get outside and enjoy nature daily? If so, Florida is for you. Taxes There is no denying the fact that a state income tax has a negative impact on consumers. Florida also has no personal income tax, creating a big reason for professionals to make a move. Although you’ll have to pay federal taxes on your wages, you won’t need to pay a state income tax. Instead, you’ll be able to keep more of the money you earn.

Diversity

Florida is one of the most diverse states in the United States, including socio-economic, cultural, economic, household, religious, and political diversity. Living in Florida allows you the opportunity to meet people from different backgrounds consistently. Jobs Retirees are no longer the main demographic seeking a move to Florida. With the rise in remote work opportunities, young professionals have more freedom to choose where they want their families to live, with Florida being a top choice. The toxic financial situation in several states is causing top companies, like Spotify, to pack their bags and relocate their corporate offices to South Florida. The hedge fund Elliott Management is moving to West Palm Beach. The private equity firm Blackstone plans to open an office in Miami, and Subway is shifting some business units to Miami. Like JetBlue, the list of very interested companies keeps growing - signaling continued job opportunities among all industries. Freedom Light COVID-19 Restrictions are attractive to many. Florida has mainly remained open during the pandemic, relative to other states, allowing businesses to thrive.

Activities

Florida is overflowing with attractions and fun activities- both indoor and outdoor. And it’s not all theme parks. Florida has you covered whether you like swimming, biking, trail-hiking, fishing, or scuba diving. When living in Florida, you’ll be able to enjoy all of its beautiful beaches without needing to commute too long. Florida residents are always able to find something fun and exciting to do. The time to move is now; don’t miss the boat. Florida’s popularity isn’t expected to end any time soon. According to state projections, Florida will gain an average of 845 new residents a day until 2025. So if you are thinking of jumping ship in your state, act now because you don’t miss this boat on the lower interest rates we currently have.

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