Source: Florida Trent —
The growth in residential sales is part of an overall economic boom in South Florida, led by technology and venture capital companies moving from more expensive sites in the Northeast or Silicon Valley to benefit from generally lower costs of labor and living expenses. Florida draws the second highest number of immigrants from other states, following only Texas. According to the 2020 Census cited in the Q1 report, Florida gains a net 661 residents every day, one of 34 states where internal immigration is positive.
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