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Insight Q1 2021: The National Picture and South Florida Real Estate

2021 Presents A Bright Future: Low Florida Tax Rates, Population Growth & Exchange Rates.

South Florida has the ideal mix of variables as a primary home destination – fabulous weather, easy-to-access airports, expanding business hubs, advanced medical & research centers of excellence, burgeoning cultural arts communities, and on-and-on. 

And…. Don’t forget the negative impact of The US Tax Cuts and Jobs Act of 2017 on residents of high-tax states, such as New York and California. No Florida state income or estate taxes for permanent residents is also another very compelling reason to live here. 

Florida is second to Texas in terms of in-migration, with an increase of 661 ’net’ new residents per day establishing permanent residency in Florida. Over the past 5 decades, South Florida has developed into a global community that has become the desired home of a growing number of affluent and diverse residents from all over the world.

As we slowly but surely move through the difficulties of the pandemic and continue our return to normalcy, we have no doubt that South Florida’s popularity throughout both the U.S. and abroad has forever positively impacted our community. 

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Our Associates write often to give you the latest insights on owning a home or property in the Southeast Florida area.