Saturday, June 07, 2008

Still coming in but slower

There are still more people moving in to Florida then out.

I had heard a couple of real estate agents say the opposite so I did some research and found that the most recent data I could find showing a net migration into the state of 35,000 last year.

A recent study by United Van Lines for 2007 showed they are still moving more people into the state then out, albeit only by a small amount.

Basically we have gone from a flood to a trickle.

Given the hard hit housing market across the nation I'm not surprised. But despite the naysayers of gloom and doom it still looks like we are gaining more people.

Think of other states where the net migration is negative. Hmmm, let me think how that might impact the housing market?

Well, more people moving out probably means less demand and more supply which just might result in prices continuing to fall.

In the case of Florida, more people moving in then out should have an opposite effect.

Sunshine and beaches are still an attraction, imagine that.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com

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