๐Ÿ“ฃ The Future of Florida’s Growth – Net Migration ๐Ÿ“ˆ Hoey Team โ˜˜ exp Realty ๐ŸŒด Southwest Florida ๐Ÿ€

Dated: June 8 2021

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Florida Realtors economist: Economists predict there will be an additional 1.4 million Floridians by 2025 – a good omen for real estate. However, not all of the state’s counties will see equal growth over the coming years.

ORLANDO, Fla. – What will Florida’s population be in 2025? Estimates from both Florida’s Office of Economic & Demographic Research (EDR) and the University of Florida’s Bureau of Economic and Business Research (BEBR) anticipate over 23 million people will reside in the Sunshine State.

That’s a 7% increase from their 2020 population estimate of 21.6 million (created before the release of the official Census count) and good news for real estate – increased population generates demand for housing.

There’s insight to draw from each of the different, but similarly trending, estimates. EDR provides breakdowns into the components of population: net natural increase (births-deaths) and net migration, while BEBR presents a projection for each Florida county.

Before we look ahead, let’s revisit the past. Since 2010, Florida added nearly 2.9 million people. Of that growth, approximately 10% of the gain happened through natural increase. The remaining 90% was attributed to net migration; more residents come to Florida than leave, and the share of growth due to net migration increased over the years.

Now we go back, back to the future. EDR provides a bleak picture for natural increase. It anticipates the number of deaths will be higher than births.

Still, net migration will more than cover the losses from natural increase through 2039, where the estimates stop.

Florida Realtor Magazine 2021 06 08 The Future of Floridas Growth Net Migration since going through the China COVID-19 Coronavirus plandemic Hoey Team exp Realty

Population gains will not be distributed evenly across counties. Using BEBR’s baseline estimates, which they believe generally provide the most accurate forecast, rural counties are expected to have less growth than other areas of the state – a continuation of a familiar trend. On the other hand, many counties are predicted to see double-digit increases.

Top 10 Population Growth Counties (2020-2025)

  1. Sumter: 18.7%
  2. Osceola: 17.2%
  3. St. John’s: 16.3%
  4. Walton: 15.0%
  5. Flagler: 12.4%
  6. Lake: 11.6%
  7. Nassau: 11.1%
  8. Lee: 10.5%
  9. St. Lucie: 10.4%
  10. Orange: 10.1%

BEBR estimates county growth through 2045. Sumter (68%) and Osceola (66%) still achieve the highest gains among Florida counties.

While reviewing your business plan, population estimates can serve as an informative piece of the puzzle. BEBR incorporates past estimation errors to calculate low and high estimates. The range is useful to evaluate potential diversions that may reflect reality once the population is known.

Whether you’re in a high growth area or a low growth area, your next step is finding the source of the population gain and whether these new residents could be your next client. Geographic mobility data can be found on the Census website and county-to-county movement is available through the Census Flows Mapper.

Discover more about the growth projections through the following links:

Erica Plemmons is an economist and Florida Realtors Director of Housing Statistics

๐Ÿ€ The Hoey Team โ˜˜ serves all of Southwest Florida ๐ŸŒด Helping Sellers & Helping Buyers โ˜˜ 

Recently Barry & Kim with the Hoey Team halped a number of sellers who had been in Foreberance and we were able to get them to a "good place"; worry free.  We help people in many different situations; everybody's situation is different; if you know someone needing help; have them reach out to us in confidence: 239-360-5527 โ˜˜

As people continue to move and relocate to the general areas of Lee & Collier Counties from other parts of the United States, it is important that we are able to serve all of the area; which we do efficently, with the ability offer many different Choices and Lifestyles all of which are in abundance here in SW FLA ๐ŸŒด

Inventory remains low overall, but we do continue to list and market new properties to the marketplace and we sell many different type homes; Resale & New Construction; Multigenerational Family Compounds, Regular Single Family Homes, Villas, Townhomes and all Condo types, from low rise, to waterfront high rise right on the beach. 

We have also seen an uptake in people planning ahead, and buying that second home now, rather than waitiang as they were planning to do; especially with Snowmads and Zoombirds.  Previously we had Snowbirds; interesting how terminology keeps changing. 

Lower interest rates are probably helping with the increased sales; oftentimes over asking price.  Low inventory is the greatest chalenge for buyers; but if prepared you are ahead of the game; ask how we can help.  We recently got an amazing deal for a buyer on a Waterfront Condo with Boat Dock; and we are working on others; so there are deals out there; if you work with us, we will find them. 

For those relocating to Florida, we are pleased to be able to assist homeowners in other parts of the United States who need to sell to buy here; please reach out today for more information and how you can have a smooth, non-stressful transition / relocation.

At our Real Estate Team; Hoey Team โ˜˜ we have been succesfully working 100% virtually / remotely for the past number of years as we continue to grow; i'm glad we already had systems in place to better help sellers and buyer with goal posts continually moving in our industry.

Article content from FR (Florida REALTORS) Newsletter Magazine, and from other sources including Hoey Team โ˜˜ exp Realty & Freddie Mac / Fannie Mae and others

For those Living in or Visiting Southwest Florida wanting additional resources, or a list of places to see / visit:   www.VisitCollier.Com      Feel free to share this resource page with others  ๐ŸŒด

NOTE for Buyers and Sellers: On our Hoey Team โ˜˜ VIRTUAL OPEN HOUSE Page you may WATCH ? Detailed HD 3D Immersive VIDEO ? Walkthrough Tours for all our COMING to MLS & AVAILABLE LISTINGS right HERE: ? www.SWFLVRE.com  ? 

For more Real Estate related information, or if you have questions on any aspect of Buying, Selling, Upsizing, Downsizing, Moving within or Relocating to or from Florida (the number 1 state for people to move to), or on any aspect of the Real Estate Market, Locally, Nationally or Internationally, please let us know, we can help, we can address / answer your questions, and we are always available to help you or someone you know.

P.S. --> If You'd like for us to create a Video Tour for ANY of the Properties on our website, just CLICK "Video Request Button"; from property details https://HoeyTeam.239RealEstateDeals.Com

CLICK HERE to Visit our High Definition Virtual 3D Open House Tours Page 24/7

Click Here for our most recent Market update Report for Southwest Florida and beyond.

We do not discriminate on price, we help homeowners and renters in all price ranges; Click Here for more information on the Hoey Team โ˜˜ and what we do to help or visit HoeyTeam.Net anytime.

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Best Places to Retire? 13 of the ‘Top 25’ Are in Fla โ˜˜ Hoey Team โ˜˜ exp Realty ๐ŸŒด Southwest Florida ๐ŸŒด

Also; please check out the other blogs, and tabs to many other Links, Updates, Reports & Stats that we have here on our informational website.  

We hope that you find the information useful.  If you have any questions, please do not hesitate to contact Barry or Kim with the Hoey Team โ˜˜ brokered by eXp Realty

Email us at Barry@SWFLLuxury.Com  or KimZuponcic@Gmail.com or Call/Text the Hoey Team โ˜˜ at:  (239)-360-5527 

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Feel free to refer any family or friends; it is the greatest compliment that you can give to us; we really appreciate referrals from Past Customers, Friends and Fellow REALTORS, who we help in any way we can. 

Most of our business is referrals by word of mouth; from past Sellers and Buyers who we have helped; please ask for and check out our testimonials and Sales Stats.  Thanks, Barry & Kim โ˜˜ ๐Ÿ€

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