florida Archives - Rava Realty

Nation’s Fastest-Growing Areas in Florida

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Nation’s Fastest-Growing Areas in Florida

Florida dominated the list of fastest-growing metropolitan areas in the United States from 2022 to 2023, with four out of the top five spots.

The area including The Villages and Wildwood saw the highest growth rate at 4.7%, followed by the Lakeland and Winter Haven metro areas at 3.8%. Ocala ranked fourth with a growth rate of 3.4%, while the Port St. Lucie area came in fifth at 3.1%. The only area outside of Florida in the top five was the Myrtle Beach, S.C., area, with a growth rate of 3.7%.

This trend reflects a broader pattern ...

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Manhattan’s Out-of-State Buyers: Who’s Buying and Where

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Manhattan’s Out-of-State Buyers: Who’s Buying and Where

Amid the narrative of New York City residents leaving during the pandemic, a hidden trend emerges — out-of-state buyers investing in Manhattan real estate. Analyzing residential sales over the past two years, excluding purchases through shell companies, reveals a dynamic market.

  • New Jersey residents led the pack, investing $1.48 billion in over 1,400 deals, comprising over 20% of the total sample volume.
  • California followed closely, contributing $1.25 billion across 900 deals, with San Francisco buyers accounting for over 15% of that spending.
  • Florida saw significant investment, with Floridians spending nearly $788 million on 651 homes.

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Floridians like to remain in the Sunshine State

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Floridians like to remain in the Sunshine State

Florida is retaining its residents at a remarkable rate, with 72.7% of those born in the state choosing to remain as of 2021, ranking it sixth in the nation for resident retention. This “stickiness” factor significantly impacts Florida’s economic growth, as a stable population and workforce are vital for a state’s prosperity.

The states with the highest resident retention rates are Texas (82%), North Carolina (75.5%), Georgia (74.2%), California (73%), and Utah (72.9%).

On the other end of the spectrum, Wyoming ...

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