migration Archives - Rava Realty

Florida Is The Top Ranked State For Wealth Migration

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Florida Is The Top Ranked State For Wealth Migration

More wealth is moving into Florida than any other state by far, according to the WSJ.

The report used data on where taxpayers recently moved, newly released by the IRS.

In the most recent year (covering 2020 income), taxpayers with a net total of $23.7 billion in adjusted gross income migrated to Florida.

Texas ranks a distant second, with $6.3 billion in AGI gained for the year.

New York and California were the biggest losers, losing $19.5 billion and $17.8 billion in AGI for the year.

(source: thenextmiami.com)

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Some Restaurants In Miami Now Have Three-Month Wait Lists, With 150 More Looking To Open Here

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Some Restaurants In Miami Now Have Three-Month Wait Lists, With 150 More Looking To Open Here

It’s getting difficult to get a reservation at certain restaurants in Miami as new residents continue to flood into the area.

Restaurants from New York and all over the country are lining up to open in Miami, as they try to capitalize on the great migration here that has been accelerated by the pandemic, both outlets reported.

One restaurant broker said that he has been contacted by 150 different groups in the past 60 days alone looking for space ...

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Hotels In Miami Are Performing Better Than Any Other Major U.S. Market During Covid

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Hotels In Miami Are Performing Better Than Any Other Major U.S. Market During Covid

Occupancy for the month of January was 54.5%, with an average daily room rate of $195.08. Both were the highest of any major market in the U.S. for the month.

In February, Miami continued to post the best number in the U.S.Occupancy was up to 75.8% in the third week of the month.

According to Travel Weekly, oceanfront hotels are doing particularly well, with most beach resorts reporting 80% to 90% on weekends. The numbers are particularly encouraging since ...

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Flight to Florida? Data show few Manhattanites moved permanently

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Flight to Florida? Data show few Manhattanites moved permanently

Headline after headline made it seem like half of Manhattan had moved to Florida for good.

Reality check: Only a small percentage of Manhattanites relocated permanently to Florida last year. And as vaccinations amp up, many might be returning — or changing their plans to move in the first place, according to Bloomberg News.

Only 2,246 people filed a permanent address change from Manhattan to Miami-Dade County last year, while 1,741 went to Palm Beach County.

Still, even a ...

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