02/28/2023
How's the Florida housing market ?
This this article discusses a recent study on the migration patterns and home buying trends of first-time homebuyers in the US.
According to the study, Miami has become the top destination for first-time homebuyers, surpassing Austin, which previously held the top spot. The study also highlights the continued popularity of Florida as a destination for homebuyers, with five Florida cities appearing in the top 20 destinations.
Tampa and Orlando made the list :)
The study also found that the median down payment amount for first-time homebuyers is 6%, while repeat buyers put down a median of 12%.
In summary, these trends indicate a healthy housing market in Florida 💪.
A record 25% of home searchers looked to move to a different U.S. metro in January, many in search of relatively affordable housing, said Redfin, Seattle. And Bankrate.com, New York, said Austin, Texas ranked highest for first-time home buyers.
