New York exodus to ‘pro-business’ Florida is a hot trend that won't simmer down: expert

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Sotheby's International Realty's Jenna Stauffer argues people are moving to Florida for better 'quality of life,' and is a post-pandemic trend that's likely to continue long-term.

Professional tennis player and Wexford Real Estate Investors director Matija Pecotić joined ‘Mornings with Maria’ to talk tennis and investing.within other economic indicators.

"Right now, I think that the economy just continues to be cold in so many directions: persistent inflation, geopolitical uncertainties, the looming recession, interest rates – these are still factors that are keeping a lot of buyers on the sidelines right now in the housing market," the Sotheby’s associate said. "It's really sending mixed signals.", the National Association of Home Builders reported on Monday.

"And then, of course, there's a big division that we're seeing right now: the market is bifurcated," Stauffer added. "So you are seeing price declines on the West Coast, and then you're seeing price gains in the south due to strong job growth and also strong immigration."

 

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