based on data from the U.S. Census Bureau and the IRS for the 2019 and 2020 tax filing years shows the average adjusted gross income for incoming residents to Orange County: from Los Angeles County in California , Cook County in Illinois and Bronx County in New York .
“The demand has been crazy and it’s just going to increase even more,” Richardson said."That’s why we’re seeing so many luxury apartments going up." Of course, not all newcomers from California are renting apartments, but Richardson pointed out that even if those new Floridians are buying homes, their ability to outbid local buyers means more renters who normally would be ready to transition to home ownership are remaining in the renter pool.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Florida transplants from California affect rental market - Jacksonville Business JournalThe average adjusted gross income for incoming residents from out of state in many cases is much higher than that of local residents.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Here's what’s next for the USS Orleck in Jacksonville - Jacksonville Business JournalThe historic ship will soon be host to multiple events and overnight guests as organizers try to keep the floating museum relevant.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Boeing gets $11M contract for additional P-8 work in Jacksonville - Jacksonville Business JournalBoeing gets $11M contract for additional P-8 work in Jacksonville
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Jax business leaders denounce antisemitism after weekend displays put area in national spotlight - Jacksonville Business JournalSeparate incidents on a highway overpass and at the Florida-Georgia game drew pointed criticism from local leaders.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Jax business leaders denounce antisemitism after weekend displays put area in national spotlight - Jacksonville Business JournalSeparate incidents on a highway overpass and at the Florida-Georgia game drew pointed criticism from local leaders.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
SBA says no EIDL applications still considered outstanding - Jacksonville Business JournalThe EIDL program's closure threw many business owners for a loop, but the SBA has confirmed there are no remaining outstanding applications for the program. Here's what that means for businesses.
Source: JaxBizJournal - 🏆 599. / 51 Read more »