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Population Growth Continues in Florida

Posted by Benjamin Dona on Thursday, March 24th, 2011 at 6:30pm.

Florida Population IncreasesA review of the recently released 2010 Census data shows that Florida has had its seventh consecutive decade of double-digit population growth. In fact, new residents totaled 2.8 million from 2000 to 2010. That's a rise of 17.6% from the last census and much better than the nation as a whole, which grew at a rate of 9.7%.

According to the demographers, domestic migration is driving the growth, especially from the northern states. Three hundred plus days a year of sunshine and no state income tax defintely make this movement understandable. The continued decline in real estate prices is also playing a major role in making the state a really attractive place in which to live.

While the end of the decade brought nationwide economic woes including a higher than normal rate of unemployment and the housing slump, the state weathered the slowdown and appears to be ready to break out again as soon as things begin to improve. When you consider how much property is selling in many parts of the state, our guess is that it will be sooner rather than later.

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2 Responses to "Population Growth Continues in Florida"

Bob Lilley wrote:
This is very interesting! In California, (the left coast) we also experience steady population growth. This has been one of the drivers of Bay Area real estate prices.

But the Bay Area real estate market is not sustained by population growth alone. The new residents must find jobs and settle into the community.

I hope your new Florida residents are coming to contribute - and stay!

Posted on Friday, April 8th, 2011 at 11:25am.

Kevin Hughes wrote:
Here in Idaho, we've experienced a growth rate of nearly 22% over the past 10 years, though our numbers are still relatively small (2010 Census states: 1,567,582 Residents, or 40th for total population in the nation).

It will be interesting to see in the coming years how this population growth will change and how the Idaho Real Estate market will effect our growth. I agree with Bob, there must be jobs and room in the community. The area can sustain it, but it's more a matter of whether the market will. Good luck to you and yours in Florida.

Posted on Wednesday, April 27th, 2011 at 12:50pm.

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