Why are Americans Moving to Coquina Key, Florida?
Why is Coquina Key so attractive to those searching for Homes or Condos recently? Condos are hot items but real estate in general is trending due to buyer-behaviors and changes in the economy. Tax laws are stirring things up in high-tax states, and It's impacting how folks plan for retirement.
States like Florida and their tax laws are attractive to those who live in high-tax states. The Sunshine State is also attractive to those searching for a warm place to live, and let's be honest, who doesn't want to sit on the porch and watch Dolphins play in the Bay as you drink the morning cup of joe.
Retirees were the primary form of migration to the state of Florida, but taxes are beginning to play a larger role. Now young professionals are grabbing their belongings and heading south too.
Fox Business says that in Pinellas Co. alone, more than 30,000 people had moved in from a different state as of 2017. Movers tend to come from all over the country, with a lot from California, Georgia, Illinois, Indiana, Michigan, New York and Ohio.*
Changes to the U.S. Tax code like the $10,000 cap on state and local tax deductions has become the primary reason residents are fleeing to Florida.
High-Tax States are not the only feeders to States like Florida. People that are sick of the cold weather as well as those that just want to retire where the scenery is pleasant are continuing to flood warmer states. Areas of Pinellas County like Coquina Key are offering the best of both worlds, affordability and beauty.
The following is an example of a Condo Property recently on the market through The Grant Homes Group Coast 2 Coast.
* Source: Where are Americans Moving in Florida? | Fox Business