Solid Rock Realty Services

Solid Rock Realty Services At all times and in these times especially making good decisions based on all the facts is a must.

07/04/2025

Happy Independence Day, UNITED STATES OF AMERICA! 249 looks great on you!

With interest rates so low,  Its cheaper to buy than rent!
07/17/2019

With interest rates so low, Its cheaper to buy than rent!

In a growing sign that higher rents are tightening their grip in the suburbs, the average prices to lease an apartment in several outlying Broward County cities have climbed above the $1,700 mark, according to a national survey.

06/23/2019

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04/30/2019

Florida was #1 desirable relocation state in 2018! Come on down and join the party. Give me a call to make it a smooth move!

04/30/2019

Florida was the number 1 desirable relocation state in 2018! 1551 people a day moved to Florida in 2018! Almost 70,000 from New York alone. Another 39,000 from Georgia.

Census Bureau: Fla. top U.S. state for in-migration

WASHINGTON – April 29, 2019 – Movers to and from the U.S. South make up the largest domestic migration flows at the regional level – and notably large flows at the state and county levels are in the South or in the West.

Some of the largest state- and county-level flows are to or from Florida, California or Arizona.

State-to-state migration flows

The 2017 American Community Survey (ACS) state-to-state migration flows table provides estimates of the number of people in the United States moving between geographies within the past year. These geographies include the 50 states, District of Columbia, Puerto Rico and abroad.

Moving to Florida
Florida had the most domestic in-movers, with 566,476 people moving from another state within the past year. The states with the next highest in-migration flows are Texas with 524,511 and California with 523,131.

New York lost the most residents to Florida, with 63,722 ex-New Yorkers become new Floridians. The second-highest contributor was Georgia with 38,800 in-movers.

Moving out of California
California had the most domestic out-movers, with 661,026 people leaving the state within the past year. The states with the next highest outmigration flows are Texas with 467,338 out-movers, New York with 452,580, and Florida with 447,586.

Among the five states that received the most out-movers from California, several are adjacent to California or nearby: Texas (63,174 out-movers), Arizona (59,233), Washington (52,484), Oregon (50,109) and Nevada (47,513).

Net migration, flows and mover rates by region

In 2018, 10.1 percent of people (about 32.4 million) in the United States moved.

Net migration
The South continued a pattern of net population gains from domestic migration and has done so most years since 1981.

In 2018, about 1.2 million people moved to the South from another region, while only about 714,000 moved from the South to another region, resulting in a net gain of about 512,000 people. If movers from abroad are included, the net gain from migration to the South is about 959,000 people.

Flows
There are 12 region-to-region migration flows and the five largest in 2018 were either to the South or out of the South. The South drew about 412,000 people from the Northeast, 356,000 from the Midwest and 459,000 from the West. The region lost about 317,000 to the West and 276,000 to the Midwest.

The remaining seven region-to-region flows range from about 54,000 to 162,000 people.

Mover rates
The Northeast had the lowest overall mover rate in 2018, at 7.7 percent. The other three regions do not differ statistically from one another, at 10.4 percent for the Midwest, 10.8 percent for the South, and 10.7 percent for the West.

Compared to the 2018 overall national mover rate of 10.1 percent, the Northeast mover rate is lower, the South and West mover rates are both higher, and the Midwest mover rate does not differ statistically.

The data was announced by Kristin Kerns and L. Slagan Locklear, statisticians in the Census Bureau's Journey-to-Work and Migration Statistics Branch.

© 2019 Florida Realtors®

02/07/2019

Here they come again...

No pay stub? No problem. Unconventional mortgages return



NEW YORK – Feb. 6, 2019 – Lenders wrote $34 billion worth of unconventional mortgages in the first three quarters of last year – up 24 percent from the corresponding months of 2017, reports Inside Mortgage Finance.
The loans – which may be outsized relative to a borrower's income, structured as interest-only, or last longer than 30 years – don't qualify for Fannie Mae or Freddie Mac underwriting, so the lender might plan to keep the loans or sell them outside the usual system.
Some regulators and consumer advocates worry that the growth in these types of mortgages could reignite risks for the housing market, however. A rise in toxic mortgages contributed to the housing meltdown during the latest recession.
Meanwhile, traditional lenders are turning to borrowers with harder-to-document creditworthiness as a new source of revenue. Nearly half of lenders that participated in a recent survey said they intend to get into this business, according to Inside Mortgage Finance.
Source: Wall Street Journal (01/23/19) Eisen, Ben
© Copyright 2019 INFORMATION INC., Bethesda, MD (301) 215-4688

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901-5 NE 10TH Street
Pompano Beach, FL
33060

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