Florida gained $20.6 billion in adjusted gross income as taxpayers moved from other states, according to new IRS migration data. The shift reflects the continued draw of lower taxes, lifestyle preferences and housing affordability.
Industry professionals said highly personalized upgrades and DIY projects often fail to deliver the resale boost sellers expect and may delay a home from reaching the market.
Households are showing more caution as inflation, energy costs and borrowing costs pressure budgets, a shift that can slow buyer decisions and put more focus on affordability.