3 Reasons Why Sunbelt Real Estate is Looking Bright

You hear the statistics in the news all the time: people and businesses are moving to the nation’s South and Southwestern regions at an unprecedented pace. Thanks to the low cost of living, appealing tax benefits and its namesake clear, sunny weather, the Sunbelt—which includes states across the lower half of the country—is the new boom region. But while this trend has gained more attention lately, it’s not necessarily new. Thirty years of U.S. Census data paint a clear picture of the South and Southwest as long-standing hotspots for population growth in the U.S. In fact, the regions that compose the Sunbelt have edged out the East and Midwest in terms of net growth over 28 of the past 30 years of data. That population boom has translated into strong business performance for the region. Economic growth for Florida, Texas and California alone accounted for more than 28% of the total Gross Domestic Product in the U.S. through 2018. Click to read more at www.benzinga.com.