More than 547,000 people exchanged out-of-state driver’s licenses last year for ones with Sunshine State addresses. That’s a 40% increase from 2020 and nearly 20% greater than the five-year average between 2017 and 2021.
The license swaps — largely from New York (11%), New Jersey (6%) and foreign countries (14%) — are acutely felt in Florida real estate markets where inventory is anemic and prices aggressive.
>
More than 547,000 people exchanged out-of-state driver’s licenses last year for ones with Sunshine State addresses. That’s a 40% increase from 2020 and nearly 20% greater than the five-year average between 2017 and 2021.
>
The license swaps — largely from New York (11%), New Jersey (6%) and foreign countries (14%) — are acutely felt in Florida real estate markets where inventory is anemic and prices aggressive.
(post is archived)