Thousands of Florida transplants are leaving the Sunshine State

Despite experiencing a pandemic population boom, nearly 500,000 Florida transplants decided to leave the state and move back north.

According to data analytics firm CoreLogic, there were nearly two homebuyers moving to Florida in 2023 for every one person leaving.

The devastation of hurricanes on property, rising housing costs, increased homeowners insurance rates, and politics have been some of the reasons behind the Florida reverse migration. It was estimated last fall that the damage from Hurricane Ian could be $47 billion in Florida.

Real estate website Zillow is calling the Sunshine State one of the more expensive states to buy homes due to the rise in prices by 60%.

NBC News interviewed Louis Rotkowitz, a transplant from
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