Moving from North Carolina to South Florida: Charlotte and Raleigh Families Discover Broward and Palm Beach

North Carolina has become one of Florida's fastest-growing feeder markets. Families who moved from the Northeast to Charlotte or Raleigh are now making a second move, to the coast. Here's why South Florida is winning that conversation.

Charlotte and Raleigh have been among the fastest-growing major U.S. cities for the past decade. The wealth creation in both markets has been real, bank expansion in Charlotte, Research Triangle biotech and tech in Raleigh, and South Florida has become one of the primary destinations for that wealth seeking coastal lifestyle. The Charlotte Finance Community Charlotte is the second-largest banking center in the U.S. (after New York City). Bank of America and Wells Fargo anchor a financial services ecosystem that generates substantial income at multiple levels, from executives to quantitative analysts to relationship managers. This community has a Florida vacation habit that is often a precursor to purchase. Families who have been renting in Boca Raton for the past five Februaries are typ...