VERO BEACH, Fla. – Aug. 8, 2014 – An analysis of Census data identifies housing markets with the greatest share of chief executive officers and lawmakers living and working locally. According to data analysis firm Spread Sheet, all cities favored by CEOs have at least one thing in common: Home prices are on their way up.
Five Florida towns made the “top 10” list of areas favored by corporate CEOs and legislators. Bridgeport-Stamford-Norwalk, Connecticut, and Boulder, Colorado landed the number one and two spot, respectively, but Florida towns on the list include:
3. Sebastian-Vero Beach with 1.37% resident CEOs
4. Naples-Marco Island with 1.28% resident CEOs
5. Cape Coral-Fort Myers with 1.27% resident CEOs
7. Fort Lauderdale-Pompano Beach-Deerfield Beach with 1.20% resident CEOs
8. North Port-Bradenton-Sarasota with 1.20% resident CEOs
“These (hometown CEOs) didn’t get to where they are by making poor financial decisions,” says Naples-based Coldwell Banker agent Doug Grant.
Elena Bluntzer with Miami-based ONE Sotheby’s International Realty adds that the absence of individual state income tax makes Florida a desirable market.
“CEOs are attracted to other CEOs,” says Barbara Ackerman of Coldwell Banker in Sarasota. “Once you please one CEO,” she says, “they refer you to the next.”
Bridgeport-Stamford-Norwalk, Conn., and Boulder, Colo.,
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