I do not see "Great Migration" happening. 

That migration has stalled.  

I look at migration trends, permits and income growth.

Low inventory, inbound migration from higher-cost metros, and cheap financing created the perfect storm: sellers held all the leverage, buyers fought over anything that had a roof, and investors—especially those trying to scale—had to move fast or lose out.But over the past 12 months, something interesting has been happening under the surface: the market is easing.

This month I'm in the process of closing down a business and migrating banks and OH MY LORD has it been a huge pain in the butt.

As the portfolio grows, we typically recommend migrating to AppFolio - our preferred platform for residential third-party property managers.

Listings with Strict cancellation policies were migrated to Firm unless you opted out in advance, and Strict is now no longer available to new listings.

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

It’s definitely a tertiary market, but it’s growing fast, strong job base, affordable cost of living, and a lot of migration into the area.

The play leans towards NC as migration and tourism is showing stronger growth trends, higher migration trends on the East side of the mountains, acquisition is lower, and seasonality is strong due to overlaying factors.