Migration flow captures whether a city or state is gaining or losing residents.
Why It Matters
Inflow can strengthen labor demand and local business activity, but also increase rent and home-price pressure if supply lags.
Outflow Dynamics
Outflow can ease housing demand but may reduce local tax base and economic momentum depending on who leaves and why.
Data Context
Migration should be interpreted with housing starts, unemployment, and wage growth for a full signal.
Relocation Signal
Cities with balanced inflow and healthy supply growth often provide better affordability stability than boom-bust migration markets.