National coverage of American migration routinely focuses on political rhetoric and people fleeing to states like Florida and Texas, but it may be overlooking the core economic realities dictating where families and capital actually settle.

In an interview with Fox News Digital, SERHANT. founder and CEO Ryan Serhant argued that the missing piece of the migration story boils down to how state policies impact homebuyers’ wallets and quality of life. Rather than a total collapse of major metros, Serhant said, capital is stretching into secondary markets where better job growth, lower tax burdens and strong infrastructure offer a better return on…

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