People flooding into cheap Midwest spots like Indianapolis Columbus Louisville
Sun Belt magnets like Florida Texas Arizona now bleeding residents
Bank of America data confirms the regime change
Affordability crushing the old boomtown hype
1) This represents a massive regime shift in the housing industry, as many of the underlying assumptions investors and builders had for the last 10 years are proving to be wrong.
Previously, it was assumed Florida, Texas, Tennessee, and Arizona would be the top migration…
— Nick Gerli (@nickgerli1) June 11, 2026
3) Lower migration into Sun Belt boomtowns is leading to lower home sales, and more inventory, and lower prices.
Conversely, inventory levels in the Midwest are still very low, amid resilient demand a stable local population that doesn't tend to move much.
— Nick Gerli (@nickgerli1) June 11, 2026
5) Conversely, rents are going up most in low-key Midwest markets.
Milwaukee, Chicago, Pittsburgh, St. Louis, Minneapolis, Detroit, and Kansas City are all in the Top 10 for YoY rent growth.
As are two Northeast markets in New York and Philadelphia.
These markets do have… pic.twitter.com/yehEAfMFim
— Nick Gerli (@nickgerli1) June 11, 2026
9) Reventure's forecasts for 2027 are taking into account these shifts, and showing even more surprising insights about where values will go up (and down).
To track market by market, download our app and upgrade to unlock the 2027 forecast for every ZIP code in the U.S.…
— Nick Gerli (@nickgerli1) June 11, 2026