America's missing migration story: Serhant details where wealth goes beyond Florida
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America's missing migration story: Serhant details where wealth goes beyond Florida

foxbusiness.com business

Key Points:

  • Ryan Serhant, CEO of SERHANT., emphasizes that American migration is driven more by economic factors like job growth, tax burdens, and infrastructure than political rhetoric, with wealth expanding into secondary markets rather than fleeing major metros.
  • Serhant highlights growth in inland hubs such as Huntsville, Alabama, Central Ohio, and Charlotte, North Carolina, noting significant investments like AWS's $23 billion data center expansion and Intel's $28 billion semiconductor campus in Ohio.
  • High-earning households are increasingly acquiring multiple homes to gain geographic flexibility and tax advantages, reflecting a shift in residential real estate toward portfolio-style asset management.
  • Serhant warns that short-term political decisions and unfavorable fiscal policies in cities like New York, Seattle, and parts of California could drive talent and capital to more business-friendly states with better quality of life and infrastructure.
  • Looking ahead, Serhant predicts the American real estate epicenter may shift inland due to factors like coastal erosion and economic opportunity, with states like Ohio, Alabama, and North Carolina poised to attract more residents and investment.

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