Given rising housing costs and mortgage rates, migration is slowing in primary markets such as Austin, Las Vegas and Nashville and secondary markets such as San Antonio are the beneficiaries, according to a report last week from Redfin.

Those moving today are seeking to strike a balance between living in a large metro that offers food, education, entertainment, and quality of life – but balancing those desires with the cost of living and quality of the space they can own, according to Jeff Holzmann, Chief Operating Officer at RREAF Holdings.

"This is the driving force behind the growth of smaller metros along I-35 in Texas," he said.

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