You can almost hear the opening bells of the race. Not the recently completed Kentucky Derby where 30-1 longshot Rich Strike who took the Run for the Roses, and the $1.86 million purse. 

No, this is the Dash for the Doors and Dollars. How great shifts in US demographic patterns, as people head from where they were to where they hope life will be better, are changing the face of the multifamily industry and its markets.

Apartment List released its renter migration report for the first quarter of 2022, which shows where people are looking to leave and the places they want to live. The data does require a bit of salt, as it has two potential shortcomings. One is that it's based on searches, not on actual moves. That would seem to be a decent proxy for migration, but people also might search considering potential moves, to see what an area was like for a friend or relative, or otherwise looking for information without a transition following.