“Miami and Florida as a whole is attracting Americans leaving high-tax states such as New York as the new tax law cuts into their income-tax deductions.”

The tax reform legislation may be at least in part behind a rise in Miami luxury homes this quarter, according to the Miami Association of Realtors. To be sure, median pricing for such homes have risen for the 25th consecutive quarter but the number and pace of growth is higher this quarter compared to the same period last year.

Read More: http://www.globest.com/2018/05/22/tax-reform-drives-sales-of-miami-luxury-homes/