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Soaring borrowing costs haven’tdeterred New Yorkers fleeing for sunshine and low taxes in the Sunshine State.
Homebuyers are still fleeing expensive cities like New York and San Francisco for sunny skies and cheaper homes in Florida, undeterred by rising mortgage rates.
Among the 10 cities that are seeing the highest net inflow of house hunters, half are in the Sunshine State, according a report from real estate brokerage Redfin. New York was the top out-of-state origin for buyers in three of those Florida cities: Miami, Tampa and Orlando.
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