Miami Woos New York Homebuyers Fleeing Over Tax Law

Back in the go-go days, Florida real estate executive Daniel de la Vega and his team crisscrossed Latin America wooing clients. These days he’s taking domestic flights -- pitching his state’s tax benefits in places including Manhattan and Long Island.

A year after the passage of a sweeping law that capped deductions on state and local taxes -- hitting homeowners hardest in places like New York, New Jersey and Connecticut, where state income and property taxes are among the highest -- brokers from low and no income-tax states like Florida are racing to get the word out about how rich the savings are in their markets, above all for top earners.