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Palm Beach Draws Flood of Wealthy Homebuyers in Covid Exodus

  • Sales and prices are surging as market lures New Yorkers
  • Florida real estate benefits with low taxes fueling influx

The housing market in Palm Beach is booming. Good luck finding something to buy.

Sales of single-family homes in the tony South Florida market, home to former President Donald Trump’s Mar-a-Lago, more than quadrupled in the fourth quarter from a year earlier, the largest increase in more than a decade.