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Miami real estate circles have been buzzing about what some are calling the “Mamdani Effect.” Miami brokers report that inquiries from New Yorkers have risen as clients worry about potential tax hikes and a less business-friendly environment under a Mamdani administration.

Some home buyers are acting with urgency, spurred by concerns over potential policy changes in New York. These individuals are not merely speculating on the market—they’re planning to make Miami their new home.