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Florida’s Fort Lauderdale, once known for spring-break revelers, is today more likely to draw business moguls seeking relief from state income taxes.

Home prices are rising, boosted by low inventory and a swelling population. In an analysis of luxury sales, defined as the top 10% of the market, Douglas Elliman Real Estate found that the median sale price of condos and single-family homes rose 3.8% year-over-year in the fourth…