Home sales slow in summer playground of New York elite
Home sales in the Hamptons have slowed this year as the rising cost of credit and changes to the US property tax rules discourage buyers from investing in vacation properties along Long Island's south shore. Ben Foldy explains what the local pictu...
FT News in Focus · Financial Times
August 9, 20186m 50s
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Show Notes
Home sales in the Hamptons have slowed this year as the rising cost of credit and changes to the US property tax rules discourage buyers from investing in vacation properties along Long Island's south shore. Ben Foldy explains what the local picture might reveal about the US economy. Read Ben's story here.
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