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From Westchester to Hoboken, NYC Area Braces for Housing Decline

  • Sales slump as tax law, higher rates make buying more costly
  • ‘Sellers have gotten greedy’ after years of unrelenting gains
Bloomberg business news
Home Sales Are Slowing Across The U.S.

The tales of housing malaise stretch across metro New York.

A Long Island home sat idle on the market until both its price and taxes were slashed. Buyers in Connecticut are asking to rent houses before purchasing them. Hoboken brokers lament their slow business.