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Suburban NYC Housing Frenzy Slows With Buyers Showing Fatigue

Long Island Home Flippers Sell To Each Other In Red-Hot Market
Photographer: Johnny Milano/Bloomberg

Contracts to buy suburban New York homes have scaled back from their frenzied pace at the height of the pandemic.

That doesn’t mean buyers have lost interest in acquiring spacious abodes -- they’re just not finding much on the market. And they’re getting tired of fighting off competitors for what little there is.