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BUYERS ARE FLOCKING TO NYC’S SUBURBS. TOO BAD THERE AREN’T MANY HOMES TO SELL.

Bidding wars abound in areas where demand far outstrips supply, even as some
parts of the US grapple with a much slower market.

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Prospective buyers attend an open house for a property listed at $2.48 million
in Larchmont on Jan. 22 . 

Photographer: Tiffany Hagler-Geard/Bloomberg
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By Jennifer Epstein and Prashant Gopal
February 7, 2023 at 4:49 AM HST
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In the midst of the worst US housing slump in a decade, a wave of finance and
tech layoffs and drumbeats of a potential recession, open houses in affluent New
York suburbs are packed.

Offers come in fast — sometimes for hundreds of thousands over asking.

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