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Elliman Report: Hamptons Sales 1Q 2019

The high-end of the Hamptons housing market continued to move slower in the aftermath of the new federal tax law. The impact of the cap on exemptions for property taxes and SALT and the end of year volatility in the financial markets both played a role in creating the slowest conditions since the financial crisis. Combined with the decline in mortgage rates, consumer uncertainty may be creating pent-up demand, possibly…

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