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 picture might reveal about the US economy. Read Ben's story here.  Hosted on Acast. See acast.com/privacy for more information.

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News features and analysis from Financial Times reporters around the world. FT News in Focus is produced by Fiona Symon. Hosted on Acast. See acast.com/privacy for more information.