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Ho-Ho-NO! Hamptons Housing Prices Tank (The New York Observer)

All is not well at the summer playground for America’s rich and famous, as home prices and sales in eastern Long Island tumbled to two-year lows in the third quarter, according to a new Hamptons/North Fork market report from real estate appraisal shop Miller Samuel and brokerage giant Prudential Douglas Elliman. The quarterly median sales price in the tony vacation enclaves dropped to …

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