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New York

Investors hitting the brakes on house buys

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People aren’t buying houses and condos as an investment like they used to, especially in some of the nation’s one-hottest markets. Las Vegas, Miami, Phoenix, San Diego, D.C. all have seen drop-offs recently in investors competing to buy properties, according to real estate brokers and analysts. Could it spread to New York? Has it already? more [WSJ]

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