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Suburban Home Sales Soar in the New York Region (www.nytimes.com)

Suburban Home Sales Soar in the New York Region

Lines of cars at open houses and multiple offers above the asking price, often all cash, have become a regular occurrence. The frenetic sales activity — a second wave after a surge last summer — has been fueled by multiple forces: historically low mortgage rates; pandemic-fatigued city dwellers desperate for more space; and many employers’ willingness to embrace remote work, allowing buyers to look in places beyond what would be considered an easy commute.

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