A rural working-class New England town elects as its mayor a New York hedge fund millionaire in this inspired novel for our times - fiction in the tradition of Jonathan Franzen and Jennifer Egan.

Mark Firth is a contractor and home restorer in Howland, Massachusetts, who feels opportunity passing his family by. After being swindled by a financial advisor, what future can Mark promise his wife, Karen, and their young daughter, Haley? He finds himself envying the wealthy weekenders in his community whose houses sit empty all winter.

Philip Hadi used to be one of these people. But in the nervous days after 9/11, he flees New York and hires Mark to turn his Howland home into a year-round "secure location" from which he can manage billions of dollars of other people's money. The collision of these two men's very different worlds - rural vs. urban, middle class vs. wealthy - is the engine of Jonathan Dee's powerful new novel.

Inspired by Hadi, Mark looks around for a surefire investment: the mid-decade housing boom. Over Karen's objections, and teaming up with his troubled brother, Gerry, Mark starts buying up local property with cheap debt. Then the town's first selectman dies suddenly and Hadi volunteers for office. He soon begins subtly transforming Howland in his image - with unexpected results for Mark and his extended family.

Here are the dramas of 21st-century America - rising inequality, working class decline, a new authoritarianism - played out in the classic setting of some of our greatest novels: the small town. The Locals is that rare work of fiction capable of capturing a fraught American moment in real time.