Author Archive
North Fork Year End 2019 Market Report
Closing the year out for 2019 and our North Fork Home Sales Report demonstrates a clear trajectory. Looking at All North Fork Markets Combined and we see a slight increase in prices for home sales, yet the Number of Home Sales dipped 15% fr...
North Fork 4Q 2019 Home Sales Market Report
The closing activity for the last three months of 2019 looked pretty dismal for our North Fork hamlets. Looking at All North Fork Markets Combined and we see the 4th Quarter home sales activity for 2019 on our North Fork was half that of 20...
Hamptons 4Q 2019 Home Sales Market Report
Brace yourself! I’ve been warning that the 4th Quarter Home Sales Report was going to be bad...well it certainly was. In my three decades of reporting on the Hamptons Real Estate statistics, this is the first time we’ve experienced such...
New Rental Law: Landlords Beware!
On June 14, 2019, New York State enacted The Housing Stability and Tenant Protection Act of 2019. This Act was written to affect ALL residential landlord-tenant leases. Clearly, when Governor Andrew Cuomo signed this legislation it was i...
North Fork Q2 2019 Home Sales Report
The North Fork Home Sales for the 2nd Quarter of 2019 took one step forward and two steps back. Looking at All North Fork Markets Combined you will see there were four fewer Home Sales or 5% less, yet the Total Home Sales Volume dropped ne...
Hamptons Q2 2019 Home Sales Report
The 2nd Quarter of 2019 was a serious case of push and pull for Hamptons Real Estate. More pull back and push forward, though it wasn’t all bad. To demonstrate the true market condition for the 2nd quarter, lets begin at the bottom wi...
Hamptons Summer Rentals: Then & Now
Those of you who have been inside (or outside) the Hampton Real Estate industry as long as I have (35 years), know that the play book has changed... yet again. Summer Rentals used to be so predictable. For the first 25 years, most Summer Rental...Home Sales Nationwide Increase Greatly
It never ceases to amaze me how the media can spin a story any way they want to… and when I see people “drinking the Kool-Aid” I want to scream “THINK!!!”. So, National Association of Realtors (NAR), just released the June Pending ...National Home Ownership Month
Today homeownership is 64.2%– one of the lowest levels in history. The peak was back in 2004 when we hit nearly 70% (69.2% to be exact) of all Americans owning their own home. Why is home ownership so important that it is referred to as "T...
East End Dirt Wins Again!
Sallie Krawcheck, chief executive and co-founder of Ellevest, a digital financial investment firm for women, based out of New York, was quoted in today's Wall Street Journal stating her "BEST BET" was her house in the Hamptons. In 2004, ...