The Hamptons summer rental market is facing an unexpected chill as inventory piles up and prices come down

by LBM Daily Editor 0 Comments

Econ & Housing
Share on Facebook
Share on Twitter
Share on Pinterest
Share on LinkedIn

The rental market in the Hamptons is facing an unexpected chill this summer.After two years of strong demand and soaring prices, the supply of rentals in the Hamptons is surging, leading to a wave of last-minute price cuts. Median rental prices in the first quarter fell 26%, according to Jonathan Miller, CEO of Miller Samuel….

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now
This article was originally published by Cnbc.com. Read the original article here.
Share on Facebook
Share on Twitter
Share on Pinterest
Share on LinkedIn

Articles You May Like

Limited Time 15% Promo!
CFTC Commitment of Traders Report as of Tuesday September 26, 2023
Number of 5,000+ Square Foot Homes Down in 2022 | Eye On Housing
US stocks whipsaw to end higher as investors mull rate fears and government shutdown risks
Cameron Ashley partners with Roseburg Forest Products
U.S. construction market moves toward building material price stabilization