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
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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….

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This article was originally published by Cnbc.com. Read the original article here.
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