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

Econ & Housing

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

Articles You May Like

Limited Time 15% Promo!
Wall Street holds steady after weekend’s big bank deal
Rebound in bank stocks help Wall Street end in the green
When wood is good: Utah’s first mass-timber office building rises in Draper
Wall Street downgrades European banks and names stocks to buy ‘in case markets turn sour’
Forest Service fails to fix glaring flaws in Nantahala-Pisgah Forest Plan