Celebrities — including Meg Ryan, Lewis Black and Baz Luhrmann — are increasingly turning to the rental market in New York City and the Hamptons these days. “People do it if it’s a secondary residence,” said New York Post columnist Jennifer Gould Keil in an interview with “Good Day New York.” She predicted that the sales prices could go down another 10 to 30 percent, prompting a desire to rent rather than buy. “It’s a different way of looking at life,” Gould said.

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Just three days after the record-breaking sale of a $14 million Sag Harbor Village home was reported, the identity of the mansion’s mystery seller has been revealed. Charles Ray Langston, a Miami-based hedge fund manager with a penchant for race cars, was named as the seller of the 8,200-square-foot home at 25 Shaw Road, the Post’s Jennifer Gould Keil reported. The identity of the buyer has not yet been revealed.

Related Companies President Jeff Blau may not have met the standards of the co-op board at 820 Fifth Avenue, but apparently Kenneth Griffin, CEO of Citadel Investment Group, does. Griffin, who has an estimated worth of $3.7 billion and whom Forbes named the 97th richest American, paid just below the fourth-floor unit’s $35 million asking price, the New York Post’s Jennifer Gould Keil reported. The Upper East Side home, once owned by Tommy Hilfiger, is currently owned by home builder Ara Hovnanian.