New Yorkers are fleeing the city in the scorching summer heat, trading subway cars for the Jitney and business casual for beachwear.
The Real Deal heads to the Hamptons, where we look at hedge funders’ impact on the market and interview mega developer Joe Farrell. We also talk to Jersey Shore brokers about how Snooki and the ‘Situation’ are impacting the improving market there.
Back in New York, brokers are divided on whether it makes sense to list for-sale properties during the dog days of summer. Still, it’s not dead, with the rental market sizzling.
For more from the summer issue, check out the following stories:
Manhattan rentals sizzle in heat wave