Hamptons rental surge subsides, and sales remains frozen

Tri-State /
Apr.April 10, 2020 02:39 PM
(Credit: iStock)

(Credit: iStock)

The spike in rental activity in the Hamptons last month was driven by New Yorkers seeking a safe haven. Since then, it’s subsided, according to brokers who spoke to the East Hampton Star. Nestseekers broker Geoff Gifkins said rentals increased 40 percent last month, but many of those renters are now sheltering in place. The sales market on the other hand continues be at a standstill, as it’s impossible to show homes. “Houses can be rented sight unseen, but not sold,” said Town & Country CEO Judi Desiderio. [East Hampton Star] — Dennis Lynch


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