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Top related persons:
— - 1 Dana Trotter - 1 Trotter - 1 Enzo Morabito - 1 Douglas Elliman - 1 aren't - 1 KENA BETANCUR - 1 Anthony Rosina - 1
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2 mentions found


☆ Late to book your Hamptons summer rental? You're in luck — there's still hundreds.
  + stars: | 2023-06-18 | by ( Zoe Rosenberg | ) www.businessinsider.com   time to read: +5 min
The Hamptons are facing a summer rental glut, with over 1,000 available in August as of Wednesday. Real-estate agents said an uptick in travel and lower Wall Street bonuses are behind the glut. A glut of available properties and sky-high rental prices are adding up to a slow summer rental season, worrying real-estate agents counting on tenant demand. The hot Hamptons summer rental market, it seems, has caught a chill. "I have a summer rental that's listed for $150,000 for a month and it got an offer of $80,000.
Persons: —, Dana Trotter, Trotter, Enzo Morabito, Douglas Elliman, aren't, KENA BETANCUR, Anthony Rosina, they've, Judi Desiderio, Rosina, We're Organizations: Service, Hamptons, CNN, The Agency Hamptons, Agency, Sotheby's, Town, Country, CNBC Locations: New York, New York City, Southampton, East Hampton
☆ Hamptons rental prices fall for the summer as owners contend with oversupply
  + stars: | 2023-05-15 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
An oversupply of summer rentals in the Hamptons is spurring price cuts of 20% or more, as affluent Wall Streeters and tech workers cut back on their summer spending. Wall Street bonuses fell 26% last and several of the large Wall Street firms and banks, including Morgan Stanley, Citigroup, Bank of America and Lazard, have announced job cuts. "The Hamptons is tied to Wall Street with an umbilical cord," Desiderio said. "When Wall Street is doing well, we do well. The one bright spot in the rental market, at least for owners, is at the very high end, especially oceanfront.
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