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The Hamptons Real Estate Sales Boom Continues - The New York Times

By Marcelle Sussman Fischler
The high-flying Hamptons real estate market continues to soar.
More than a year after the Covid-19 pandemic began, demand for homes remains robust in the moneyed Hamptons, boosted by a swell of urbanites settling in.
In search of less density and more space, beginning last March, many city dwellers snapped up relatively reasonable off-season rentals in the beachfront towns and manicured villages on the East End of Long Island.
As the pandemic dragged on, many decided to buy a home instead of spending as much as a couple hundred thousand dollars on a summer rental. Enabled by low interest rates and Zoom technology that has made working remotely possible, some enrolled their children in local public and private schools, and helped transform the affluent weekend and summer getaway into a year-round community. ....

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One Hamptons House Reportedly Rented for $2 Million This Summer

One house in the Hamptons rented for $2 million this summer, according to CNBC.
Summer rentals in the US are going fast as more people look to travel in the country because of the pandemic.
The housing shortage is making it more difficult than ever to find rental homes.
A house in the Hamptons rented for $2 million for the summer, according to a report from CNBC.
A broker told CNBC the rental was done discreetly, without an official listing, but it s not the only sky-high summer rental property.
Summer rental homes are going fast this year, and are costing more money, as the COVID-19 vaccination rate picks up and more people look to travel as the pandemic wanes. ....

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Hamptons Home Sales Hit Records

Hamptons Home Sales Hit Records
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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'It covers a lot:' Greenwich schools slated for $10 million more in COVID aid from American Rescue Plan

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It covers a lot: Greenwich schools slated for $10 million more in COVID aid from American Rescue Plan
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Greenwich Superintendent of Schools Toni Jones poses at the Board of Education in Greenwich, Conn. Thursday, Feb. 25, 2021.Tyler Sizemore / Hearst Connecticut Media
GREENWICH Since the start of the pandemic, Greenwich Public Schools has spent nearly $5 million on COVID-19-related expenses. But it’s now due to receive more than $10 million in additional aid from the federal American Rescue Plan Act, according to school officials.
Superintendent of Schools Toni Jones and Chief Operating Officer Sean O’Keefe presented an update on the district’s COVID-related expenses and funding Wednesday to the Board of Education’s Budget Committee. ....

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One of Montauk's Iconic 'Seven Sisters' Back on the Market at a Discount

One of Montauk s Iconic Seven Sisters Back on the Market at a Discount
One of Montauk s Iconic Seven Sisters Back on the Market at a Discount
One of the iconic Seven Sisters in Montauk, NY, is back on the market at a lower price. The historic home in the Hamptons is available for $11.95 million.
Tiffani Sherman, provided by
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One of Montauk’s iconic “Seven Sisters” is back on the market at a new, lower price. The historic home on Deforest Road in the Hamptons is now available for $11.95 million.
Back in 2016, the list price for the historic 3,800-square-foot residence on 2.3 acres was $18.5 million. Over the years, the price has been reduced four times, in an effort to coax a buyer to step forward. The latest figure represents a 35% price drop from the peak asking price, and the listing agent believes the number is now right on. ....

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