Homes are flooding the market in the Hamptons
|01/24/2019||Posted by BusinessMediaguide.Com under General World News||
- Home sales in the Hamptons slumped for a fourth consecutive quarter as inventories swelled to their highest level in more than a decade, according to a report.
- A mismatch between residential-real-estate activity and the rest of the economy may be worsening the slowdown, said Jonathan Miller, CEO of Miller Samuel, a real-estate-consulting company.
- Unfavorable conditions, such as volatile mortgage rates and the new federal tax law that capped housing-related deductions, are also pulling down sales, he said.
Home sales in the Hamptons slumped for the entire year of 2018 as inventories swelled to their highest level in more than a decade, indicating read more >>>