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Real Estate
COVID-19: NYC Exodus Fuels Massive Hamptons Real Estate Boom COVID-19: NYC Exodus Fuels Massive Hamptons Real Estate Boom
Covid-19: NYC Exodus Fuels Massive Hamptons Real Estate Boom Manhattan’s loss during the COVID-19 pandemic may have been the Hamptons’ gain, as New Yorkers flooded east to avoid the density of the city and have been looking to make the area their home. Since the pandemic first made its way to the East Coast, there has been a mass exodus of New Yorkers who made their way to second or rental homes on Long Island, with many not coming back, even as the state’s infection rate has stabilized. According to a new report from Brown Harris Stevens, the market remains robust, in just a few months, between July and September, nearly a billion dollars worth of p…

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by Zak Failla
Real Estate
Report Explores Why Westchester Home Values Are Getting Hit By 'Dramatic' Price Reductions Report Explores Why Westchester Home Values Are Getting Hit By 'Dramatic' Price Reductions
Report Explores Why Westchester Home Values Are Getting Hit By 'Dramatic' Price Reductions Westchester residents, many trying to avoid the hefty tax bill that 2018 promises, are finding themselves in an unforgiving buyers’ market, according to this report by TheRealDeal.com. Daily Voice recently detailed the plummeting price phenomenon in this report.  It marks the fourth consecutive quarterly decline in Westchester’s home sales. Prices in Westchester fell 18 percent in the second quarter of 2018, with homes asking between $1.5 million to $3 million faring the worst, according to Bloomberg and this Crain's New York Op-Ed piece. In Scarsdale alone, prices dipped 5 percent in the …

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by Jon Craig