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Jennifer Friedberg

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…

10/27/2020