Monday, October 19, 2009

Hamptons Market Upticks


After suffering a correction of 25% (give or take), the Hamptons market saw signs of life in the Third Quarter with median prices rising by 4.5% and sales of $2 Million-plus homes rising 44%. While far from out of the woods, stabilizing financial markets, and the return of the bonuses could right the ship.
Hamptons Home Prices Rise As Buyers Return To $2 Million Deals (Bloomberg)

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