fbpx

 

As the 2017 summer season kicks off, another busy year is expected for Hamptons real estate both in rentals and sales. Rentals are trending towards monthly rather than full season, while sales are already better than last year. Amagansett, Sag Harbor, Water Mill, and Bridgehampton are hot. Waterfront is in very high demand, while new construction is active. In select areas of the market, prices are rising slightly, while inventory is decreasing. Predictions are for a good year in Hamptons real estate.

By all signs, the housing market is bouncing back in 2013. With tighter spring inventory, rising home prices, increased building, and a decline in foreclosures, housing is making a steady recovery. With a busy summer rental season and housing sales back to their pre-recession norms, 2013 is shaping up to be a great year.

  While Washington struggles to get its “fiscal house” in order,  Americans are making progress on their “own houses” as they are finally seeing a steady recovery in the housing market. By all accounts, prices have bottomed out, unemployment is dropping, the economy is picking up, builders are back in business, interest rates are low, there is less inventory on the market with a drop in foreclosures, new home sales and prices are rising and people are realizing that the time to buy is now.  The housing market in 2013 is predicted to come back stronger than ever since the recession of 2008.