Posted on Monday May 23, 2016 2:23 AM
by Joseph Kazickas Comments Off

For the moment, at least, the mood among players in the Hamptons real estate market has turned negative. Brokers have been openly avowing a slow down in the market place and the data confirms it. Sales on the East End of Long Island are down year over year.
But another interesting thing is happening, observable in the mass email communications sent from agency to agency. Emails captioned “Rental Update”, “Courtesy Rental”, “Rental Open House” have increased exponentially over the last year.
For 2016 more real estate agents are circulating and sharing more rental market related data than ever before. This is happening because real estate agents who had neglected the rental market in the past are being forced to turn to it out of either desperation, or common sense, to generate income.
While the resale market contracts, the rental market offers some money making possibilities and a possible path to more lucrative business.