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  • Metro East REIA
    • Apr 22, 2021
    • 1 min read

Summer Home in the Hamptons Rents for $2 Million

Looking for a summer place to rent on Long Island, New York? If so, there is one home that has been snapped up at an incredible rate. According to recent CNBC report, a house in the Hamptons recently rented for $2 million for the summer, as they say demand is far outstripping a record low supply of homes for sale and rent. While this area is certainly no stranger to high rental & sales prices, the $2 million price tag has really stuck out. Brokers told CNBC that the shortage of homes for sale has also led to a shortage of rentals because homeowners, who typically rented their homes out for the summer, are now selling them or doing nothing at all. Continue reading HERE...

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