Real Estate

Regardless of what's trending in today's new construction market and despite what noteworthy marvels the hottest, 'au courant' developer might offer; there is something about a period home that seems to give a good, old fashioned tug at the heartstrings.

To many, the South Fork and North Fork of Eastern Long Island, separated by Peconic Bay with Shelter Island in between, comprise "The Hamptons" real estate market. For those who live and rent on the East End there is a marked difference.

The high end Hamptons real estate market continues to thrive. For many years, it was normal for houses in our area to increase in value beyond reason.

On January 21, 2015, the Supreme Court agreed to address the issue: does the law require that the discrimination be intentional, or does it allow plaintiffs to claim "disparate effect," a discriminatory effect regardless of intent?

According to a recent New York Times article, the average rate on a 30 year fixed-rate mortgage was 3.8%, the lowest since May 2013, and far below the 5% plus-rates of early 2011. Just how mortgage interest rates affect the a-typical Hamptons real estate market were questions I posed to Christopher Minardi, Branch Manager of the East Hampton...

Before you put an offer in for a cabin on the lake or condo in the mountains, consider the realities of owning a second property.

"There was something magical about the place," Camuto said during a feature about the home in Architectural Digest.

In December 2014, Fannie Mae published a national survey which included some interesting findings. But what does all that mean for the Hamptons market? For the East End point of view I asked several Hamptons brokers for their views on the 2015 market.

"We wanted to dedicate this session of Architectural Sessions to talking about and acknowledging architectural projects that are motivated by a sense of service," said Maziar Behrooz, moderator of Architectural Sessions at the Parrish Art Museum.

If you're a bit out of shape in the financial department, don't try to change everything overnight.