South Fork real estate news.
When the word “suffered” ends up in a year-end real estate home-sales report, you know it can’t be good. And while Judi Desiderio, the C.E.O. and president of Town and Country Real Estate, said “the worst is yet to come,” the rental market is showing strength, and the stock market is hitting new highs.
The Mill Hill Realty Corporation was in front of the East Hampton Village Design Review Board again this week with plans for its Toilsome Farms Restaurant and Brewery. Dubbed a “beer hall” by neighbors who oppose it, an owner described the proposed business as “a restaurant, not a rowdy party scene.”
A class-action court ruling on Halloween, stemming from an antitrust trial in Kansas City, Mo., is the talk of the town among real estate professionals here. A federal jury found that the National Association of Realtors and multiple large brokerage firms had “conspired to artificially inflate the commissions paid to real estate agents,” The New York Times reported that day, calling it “a decision that could radically alter the home-buying process in the United States.”
It was a good run for the health food and vitamin shop Second Nature — almost 52 years in East Hampton — but on Sunday the shop closed its doors here for good. It wasn't the high price of rent but rather the lack of foot traffic that drove the decision, an owner said. “Southampton is livelier.”
So many L.L.C.s . . . it’s the new South Fork real estate report.
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