Blog

East Hampton Acquires 15 Acres

East Hampton Town Board voted unanimously on January 3rd—the first session of 2013—to purchase 2 parcels with CPF money. As you know CPF, Community Preservation Funds, is the kitty created by the 2% transfer tax on buyers of real property o...

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Home Sales Continue Their Ascend

The US Commerce Dept. Reported today November single-family home sales rose 4.4% to a seasonally adjusted 377,000 unit annual rate. A performance not seen since April 2010. A further testament to the strength in the housing market, the median ...

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Hot Off The Press

The S&P/Case-Shiller index gained 0.7% in October on a Seasonally adjusted basis. As you know, the Case-Shiller index is a compost index of 20 Metropolitan areas throughout the US. Single Family Home Sale prices in the 20 cities rose 4.3% in...

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It’s Elementary !!!

IT DOESN’T MATTER IF YOU’RE SELLING SUITS, JEWELRY, CARS OR HOMES… THE PRICE OF ANYTHING IS DICTATED BY SUPPLY & DEMAND. TOWN & COUNTRY HAS BEEN BLOGGING ABOUT THE FACT THAT ACTIVITY LEVELS ARE CONSISTENTLY INCREASING AND INVENTORY LE...

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Sag Harbor Long Wharf Sold To Sag Harbor Village

On December 18th, the Suffolk County Legislature agreed to sell the Long Wharf to the Sag Harbor Village for $1. It gives Sag Harbor full control of the Long Wharf. It also makes the village financially responsible to cover the long-term costs...

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T&C Holiday Party

Town & Country’s Annual Holiday Party was another smashing success! 2012’s party was held at the Southampton Social Club. The SCC was dressed beautifully for the holidays. We would like to extend special thanks to Ian Duke, the own...

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Housing Values Increase Greatest In 6 Years

If you follow our T&C Blog, you have been reading about increases in sales contract, home sales, building permits, and decrease in inventories… all of which result in home prices going up! Home sales in October 2012 rose 6.3% from October 20...

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$1m Mortgages Spike

Town & Country has experienced a significant uptick.. particularly on the high end. This is in keeping with T&C 3rd Q Home Sales Report where the $3.5-4.99M price category for All Hampton Markets Combined rose 50% year over year! A ...

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Housing Will Save Us!

So many economists point their fingers at the housing market and cast blame for the entire Great Recession. While the housing bubble may have been a significant contributor, runaway government spending, irrational lending practices and collapsi...

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Housing Starts for a 4 Year High

The United States Commerce Department released its report as housing starts yesterday. United States Housing starts rose to the highest level in more than 4 years since July 2008! The level, 894,000 units or a 3.6% increase. The housing mar...

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