Posts tagged housing market

Exodus From New York Could Have Positive Impact On Local Housing Market

Blog May 17, 2020

Across the East End, what were once seasonal neighborhoods are now bursting with life, evidence of a recent exodus out of New York City by second homeowners and renters desperate to live more comfortably and simultaneously escape the epicenter of the COVID-19 crisis — despite pleas from public health officials to shelter in place.

Airbnb Makes its Mark on the East End Rental Market

Award-Winning Residence April 12, 2020

Airbnb has found its place on the East End and, along with similar services such as HomeAway and VRBO, have single-handedly changed the market, rendering full summer rentals nearly obsolete in favor of shorter-term stays, much to the chagrin of some real estate professionals, hoteliers and neighbors who do not want a transient crowd, and question its legality.