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Inside Wealth

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Robert Frank@robtfrank

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Key Points

  • Summer rentals in the Hamptons are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate.
  • Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down between 50% and 75%.
  • Some renters may be holding out for better deals or waiting to book, but brokers privately say there are other factors at play.

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