Blog

Double Whammy About To Hit!

Town & Country has been forewarning the shift about to occur since mid 2012… don’t say we didn’t warn you This morning’s Wall Street Journal, Nick Timiraos & Conor Dougherty wrote about the drop in inventory in an article titled “...

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Home Prices Begin Their Next Ascend

The November Standard & Poor Case-Shiller Report confirms the next trend in home sales has legs! Here at Town & Country, we have gone so far as to predict the housing market will be the primary driver to a healthy US economy. As we report...

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Homes Sales Highest Since 2004

The National Association of Realtors released their year-end report showing 4.65 million previously owned homes traded hands in 2012… that was a 9.2% leap from 2011. And the greatest annual gain since 2004. The total number of transfers hasn...

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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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