This morning on The Call @ Hedgeye, Macro & Housing analyst Josh Steiner explains why the rapidly slowing Hamptons’ real estate market (where listing prices are being cut 15-25%) is signaling a broader wealth effect issue.
“This slowdown in the Hamptons property market is clearly a reflection that there’s a confluence of a significant back up in rates, along with a lot less certainty around financial wealth as shown in the equity market,” says Steiner.
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