Home prices in the Hamptons are collapsing

At least three brokerage reports showed that home prices in the Hamptons plunged in the fourth quarter of last year.
The luxury-real-estate company Brown Harris Stevens said prices fell 23.1%, to $1.87 million, year-over-year. The Corcoran Group put the decline in the South Fork's median price at 11%.
Ernie Cervi, Corcoran's regional senior vice president, told the New York Post that the slump in activity late last year was related to uncertainty about the election. Consumer confidence has spike