Home sales in the Hamptons, the oceanside summer getaway for Wall Street financiers and celebrities, plunged 58 percent in the second quarter as investment losses and job cuts sapped demand for second homes.Across 11 Eastern Long Island markets, 175 properties sold in the three months ending June 30, down from 416 a year ago, according to broker Town & Country Real Estate.
By Oshrat Carmiel, July 14, 2009 Bloomberg

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