Archive for May, 2009

THE WINDOW OF OPPORTUNITY IS CLOSING!!!

Thursday, May 28th, 2009

To all those who have been sitting on the sidelines waiting for "the bottom"… consider this your fair warning!

Associated Press out of Washington just reported that over 90% of economists predict the recession will end this year. This assessment, released yesterday, came from leading forecasters in a survey by the National Association for Business Economics. This forecast is in line with the outlook from the Federal Reserve Chairman, Ben Bernanke and his colleagues.

74% of those surveyed expect this recession to end in the 3rd quarter 2009, 19% predict we the turn around to be in the 4th quarter and the remaining 7% are looking at the 1st quarter of 2010.

"While the overall tone remains soft, there are emerging signs that the economy is stabilizing," said NABE president Chris Varvares, head of Macroeconomics Advisers. …. AKA— "THE BOTTOM!!!!"

So, if you snooze, you lose!

AMERICA’S TOP 10 BEACHES

Wednesday, May 27th, 2009

It comes as no surprise that 2 of the Top 10 Beaches in the Nation are right here on Long Island, and for those of us fortunate enough to live here on the East End.. right in our back yard!

Yes, Cooper’s Beach in Southampton ranked #3 and Main Beach, East Hampton #6 in the entire United States according to Dr. Beach… coastal expert Stephen P. Leatherman, Director for Coastal Research at Florida International University.

The #1 most beautiful beach in America goes to Hanalei Bay on the Hawaiian island of Kauai.

According to Dr. Beach, he rates them via factors such as water quality, sand texture, safety, facilities and maintenance of the surrounding environment.

Being an East Hampton resident, I am partial to our local beaches… even after visiting almost all the beaches on Dr, Beach’s list.. which include Siesta Beach, Sarasota, Florida; Coronado Beach, San Diego, California; Hamoa Beach, Maui, Hawaii; Cape Hatteras, Outer Banks,N.C.; Cape Florida State Park, Key Biscayne, Florida; Coast Guard Beach, Cape Cod, Mass; Beachwalker Park, Kiawah Island, S.C. I’d like to invite Dr. Beach to visit some of my personal favorites like the hidden ones in Montauk & Sag Harbor… then let’s go watch the sunset from Southold!

East Hampton Village’s Own Swans & Signets

Wednesday, May 27th, 2009

Once again the Village of East Hampton has new signets— seven signets to be exact. After months of sitting on the nest nestled on the south west corner of Town Pond on Main Street in East Hampton, the signets were born just prior to Memorial Weekend – in time to welcome all the summer visitors to the East End. As the little fluff balls took to the water immediately, mother and father swan were quick to keep their eyes on them, as well as keep on-lookers at a safe distance. Like many a celebrity in The Hamptons, all signets and both swans are used to the paparazzi  including the one that really stands out — the little yellow fuzzy duck – oops, we mean signet.

 

Here’s To Summer 2009

Friday, May 22nd, 2009

The Board of Directors of Town & Country Real Estate recently had a board meeting over lobster rolls and champagne while overlooking the spectacular open bay views in East Hampton, and discussing future growth of the company. Business is terrific and Town & Country grows every day,  set to sail off into the sunset with success. Happy Summer 2009

 

Signs of The Official Start of Summer 2009

Friday, May 22nd, 2009


Once you see the lifeguard stands on the beach you can be certain that the Summer in The Hamptons is here, just as certain as you can be that cash registers will be ringing, traffic will be backed up, restaurants will be bustling, Main Street will be full of shoppers, the smell of sun tan lotion will be prevalent, the sun will be shining and you’ll have sand between your toes. But after a very,  long and cold winter, all of the aforementioned are welcomed with open arms.

Here’s to Summer 2009 in The Hamptons.

 

HOUSING STARTS FELL TO ALL TIME LOW

Tuesday, May 19th, 2009

A seasonally adjusted 458,000 units or 12.8% decline of Housing Starts has everyone looking at US Housing Markets again. This # is the lowest since January 1959 when Housing Starts were first monitored. Additionally, Building Permits– which preclude Housing Starts– also fell to a record low 494,000 units, down 3.3% from March. This to me is no surprise,, in fact I’m baffled why the media looks at it as a negative indicator… THIS IS GOOD NEWS!!!!

It communicates that all the right checks and balances are in place in the construction industry. It would be worrisome if they continued to build while the demand had been curtailed!

Now all we need is for the powers that be to recognize that even at the current great interest rates,, we cannot move forward until they loosen lending regulations. The next market cycle will begin when a lending balance is in place.

When we do progress to the next cycle those forward thinking contrarians will be rewarded in all businesses.

Hear The Bells – The Bell’s Of East Hampton’s Main Street Church

Tuesday, May 19th, 2009

If you are fortunate enough to work in the beautiful Village of East Hampton, you are fortunate enough to have the opportunity to hear the bells of the First Presbyterian Church. That is if you are, once again, lucky enough to be outside at noon and at 5 on any given day or, better yet, everyday. 

These carillon church bells chime out from the elegant white steeple that rises high above the statuesque trees lining Main Street. Various melodies are played, all of which bring pleasure and serenity to those passing anywhere within earshot. At noon, indicating mid-day, and an 5:00 p.m. indicating the end of a traditional work day, people smile as they listen to the soothing notes falling upon their ears and, hopefully, take note that they are among the lucky.

Take a minute to listen to the bells in the Village of East Hampton — you will appreciate what you hear.

 

 

Canine Classic at Castello Di Borghese in Cutchogue – Today!

Saturday, May 16th, 2009

The annual Canine Classic is held today at Castello di Borghese today; as every year, Marco and Anne Marie Borghese host this event at their beautiful vineyard off Alvahs Lane in Cutchogue:

The Cutchogue Canine Classicis designed as a fund-raising opportunity for:

 

The Guide Dog Foundation for the Blind and America’s Vet Dogs, The North Fork Animal Welfare League,  Kent Animal Shelter and SAVES, Inc.,

Theater and the Arts on the North Fork – May

Friday, May 15th, 2009

The Season’s of to a great start for the arts on the North Fork: the North Fork Community Theater is getting rave reviews for its new production of the Sound of Music; May 14-31st in Mattituck, for more infomation click below:

Get your first look at the new ownership of the Jedediah Hawkins Inn and Restaurant 

while visiting the opening of the art show of 30 brand new and never seen before works by Max Moran, one of the East End/North Fork’s most celebrated artists: Opening May 24th, 4-8pm, show ends July 5th, 2009, 400 South Jamesport Ave, Jamesport, NY 722 – 2900

For more information call Town And Country Real Estate or email jbischoff@1townandcountry.com

Hyatt, Indigo Hotels coming to the East End

Thursday, May 14th, 2009

Newsflash: even a last remaining hurdle for the economy on the East End to thrive -not enough places to stay-  seems to lessen as the summer heat is about to arrive; a few great hospitality companies are now discovering the East End and North Fork Wine Country:

Bryan de Luca of the Atlantis Aquarium -co-founder of the new East End Tourism Alliance, bridging the North and South Forks, and its  East End Getaways website   told me that HYATT (appearing before the Riverhead planning board today for final approvals for parking requirements) is opening up next door to Atlantis Aquarium, giving the Riverhead Down Town a needed shot in the arm! Another part of this needed Down-Town development is a hall for expositions similar to South Street Seaport, certain to reinvigorate Down Town Riverhead, and to attract people to the East End alongside a fabulous plan to allow better access to the beautiful Riverhead river-water-frontage behind Main Street. Almost the only thing left would be the re-opening of the Riverhead theater!

The Atlanta based luxury hotel chain INDIGO is also planning a new Riverhead property coming soon. This all is added to the recent Best Western, Hilton Gardens (opening soon) and Holiday Inn Hotels in Riverhead. (see Long Island Business News)

The hotels that are coming will help enormously as part of the needed improvements in tourism infrastructure, necessary for an economy that can sustain our North Fork Wine Country, while maintaining the nature and character of our hamlets, and protecting a fragile environment of our waterfront communities. It is also important for everyone to know how much the families who brought these hotels to Riverhead have become a beneficial part of our communities, they have proven to be great corporate citizens for our towns and hamlets, contributing generously to our communities.

The implications for Real Estate on the North Fork are obvious: development is going to be carefully managed, increasing desirability of existing housing. The more people come to visit, te more people will experience that sad Sunday-night feeling of "gotta go". Renting for the summer, or a purchase of a second home are the solution to preventing that feeling -that’s how I ended up here myself- and : we can help you find a rental or home ideally suited for your needs and budgets: call Town and Country in Mattituck at 631 298 0600 or in Southold 631 765 0500, or email joan@1townandcountry.com