{"id":5395,"date":"2021-02-02T22:19:42","date_gmt":"2021-02-02T22:19:42","guid":{"rendered":"https:\/\/hamptonschatter.net\/chatter\/?p=5395"},"modified":"2021-02-02T23:03:08","modified_gmt":"2021-02-02T23:03:08","slug":"ferris-said-beach-permits-are-going-fast","status":"publish","type":"post","link":"https:\/\/hamptonschatter.net\/chatter\/ferris-said-beach-permits-are-going-fast\/","title":{"rendered":"FERRIS SAID BEACH PERMITS ARE GOING FAST!"},"content":{"rendered":"\n
\"\"
Almost as coveted as a
Covid vaccine!<\/figcaption><\/figure><\/div>\n\n\n\n

So East Hampton Village beach passes went on sale just a few days ago. \u00a0 So, how is it going? \u00a0 Um, it\u2019s sick. My best friend’s sister’s boyfriend’s brother’s girlfriend heard from this guy who knows this kid who’s going with the girl who saw Ferris at 31 Flavors last night and he said they sold a crazy number of passes already. So,\u00a0 I guess it’s pretty serious. \u00a0 \u00a0 According to the friend of Ferris, 2500 beach passes were gone after only two days of sales. \u00a0 In a normal year, that number would be closer to 200. \u00a0 So if you\u2019re looking forward to sunning in the sands of any of the village beaches, you better run to Village Town Hall (86 Main St., East Hampton) with your license, registration or check and get your permit.\u00a0 You can also try going on line by clicking here: <\/p>\n\n\n\n

https:\/\/easthampton.permits.basgov.com\/<\/a><\/p>\n\n\n\n

Meanwhile, the real estate market is expected to do very well<\/a> in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts<\/a> to remain favorable throughout the year. One challenge to the housing industry especially here in the Hamptons, is the lack of homes available for sale today. Last week, the National Association of Realtors <\/em>(NAR) released their Existing Home Sales Report<\/a>, which shows that the inventory of homes for sale is currently at an all-time low. The report explains:<\/p>\n\n\n\n

\u201cTotal housing inventory at the end of December totaled 1.07 million units, down 16.4% from November and down 23% from one year ago (1.39 million). <\/em>Unsold inventory sits at an all-time low 1.9-month supply at the current sales pace<\/em><\/strong>, down from 2.3 months in November and down from the 3.0-month figure recorded in December 2019. NAR first began tracking the single-family home supply in 1982.\u201d
<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

What Does This Mean for You?<\/strong><\/p>\n\n\n\n

If You\u2019re a Buyer:<\/strong><\/p>\n\n\n\n

Be patient during your home search. It may take time to find a home you love. Once you do, however, be ready<\/a> to move forward quickly. Get pre-approved<\/a> for a mortgage, be prepared to make a competitive offer from the start, and know that a shortage in inventory could mean you\u2019ll enter a bidding war<\/a>. Calculate just how far you\u2019re willing to go to secure a home and lean on your real estate professional as an expert guide along the way. The good news is, more inventory is likely headed to the market soon, Lawrence Yun, Chief Economist<\/em> at NAR, notes:<\/p>\n\n\n\n

\u201cTo their credit, <\/em>homebuilders and construction companies have increased efforts to build<\/em><\/strong>, with housing starts hitting an annual rate of near 1.7 million in December, with more focus on single-family homes\u2026However, it will take vigorous new home construction in 2021 and in 2022 to adequately furnish the market to properly meet the demand.\u201d<\/em><\/p>\n\n\n\n

If You\u2019re a Seller:<\/strong><\/p>\n\n\n\n

Realize that, in some ways, you\u2019re in the driver\u2019s seat. When there\u2019s a shortage of an item at the same time there\u2019s a strong demand for it, the seller<\/a> is in a good position to negotiate the best possible terms. Whether it\u2019s the price, moving date, possible repairs, or anything else, you\u2019ll be able to request more from a potential purchaser at a time like this \u2013 especially if you have multiple interested buyers. Don\u2019t be unreasonable, but understand you probably have the upper hand.<\/p>\n","protected":false},"excerpt":{"rendered":"

So East Hampton Village beach passes went on sale just a few days ago. \u00a0 So, how is it going? \u00a0 Um, it\u2019s sick. My best friend’s sister’s boyfriend’s brother’s girlfriend heard from this guy who knows this kid who’s going with the girl who saw Ferris at 31 Flavors last night and he said … Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","generate_page_header":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[2894,1670,1535,1358,2245,2899,2694,1428],"class_list":["post-5395","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-2894","tag-beach-permits","tag-east-hampton-village","tag-hamptons","tag-housing","tag-inventory","tag-real-estate-3","tag-summer"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8pfeo-1p1","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/hamptonschatter.net\/chatter\/wp-json\/wp\/v2\/posts\/5395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hamptonschatter.net\/chatter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hamptonschatter.net\/chatter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hamptonschatter.net\/chatter\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/hamptonschatter.net\/chatter\/wp-json\/wp\/v2\/comments?post=5395"}],"version-history":[{"count":4,"href":"https:\/\/hamptonschatter.net\/chatter\/wp-json\/wp\/v2\/posts\/5395\/revisions"}],"predecessor-version":[{"id":5401,"href":"https:\/\/hamptonschatter.net\/chatter\/wp-json\/wp\/v2\/posts\/5395\/revisions\/5401"}],"wp:attachment":[{"href":"https:\/\/hamptonschatter.net\/chatter\/wp-json\/wp\/v2\/media?parent=5395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hamptonschatter.net\/chatter\/wp-json\/wp\/v2\/categories?post=5395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hamptonschatter.net\/chatter\/wp-json\/wp\/v2\/tags?post=5395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}