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What’s driving Wall Street to the Hamptons? Fear

Phones in tiny real-estate offices on every Main Street in the Hamptons have started to ring. It’s that time of year again: When Wall Street starts vigorously making plans to travel east for the summer.

Last summer was good for Hamptons business owners: A fresh breeze of optimism blew through Wall Street as the economy started to improve and the summer selloff of oil put an exclamation point on all of the fun.
Real-estate agents are “cautiously optimistic” about this summer, even as some predictions suggest a lackluster market and lower bonuses may dim the shine of Hamptons home sales this year.

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