Robert Frank
Wealth Editor at CNBC
CNBC Wealth Reporter, Best-selling author of “Richistan,” former WSJ.
Articles
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3 weeks ago |
cnbc.com | Robert Frank
Wide shot of friends and family enjoying dinner and sunset during destination wedding reception at luxury villa in MoroccoThomas Barwick | Digitalvision | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
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3 weeks ago |
cnbc.com | Robert Frank
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4 weeks ago |
nbcnews.com | Robert Frank
Summer rentals in the Hamptons are off to a chilly start to the season, as unrented homes start to pile up and sales slow, according to brokers. Hamptons rentals are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate. Brokers who focus on ultra-high-end rentals say their rental business is down between 50% and 75%. "People are holding on to their money," said Enzo Morabito, head of the Hamptons-based Enzo Morabito Team at Douglas Elliman.
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4 weeks ago |
cnbc.com | Robert Frank
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailHamptons summer rentals down 30% compared to last yearCNBC's Robert Frank joins 'Squawk on the Street' to discuss why rentals in the Hamptons are piling up.
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4 weeks ago |
cnbc.com | Robert Frank
Summer rentals in the Hamptons are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate. Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down between 50% and 75%. Some renters may be holding out for better deals or waiting to book, but brokers privately say there are other factors at play.
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