No Sign Home-Price Falls Ending  – WSJ

Home prices continued their multiyear tumble, as the S&P Case-Shiller national index posted a 19% drop in the first quarter. Consumer confidence rebounded strongly in May.
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Hamptons beaches make list of best in the US
Newsday – Long Island,NY,USA
Two Hamptons beaches have made it on to Dr. Beaches’ (akacoastal expert Dr. Stephen P. Leatherman’s) list of the top 10 beaches in the United States.

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Ex-Lehman President Joe Gregory Slashes Price On Hamptons Mansion
The Business Insider – New York,NY,USA
After trying to dump his Bridgehampton crib for more than a year, Joe Gregory is finally caving on price. Now it’s yours for $27.9 million.

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As the East Hampton Town Board grapples with a projected shortfall of $4.1 million, the council member’s are identifying ways to plug the gap without incurring long-term damage to the township. One solution, sell town land and equipment. Across the board budget cuts also being considered.

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Nice House, Big Loan

Some midlife crises are more expensive than others.
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