"The latest estimates from State Comptroller Thomas DiNapoli peg the bonus pool at nearly $50 billion, with average payouts approaching $250,000, the highest in at least three decades."
"Wall Street performance feeds into the housing market for several years. This doesn't just speak to 2026 because some of the compensation is delayed."
"If Manhattan is on tap for a boost, the Hamptons may get an even bigger one. Miller has long described the luxury enclave as joined at the hip with Wall Street."
"The median sale price in the Hamptons rose to above $2 million last year, with 82 homes trading for more than $5 million, according to data from Miller's firm, Miller Samuel."
Wall Street bonuses have hit a record high of nearly $50 billion, with average payouts around $250,000. Profits in the sector exceeded $65 billion, contributing to a strong luxury real estate market in Manhattan and the Hamptons. The financial sector's success is expected to enhance housing activity across various segments, particularly benefiting the upper market. The Hamptons, closely linked to Wall Street, saw median sale prices rise above $2 million, with a significant number of high-value transactions. Scarcity of inventory also plays a role in rising prices.
Read at therealdeal.com
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