It's high season in Hamptons beach country and with business moguls and media darlings alike gracing the beaches and streets, you may be wondering how the economy -- and the real estate market, in particlar, are faring there.
There's good news and bad news.
If you're looking at the high end, then you won't find any bargains. Expect to pay through the nose, as one does for most things there.
Such properties "sell quickly," Prudential Douglas Elliman Chairman Howard Lorber told "Squawk Box's"Carl Quintanilla, who's on location for the show in the exclusive New York resort area. "Sometimes we have a bidding war."