Category Archives: Bedford

Space-Saving Wood-Paneled Apartment in Manhattan | Bedford NY Real Estate

When your anthropologist client’s notion of home is shaped both by a single-room hut in a West African village and the tiny New York City apartment she has inhabited since 1980, you’d better get very comfortable with working in cramped quarters.

Such was the case when Brooklyn architect Tim Seggerman was tapped to renovate a moldering brownstone studio on Manhattan’s Upper West Side for a college professor.

The apartment, a 240-square-foot shoebox with a sleeping loft over the kitchen, was in dismal shape, without a true line or flush surface. “You couldn’t imagine a place that was more messed up,” says Seggerman, a man of serene bearing who might easily be confused with the actor Tom Skerritt. His solution was to insert what he calls a “crafted jewel box” into the undersize space, creating an enveloping cabin of blond woods.

Seggerman’s architectural inspiration was not so much African village as mid-century modernism, specifically the work of legendary furniture designer George Nakashima. Both the architect and his client spent adolescent years in Bucks County, Pennsylvania—where Nakashima had his home—and share an affinity for the master’s precision joinery. Seggerman works in the same tradition, crafting the components of his architectural projects by hand in his home studio.

Visiting the apartment is like sitting inside one of Nakashima’s cabinets, a metaphor realized most fully in an ingenious “library”—really just a glorified cubby with a banded maple ceiling, conjured from a free space adjacent to the loft bed.

The entire apartment is a master class in finish carpentry: There are cabinets of cypress and bamboo; a gently chamfered ash-and-beech staircase; flooring of quartered white oak; a desk of red birch slats that slips out into the living space. The lighting in the loft, much of it recessed behind panels of papyrus, lends the space a subtlety that doubles the sense of warmth. “It’s basically a piece of woodwork,” says Seggerman. “I’m very proud of that.”

 

 

http://www.dwell.com/house-tours/article/space-saving-wood-paneled-apartment-manhattan

 

 

 

Fed shocks market, decides not to taper | Bedford NY Real Estate

The Federal Open Market Committee decided Wednesday to keep purchasing additional agency mortgage-backed securities at its current pace to foster the ongoing housing recovery and fight unemployment.

In other words, the market was tricked — no tapering just yet — despite numerous predictions of a $10 billion reduction in monthly asset purchases by the Fed.

The FOMC made that conclusion after members met this week and announced that although the housing sector is strengthening, “mortgage rates continues to rise further and fiscal policy is restraining economic growth.”

As a result, the central bank will continue purchasing agency MBS at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion a month. Yields on 10-year Treasurys dipped from a daily high of 2.9% to below 2.8% on the news. Yields on Fannie Mae and Freddie Mac bonds also dropped, according to Bloomberg, with spreads between MBS and the 10-year swap winding 6 basis points closer.

“The committee sees the improvement in economic activity and labor market conditions since it began its asset purchase program a year ago as consistent with growing underlying strength in the broader economy,” FOMC members said.

They added, “However, the committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases.”

The vote for the statement was 11 to 1 with Esther George, president of the Federal Reserve Bank of Kansas City dissenting because she was concerned that the continued high level of bond-buying program increased future economic risks.

 

 

http://www.housingwire.com/articles/26914-fed-halts-qe-wind-down

 

 

Bedford Town Board Approves Water Hike | Katonah Real Estate

Bedford residents will have to pay a little more for their water in order to pay for a new water filtration plant in Katonah.

The Bedford Town Board unanimously approved water rate increases last week. Average water rates will increase by 20 percent, abut $97 a year.

“The water filtration plant is in operation and is producing great quality water,” Department of Public Works Commissioner Kevin Winn said. “Due to the increased expenses of the plant, we do need to have slight rate increase though it is less than anticipated.”

Winn said the town’s goal with the rate increase was to advocate for more water conservation. Minimum water rates are lower, but the rates increase with the more water used.

The rate increase will go into effect on Oct. 1. The rate increase was less than anticipated due to electric and waste disposal costs being less than anticipated.

Gordon Strong, a Katonah resident, complained he was being penalized by the new rate structure. Strong has a one inch water main and would be paying more than his neighbors who have larger homes and might use more water.

“I don’t think it’s fair,” Strong said. “I am being asked to pay a higher rate. I should be made an exception.”

Winn said he should change the size of his water meter and residents are charged for meters because they put more tax on the water system.

 

 

http://bedford.dailyvoice.com/news/bedford-town-board-approves-water-hike

Bedford has 3 candidates for open school board seat | Bedford NY Homes

The Bedford Board of Education announced that three applications have been received for an open seat on the board of education: Joe Malichio (Pound Ridge); Edward Reder (Mount Kisco); Brian J. Sheerin (Bedford Corners).

The Board of Education will conduct public interviews of the three candidates at a special board meeting at 7 p.m.  Sept. 18, in the Little Theatre at the Fox Lane Middle School. The meeting will be televised live on BCSD-TV (Bedford Channel 18 and FIOS Channel 1982), available on the district website via live video streaming and subsequently rebroadcast on BCSD-TV and the website.  The League of Women Voters will moderate the interviews.

Copies of the completed applications will be available at the Sept. 18  meeting. To allow for input, members of the community are invited to provide feedback on the candidates by emailing the board of education at boe@bcsdny.org no later than Sept. 20th.

The board will consider each candidate based upon his/her application, interview responses and community input. The board plans to discuss the candidates in an executive session and to announce the appointment of the new member as soon as possible.

The new board member will assume his/her seat on the board and begin the mandated orientation program immediately.  The new member will serve until the May 20 general election for Board of Education members.

 

 

http://northernwestchester.lohudblogs.com/2013/09/13/bedford-has-3-candidates-for-open-school-board-seat/

Survey: Affluent homebuyers will give up space for amenities | Bedford NY Real Estate

The vast majority of luxury homebuyers used an agent, are willing to give up square footage for an amenity they want and wouldn’t live in a home that isn’t tech-friendly, according to a survey commissioned by Better Homes and Gardens Real Estate.

The online survey of 500 affluent homebuyers, conducted by Wakefield Research between May 20 and June 4, also showed that most luxury homebuyers believe homeownership is a more sound investment than the stock market, would rather live in a “smart” home than a “green” home, and would rather have an upgraded home than more square footage.

“The luxury consumer is considered a trendsetter in most industries, and to see the strong connection this consumer has with ‘home’ is very significant as we look at the real estate market as a whole,” said Sherry Chris, president and CEO of Better Homes and Gardens Real Estate, in a statement.

Luxury homebuyer survey statementPercentage of respondents agree
Used an agent for real estate services96%
Willing to give up 1,000 square feet of living space in their next home for a lifestyle amenity they want94%
Believe their house is the best on the block93%
Wouldn’t live in a home that isn’t tech-friendly87%
Homeownership is a more sound investment than the stock market75%
Consider a “smart” home more important than a “green” home66%
Rather have upgraded home than more square footage60%
Own multiple homes58%
Homeownership is a bigger indicator of success than their job or title*57%
Prefer owning multiple “lifestyle” homes to support recreational activities like skiing and theater-going53%

Source: Online survey of 500 luxury homebuyers between May 20 and June 4, 2013, conducted by Wakefield Research *Of those luxury homeowner survey respondents who have jobs

A majority of the affluent homebuyers surveyed said they used an agent for neighborhood lifestyle insight (65 percent) as a source of advance info for new listings (64 percent), as a go-to source for housing trends (55 percent) and for support through the homebuying process (53 percent).

More survey results:

– See more at: http://www.inman.com/2013/09/10/survey-affluent-homebuyers-will-give-up-space-for-amenities/#sthash.tSIc4fid.dpuf

7 ways to stay safe when buying a home online | Bedford Real Estate

Most consumers are comfortable with their security when banking or shopping online, but house hunting should take your online security to another level.

With 90% of buyers taking to the Internet to search for homes last year, online security experts warn homebuyers that cybercriminals are ready and waiting to take advantage.

“People who are looking for a home have money and criminals are out there watching,” says Dmitry Bestuzhev, head of the global research and analysis team of Kaspersky Lab, an antivirus and security software company in Quito, Ecuador. “It’s like walking around a minefield. Buyers need to take steps to protect their information from identity theft and their computer from viruses.”

Spammers can set up fake websites to capture personal information. The sites are designed to look like legitimate bank or property listing websites.

Start by searching for homes on reputable, well-known websites such as Realtor.com, Zillow.com and Trulia.com.

“People put a lot of trust into the Web but the reality is there’s a bad guy around every corner,” says Robert Siciliano, a personal-security and identity-theft expert in Boston.

 

 

http://realestate.msn.com/7-ways-to-stay-safe-when-buying-a-home-online

Latest Mortgage Rate Update from Freddie Mac | Bedford Real Estate

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.50 percent with an average 0.7 point for the week ending September 19, 2013, down from last week when it averaged 4.57 percent. A year ago at this time, the 30-year FRM averaged 3.49 percent.
  • 15-year FRM this week averaged 3.54 percent with an average 0.7 point, down from last week when it averaged 3.59 percent. A year ago at this time, the 15-year FRM averaged 2.77 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.11 percent this week with an average 0.5 point, down from last week when it averaged 3.22 percent. A year ago, the 5-year ARM averaged 2.76 percent.
  • 1-year Treasury-indexed ARM averaged 2.65 percent this week with an average 0.4 point, down from last week when it averaged 2.67 percent. At this time last year, the 1-year ARM averaged 2.61 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

Quotes Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.

“Mortgage rates drifted downwards this week amid signs of a weakening economic recovery. Retail sales rose 0.2 percent in August which was nearly half of July’s 0.4 percent increase. In addition, industrial production in August grew 0.4 percent, less than the market consensus forecast. And lastly, consumer sentiment fell for the second consecutive month in September to the lowest reading since April.

“This, in part, was why the Federal Reserve chose to maintain its MBS and bond-buying program at its September 12th and 13th monetary policy committee meeting. It also cited the tightening of financial conditions observed in recent months, which in the case of the housing market means the rise in mortgage rates since May.”

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit www.FreddieMac.com and Twitter: @FreddieMac.

Turning Point for Housing Market? | Bedford Hills Real Estate

As the year’s peak home buying season comes to a close, key market indicators point to a shift in the dynamics of the housing market, suggesting that future home value appreciations may likely be driven by market demand, rather than inventory shortages.

An analysis of the summer home buying season ending in August shows year-over-year changes now within the single-digits for three key indicators – inventory count, median age and median list price, signaling a leveling of the market not seen for some time.  The national market was virtually flat month-over-month compared to July for both inventory and median list price, and registered a slight increase in median age of inventory.

“Where we have seen significant volatility in many markets, including double-digit declines in inventory as well as increases in median price for both yearly and monthly views, we are now looking at a housing market that is less heated and moving closer to normalcy,” said Steve Berkowitz, CEO of Move.

Realtor.com® Key National Market Indicators for August 2013

August 2013

Year-over-Year %

Change

Month-over-Month %

Change

Number of Listings

1,977,202

-2.50%

0.93%

Median Age of   Inventory

92 days

-8.00%

8.24%

Median List Price

$199,900

6.39%

0.00%

National Highlights:

Widespread Inventory Recovery – The inventory recovery is broad and growing.  The net number of listings increased even though the summer season is ending. Close to one-third of the 146 markets are within 5 percent of last year’s inventory levels, and more than two-thirds (99) of markets registered a net increase in inventory over last month.

Prices Stabilize – Despite the increase in inventories, the national median list price did not change compared to July. Absent a significant weakening in economic conditions or significantly higher rates, prices should continue to slowly rise alongside typical cost of living increases.

Price Appreciation Becoming More Widespread – In August, 123 of the 146 Metropolitan Statistical Areas (MSAs) covered by realtor.com® registered a year-over-year increase in their median list price, with 78 markets registering an increase of 5 percent or more.  Of the 18 markets reporting a list price decline, only 11 markets had a year-over-year list price decline of one percent or more, and only three markets had a list price decline of 5 percent or more.  By contrast, the number of markets reporting year over year median prices lower than they were last year was 31 in July.

 

 

 

http://www.realestateeconomywatch.com/2013/09/6604/

Las Vegas bomb shelter estate for sale at $1.7M | Bedford NY Real Estate

In 1978, a Las Vegas businessman built a bomb shelter for him and his wife to live in in case of Soviet attack.

Now, the estate, made up of two underground houses and an above-ground house with a garage and an acre of land, is listed for sale at $1.7 million. Amenities include a putting green, 360-degree mural, and an underground yard surrounding the place on all sides.

Source: Fast Company

– See more at: http://www.inman.com/wire/las-vegas-bomb-shelter-estate-for-sale-at-1-7m/#sthash.rFDXbJte.dpuf

A Rustic Zero Energy Home | Bedford NY Real Estate

On the edge of Eagle Mountain Lake, just northwest of Fort Worth, Texas, sits  green builder Don Ferrier’s latest masterpiece — a zero energy home.  Sandwiched between trees and shrubs, the house is a rustic, two bedroom home  with a deep front porch. The exterior siding and interior beams are made of  reclaimed barn wood, giving the home a classic, aged look. This house, which  Ferrier calls the “zero energy casita,” looks like it has been here for years.  In fact, it’s a brand new, eco-friendly home thanks to the insulation, wind  turbine and many other influential features that leaves him with no energy  bills.

Ferrier is no stranger to green home building. His first green building was  an earth-sheltered home that he built in 1982. By 1985, he was designing green  homes and using structural insulated panels (SIPs), which are energy-efficient  building panels that are made by sandwiching pieces of polystyrene between two  pieces of oriented strand board (OSB).  He still uses these today to make  all of his buildings energy efficient.

“I stumbled into it and I can’t take credit for being a visionary,” he  says.

“Once into building green we were totally on board and passionate. I love it  that we have made such a positive difference in so many folks’ lives.”

In 2004, he founded Ferrier Custom Homes with his daughters and long-time  construction supervisor, Tom Grywatch. Ferrier went on to build the first LEED  platinum home in Texas, won the 2007 Green Building Advocate of the Year award  from the National Association of Home Builders and was named one of the “Godfathers of Green” by the Dallas Builder Association. Ferrier Custom Homes  only builds custom homes and the company is involved in the entire process. “Proper planning and design are essential to high performance building,” Ferrier  says.

When designing the zero energy casita, Ferrier’s No. 1 challenge was the hot  Texas climate. Ferrier designed the casita to be air tight and well-insulated by  using SIPS and low emissivity (low-e) windows. Ferrier also chose a galvanized  metal roof (because its silver color will reflect up to 73 percent of heat from  the sun), and installed a radiant barrier, Tyvek Home Wrap, to keep heat and  water out.

Because the house is tightly sealed and well-insulated, it holds in heat  extremely well. That’s an advantage in the winter, but during the summer it’s a  potential problem. However, the large front porch is designed to delay the sun  from hitting the windows until late in the day. A 50-foot oak tree and 40-foot  shrubs around the house also help block the sun in summer and keep the house  cool. Because of the hot climate, Ferrier also decided to install a high  performance air conditioner. He chose an air conditioner with a 16 seasonal  energy efficiency ratio (SEER), which measures the equipment energy efficiency  during the cooling season. This is higher than both the national requirement of  13, and Energy Star standard 14.

According to Energy Star, the average, non-Energy Star home in North Texas  experiences 13 air changes an hour, and the average Energy Star home has six air  changes an hour. Every time the air conditioner turns on in an hour indicates an  air change. In contrast, the tightly insulated zero energy casita, experiences  only one air change an hour. That improves the efficiency of heating and  cooling, but to be sure the home gets enough fresh air, it also has a fresh air  intake.

Ferrier knows the importance of good air quality, so a HEPA air filtration  system and central dehumidification system were also installed. He was careful  to use products without volatile organic compounds (VOC) and formaldehyde, so  the interior was painted with low- or no-VOC paint.

But to be a zero energy home, it must contain a source of power. Wind energy  was a natural choice for Texas, which has the most wind power potential of any  state, according to the National Renewable Energy Laboratory. To utilize this  energy, a Skysteam wind generator was installed in the backyard of the  casita.

In addition to using recycled construction materials, 80 percent of the  construction waste from the casita was recycled. Tree trimmings were reused as  mulch for flower beds and newly planted trees.

Read more: http://www.motherearthnews.com/print.aspx?id={C04A19FF-F4F3-45CE-A035-58565FDEFA6A}#ixzz2f9n98hf3