Tag Archives: Bedford Hills Homes for Sale

Bedford Hills Homes for Sale

Terry Riley Explores Miami’s Return To Its Pedestrian Roots | Bedford Hills Real Estate

 

In a guided tour by car of downtown Miami, Terry Riley, former top architecture curator at the MoMA in New York and one of Miami’s reigning architecture intellectuals, tells Dezeen that Miami’s pedestrian sensibility is returning to the core of the city. The historic design of downtown Miami, with its wide pedestrian arcades to guard against sun and rain are a result of the city originally being laid out in the very late 19th and early 20th centuries with the pedestrian in mind.

When businesses needed access to larger spaces, and construction with lots of glass and air conditioning became the preferred way to keep Miami’s hot climate at bay, Brickell started to boom with its tall glassy towers, windswept pedestrian plazas, and copious parking decks. Miami “lost commonsense construction with air conditioning and underground parking garages,” Riley says, noting that Miami’s present relationship to downtown, signaled in the blossoming bars, boutiques and bicyclists where there had been or continue to be boarded-up storefronts, “is completely new.”

The most spectacular evidence that downtown Miami has come back to its senses could be the enormous overhanging eaves of the Pérez Art Museum Miami, the successor of the Miami Art Museum whose move to the bay front was announced four days before Riley resigned his post as director of that institution. Riley tacitly acknowledges that the museum’s prior location in the Philip Johnson-designed cultural complex failed in its mission to “serve as a catalyst” for development downtown. In fact it had been the second time Riley replaced Johnson. His old position at the MoMA was created for Johnson in the 1930s, who occupied it for years.

 

http://miami.curbed.com/archives/2014/01/13/terence-riley-on-miamis-return-to-its-pedestrian-roots.php

Prices to Plateau for Months? | Bedford Hills NY Homes

The price increases that drove the recovery in 2013, wiping out $232 billion in negative equity and prompting millions of owners to sell, may go out with a whimper when the new year arrives, leaving real estate markets with anemic price gains, if any, for months to come.

There is a growing consensus among economists and analysts that the recent slowdown in price increases is not just a seasonal lull, but the beginning of a plateau that could last through the late fall and winter months.

A new analysis by CoreLogic economist Molly Boesel examines the relationship between CoreLogic’s HPI index and list prices in recent months and suggests that, since the asking price for new listings has decreased over the past four months. “If the relationship between new listing prices and the HPI holds, this is an indication that the HPI will also be leveling off,” she wrote in an article released today.

In the same CoreLogic publication, CoreLogic’s deputy chief economist, Sam Khater, found that houses in lower price tiers are a barometer of the overall market. Low-end price changes and levels lead higher end prices by six months to a year. Low-end prices also are much more volatile because buyers of low-tier homes-first-time buyers, investors, and lower income repeat buyers are more sensitive to economic trends than higher end home buyers.

“Clearly lower-end homes prices are decelerating especially in the former boom-bust markets in the Southwest,” Khater wrote, “Current low-end prices are 22 percentage points above higher-end prices, the biggest gap during the past two decades. This indicates that the low-end price corrections over and that overall price growth will be markedly slower heading into 2014.”

The latest price reports on November from realtor.com based on its listings show prices declined 0.7 from to a 6.9 percent year over year price increase. Trulia reported asking home prices rose 1.0 percent month-over-month, the greatest monthly increase in five months. . Clear Capital reported home prices cooled off to a 10.8% year-over-year growth, a slight tapering over the previous quarter’s 11.0% yearly growth. The CoreLogic Pending HPI indicates that November 2013 home prices, including distressed sales, are expected to remain at the same level month over month as October 2013, with a projected increase of 12.2 percent on a year-over-year basis from November 2012. Excluding distressed sales, November 2013 home prices are poised to rise just 0.4 percent month over month from October 2013 and 11.3 percent year over year from November 2012.

http://www.realestateeconomywatch.com/2013/12/prices-to-plateau-for-months/

Power: Few storm-related outages reported | Bedford Hills NY Homes

Nearly everyone appeared to have electricity in Westchester, Rockland and Putnam counties Friday morning in the wake of the overnight snowstorm.

Consolidated Edison, Orange & Rockland Utilities, NYSEG, and Central Hudson Gas and Electric were showing few weather-related outages in the three counties.

“We had almost no activity last night,” Orange and Rockland spokesman Michael Donovan said. The dry, light snow left by the storm “didn’t have an impact on the system whatsoever,” he said.

Sidney Alvarez, a Consolidated Edison spokesman, said just a handful of Westchester customers were left without power. A fuse in a transformer in Greenburgh blew at 7:43 a.m., he said, leaving 116 customers near the intersection of Underhill Road and Central Park Avenue without lights for several hours. By about 10:45 a.m., however, power had been restored to all but eight customers in the area.

In Ossining, he said, a vehicle struck a utility pole, leaving 21 customers there without power.

“We were prepared for some major impacts on our system,” Alvarez said. “We’re quite fortunate that Mother Nature didn’t have a huge impact.”

In Yonkers, a city of 200,000 people, only seven customers were without power.

http://www.lohud.com/article/20140103/NEWS02/301030041/Power-Few-storm-related-outages-reported

Australia House-Price Jump Rekindles Bubble Fears | Bedford Hills Homes

Home prices in Australia’s main cities surged in 2014, deepening concern a possible housing bubble may be forming that could potentially derail a fragile economic recovery.

The country’s property market ran hot again last year with prices nationally rising at the fastest pace in more than three years, fueled by record-low interest rates and growing demand for investment housing.

The sharp rises throughout past year have created some of the most expensive property in the world, fanning concern the market may be overheating and that a sudden crash could make jittery consumers even more nervous about spending.

The central bank has cut rates eight times in the past two years to try to get other sectors such as retail and housing to pick up and to compensate for a fading mining boom that is expected to dent the economy in coming years.

The RP Data-Rismark house-price report for December showed home values rose by 9.8% during the 2013 calendar year. Sydney, the country’s largest property market, posted a 14.5% gain over the same period, while property prices in Melbourne and Perth also made strong advances. In December, home values nationally rose by 1.4% from November.

The housing figures came on the same day data showed manufacturing activity contracted in the last month of 2013. It was the second contraction in a row that erased expansions in September and October.

“This latest snapshot is yet another reminder of the urgency for Australia to put itself on a more balanced and diversified growth path,” said Innes Willox, chief executive of AIG Group, which did the survey.

The disparity between surging house prices and weaker manufacturing highlights the key challenge facing Australia’s economic-policy makers, who must find new sources of growth as the decadelong mining boom cools.

http://online.wsj.com/news/articles/SB10001424052702303640604579295503032402682

What a midsize home costs in 15 cities | Bedford Hills Real Estate

We can envision a tiny house or a sprawling mansion. But how big, exactly, is a “midsize” home?

According to the latest available data (PDF) from the Census Bureau, the median size for a U.S. single-family house is 2,306 square feet. This means that half of all homes in the country are smaller than this size, and half are larger.

What this kind of home costs, however, varies greatly by city.

Here’s a look at homes for sale that are at or near the median home size in 15 parts of the country.

http://realestate.msn.com/what-a-midsize-home-costs-in-15-cities

Sheryl Crow Relists Her Tennessee Ranch With Another Big Price Cut | Bedford Hills Homes

 

You’d think an equestrian estate owned by a Grammy Award-winning singer would fly off the market, but Sheryl Crow has been trying to sell her Tennessee ranch, formerly known as Cross Creek Farm, for 3 years and 9 months.

First listed in 2010 for $7.5 million, the estate at 6664 Cross Keys Rd, College Grove, TN 37046 received a 40 percent price cut in May 2011. At that time, the size of the property was also cut from 147 acres down to 51, as it was proving to be “a handful to sell,” according to The Tennessean’s Nancy Mueller.

Now in another effort to entice a buyer, Crow has dropped her asking price to $3.85 million, but that’s still on the high end for College Grove homes. According to Zillow’s mortgage calculator, a buyer could expect a monthly payment around $15,489, assuming 20 percent down on a 30-year fixed mortgage.

Currently held by Jay Barron of Harpeth Company, the listing includes a contemporary 10,433-square-foot residence, a 14-stall horse barn, an indoor arena and an outdoor pool. The guesthouse and remaining 96 acres are being sold separately.

Meanwhile, Crow also has been trying to sell her L.A. home. It first hit the Hollywood Hills market in October 2012 for $15.95 million and dropped to $12.495 million this summer.

 

 

http://www.zillow.com/blog/2013-12-26/big-price-cut-on-sheryl-crow-ranch/