Tag Archives: Bedford Hills NY Real Estate for Sale

Bedford Hills NY Real Estate for Sale

Seattle’s Glassy ‘Open House’ is Pretty Self-Explanatory | Bedford Hills Homes

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Location: Seattle, Washington
Price: $1,900,000
Seattle’s Open House probably does have an open house in its future, as it was listed yesterday for $1.9M, but the title refers to the glass walls in back that open up on both levels (the top one pushes up and out, and bottom one rolls up like a garage door). Between those large indoor-outdoor spaces, the too-spare modern staging, and what the listing calls “HUGE art walls,” the sale angle is clear: throw parties here.

A Curbed Seattle commenter who may or may not be one of the sellers says the “photos don’t do it justice,” and they do linger on the terrace/patio sections so much that it’s hard to get a sense for this 2009 work by Seattle architect Eric Cobb apart from white walls. There are some cool metal curtains on the bottom floor, a modern built-in bunk bed in the kids’ room, and a nearly all-stainless-steel kitchen.

The master bedroom is lofted above the kitchen and dining room, which is pretty interesting. You can’t really go wrong with concrete floors and exposed steel, and there’s a great deal of both.

 

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http://curbed.com/archives/2015/01/06/eric-cobb-architects-open-house-seattle-for-sale.php

30-Year Fixed Mortgage Rates Plunge to Lowest Rate in 16 Months | Bedford Hills Real Estate

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Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.81 percent, down from 3.96 percent at this same time last week.

The 30-year fixed mortgage rate dropped Wednesday, then hovered around 3.88 percent for most of the week before falling to the current rate.

“Rates dropped to the lowest level since June 2013 on news that the Federal Reserve has more reservations about the health of the U.S. and global economy than expected, which in turn, may delay rate hikes,” said Erin Lantz, vice president of mortgages at Zillow. “With little economic news planned to overshadow the Fed’s latest comments, this week we expect rates to fairly remain stable, hovering just shy of 4 percent.”

Additionally, the 15-year fixed mortgage rate this morning was 2.96 percent, and for 5/1 ARMs, the rate was 2.70 percent.

Purchase Mortgage Application Activity

Zillow predicts tomorrow’s seasonally adjusted Mortgage Bankers Association Weekly Application Index will show purchase loan activity was unchanged from the week prior. To learn more about this Zillow analysis, click here.

What are the interest rates right now? Check Zillow Mortgages for mortgage rate trends and up-to-the-minute mortgage rates for your state.

 

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http://www.zillow.com/blog/mortgage-rates-lowest-in-16-months-162115/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29

Bedford NY Town Hall Message | #BedfordHills Real Estate

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Dear Bedford Residents,

Members of the Jewish community throughout our three Bedford hamlets will gather this evening with friends and loved ones to celebrate Rosh Hashanah, the Jewish New Year.

This joyous holiday is an opportunity to reflect on the year that has passed and look to the year ahead. During this period of reflection, we once again celebrate the diversity that strengthens and energizes Bedford. And, we recommit ourselves to work together to create a safer, united and more peaceful future for all.


My warmest wishes to all for a healthy, happy and prosperous New Year.

L’Shanah Tovah

 
Chris Burdick

Supervisor

 

Investors’ pullback trims August home sales | Bedford Hills Real Estate

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Existing-home sales slipped 1.8% in August, breaking a four-month string of gains as some investor buyers left the market, the National Association of Realtors said Monday.

Sales dropped to a seasonally adjusted annual rate of 5.05 million in August, the National Association of Realtors said Monday. That’s down from 5.14 million in July — which was revised slightly lower than previously estimated — and a 5.33 million rate in August 2013.

Economists had expected a 5.18 million pace, according to the median forecast in Action Economics’ survey.

It has been 10 months since the annualized sales rate was higher on a year over year basis.

“There was a marked decline in all-cash sales from investors” last month, said Lawrence Yun, chief economist of the Realtors association. “On the positive side, first-time buyers have a better chance of purchasing a home now that bidding wars are receding and supply constraints have significantly eased in many parts of the country.”

Investors have provided much of the demand in the housing market for the past few years as they snapped up foreclosed properties at distressed prices and turned them into rentals. But their interest has cooled as the supply of foreclosures has receded and prices of other properties have risen.

All-cash sales were 23% of transactions in August, dropping for the second consecutive month to its lowest share since December 2009, the NAR said. Individual investors bought 12% of homes in August, down from 16% in July and 17% in August 2013. Sixty-four percent of investors paid cash in August.

 

 

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http://www.usatoday.com/story/money/business/2014/09/22/august-existing-home-sales/16016439/

 

New rentals surge in Brooklyn and Queens | Bedford Hills Real Estate

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With Manhattan rents continuing to rise, Brooklyn and Queens experienced a surge of new rentals during the month of July, according to Douglas Elliman’s monthly rental report. In Manhattan, the median rental price last month rose 5.4 percent to $3,205, its highest July level in six years, according to the report, which was released today.“Anyone who is looking for an apartment is really not getting a deal,” said Luciane Serifovic, executive vice president of rentals for Douglas Elliman. In Queens and Brooklyn, she said, “Tenants are pushing back and seeking apartments elsewhere because probably they have more opportunities with some of the new development buildings.”In Manhattan, the average rental price in July was $4,022, a 5.2 percent increase from the prior year period.

Meanwhile, the number of new rentals increased 7.2 percent to 4,938, a reflection of the busy summer season. And the vacancy rate dropped to 1.82 percent – the lowest July vacancy rate in five years – while the listing inventory dropped 4.4 percent to 5,690 available units. Not surprisingly, the percentage of rentals with landlord concessions was “nominal,” falling 1.6 percent, the lowest in two years, said Jonathan Miller, president of Miller Samuel and the author of the Douglas Elliman report. In Brooklyn and Queens, median rents also continued to climb. Brooklyn’s rental prices in July were just $353 lower than Manhattan, down from $500 in June, and the median rental price rose 6.6 percent to $2,852. But the number of new Brooklyn rentals skyrocketed 127 percent to 892 – a reflection of tenant’s resisting the price increases sought by landlords at the time of renewal. Miller said the uptick in new rentals was bolstered by new developments.

Developments in Brooklyn and Queens tend to be rental buildings, while they tend to be condos in Manhattan, he said. In Queens, new rentals surged 136 percent to 203, and in particular, they did so in new development buildings. One out of four new rentals was located in a new building, according to the report. Overall, Queens’ median rental prices rose 10.5 percent to $2,646. –

 

 

 

See more at: http://therealdeal.com/blog/2014/08/14/as-manhattan-rents-rise-new-rentals-surge-in-brooklyn-and-queens/#sthash.QaBYpbfp.dpuf

 

 

 

5 signs you’re ready to get a mortgage | Bedford Hills Real Estate

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Interest rates remain at historic lows and the housing market continues to steadily recover, creating a strong environment for buying a home.

This doesn’t mean the timing is right for everyone, but you may already be doing these five things that show you could be ready to move toward homeownership. And, unless you have significant amounts of cash on hand, that means you’ll need to get a mortgage.

And so, this article in The Globe and Mail outlines the five signs you are ready for a mortgage.

1. You are making the right financial strides

“If they have already started saving toward a down payment, that is a great sign,” said Jeffrey Baker, a real estate agent with Sutton Group in Montreal. “They have either been saving aggressively over a certain length of time and given themselves a target for the amount that will be their down payment. Or they will have had a meeting with a financial adviser or bank, who has shown them the amount they can realistically spend.”

2. You are creating a firm budget

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“A well-educated first-time buyer needs to know their budgets to know where they stand,” said Russell Westcott, vice-president of Vancouver-based Real Estate Investment Network.

 

 

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5 signs you’re ready to get a mortgage

 

Mortgage foreclosures hit their lowest level since mid-2006 | Bedford Hills Real Estate

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The number of homes facing bank auctions, default notices and scheduled auctions totaled 107,194 last month, down 16 percent from June 2013, according to RealtyTrac, a housing industry research firm based in Irvine, Calif. June’s total was the lowest since July 2006, the company said.

“Nationwide foreclosure activity in June reached an important milestone,” Daren Blomquist, a RealtyTrac vice president, said in a statement. “Over the next six to nine months, foreclosure numbers should start to flatline at consistently historically normal levels.”

The foreclosure numbers in Kansas and Missouri were mixed last month. Kansas reported 410 distressed properties in June, up nearly 33 percent from a year earlier. In Missouri, 946 properties faced foreclosure action, down nearly 43 percent from June 2013, RealyTrac said.

Through the first half of 2014, there were 613,874 properties nationwide with foreclosure filings, down 23 percent from the first six months of 2013.

Florida, Maryland, Illinois, New Jersey and Nevada had the highest foreclosure rates through the first half of 2014.

 

 

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http://www.kansascity.com/news/business/article742736.html

 

Read more here: http://www.kansascity.com/news/business/article742736.html#storylink=cpy

 

Own a Modernist Home in an Architects’ Utopia for $1.4M | Bedford Hills Real Estate

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26 images


Click here to view the full photogallery.

This circa-1948 International Style three-bedroom was designed and inhabited by Norman and Jean Fletcher, two founding members of The Architects Collaborative, or TAC, which was started in 1945 when Bauhaus mainstay Walter Gropius teamed up with a group of young architects. The very rectangular 3,400-square-foot abode is part of the planned community of Six Moon Hill in Lexington, Mass., an early TAC pursuit that saw most of the founding partners (Gropius excluded) building houses and starting families on 20 bucolic acres they bought together. The Fletcher residence, which was last sold in 2013 for $1.34M, has the same flat roof, vertical wood siding, and walls of glass shared by the original Six Moon Hill homes, and also shares their communal commitment to keeping bedrooms small and shared spaces expansive. Back in 2004, one resident told the Boston Globe that “things have changed since the ’50s and ’60s, when everyone was running in and out of everyone’s houses.” But at least a decade ago, the socialist spirit of the place lived on in “great community traditions, like snowstorm parties.” The ask, for admittance into this Bauhaus-inspired American experiment? $1.398M.

 

 

 

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http://curbed.com/archives/2014/07/07/own-a-modernist-home-in-an-architects-utopia-for-14m.php

Fixed Mortgage Rates Lower for Fifth Straight Week | Bedford Hills Real Estate

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Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates falling for the fifth consecutive week and hitting new 2014 lows. The average for the 30-year fixed-rate mortgage is at its lowest point since the week of October 31, 2013.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.6 point for the week ending May 29, 2014, down from last week when it averaged 4.14 percent. A year ago at this time, the 30-year FRM averaged 3.81 percent.
  • 15-year FRM this week averaged 3.21 percent with an average 0.5 point, down from last week when it averaged 3.25 percent. A year ago at this time, the 15-year FRM averaged 2.98 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.96 percent this week with an average 0.3 point, unchanged from last week. A year ago, the 5-year ARM averaged 2.66 percent.
  • 1-year Treasury-indexed ARM averaged 2.41 percent this week with an average 0.4 point, down from last week when it averaged 2.43 percent. At this time last year, the 1-year ARM averaged 2.54 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.

“Fixed mortgage rates eased a bit for the fifth consecutive week as reports that existing home sales are up 1.3 percent but not as much as expected. However, new home sales rose 6.4 percent in April to a seasonally adjusted annual rate of 433,000, which followed an upward revision of 11,000 units for the prior two months.”

“Also, as the spring home buying season continues, we see stronger consumer confidence as house prices remain on the rise. The Conference Board reported that confidence among consumers rose in May after dipping in April. Meanwhile, the S&P/Case-Shiller® 20-city composite index rose 0.9 percent in March, above the consensus forecast.”

 

 

One Night In The Biltmore Hotel’s Famous Al Capone Suite | Bedford Hills Real Estate

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1:30 PM: I arrive at the Biltmore Hotel, ready for a night in the huge Al Capone Suite, a few very good meals, a swim in a giant pool, and maybe some ghosts. There were no ghosts, but there would be a door that opened itself later in the evening. I check in, and head upstairs to have a quick look around before afternoon tea in the lobby.

In the elevator I discover the suite is on the 13th floor. Yep, unlike many buildings that superstitiously omit the 13th floor, the Biltmore doesn’t. There’s a small elevator lobby with double doors, leading to the suite’s foyer that enters into a small kitchen and the grand double-height living room. This is a really mind-blowing suite. A massive stone fireplace is in front of you, there is a dining table on the right, a sitting area in the middle, and a large desk to the left. A piano is also to the left. Windows on the far ends look out onto balconies which are accessed through small side-doors that also lead to the suite’s other spaces. A balconied mezzanine encircles the room, with a vaulted, chandelier-mounted, frescoed ceiling above. The suite occupies two entire floors of the hotel’s tower.

 

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http://miami.curbed.com/archives/2014/05/19/the-biltmore.php