Tag Archives: Bedford NY Luxury Homes for Sale

A Message from Supervisor Chris Burdick for Veterans Day | Bedford Real Estate

November 7, 2014

A Message from Supervisor Chris Burdick for Veterans Day

“This coming Tuesday, November 11, let us remember and honor those who have served our country in uniform.  For those who served, those who still are serving and those who honor them, this is a time to reflect on the millions of men and women of the United States Armed Forces who put their duty to country ahead of their own safety and lives.  Whether or not this Nation is at war or in a state of readiness, as it always must be, we are profoundly grateful for the courage and selflessness of the veterans who have served our Nation and protected our freedoms.  

       I ask all citizens of Bedford to join me this Veterans Day in honoring our veterans and those on active and reserve duty, together with their families.”  

Town offices will be closed Veterans Day, November 11

 

The Bedford Town Board will hold a public meeting on the recently completed Cherry Street Traffic Study on Tuesday November 18, 2014 at 7:00 p.m. at the Town House, 321 Bedford Road, Bedford Hills, New York. This study is a product of the Traffic Safety Working Group and meetings held throughout the Town.  The study focuses on safety improvements to Cherry Street at the intersections of Quick’s Lane and Valley Road and also discusses recommendations for the length of Cherry Street.  Copies of the study may be reviewed online by clicking here. In addition, copies of the study are available at the office of the Town Clerk.

 

Following this work session, the Town Board may take action on the recommendations at its regular November 18 meeting.

 

Next COC Meeting on Thursday, November 13 (please note date change) at 7:30pm at the Bedford Hills Community Center

A message from David Gabrielson, Chair: ” I hope you can join us at the COC meeting on the 13th to meet John Farr (for those of you who might not know him already!) and hear about the effort he’s leading to turn the Bedford Playhouse into a not-for-profit arts house along the lines of the Jacob Burns in Pleasantville and the Avon in Stamford (which John co-founded a decade ago). As you may know, the current tenant, Bowtie Cinemas, is not renewing their lease at year’s end.  A change like this will definitely require a lot of support, so please, come and hear about this extraordinary opportunity.”

 

 

Con Ed Tree Trimming,

click here

 

 2014 Leaf Pickup Schedule, click here

 

Con Ed to perform tree removal and trimming of dead trees and branches that threaten to damage power lines in the town. They hope to begin work the week of Oct. 13th 2014 and the work should take a couple of weeks to accomplish (depending on the weather.) Trees, Inc. is providing notification to the individual property owners that have trees of concern. Click here for a list of roadways that they will be working on.

 

For November meetings throughout the month, click here

 

Leaf Mulching

The Town of Bedford encourages residents to mulch their fall leaves to make use of leaves on their own properties. Mulched leaves benefit lawns and garden beds and when leaves are mulched the town can save money with fewer leaves to collect. Please tell your landscaper about the many advantages of leaf mulching. For more information click here and send this video to your landscaper to show him how professional landscapers mulch leaves on residential properties and why they like it so much.

For more information, please visit www.leaveleavesalone.org

This Garden Studio is Covered in 2,000 Hand-Painted Shingles | Bedford Real Estate

Bussum Garden Studio by Serge Schoemaker Architects

Tuinhuis Bussum - by Serge Schoemaker Architects

The challenge to fit this relatively large shed in a long, narrow garden resulted in an elongated plan.

Tuinhuis Bussum - by Serge Schoemaker Architects

Details: Located in Bussum, The Netherlands, this freestanding contemporary shed by Serge Schoemaker Architects in a private garden functions as a study, guest accommodation and storage.

Read more below…

Tuinhuis Bussum - by Serge Schoemaker Architects

Source: Photos by Raoul Kramer. Via MOCO Submit.

Tuinhuis Bussum - by Serge Schoemaker Architects

Tuinhuis Bussum - by Serge Schoemaker Architects

Tuinhuis Bussum - by Serge Schoemaker Architects

 

 

 

read more…..

 

http://mocoloco.com/vote/bussum-garden-studio-by-serge-schoemaker-architects/

 

 

Average US 30-year mortgage rate holds steady | Bedford NY Real Estate

 

The average 30-year U.S. mortgage rate this week remained at a 52-week low of 4.10 percent for the third straight week.

Mortgage company Freddie Mac also said Thursday the average for a 15-year mortgage, a popular choice for people who are refinancing, slipped to 3.24 percent from 3.25 percent.

At its 52-week low of 4.10 percent, the rate on a 30-year mortgage is down from 4.53 percent at the start of the year. Rates have fallen even though the Federal Reserve has been trimming its monthly bond purchases, which are intended to keep long-term borrowing rates low. The purchases are set to end in October.

The low rates appear to have boosted U.S. home sales. Also, moderating increases in home prices such as occurred in July should help support sales by making homes more affordable. Real-estate data provider CoreLogic reported Tuesday that home prices rose in July but at a slower rate compared with earlier this year.

Greater affordability has helped the housing market recover over the spring and summer after sales and construction fell earlier this year. Sales of existing homes rose for a fourth straight month in July to their strongest pace in nine months. And a measure of signed contracts also increased in July, suggesting that final sales will rise further in coming months.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

 

read more…

 

http://news.yahoo.com/average-us-30-mortgage-rate-141333476.html

 

 

Fixed Mortgage Rates Edge Lower | Bedford NY Real Estate

 

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates following bond yields lower. Averaging 4.12 percent for the week, the 30-year fixed-rate mortgage once again is at its 2014 low.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.6 point for the week ending August 14, 2014, down from last week when it averaged 4.14 percent. A year ago at this time, the 30-year FRM averaged 4.40 percent.
  • 15-year FRM this week averaged 3.24 percent with an average 0.6 point, down from last week when it averaged 3.27 percent. A year ago at this time, the 15-year FRM averaged 3.44 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.97 percent this week with an average 0.5 point, down from last week when it averaged 2.98 percent. A year ago, the 5-year ARM averaged 3.23 percent.
  • 1-year Treasury-indexed ARM averaged 2.36 percent this week with an average 0.5 point, up from last week when it averaged 2.35 percent. At this time last year, the 1-year ARM averaged 2.67 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 were down slightly amid a week of light economic reports. Of the few releases, retail sales were virtually unchanged in July after a 0.2 percent increase in June, ending five months of increases. Excluding motor vehicles and parts, retail sales were up 0.1 percent last month.”

 

 

Fed says U.S. banks easing loan standards, credit demand rising | Bedford Real Estate

 

Banks made it easier for Americans to get loans in recent months and demand for credit also increased, signs that the U.S. economic recovery is gaining steam.

The U.S. Federal Reserve said on Monday that banks eased their lending standards “for many types of loan categories amid a broad-based pickup in loan demand.”

The assessment was part of the Fed’s quarterly survey of senior loan officers, and was based on the responses gathered in the first two weeks of July from 75 U.S. banks and 23 U.S. branches of foreign banks.

The results are a positive signal for both the U.S. housing market and for business investment.

Many banks eased standards for mortgages lending, and domestic lenders were also making it easier for businesses to qualify for loans, the Fed said.

Economic growth in the United States surged between April and June, and most analysts expect the economy will keep growing at brisk rates during the rest of this year.

 

 

read more…

 

http://finance.yahoo.com/news/fed-says-u-banks-easing-180945440.html

 

More Loans Close Despite Tight Standards | Bedford NY Real Estate

Latest mortgage data is a puzzlement. A higher percentage of mortgage applications, including purchase mortgages and va mortgage loans, closed in June than in the past three years even though lending standards for purchase mortgages are virtually unchanged in a year.

The closing rate for mortgages received by lenders in the past 90 days closed in June. The jump in approvals drove the closing rate to 60.7 percent, higher than any month since Ellie Mae began tracking data in August 2011.

Purchase loans also hit a record high at 63.6 percent, up from 61.1 percent in May. Last year purchase loans averaged a closing rate of 60.1 percent. In June 2012, the closing rate for purchase loans was 57.8 percent.

“That 60.7 percent marks the first time since August 2011, when we began tracking data, that the closing rate for all loans eclipsed 60%. Parsed out, closing rates for refinances and purchases landed at 55.8 percent and 63.6 percent, respectively — both highs for 2014. With more loans closing, average days to close a loan increased, albeit slightly, to 41 days,” said Ellie Mae CEO Jonathan Corr.

Though closings increased, lending standards have barely budged. In June, 32 percent of all closed loans had an average FICO score of under 700, the same percentage as June 2013. Median FICOS for closed purchase conventional loans have fallen only 5 points in a year.

read more….

http://www.realestateeconomywatch.com/2014/07/more-loans-close-despite-tight-standards/

Mortgage Rates Tick Down Slightly | Bedford NY Real Estate

 

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS®), showing average fixed mortgage rates moving down slightly to remain near historic lows.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.13 percent with an average 0.6 point for the week ending July 17, 2014, down from last week when it averaged 4.15 percent. A year ago at this time, the 30-year FRM averaged 4.37 percent.
  • 15-year FRM this week averaged 3.23 percent with an average 0.5 point, down from last week when it averaged 3.24 percent. A year ago at this time, the 15-year FRM averaged 3.41 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.97 percent this week with an average 0.4 point, down from last week when it averaged 2.99 percent. A year ago, the 5-year ARM averaged 3.17 percent.
  • 1-year Treasury-indexed ARM averaged 2.39 percent this week with an average 0.4 point, down from last week when it averaged 2.40 percent. At this time last year, the 1-year ARM averaged 2.66 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 were little changed amid a week of light economic reports. Of the few releases, industrial production rose by 0.2 percent in June, below the market consensus forecast. Also, the producer price index for final demand rose 0.4 percent in June, rebounding from a 0.2 percent decline the prior month.”

Refinance share continues to grow | Bedford NY Real Estate

 

After weeks of steady declines and levels well below originations the same time last year, mortgage applications jumped a surprising 10.3% from one week earlier, according to data for the week ending June 6 from the Mortgage Bankers Association.

The previous week’s results included an adjustment for the Memorial Day holiday.
The Market Composite Index, a measure of mortgage loan application volume, increased 10.3% on a seasonally adjusted basis from one week earlier.

The Refinance Index increased 11% from the previous week. The seasonally adjusted Purchase Index increased 9% from one week earlier. The unadjusted Purchase Index increased 19% compared with the previous week and was 13% lower than the same week one year ago.

“The jump in applications shows folks are taking notice of rates near six-month lows,” said Quicken Loans vice president Bill Banfield. “The jump in purchase applications is especially good to see, as homeowners may finally be getting comfortable putting their home on the market with the level of inventory they see around them.”

The refinance share of mortgage activity increased to 54% of total applications from 53% the previous week. The adjustable-rate mortgage share of activity remained unchanged at 8% of total applications.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 4.34% from 4.26%, with points increasing to 0.16 from 0.13 (including the origination fee) for 80% loan-to-value ratio loans. The effective rate increased from last week.

 

 

read more…

 

 

http://www.housingwire.com/articles/30280-mortgage-applications-unexpectedly-jump-10-for-week

Home price gains over 20% vanish with cooling market | Bedford NY Real Estate

 

Home price gains have been slowing and now Bloomberg confirms what we’ve been seeing.

None of the 100 largest U.S. metropolitan areas had increases of more than 20% in residential asking prices last month — the first time in almost two years that’s happened, San Francisco-based Trulia Inc. (TRLA) said in a report. That compares with seven metro areas, including Las Vegas, Phoenix and California’s Silicon Valley, that had such year-over-year gains in May 2013.

“Big price increases mean there are fewer bargains to be found, and the closer prices get to where they should be, the less prices will rise,” Jed Kolko, chief economist at the property-data provider, said in a telephone interview. “I’d be surprised if we see markets getting back to 20%-plus gains. More inventory should be coming onto the market, investor activity is declining and affordability is worsening.”

 

 

read more…

 

http://www.housingwire.com/articles/30263-home-price-gains-over-20-vanish-with-cooling-market

 

Here are the top 10 markets for luxury homes | Bedford NY Real Estate

Despite reports of tight inventory across the nation, not all markets are struggling to survive. In fact, one market segment is reporting record growth, according the latest Redfin report.

This market is luxury homes for sale which are skyrocketing and are on pace to beat last year’s numbers.

Sales of the priciest 1% of homes are up 21.1% so far this year. This follows a gain of 35.7% in 2013.

Meanwhile, on the other side of the bridge, home sales in the remaining 99% of the market have fallen 7.6% in 2014.

Lawrence Yun, National Association of Realtors’ chief economist, noted in the most recent existing-home sales report from NAR, “Some growth was inevitable after sub-par housing activity in the first quarter, but improved inventory is expanding choices and sales should generally trend upward from this point. Annual home sales, however, due to a sluggish first quarter, will likely be lower than last year.”

But the one exception, Luxury Community Lots for Sale, paints a very different picture as 10 markets have already seen sales growth above 50% so far in 2014.

Click the next page to see the top 10 most expensive luxury markets.

10. Long Island, N.Y.:

The price to purchase home: $2,200,000

Average monthly mortgage payment: $8,787

9. Boston, Mass.:

The price to purchase home: $2,313,000

Average monthly mortgage payment: $9,239

Massachusetts

8. Ventura, Calif.:

The price to purchase home: $2,400,000

Average monthly mortgage payment: $9,586

7. San Diego, Calif.:

The price to purchase home: $2,400,000

Average monthly mortgage payment: $9,586

6. West Palm Beach, Fla.:

The price to purchase home: $2,466,000

Average monthly mortgage payment: $9,850

5. Miami:

The price to purchase home: $2,900,000

Average monthly mortgage payment: $11,583

Florida

4. San Jose, Calif.:

The price to purchase home: $3,380,000

Average monthly mortgage payment: $13,501

3. Orange County, Calif.:

The price to purchase home: $3,450,000

Average monthly mortgage payment: $13,780

2. Los Angeles:

The price to purchase home: $3,650,000

Average monthly mortgage payment: $14,579

1. San Francisco:

The price to purchase luxury homes: $5,350,000

Average monthly mortgage payment: $21,369

California houses

Here are the top 10 markets for luxury homes