Category Archives: Bedford Corners NY

New Jersey home affordability drops in 1Q | Bedford Corners Real Estate

 

New Jersey home prices are on the rise for the second consecutive quarter as a result of purchase demand and tight inventory levels.

These two factors tend to make homes less affordable.

Median home prices jumped 2.07% in the first quarter to $262,661, compared to $257,331 a year earlier, according to data from Otteau Valuation Group.

Rising home prices stem from increased demand, tighter inventory levels and continued economic recovery. The for-sale inventory in New Jersey is currently at an eight-year low, while the pace of sales is the highest it’s been in six years.

The number of New Jersey homes considered affordable dropped in the first quarter due to higher home prices coupled with rising mortgage rates. In fact, the state’s affordability index declined for the first time in two years to 130%, an indicator that the median income of today’s homebuyers can afford a home that is priced 30% higher than the state’s median home value.

Despite the drop in affordability, desperate homebuyers are still rushing to take advantage of lower-than-normal prices and record-low rates.

Moving forward, the combined effect of price increases and mortgage rates will continue to erode homebuyer purchasing power in the market.

 

http://www.housingwire.com

Get This Look: Greenery in the Home | Bedford Corners Homes

Greenery can add a lot to a home, but for many homeowners the idea of incorporating living plants into a space is daunting.

“So many of my clients will say, ‘I kill everything I have!’” said designer Jamie Herzlinger. But what she tells them is that many of the latest trends in greenery don’t require a lot of maintenance.

Despite the size of the planter, these succulents require very little care.

Despite the size of the planter, these succulents require very little care.

“Succulents and air plants just need a little bit of water,” Herzlinger explained. “I think they’re a fantastic idea because it’s a great way to bring nature in, and you don’t have to have a green thumb.”

Succulents, cacti and air plants are not new forms of greenery. Popular across the U.S. in the 1970s and continuously a form of greenery in Southwestern states, these hardy and low-maintenance plants are now a hot way to add nature indoors.

The container matters

Although succulents are primarily shown in glassy, modern planters, Herzlinger says that these plants can be added to any vessel. The shape and structure of the planter will determine the look of the space.

For example, Herzlinger suggests a traditional planter for an elegant look, perhaps sticking a plant in a blue-and-white porcelain Chinese foot bath.

Unusual planters make liven up the table in this entryway.

Unusual planters liven up the table in this entryway.

“If you were to pot that up with living moss, that sitting on a dining room table with gorgeous sterling candlesticks, it is as beautiful as fresh-cut flowers,” she said.

For a more contemporary look, a glass or wooden container can be hung on the wall as living art. Even in the kitchen, small apothecary jars or containers can be the perfect home for an air plant.

Curated, not over-accessorized

As with any accessory, less is more. There is a tendency to want to add more items to a room, but often Herzlinger finds herself taking out the items her clients add.

“Try accessorizing with one large item or groupings of two to three,” she explained.

A small terrarium is a great addition to this traditional living room.

A small terrarium is a great addition to this traditional living room.

The look should be touches of greenery, not jungle.

Other plant options

While some designers rely on faux plants and flowers, Herzlinger believes that with enough low-maintenance plants out there, there’s no need to go with the silk versions.

Her other suggestions for low-maintanence plants? Moss, cacti and fig trees, if your space has high enough ceilings and plenty of light.

Jamie Herzlinger added fresh-cut flowers and greenery to this space.

Jamie Herzlinger added fresh-cut flowers and greenery to this space.

And, in a pinch, fresh flowers can be found at any local grocery store and are the easiest green addition to a room.

 

 

http://www.zillowblog.com

Weekend in Bedford/Katonah NY | Katonah Realtor

Whether you’re in search of something fun to do with the kids or you have a babysitter and are planning a night out, look no further because Patch editors have picked a variety of events taking place to help you make the most of your weekend. Click on the headline for more information of each event that’s listed alphabetically by town.

Bedford: Chowder & Marching Tag Sale and Clean Up Weekend

When: Friday-Saturday, May 3-4, 8:30 a.m. – 4 p.m.

Where: Bedford Highway Yard at Route 22 and Route 172

Cost: Admission is free.

Description: Bedford’s best known tag sale takes place the same weekend that the Chowder & Marching service club picks up unwanted items from locals. Come to the highway yard to find an array of treasures at bargain prices.

Katonah: Spotlight Theater Presents Young Frankenstein

Where: The Harvey School, Katonah

When: May 3-4, May 10-11

Cost: $18

Description: Spotlight Theater presents the Mel Brooks musical. Dr. Frankenstein aims to fulfill his grandfather’s legacy by bringing a corpse back to life. With help and hindrance from servant Igor, buxom assistant Inga and needy fiancée Elizabeth, his experiment yields success and unexpected consequences.

Katonah: Fiber Arts Trunk Show 

When: Saturday May 4, Sun. May 5, 10 a.m. – 5 p.m.

Where: The Red Barn at the John Jay Homestead, 400 Jay Street, Katonah

Cost: Free admission

Description: A sale of Quilts, Fiber Art, Hooked Rugs, Jewelry and more will benefit the Katonah Museum of Art.

 

 

http://bedford.patch.com

Housing Market Surging says ABC | Bedford Corners Real Estate

And next, the big news tonight out of the housing market. Home prices surging up 9. 3%, the biggest jump in seven years.

So is it time to buy? Abc’s chief business and economics correspondent rebecca jarvis spent the day talking to the experts. Right now it is a very competitive market.

Reporter: Two weeks into the hunt for their first home in san diego, and the robinsons can already see it won’t be easy. In just the few homes that we have looked at, they have sold in a few days. Reporter: Today’s study confirms home prices are up, especially in hot markets like phoenix, las vegas, los angeles, san francisco, atlanta, and dallas.

The problem, a nationwide housing shortage. There there are lots of buyers, 25% more this year than last. But the number of homes for sale is actually down.

Most homes are selling within three to five days. Reporter: Some are taking drastic measures, bidding wars are common. It’s a hot property.

Singer Taylor Swift snags $17 million mansion | Bedford Corners Real Estate

According to Zillow, the white, Cape Cod traditional was previously listed at $24 million back in 2011. Apparently Swift paid in cash, which may have given her the discount on the purchase price. Not that Swift needs to worry about discounts; according to Forbes the 23-year-old is worth $57 million-plus.

See photos of the singer’s new mansion here.

New ad campaign highlights California Realtors’ role in state economy | Bedford Corners Real Estate

The California Association of Realtors announced a new TV, Web, radio and print ad campaign today that highlights the positive impact its 155,000 members have on the state’s economy.

Two 30-second TV spots, featuring the “ripple” effect that the facilitation of home buying and selling has on the economy and families, will air on the ABC network in San Diego, Los Angeles and San Francisco from today through June 16. In addition, on April 17, a spot will air during the network’s hit show “Modern Family” in the three markets.

Banks pull back on lending | Bedford Hills Real Estate

Banks and lenders are easing back on lending, putting more drag on the economy, according to The Wall Street Journal.

The decline in lending follows lenders uncertainty about rising health-care costs, fear of another economic downturn and a brutal winter in the Midwest that delayed new investment, the article says.

Good times are back for ranch land brokers | Bedford Corners Real Estate

Author’s note: Early in the year, I traveled to Missoula, Montana, for a winter vacation, but a contact put me in touch with a few people in the real estate industry and much to my surprise I came away with a couple of interesting stories. This column is the first of two.

For a while it seemed that anyone with a lot of money, from Hollywood stars to business moguls, wanted a piece — make that a very large piece of — America, and they came west looking to buy their own ranches. Many, following the lead of flamboyant media entrepreneur, Ted Turner, looked to acquire in Montana.

During the bubble years, investors couldn’t acquire Montana ranches fast enough.

William McDavid, who opened the Missoula office of Hall and Hall in 1996, remembers those years fondly.

“Before the recession, people were standing in line to buy,” McDavid says. “There were bidding wars for multimillion-dollar properties.”

Hall and Hall does a lot of different things as a real estate company, but to this day it is known as the premier brokerage for ranch lands with offices mostly throughout the west.

8 tips for buying in a tight market | Bedford Corners Homes

It’s always hard to predict how long it will take to find a home to buy. Given the current low-inventory environment, it may take you longer than it would in a balanced market that has enough homes for sale to satisfy the current buyer demand.

Patience needs to be a key component of your home search mentality. Even if a home you like a lot comes along quickly in your search, other buyers may have the same idea. You could end up in competition. If you aren’t the winning bidder, don’t let disappointment immobilize you.

To prepare yourself to buy in this market, plan to look at every new listing that comes close to satisfying your wish list. Accept that you won’t find everything on your wish list. Successful buyers make sacrifices. Just make sure to make intelligent compromises.

For example, don’t get so overwhelmed by the urge to buy now that you overlook that a home you like won’t work for you for long. Buying and selling is expensive; you don’t want to do it often. Make sure that a home you buy will suit your needs for years to come.

There are benefits to seeing a new listing that’s a possibility for you in person rather than looking at it only online or having your agent describe it to you. In a low-inventory market, it’s vitally important to become an expert on local pricing. Follow up with your agent on every listing you liked and find out how much it sold for and how many offers were made.

Home prices surging in Massachusetts; open houses mobbed | Bedford Corners Real Estate

Tom and Sarah Kotowski got all the turnout they could have hoped for at their open house.

Close to 100 people showed up last Sunday to take a look at their three-bedroom Cape listed for $299,900 on a quiet East Weymouth cul-de-sac. Four made offers. By Tuesday, the couple had an agreement.

“For a seller, it’s excellent right now,” Sarah Kotowski said. “Inventory is flying.”

But as the couple looks for a home closer to Tom’s workplace west of Boston, they face the same dynamic.

“I can’t tell you how many open houses we go to and then the next day they’re gone (off the market),” Sarah said.

The strong seller’s market that has emerged this spring is a double-edged sword for families like the Kotowskis, whose house was on the market for less than a week.

Home prices are rising across Massachusetts this spring in a reflection of demand that is outstripping supply. There are fewer than 20,000 single-family homes on the market, down 30 percent from