Tag Archives: Bedford Corners NY Luxury Homes

The Five Biggest Houses for Sale in the Hamptons | Bedford Corners Real Estate

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Number 1: 612 Halsey Lane, Bridgehampton Size: 26,500sf Price: $43.5M Of course the house we all love to hate is number 1! The Sandcastle boasts a ridiculous number of ridiculous amenities, including a “planetarium-like home theatre” and a half-pipe in the basement. Sore from skateboarding? Relax in the spa room.

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Number 2: 15 Little Ram Island Drive, Shelter Island Size: 23,000sf Price: “Upon request”—reportedly $28.5M This house, built in 2007, offers panoramic views of Coecles Harbor. Walls and ceilings were done “by a master Italian plasterer,” trim and moldings “by a master English finisher” and there are “reclaimed French flooring and fireplaces.” How to get to your European-finished hideaway? Private access via seaplane, duh.

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Number 3: 919 Scuttle Hole Road, Bridgehampton Size: 20,000sf Price: “Upon request”—was $68M at one time. Three Ponds Farm, the 60-acre Bridgehampton estate, has been on the market for a long time, despite features like an 18-hole golf course right on the property and a clubhouse. Plus, of course, three ponds, 14 types of gardens, a guest cottage on 4 acres, a pool/pool house, tennis, a storage silo (but of course), a barn, an orangerie and “a unique fish house.”

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Number 4: 315 Rose Hill Road, Water Mill Size: 20,000sf Price: $58.5M The house “blends Old World elegance with modern convenience” with a staircase in “cast bronze and silver & gold leaf” under an early nineteenth-century stained-glass dome skylight. Twenty-first century technology includes state-of-the-art security and a Crestron entertainment system. Retire to the “grand master suite,” four guest suites, three staff bedrooms and eight fireplaces with antique mantels.

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Number 5: 30 Wainscott Stone Highway, Wainscott Size: 19,000sf Price: $10.9M (formerly $26M!) Goose Creek is another house we love to hate, despite its being, according to the brokerbabble, “one of the most famous homes in the Hamptons” that “embodies a Gatsby era estate flush with grandeur and luxury.” But fancier! Did Gatsby have a 110-seat screening room or indoor pool? We think not!

 

 

 

 

http://hamptons.curbed.com/archives/2013/09/13/the_five_biggest_houses_for_sale_in_the_hamptons.php

More purchase originations mean more mortgage fraud | Bedford Corners Real Estate

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Market participants are fully aware of the beating refinance volumes are currently taking as the majority of mega banks continue to cut jobs by the thousands.

For those who believe the drop in refi volumes is all but a small small bump in the road on the way through a housing recovery, you’ve got another thing coming.

Economists at the Mortgage Bankers Association last week popped that bubble after announcing their predictions for refis to drop to $463 million in 2014.

Purchase originations are expected to rise from only $661 billion to $723 billion, according to MBA data.

If we take into account another two years, originations will modestly grow to $796 million in 2015 — that’s half of what they were during the housing heyday.

Everyone knows that the more originations in coming up years means more options for mortgage fraud risk. But how much will actually take place?

Interthinx created a specialized info graphic (feature below) for HousingWire to answer this very question.

The company revealed that purchases have a higher risk of fraud, with California, Florida and Illinois leading the way as the riskiest states.

 

 

http://www.housingwire.com/blogs/1-rewired/post/27812-infograph-more-purchase-originations-mean-more-mortgage-fraud

 

Happy Inspector takes pen-and-paper home inspections and makes them digital | Bedford Corners Homes

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Happy Inspector takes traditional pen-and-paper based inspections and makes them digital, bringing more transparency and an easier, faster and professional process to inspections of residential real estate, commercial buildings, cruise ships, ski resorts, not to mention food and safety or fire safety inspections.

The company is one of 13 in the inaugural class of the Inman Incubator program, a yearlong mentorship, advisory and promotional program to help new companies in the real estate industry succeed.

 

 

– See more at:

 

http://www.inman.com/2013/11/05/happy-inspector-takes-pen-and-paper-home-inspections-and-makes-them-digital/#sthash.xrh206qL.dpuf

FHA Lenders Operate Through the Federal Shutdown | Bedford Corners Real Estate

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Federal direct and guaranteed housing loan programs funded by the Federal Housing Administration are operating at a level after the federal government closed its doors and the US Department of Agriculture housing programs have shut down altogether

Some 350 of the 9,300 employees at HUD remain on the job and the Office of Single Family Housing is  maintaining the minimum level of operations necessary to support FHA’s existing portfolio of loans, however most support services for the program, such as prequalification, approving lender applications and re-certifications, will cease.

Larger lenders who have been delegated authority to process FHA applications are unaffected by the shutdown, said Mike Copley, head of Retail Money-Out Products for TD Bank.  Hre said borrowers who are in process of getting a loan as well as those who are getting ready to apply should have no hold-up due to the government shutdown.   “Delegated lenders can make decisions and approve loans.  The only problem borrowers might have is if they are working with a smaller lender who has not been delegated authority by FHA.

Jumbo loans might face a greater problem, he said.  TD Bank requests a copy of applicants’ tax returns directly from the IRS to verify income.  “We will go as far as we can go with jumbo applications in hopes that by the time we need to verify income the government will be up and running again.” said Copley, noting that the last government shutdown lasted only 21 days.

 

 

 

http://www.realestateeconomywatch.com/2013/09/federal-shutdown-to-cripple-fha-close-usda-housing-programs/

Guy Asks $14.8M For Castle He Built For His Three-Year-Old | Bedford Corners Homes

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Location: Bolton, N.Y. Price: $14,800,000 The Skinny: In 1982, Upstate New York man John Lavender broke ground on a castle. In a promotional video, he explains that Highlands Castle “was born out of a promise to my three-year-old son, Jason. I told him I would build him a home where we could both live and create some nice memories. For some apparent reason, I made a promise to build him a castle.” The first part of that promise is very sweet, and the second part is maybe a little over the top (also, a three-year-old kid is definitely not going to remember what he was or wasn’t promised). But, to his credit, Lavender followed through and spent years painstakingly constructing this castle on Lake George, drawing up the plans himself, collecting castle-y items such as suits of armor and stained-glass windows, and putting 800 tons of stones in place, one at a time. “Dad, can we have a catch?” his son would ask. “Not now,” John Lavender would reply. “I have to build this castle so that we can create memories.” Once the castle was complete, Lavender and his wife began renting it out for weddings and honeymoons—rates start at $995 a night—but now the whole thing is also listed for $14.8M.

Play Tricks With Color in Your All-White Room | Bedford Corners Real Estate

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ith so many colorful options for materials and paint these days, all-white spaces can feel stark and sterile for some of us. But there’s an easy compromise for color lovers who still appreciate the crisp feeling of white: Add a splash of color. Sticking to one consistent, bold color in white rooms creates a statement that can’t be missed. From master bedrooms to kitchens, all-white rooms make the perfect canvases for a pop of originality.

eclectic living room by Tara Seawright

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Accent with your favorite color. You’ve taken a bold leap into all-white decor, painting the walls, floor and furniture white. But don’t stop there. Add a few splashes of your favorite color around the room, and watch your space come alive. Try to spread out your accents: The more spots of color you use, the more the eye will wander around the room.
modern bedroom by Neslihan Pekcan/Pebbledesign

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Focus on wall art. Stark white walls, sheer white fabrics and sleek white furniture make this space feel like a luxury hotel room, but it’s the picture on the wall that immediately catches your attention.
Take a risk and hang a favorite, colorful piece of art on a single wall in your all-white room. Hunt for something big and bold at your local galleries and studio tours, online art vendors, antique shops and even thrift stores.
rustic bedroom by Jill Sorensen

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Paint your furniture. Painting furniture is an easy and affordable way to instantly update a room. This room glows in all white, but the punchy turquoise dresser adds cheer to the serene space.
Experiment with something affordable, like a funky piece you found at a local garage sale. A gallon of colorful paint and some new hardware is all you need to create an instant conversation piece.
Diary of a dresser makeover
eclectic dining room by Jeanette Lunde

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Embrace natural finishes. The painted furniture look doesn’t suit all of us — especially if you want to preserve your antique or inherited furniture. Simply let your furniture’s natural wood finish stand out on its own; the warm hue works just like a splash of bold color. Here, this beautiful corner cabinet steals the show, anchoring the room with its natural cherry finish.
traditional kitchen by Cheryl Scrymgeour Designs

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Play with fabric. I love the look of white kitchens, but sometimes they can feel too plain and devoid of personality. It’s easy to add style without switching out any major materials. This kitchen does a great job of playing with blues in the soft window treatment, upholstered barstools and counter accents for a cohesive look.
modern kitchen by Tara Seawright

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Paint your ceiling. Can’t figure out where to put a splash of color in your all-white room? Look up! Paint your ceiling for a fresh, new look.
This vibrant canary yellow ceiling makes the entire room come alive. This paint application would work with just about any hue, but be careful when you choose your sheen. A glossy finish may reflect light around the room too much; a matte or eggshell finish may work better.
modern dining room by Polly

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Highlight staple furniture pieces. Matching white chairs would’ve made this all-white room look too washed out. I love how this homeowner took a different approach and selected bold chairs that instantly set this design apart. If you’re ready to embrace this style, using a bright red hue like this will turn your white space into an instant showstopper.

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

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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.

The majority of mortgage analysts noted that the Fed’s decision to not begin scaling back its monetary stimulus wasn’t bad news — it was just not what was desired.

“Concerns over budgets, deficits and payments along with other news are tending to keep consumer and business confidence from expanding as rapidly as one would expect,” explained National Association of Realtors economist Jed Smith.

He added, “Currently, existing-home sales are at levels significantly above those of last year and should remain positive for the foreseeable future – in terms of sales and price. Given interest rates, household formations and gradually easing conditions most economists project increasing growth.”

 

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

 

Bedford Corners NY Weekly Real Estate Report | RobReportBlog

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Bedford   Corners NY Weekly Real Estate Report9/9/2013
Homes for sale43
Median Ask Price$1,495,000.00
Low Price$525,000.00
High Price$12,000,000.00
Average Size4927
Average Price/foot$478.00
Average DOM167
Average Ask Price$2,610,686.00

One Fifth of Top Markets Rebound to Peak Prices | Bedford Corners Real Estate

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Some 19 out of the top 100 markets show a complete price recovery in July from the peak-to-trough decline amount attributable to the housing bubble – up from the 16 that showed full recovery in June.

Six of these markets again belong to the state of Texas, and two belong to Oklahoma, according to the Homes.com Rebound Report.  Some 41 markets showed more than a 50% rebound – up from the 38 in June.

The Homes.com Rebound Report uses the Homes.com Local Market Index data back to 2000, but it focuses on the period from 2005 forward when identifying peaks and troughs to isolate the impacts of the Great Recession, a recently marked global economic decline that also correlated with the bursting of the U.S. housing bubble.

The Homes.com Local Market Index report tracks repeat sales of properties for both single family and multi-unit/condominium sales in separate indices for the top 100 Local Markets as determined by the U.S Census Bureau Core Based Statistical Areas (CBSAs). The Homes.com Rebound Report tracks how far each market has recovered from its peak-to-trough decline in index value attributable to the Great Recession, a recently marked global economic decline that correlated with the bursting of the housing bubble.

 

 

 

http://www.realestateeconomywatch.com/2013/08/one-fifth-of-top-markets-rebound-to-peak-prices/