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Local Bedford Hills Farmers Markets | Bedford Hills Real Estate
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Tag Archives: Bedford Hills NY Real Estate
A First Look Inside The Puck Building’s Elusive Penthouses | Bedford Hills Homes
It took an epic back-and-forth with the Landmarks Preservation Commission, but Jared Kushner finally got approval for his Puck Building penthouse project in late 2011. Since then details of the creatively named Puck Penthouses have been scant—about design, pricing, potential buyers, or anything else—and the bare-bones teaser site doesn’t help. Then yesterday the Post reported that Leonardo DiCaprio had been one of the first to scope out the units, which are going to be priced above $20 million a pop whenever they hit the market. And now a tipster has sent us this Knight Frank listing with the first three interior glimpses of the six 3-4BR apartments, which will range from 4,895 to 7,000 square feet and have “soaring barrel vault brick ceilings, cast-iron columns, and oversize windows.” Above, a living room, dining room and terrace.
Turning Point for Housing Market? | Bedford Hills Real Estate
As the year’s peak home buying season comes to a close, key market indicators point to a shift in the dynamics of the housing market, suggesting that future home value appreciations may likely be driven by market demand, rather than inventory shortages.
An analysis of the summer home buying season ending in August shows year-over-year changes now within the single-digits for three key indicators – inventory count, median age and median list price, signaling a leveling of the market not seen for some time. The national market was virtually flat month-over-month compared to July for both inventory and median list price, and registered a slight increase in median age of inventory.
“Where we have seen significant volatility in many markets, including double-digit declines in inventory as well as increases in median price for both yearly and monthly views, we are now looking at a housing market that is less heated and moving closer to normalcy,” said Steve Berkowitz, CEO of Move.
Realtor.com® Key National Market Indicators for August 2013
August 2013 | Year-over-Year % Change | Month-over-Month % Change | |
| Number of Listings | 1,977,202 | -2.50% | 0.93% |
| Median Age of Inventory | 92 days | -8.00% | 8.24% |
| Median List Price | $199,900 | 6.39% | 0.00% |
National Highlights:
Widespread Inventory Recovery – The inventory recovery is broad and growing. The net number of listings increased even though the summer season is ending. Close to one-third of the 146 markets are within 5 percent of last year’s inventory levels, and more than two-thirds (99) of markets registered a net increase in inventory over last month.
Prices Stabilize – Despite the increase in inventories, the national median list price did not change compared to July. Absent a significant weakening in economic conditions or significantly higher rates, prices should continue to slowly rise alongside typical cost of living increases.
Price Appreciation Becoming More Widespread – In August, 123 of the 146 Metropolitan Statistical Areas (MSAs) covered by realtor.com® registered a year-over-year increase in their median list price, with 78 markets registering an increase of 5 percent or more. Of the 18 markets reporting a list price decline, only 11 markets had a year-over-year list price decline of one percent or more, and only three markets had a list price decline of 5 percent or more. By contrast, the number of markets reporting year over year median prices lower than they were last year was 31 in July.
The 4 Most Common Kitchen Remodeling Mistakes | Bedford Hills Real Estate
What’s the secret to a successful kitchen remodel? Knowing what mistakes to avoid! Almost everyone who has been through a remodel has a war story to share about what they’d do differently. Whether it’s the neighbor’s never-ending remodel, or the friend of a friend whose contractor couldn’t get along with the architect, keep your dream kitchen from becoming a nightmare by protecting yourself from these common first-timer mistakes.
Freddie Mac releases latest rates | Bedford Hills Homes
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates relatively unchanged from last week following a mixed employment report, and holding steady near their highs for the year.
News Facts
- 30-year fixed-rate mortgage (FRM) averaged 4.57 percent with an average 0.8 point for the week ending September 12, 2013, unchanged from last week. A year ago at this time, the 30-year FRM averaged 3.55 percent.
- 15-year FRM this week averaged 3.59 percent with an average 0.7 point, unchanged from last week. A year ago at this time, the 15-year FRM averaged 2.85 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.22 percent this week with an average 0.5 point, down from last week when it averaged 3.28 percent. A year ago, the 5-year ARM averaged 2.72 percent.
- 1-year Treasury-indexed ARM averaged 2.67 percent this week with an average 0.4 point, down from last week when it averaged 2.71 percent. At this time last year, the 1-year ARM averaged 2.61 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 this week following a mixed employment report. For example, the economy added 169,000 jobs in August, which was below the market consensus forecast, and revisions subtracted another 74,000 from the prior two months. Meanwhile, the unemployment rate fell to 7.3 percent which was the lowest since December 2008.”
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit www.FreddieMac.com and Twitter: @FreddieMac.
Luxury builders better positioned in rising interest rate environment | Bedford Hills Real Estate
Market analysts remain confident in homebuilders, with luxury builders expected to lead as rising interest rates freeze out entry-level buyers, analysts say.
Sterne Agee analyst Jay McCanless believes investors should be looking to move-up and luxury homebuilders since households operating on modest incomes are generally the first to bail on housing when mortgage rates rise.
McCanless specifically highlighted the stocks of Ryland Homes (RYL) and Meritage Homes Corp. (MTH) as solid picks. “Our takeaway from this month’s data is to continue buying these names because the fundamental backdrop remains positive,” McCanless said of the two stocks.
The 30-year mortgage reached 4.80% this past week, the highest level obtained since April 2011, and more proof that overly competitive rates are slowly becoming a thing of the past.
Homebuilder stocks overall fell Friday after experiencing a positive run on the HW 30—HousingWire’s exclusive index for mortgage finance and housing stocks.
The dip in share prices followed a strong week for builders – many of which closed in positive territory on Thursday afternoon, only to fall a day later. On Thursday, D.R. Horton (DHI), Lennar Corp. (LEN) and Toll Brothers (TOL), saw their stock prices shoot up on positive gross domestic product and jobless claims data.
D.R. Horton alone rose 3.55% by close on Thursday, only to fall more than 2% by Friday afternoon. Lennar Corp. also fell more than 2% by market close, with Toll Brothers also down 1.86% by market close on Friday.
Despite a weaker close on the HW 30 index for the week, analysts still see homebuilders in a position to benefit from the nascent housing recovery.
“Average sales and inventory trends in the Top 25 markets we monitor continue to improve sequentially and month over month, and we view these indicators as the best barometers of housing demand in our builders’ collective footprints,” McCanless said.
Bing Video Search Gets Fancy New Features For A Better User Experience | Bedford Hills Realtor
Bing are giving their video search results a much needed makeover and users of the site will find larger video thumbnails, extra search filters and pop out hover previews part of the new package. In an announcement via their blog, the company promised the new streamlined navigation would lead to a better browsing experience for the video content it pulls in via YouTube and Vimeo as well as from Dailymotion, Hulu, Vevo, CBS, MTV and MSN amongst others.
Bing wants to provide a “completely re-imagined search experience” for video so let’s take a look at some of the new upgrades:
Improved Navigation and Video Overlay Features
The new video overlay tweak allows users to multitask by continuing to browse through their search results whilst currently watching a video. Bing have also introduced a side bar of ‘related videos’ to provide the user with more relevant results.
Larger Video Thumbnails For Easier Recognition
New larger thumbnails should make it much easier for users to scan through videos until they find the one they want.
Pop-out Hover Previews Keep Users On Bing Longer
Rather than take you off site to see whether the video you have chosen is the one you want, the new pop out hover preview allows you to see just that. Bing have provided much more information regarding the video (favicons from the top sites, descriptions, view counts etc). There is also a new volume control feature.
Source: Bing Video Search Gets Fancy New Features For A Better User Experience
http://www.reelseo.com/bing-video-search-new-features/#ixzz2eOvjJPKw
Classic Harborfront ‘Cottage’ on Vinalhaven Listed for $3.6M | Bedford Hills Real Estate
Location: Vinalhaven, Maine
Price: $3,600,000
The Skinny: Built in 1904 as one in a long line of Maine “cottages,” Stonecropboasts 11 bedrooms and 4.4-acre property that spills downhill to a dock on the edge of the Fox Island Thoroughfare, the channel that separates Vinalhaven from neighboring North Haven. Joined on the property by a pair of historic boathouses, the main shingle-style cottage includes plenty of historic charm, with a stone fireplace, ceiling beams, and “one-of-a-kind beautiful Japanese-style wall panels.” Worryingly, the listing includes no photos of the kitchen or bathrooms, suggesting that after the buyers are done forking over $3.6M for the property, they should be ready to spend thousands more to bring it up to date.
Classic Harborfront ‘Cottage’ on Vinalhaven Listed for $3.6M – House of the Day – Curbed National.
Decoded: the Most ‘Commanding’ Listings in the Country | Bedford Hills Real Estate
Welcome back to The Brokerbabble Glossary, where Curbed takes a word or phrase that shows up repeatedly in listings and deciphers its true meaning. Ideas? Hit up the tipline.
[4601 NE Royal Ct, Portland, via Trulia]
Sometimes words get misused in real estate listings because they have multiple meanings, or precisely what they mean in the first place is confusing, or because brokers get a little too excited about the positive attributes of a particular house or property. And sometimes there is just no excuse. This is one of those times.
[8036 12th Ave NW, Seattle, via Trulia]
There might be a reason that these “top floor” views aren’t pictured.
[3009 34th St NW, Washington, DC, via Trulia]
Normally, a “commanding view” is from a dominating vantage point, usually overlooking something. You can debate what that means, exactly, but “through a chain link fence” probably doesn’t cut it.
[1106 Autumn Rdg, San Antonio, via Trulia]
This is a pretty dinky fireplace. · The Brokerbabble Glossary archives [Curbed National] · The Brokerbabble Glossary archives [Curbed NY]
read more…
http://curbed.com/archives/2013/08/30/decoded-the-most-commanding-listings-in-the-country.php
Bedford Hills NY Weekly Real Estate Report | RobReportBlob
| Bedford Hills NY Weekly Real Estate Report | 9/5/2013 | |
| Homes for sale | 34 | |
| Median Ask Price | $1,357,500.00 | |
| Low Price | $289,000.00 | |
| High Price | $30,000,000.00 | |
| Average Size | 4501 | |
| Average Price/foot | $569.00 | |
| Average DOM | 154 | |
| Average Ask Price | $3,201,112.00 |