Tag Archives: Bedford Hills NY Real Estate

Bedford Hills NY Real Estate

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

 

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

 

 

 

Existing home sales in June down 2.3% YOY | Bedford Hills Homes

 

Existing home sales declined 2.3% in June 2014 from June 2013, reaching an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors.

Sales are at the highest pace since October 2013, but remain 2.3% below the 5.16 million-unit level a year ago.

The downward pressure on existing home sales comes from the West, where sales remain 7.3% below June 2013.

Total existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, climbed 2.6% from May 2014 to a seasonally adjusted annual rate of 5.04 million.

Single-family home sales rose 2.5% to a seasonally adjusted annual rate of 4.43 million in June from 4.32 million in May, but remain 2.9% below the 4.56 million pace a year ago.

The median existing single-family home price was $224,300 in June, up 4.5% from June 2013.

 

read more…

 

 

http://www.housingwire.com/articles/30734-existing-home-sales-in-june-down-23-yoy

Down to Earth Farmers Market | Bedford Hills Real Estate

 

 

JAN2014-DTE-E-Mail-Masthead_(722x226pxl)FRESH-2-(1

New Rochelle Farmers Market Opens Tomorrow;
New Bread Varieties from Orwashers Bakery;
Berry Jams & Pies + MORE

June 19th – 25th, 2014

DowntoEarthMarkets.com
strawberries
What’s New, In Season, and On Sale This Week

Beets
Alex’s Tomato Farm
Fishkill Farm

Dill
John D. Madura Farm
Migliorelli Farm

Green & Purple Kohlrabi
Alex’s Tomato Farm

Grumpy Gonna Grump
An aged sour ale – exclusive to
farmers market customers!

#Freedom Craft Brewery

Kirby Cucumbers
Newgate Farms

Local Berry Jam
Honeybrook Farms


Mixed Berry Pies in 3 sizes
Meredith’s Bread


Moroccan Olive Bread
Orwashers Bakery

Obsession Ale
Their summer release

#Freedom Craft Brewery

Peas
Alex’s Tomato Farm
Newgate Farms

Rosemary Foccacia
Orwashers Bakery

Russian Raisin Walnut Bread
Orwashers Bakery

SoHo Sourdough Boule
Reg. $5.50; now $5.00!

Orwashers Bakery


Strawberries
Fishkill Farm
Migliorelli Farm
Wright Farm

Strawberry Cake (Erdbeertorte)
Christiane’s Backstube


Strawberry Rhubarb Pie
Regular and Gluten Free

Meredith’s Bread

Swordfish
American Pride Seafood

Tuna
American Pride Seafood

Yellow Squash
Alex’s Tomato Farm


Click on a Market to see all vendor and event details…

Westchester
County


Rockland
County


Ossining

Saturdays
8:30 am-1:00 pm


Larchmont


Saturdays
8:30 am-1:00 pm

Piermont

Sundays
9:30 am-3:00 pm

L
Croton-on-Hudson

Sundays
9:00 am-2:00 pm


Rye

Sundays
8:30 am-2:00 pm

Spring Valley

OPENING DAY: July 9th
Wednesdays
8:30 am-3:00 pm

Tarrytown/Sleepy Hollow

Saturdays
8:30 am-1:00 pm


New Rochelle

OPENING DAY: JUNE 20th
Fridays
8:30 am-2:30 pm


Headed to the city soon?

Visit a Down to Earth
Farmers Market in NYC!

Announcements
Croton

Happy Clearwater Music Festival, all! In the spirit of celebrating the bounty of the Hudson River Valley, Croton’s Down to Earth Farmers Market will be OPEN on Sunday, from 9:00 am to 2:00 pm.

Larchmont

This Saturday, our Music at the Market features local talent well-known to many: The Chatsworth Childrens Choir and both the Murray and Chatsworth Jazz Bands! All of the performers are students at Chatsworth Elementary School, ages 9 through 11. We look forward to hearing their songs and musical compositions from 10 am to 11 am.

New Rochelle – Tomorrow is Opening Day


We’re excited to begin the 2014 season! The market will offer an expanded selection of seasonal fruits and vegetables, pasture-raised meats, local honey, and baked goods. We’re located on North Avenue, at Huguenot Park, in front of New Rochelle High School. See you there every Friday, through November 21st, from 8:30 am to 2:30 pm.

For additional events, visit our Down to Earth Markets Event Calendar.

Stay tuned to all market happenings via our Down to Earth Markets Facebook page
and follow us on Instagram and on Twitter @DowntoEarthMkts.

Wood is Good and Thus Cheese is Delicious
Vulto_CheeseCave
Taking their savory time: the cheese cave at Vulto Creamery


In February, four of us from Down to Earth Markets took a day trip to visit Jos Vulto at his cheese making shop in Walton, NY. When we followed him into the cheese cave, it was like watching a sunrise together: Our group became quiet as we witnessed something beautiful. The room was small, cool, and fragrant. The walls were lined with shelves, and upon the shelves were rows and rows of cheese rounds, squatting like Buddhas in time immemorial.

Yet there is a specific time at work here. At Vulto Creamery, Jos crafts four varieties of cheese, and together they ripen into their flavors – or “age” – in the cheese cave for 2 to 9 months. They abide by their time on a specific material: wood.

Earlier this month, the Food and Drug Administration issued a statement that created a firestorm among cheese artisans (and those who LOVE them) across the country. The statement expressed concern that cheese makers don’t sterilize the wooden boards, and thus, they are potentially unsafe. The FDA’s words applied to both domestic and imported cheese, and the fear arose that this time-honored method of cheese making would be restricted.

The American Cheese Society came out with their response in about a minute: “For centuries, cheesemakers have been creating delicious, nutritious, unique cheeses aged on wood. Today’s cheesemakers – large and small, domestic and international – continue to use this material for production due to its inherent safety, unique contribution to the aging and flavor-development process, and track record of safety as part of overall plant hygiene and good manufacturing practices. No food borne illness outbreak has been found to be caused by the use of wood as an aging surface.”

The FDA soon “clarified” its statement and said that their recent notice had always been in place and did not amount to a change in policy. So for now – and for forever, in our opinion – wood is good.

As the imbroglio began to subside, we called Jos to get his opinion on the matter. “It all made me a little bit anxious,” he said, “but I knew it would be hard for them to hang on to a policy like no wooden boards. He added, “If I had to change my wooden boards, I wouldn’t know what to change them into. The boards are safe, as well as beneficial to cheese and financially viable for cheesemakers.”

As we wrapped up the call, a cooking analogy came up: Think of your most beloved cast iron skillet. With every meal, it gets seasoned. It also gets cleaned, but it doesn’t get sterilized. This cast iron skillet is a piece of our own kitchen heritage. Likewise, so are the wooden boards prized by cheese makers all around the world through centuries of their craft.

When the FDA issued its clarification of its original statement, the government body quieted the backfire for now. However, many people are concerned this issue could raise its head again. To vocalize your support of using wooden boards in the cheese aging process, Jos recommends signing this WhiteHouse.gov petition.

In the meantime, we look forward to savoring the fine work of Vulto Creamery and our other talented makers at the markets this weekend. You’ll find the whole list of cheese artisans on our website, under the vendor category of Eggs, Dairy, and Honey. We’re happy to say that there are many to choose from – enjoy!

Rotating* Vendors This Week
*Vendors who rotate through
various markets during the season.
They enjoy getting to know many communities, and here’s where to find them this week:

Croton-on-Hudson

Tuthilltown Spirits Farm Distillery

Larchmont

Flourish Baking Company
Hudson River Apiaries
Kontoulis Family Olive Oil
North Winds Lavender Farm
Pie Lady & Son
Trotta Foods

New Rochelle

e-Desserts (Freshly baked scones, cakes, and more!)

Piermont

Kontoulis Family Olive Oil
#Freedom Craft Brewery

Rye

Christiane’s Backstube
Lulu’s Southern Pies
Sisters Wicked Good Soap
Taiim Falafel Shack

Tarrytown

#Freedom Craft Brewery


Down to Earth Markets 173 Main Street Ossining, NY 10562 Phone: 914-923-4837
DowntoEarthMarkets.com

China’s upside-down house | Bedford Hills Real Estate

 

China’s upside-down house

China’s upside-down house was built as a tourist attraction using everyday household items and furniture. See gallery

An amazing upside-down house has opened to tourists in Fengjing, an ancient Chinese town located near Shanghai.

 

 

read more….

 

 

http://news.msn.com/offbeat/chinas-upside-down-house-1

Coral Gables’ Pioneer Village Is A Row Of Stately Plantations | Bedford Hills Real Estate

 

[Photos by Silvia Ros]
13 images

Part of a city built for an affluent citizenry seeking to live out their dreams, Coral Gables’ theme villages certainly weren’t shy about presenting a fantasy. In the case of the Pioneer/Colonial Village designed by the architectural firm of John Pierson, and John and Coulton Skinner, there’s an idealized, if quitter vague, notion of an old world United States.

 

 

read more…

 

http://miami.curbed.com/archives/2014/05/09/coral-gables-pioneer-village-is-a-row-of-stately-plantations.php

New Metro-North Schedule To Cut Commute Time To Grand Central | Bedford Hills Real Estate

 

New Metro-North schedules that will take effect on Sunday, May 11 will cut commute times into Grand Central Terminal on the Hudson, New Haven and Harlem lines.

Metro-North said the new schedule will offer shorter commute times for 96 percent of weekday peak commuters in the morning compared to the schedules that have been in effect since November.

The new travel times also take into account the new safety measures and speed restrictions that have been put into place.

“Our first goal, now and always, is to provide a safe service,” Metro-North President Joseph Giulietti said in a statement. “This train schedule supports our ongoing efforts to serve our customers while providing our maintenance forces the time they need to inspect, maintain and repair the system.”

The schedule allows for ongoing, infrastructure repair and maintenance in the midday off-peak and at nights and on weekends.

 

 

read more….

http://bedford.dailyvoice.com/news/new-metro-north-schedule-cut-commute-time-grand-central

 

Should Uncle Sam really be subsidizing the American Dream? | Bedford Hills Real Estate

 

It may sound like heresy to some in the industry, but Catherine Rampell has a point in the Washington Post today – a home is not a good investment.

Calm down. That comes with a caveat – it’s not a good investment as an investment.

Catherine even quotes the highly regarded economist Robert Shiller:

The fact that Americans still financially fetishize homeownership baffles me. Never mind that so many people lost their shirts (among other possessions) in the recent housing bust. Over an even longer horizon, owning a home has not proved to be a terribly lucrative investment either. Don’t take my word for it; ask Robert Shiller , winner of the 2013 Nobel Prize in economics who previously became a household name for identifying the housing bubble.

“People forget that housing deteriorates over time. It goes out of style. There are new innovations that people want, different layouts of rooms,” he told me. “And technological progress keeps bringing the cost of construction down.” Meaning your worn, old-fashioned home is competing with new, relatively inexpensive ones.

Over the past century, housing prices have grown at a compound annual rate of just 0.3 percent once one adjusts for inflation, according to my calculations using Shiller’s historical housing data. Over the same period, the Standard & Poor’s 500-stock index has had comparable annual returns of about 6.5%.

Yet Americans still think it’s financially savvy to dump all their savings into a single, large, highly illiquid asset.

So yes, a home is a lousy investment in terms of returns next to other types of investments.

Rampell fails to mention, though, that if someone isn’t paying a mortgage, that same amount of money – or even more since renting is now more expensive than buying – is thrown away on rent regardless, unless you plan to live in a van down by the river.

But Rampell does have a point – the constant drumbeat of the voices that housing prices should, in perpetuity – continue to rise and at a rate faster than inflation is irrational on the face of it.

Homeownership makes sense because it makes sense, with a few markets being the exception. It’s value is self-evident not as an investment vehicle, but because 1) you won’t live long without shelter and 2) because unless you expect to be extremely transient, you build equity.

 

 

read more…

http://www.housingwire.com/blogs/1-rewired/post/29764-should-uncle-sam-really-be-subsidizing-the-american-dream

30-year FRMs drop for second week in a row | Bedford Hills NY Real Estate

 

Mortgage rates for 30-year, fixed-rate mortgages dropped for the second week in a row, according to Zillow (Z).

Borrowers were quoted on Zillow Mortgage Marketplace at 4.2%, down from 4.25% at this same time last week.

The 30-year, FRM rate peaked on Wednesday at 4.28% before falling to 4.2% over the weekend.

“Last week mortgage rates dipped after Friday’s job report which, while fairly strong, failed to meet the market’s expectations,” said Erin Lantz, vice president of mortgages at Zillow. “This week, we expect rates to remain about where they are now, and aren’t anticipating any market-moving surprises with the release of the Federal Open Market Committee minutes from the March meeting.”

The 15-year, FRM Tuesday morning was 3.17% and for 5/1 ARMs, the rate was 2.86%.

 

 

http://www.housingwire.com/articles/29604-zillow-30-year-frms-drop-for-second-week-in-a-row

 

Did you refinance your mortgage? Here’s a tax break | Bedford Hills Real Estate

 

Refinancing tax deduction basics

You are generally allowed to immediately deduct refinancing points to take out additional mortgage debt used to finance improvements to your principal residence. However, points paid to refinance the remaining balance of the old loan must be amortized over the new loan’s life.

Example 1: Say your old mortgage was $200,000, and you refinanced by taking out a new 15-year $300,000 mortgage. You spent the additional $100,000 of debt to pay for a new den, a kitchen remodel, new landscaping, and assorted other home improvements. You paid 1-1/2 points ($4,500) to get the new loan.

You can immediately deduct one-third ($100,000/$300,000) of the refinancing points, or $1,500, on your 2013 return as long as you paid at least that amount out of your own pocket to get the new loan.

You can claim amortization deductions for the remaining two-thirds ($200,000/$300,000) of the refinancing points, or $3,000, over the new loan’s 15-year term (180 months). So you can deduct $16.67 ($3,000 divided by 180 months) for each month the new loan was outstanding during 2013. In 2014 and beyond, continue claiming amortization deductions of $16.67 a month for as long as the new loan remains outstanding.

Note: If you rolled all the refinancing costs, including the points, into the balance of the new loan, you must amortize the entire amount of the points over the term of the new loan (no immediate deduction in this case).

Example 2: Say you simply refinanced your old mortgage last year without taking on any additional debt. In this case, you can amortize the points over the life of the new loan. For example, if on July 1, 2013 you paid $4,500 in points for a new 15-year mortgage (180 months) with the same principal balance as your old loan, your 2013 amortization deduction is $150 ($4,500 divided by 180 months times 6 months). Your amortization write-offs will continue in 2014 and beyond, at the rate of $25 a month ($300 a year), for as long as the new loan remains outstanding.

Deduct unamortized balance of points from earlier refinancing

Serial refinancers take note: If you had previously refinanced your mortgage and paid points, you probably have a good-sized unamortized (not-yet-deducted) balance for those points. You can deduct that entire unamortized amount when you refinance again.

 

 

http://www.marketwatch.com/story/did-you-refinance-your-mortgage-heres-a-tax-break-2014-04-08?siteid=yhoof2

The Windy City’s top 12 suburbs | Bedford Hills Real Estate

 

Illinois real estate took a beating this winter, and Chicago is at the epicenter of the housing slowdown. Or is it?

Nestled next to Lake Michigan and home to both the Cubs and White Sox, the Windy City is one of the biggest and busiest cities in the nation.

Chicago Magazine complied a list of the 12 best suburbs in Chicago, comparing the cities based on variables like crime, homes, education and city life.

“The Chicago city market is booming, with extremely low inventory levels and high buyer demand causing bidding wars and fast market times. It’s amazing how much the marketplace has turned from a few years back,” Matt Farrell, president of the Chicago Association of Realtors, said.

Heading into the spring season, “Buyers are ready to move and as homes come on the market, they are aggressively making their best offers,” Farrell added.

“Median pricing is up, signaling a strong market on the rise. As sellers get their homes show-ready for a spring market, we believe these homes, too, will move quickly, if priced right.”

Using the list from Chicago Magazine, we’ve added in the median home price from Zillow‘s February home value index to bring you the 12 best Chicago suburbs:

Cook County

Orland Park $239,700

Named “one of the best places to live” by the magazine.

Northbrook $485,500

Northbrook is updating its Skokie Boulevard Corridor, which will be filled with new stores and apartments.

Wilmette $611,500

Wilmette is now accepting applications for tree planting, helping add to the village’s beauty.

Barrington Hills $732,600
This suburb is home to 10 key historic sites, allowing visitors to take a self-guided tour and see what life was like more than 100 years ago.
Du Page County

Wheaton $293,800

Wheaton just launched a new edition of the “Wheaton Remembers” video series, where Wheaton Community High School alumni recall what it was like to be a high school student in 1960s Wheaton.

Hinsdale $782,700

Located just 21 miles west of Chicago, this city just launched a new “Block Watch” initiative to help protect against crime.

Lake County

Highland Park $473,300

Moody’s Investors Service issued a Aaa rating on the city’s planned general obligation bond issue, affirming this rating on all outstanding debt.

Lake Bluff $558,800

Lake Bluff is the fourth-happiest seaside town as well.

Kane County

Geneva $286,500

This city also the home of Class A minor league Kane Country Cougars, if you’re in the mood for a hometown baseball game.

 

 

http://www.housingwire.com/articles/29384-the-windy-citys-top-12-suburbs