Tag Archives: Historic Downtown Bedford Village NY

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Actress Jodie Foster listed home for $6.4 million | Bedford Real Estate

The home has 4 bedrooms, 4 full and 2 half bathrooms, an office and an attached guest suite. Adjacent to a formal dining room, a butler’s pantry leads to a stunning kitchen. A luxurious master suite features a sitting area, walk-in closets, fireplace and sauna, according to Trulia.

Outside, the central courtyard pool and brick patio are shielded by a high-reaching hedge for the utmost seclusion – a must for the notoriously private Foster.


Actress Jodie Foster listed home for $6.4 million | HousingWire.

Rise in interest rates hard to square with data | Bedford NY Real Estate

Early this week a spate of poor data started a bond and mortgage rally, but stopped cold today on a very ordinary employment report for May. Ten-year Treasury notes have traded back up to the 2.15 percent high of 2013, mortgages solidly above 4 percent. If the credit markets are going to read news this way, rates are still vulnerable on the upside.

On Monday, the Institute for Supply Management reported that the May manufacturing index tanked to 49 versus the tepid 51 expected, and a drop below 50 has been good for bonds every time since these surveys began in the early 1970s. The ISM has weakened steadily since January 2011. Today’s employment data: 175,000 net-new jobs in May, but hourly earnings and hours at work were flat.

The rise in rates is hard to square with the data. The Fed will pull back from bond buying at some point, but not now, and not soon in a meaningful way. It may reduce its purchases, but they are rising relative to bonds in the market: Treasury borrowing has fallen in half in 18 months, and mortgages outstanding have fallen for six years.

During any Fed exit, a QE-castaway market may be unwilling to buy at today’s yields. Or it may be unable — overregulated and capital-crimped, still trying to shrink.

We have other data on the state of the recovery: the Fed’s Z-1 (renamed now “Financial Accounts”) and FHFA home prices for the first quarter.

Z-1 shows a remarkable rebound in U.S. household net worth, up $3 trillion in 90 days and at $70 trillion surpassing the 2007 peak. A stock market run will do that, puffing pension and life reserves, nonprofits, and retirement funds included in “households,” but not felt in wallets, not necessarily permanent, and just back where net worth had been.

– See more at: http://www.inman.com/2013/06/07/rise-in-interest-rates-hard-to-square-with-data/#sthash.p6ADRjLu.dpuf



Rise in interest rates hard to square with data | Inman News.

West Nile Virus Prevention Begins For Bedford Residents

WESTCHESTER COUNTY, N.Y. – Residents in Chappaqua, Bedford, Mount Kisco and Armonk should eliminate standing water from around their properties, especially after it rains to help prevent mosquitoes from breeding, in an effort to eliminate breeding sites for mosquitoes that can carry West Nile Virus, Westchester County Department of Health said.

The county will start its West Nile Virus prevention efforts on Monday, May 13, by checking catch basins throughout the county for standing water and applying larvicide as needed.

Large areas of standing water on public property that cannot easily be removed should be reported to the Health Department by calling (914) 813-5000.

Health department larviciding teams will begin in the northern part of the county and work their way south, evaluating and treating as needed all catch basins on county and municipal roads throughout the county over the next few months.

“Through the combined efforts of residents and county government, we can successfully curb the mosquito population and keep cases of West Nile Virus to a minimum,” said Sherlita Amler, MD, commissioner of health.




Mortgage rates settle back down | Bedford NY Real Estate

Mortgage rates settled down this week at levels well below historic norms after surging during the last week of January.

Rates on 30-year fixed-rate mortgages averaged 3.53 percent with an average 0.8 point for the week ending Feb. 7, unchanged from last week and down from 3.87 percent a year ago, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey. Rates on 30-year fixed-rate loans hit a low in Freddie Mac records dating to 1971 of 3.31 percent during the week ending Nov. 21, 2012.

For 15-year fixed-rate mortgages, rates averaged 2.77 percent with an average 0.7 point, down from 2.81 percent last week and 3.16 percent a year ago. Rates on 15-year fixed-rate loans hit a low in Freddie Mac records dating to 1991 of 2.63 percent during the week ending Nov. 21, 2012.

Rates on five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans averaged 2.63 percent with an average 0.6 point, down from 2.7 percent last week and 2.83 percent a year ago. Rates on five-year ARM loans have never been lower in Freddie Mac records dating to 2005.

For one-year Treasury-indexed ARM loans, rates averaged 2.53 percent with an average 0.4 point, down from 2.59 percent last week and 2.78 percent a year ago. Rates on one-year ARM loans hit a low in records dating to 2005 of 2.52 percent during the week ending Dec. 20, 2012.

Looking back a week, a survey by the Mortgage Bankers Association showed demand for purchase loans during the week ending Feb. 1 was up a seasonally adjusted 2 percent from the week before, and 16 percent from a year ago, to the highest level since May 2010.

NAR AWards for Tech Tools | Bedford NY Real Estate

Mark Flavin is recognized as a recipient of the 2010 REALTOR® Technology Spotlight Award in the Pioneer category.   CRT asked a few questions.   Check out what Mark shared with us:

What is your favorite tech tool out there?  What makes it so great? At the moment my favorite tech tool is Dropbox. This free online service allows you to easily share files and folders between computers and even devices. With more email providers actively blocking file attachments and putting restrictions on messages size the Dropbox public folder feature provides an easy way to securely share files with clients by sending them a link rather than an attachment. Finally Dropbox allows you to collaboratively share files with other Dropbox uses which is a great way to work on shared resources without managing multiple attachments. 

Where do you get the latest technology information to keep you ahead of the curve? Each morning I read/skim through approximately 120 different blogs, online news sites and magazines. But the best source of information for me is our members and association staff. I listen to what they are trying to do in the field or what pain-points they are encountering in a transaction and then I proactively look for the tools and services to address these challenges. Since our members are always trying to stay inline and ahead of the consumer this naturally pushes me forward.

As a tech thought leader – what kind of information are you looking to get your hands on? At a high level I try to keep informed of changes in consumer behavior and emerging technologies. This information along with our annual strategic planning process is critical for me to identify the right opportunities for new services or tools our members can utilize in their business. The resources from NAR including the field guides, NAR insights and member surveys are items that I regularly review and share. Ultimately though keeping in touch with agents and brokers and understanding their unique challenges from a business and service perspective is without a doubt the most critical information resource I have available to me.

What is the biggest trend you see developing in real estate right now – tech or otherwise?  Right now we are seeing a convergence between smartphones, video, mobile broadband and social networking with the smartphone becoming the unified messaging and multimedia creation platform. This is impacting consumer behaviors in fundamental ways which are causing agents and brokers to make service and marketing decisions they have not been forced to consider since the emergence of the web. Consumers are expecting their agents to be available around the clock and be able to respond to requests for information across a variety of different channels. This is forcing the Brokers and Agents into new learning curves from choosing the best device to selecting their platform and how they are going to integrate these new tools into their service catalog. For example all estimates point to 2015 as being the year when mobile devices will outnumber desktops yet at the moment Brokers and Agents are just now starting to consider how their web-presence looks on these devices.

Finally, which do you like best – iPhone; Android; WindowsMobile; Blackberry; Other?  Why? My two favorite devices are the iPhone and Android. With the exception of some unique platform specific features both devices are comparatively similar. The three reasons I prefer iPhone and Android are unified messaging, web display and application availability. The Blackberry does a great job at responding to emails but the iPhone and Android make it much easier to respond across a variety of channels including email, text, voice and instant messaging. Both devices provide a web experience which is largely similar to desktop whereas with the Blackberry and Windows Mobile the mobile web experience is entirely different and often times much worse than the desktop experience. Finally the infinite expandability and customization via different applications make both the Android and iPhone highly efficient multifunction purpose tools. For example you can take a video with the built in camera make some changes and upload directly to your website without ever touching a computer.

Real Estate Inventory in Bedford NY | Bedford NY Real Estate

There are a lot of homes on the market currently in the Bedford NY area.  The National Association of Realtors (NAR) considers six (6) months of available homes to be equilibrium (a balance between buyers and sellers).


The numbers below are the available homes divided by the average homes sold per month (absorption rate)  .The towns in our area currently rank as follows.  It will take this many months to sell off the inventory at the current sales pace.


Armonk                      9.80

Bedford Village      18.02

Bedford HIlls            21.08

Pound Ridge           13.16

Chappaqua              10.11

Katonah                    10.58

South Salem             16.66

North Salem              19.92

Bedford Corners       10.07


A low number is a stronger market while a high number is weak.


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First Time Buyer Market in Bedford NY Up 21% | November 2010 | RobReportBlog

The First-Time Bedford NY Homes market are homes selling under $500,000. Sales in this market are up 21% over the last six (6) months compared to the same period in 2009.

In 2010 the average First-Time Buyer home sold was 1748 square feet, took 167 days to sell, at $237 per foot. The Median Price in this category is $415,000 and the average home sold at 94.09% of asking price.

In 2009 seventy (70) homes sold. The average home was 1741 square feet, took 154 days to sell, sold at $230 per foot. In 2009 the Median Price was $382,000 and was sold at 93.33% of asking price.


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