Hollywood stars Blake Lively and Ryan Reynolds have purchased their first home together in New York for more than $2 million , according to reports.

The Green Lantern co-stars, who began dating last year (11), were rumored to be househunting for a place together on the East Coast and now People.com editors suggest they've found the perfect property in Bedford.

A source tells the website the actors have bought "a beautiful country home" in the Big Apple which "cost more than $2 million".

Lively previously dated her Gossip Girl co-star Penn Badgley and enjoyed a brief romance with Leonardo DiCaprio, while Reynolds split from wife Scarlett Johansson in 2010.