Friday, November 18, 2016


Today's Top  Luxury Estates in Los Angeles, Phoenix, San Diego, San Francisco
and Seattle Listed For Sale

                                           .                                                             
                                "A mansion is a large and stately dwelling"


The word mansion derives through Old French from the Latin word mansio "dwelling" 
is an abstract noun derived from the verb manere "to dwell". he English word "manse
originally defined a property large enough for the parish priest to maintain himself,
but a mansion is no longer self-sustaining in this way.  'Manor' comes from the same
root territorial holdings granted to a lord who would remain there. Hence it is easy 
to see how the word 'Mansion' came to have its meaning.

The exact definition of the word “mansion” varies but in U.S. real estate terms, it’s 
generally defined as a single family residence of more than 8,000 square feet. The 
Merriam-Webster Dictionary just calls it “a large and imposing residence.” Either way, 
these sizeable dwellings are undoubtedly some of the most beautiful and 
celebrated examples of residential architecture.

Today's Best Mansions 

#1     11882 State Highway 75, Ketchum, ID 83340 with 7 bedrooms, 10 baths, 
and 14,829 sq.ft. is listed for sale at $17,500,000



Frederick Fisher designed modern architectural estate on the Bigwood River. Dream
 home for collectors with dedicated gallery and dramatic art spaces.Totally private 
18 acre estate tucked in aspen forest with paths to river for fly fishing. Designed for 
casual lifestyle and gracious entertaining. Just minutes to airport, skiing, resort
 amenities in a protected natural environment. Adjacent 33 ac available. 
























#2     46 Star Island Drive, Miami Beach, FL 33139 with 10 bedrooms, 12 baths, 
and 20,000 sq.ft. is listed for sale at $65,000,000

46 Star Island Dr, Miami Beach, FL 33139

Historic Masterpiece built by Miami Beach Pioneer Carl Fisher available for the first time
in 30 years. This 20,000 sf home with more than 40 rooms throughout was completely renovated in 2016 giving meticulous attention to it's original Integrity. Soaring ceilings, ballroom size living room, 3000 bottle wine cellar, 3 offices, staff quarters and more. Situated on the tip of Star Island, the most sought after address in Miami Beach, with over 61,000 sf of land and 255' of panoramic waterfront views.

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139

46 Star Island Dr, Miami Beach, FL 33139
                               


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Today's Top Real Estate News 

No Surprise: Pull-Through Rates hit 2016 High
By Jann Swanson
Mortgage News Daily

Borrowers apparently noted a slight uptick in mortgage rates and pushed refinancing higher in October.  Ellie Mae's Origination Insight Report notes an increase in that share of lending during the month that affected all loan types.  There was an overall gain of 2 percentage points in refinancing's share to 47 percent, the highest since January.

The percentage of FHA refinances increased to 21 percent in October, up from 19 percent in September, and VA refinances increased to 31 percent, up from 27 percent. Refinancing rose to a 57 percent share of conventional refinances loans, a 1 point gain. 

Sixty-eight percent of all loans originated during the month were conventional, 20 percent went to FHA, and 9 percent were VA loans.  This distribution was unchanged from September.

There was a significant improvement in the closing rate for all loans, from 71.8 percent to 73 percent.  The rate for purchase loans increased to 77.2 percent from 76.4 percent in September and the rate for refinancing rose from 66.4 percent to 68 percent.  All rates were the highest so far in 2016.  Ellie Mae calculates the closing or pull-through rate based on loans which began 90 days before the reporting period, in this case in July.

The average time to close all loans remained unchanged in October at 48 days. The timeline for a purchase was 46 days, one day less than in September while the time to close a refinance held at 50 days.

There was also a slight dip in the average FICO scores for closed loans; 730 rather than 731.  Conventional purchase FICO scores decreased to an average 753 in October, and conventional refinance average FICO scores decreased to 745. The debt-to-income (DTI) ratio for all closed loans remained at 24/37, and the loan-to-value (LTV) ratio was unchanged at 78 percent.

"Refinance activity represented 47 percent of closed loans in the month, up from 45 percent in September," said Jonathan Corr, president and CEO of Ellie Mae. "We saw increases in refinance percentages for FHA, VA and conventional loans, bolstered by the very low 30-year note rate that rose only slightly to 3.760. We believe that homebuyers are taking advantage of the continued low rates to find monthly savings by refinancing their mortgages."

The Origination Insight Report mines its application data from a sample of approximately 75 percent of all mortgage applications that were initiated on the company's mortgage management system. Ellie Mae says its Origination Insight Report is a strong proxy of the underwriting standards employed by lenders across the country.



Today's Top LA Luxury Estates
larealestateupdates.blogspot.com

http://www.annenbergtvnews.com/images/uploads/LOS_ANGELES_SKYLINE_PHOTO.jpg

The median home value in Los Angeles County is $532,800. Los Angeles County home 
values have gone up 6.3% over the past year. Zillow predicts they will rise 0.9% within the 
next year

The median home value in Brentwood, 90049 is $2,302,200. Brentwood home values have
gone up 3.7% over the past year.  Zillow predicts they will rise 0.6% within the next year

The median home value in Malibu is $2,500,600. Malibu home values have declined -0.8%
 over the past year. Zillow predicts they will fall -0.7% within the next year.

The median home value in Beverly Hills is $2,998,500. Beverly Hills home values have gone up up 4.7% over the past year.  Zillow predicts they will rise 0.2% within the next year.


#1     14372 Mulholland Drive, Bel Air, CA 90077 with 6 bedrooms, 9 baths, and 
9,564 sq.ft. is listed for sale at $6,495,000

14372 Mulholland Dr, Los Angeles, CA 90077

Gated designer perfect chic Tuscan home with extraordinary views, large rooms, high ceilings and entertainers eat-in kitchen w/ oversized double islands. Grand double-height entry with sweeping staircase, exquisite master suite with commanding views and new modern his and her baths plus large walk-in closets. 3 additional suites up and guest room and maids down with giant media room w/bar, gym, sauna, and wine room. Luxurious pool area w/ spa, fire pit and kitchen. 3 car garage and elevator. All the amenities and exquisite finishes throughout. 

14372 Mulholland Dr, Los Angeles, CA 90077

14372 Mulholland Dr, Los Angeles, CA 90077

14372 Mulholland Dr, Los Angeles, CA 90077

14372 Mulholland Dr, Los Angeles, CA 90077

14372 Mulholland Dr, Los Angeles, CA 90077


14372 Mulholland Dr, Los Angeles, CA 90077


#2     10901 Chalon Road, Bel Air, CA 90077 with 6 bedrooms, 7 baths, 4000+-sq.ft.  is listed for sale at $5,995,000.

10901 Chalon Rd, Los Angeles, CA 90077





An amazing development opportunity on an over 36, 000 sq.ft. lot in prestigious lower Bel Air. Approved plans and permits for a stunningly designed home by the nationally renowned architectural firm Swatt/Miers Architects. Ground has already been broken and construction has begun on this unique Bel Air residence. Set behind gates and hedges and sited amongst multi-million dollar estates, the home offers privacy and seclusion yet is located just minutes from world-class shopping, entertainment, and dining in Beverly Hills, West Hollywood, UCLA and Brentwood. This architectural masterpiece embodies the principles of modern design with seamlessly fused interior and exterior space and evokes a warm modern expression through the skillful integration of wood and glass.

10901 Chalon Rd, Los Angeles, CA 90077

10901 Chalon Rd, Los Angeles, CA 90077

10901 Chalon Rd, Los Angeles, CA 90077

10901 Chalon Rd, Los Angeles, CA 90077

10901 Chalon Rd, Los Angeles, CA 90077

10901 Chalon Rd, Los Angeles, CA 90077



Today's Top Phoenix/Scottsdale/Paradise Valley/Carefree Luxury Estates
phoenixluxuryestates.com


Image result for phoenix skyline photos



The median home value in Scottsdale is $416,600. Scottsdale home values have gone up 4.2% over the past year and Zillow predicts they will rise 2.5% within the next year.

The median home value in Carefree is $737,400. Carefree home values have gone up 
3.0% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Paradise Valley is $1,639,200. Paradise Valley home values have  gone up 3.4% over the past year and Zillow predicts they will rise 2.3% within the 

next year.


#1      6005 E Sage, Drive, Paradise Valley, AZ 85253 with 6 bedrooms, 8 baths, 
and 8,901 sq.ft. is listed for sale at $5,000,000.


Nestled on the east side of Camelback Mountain, this Mediterranean Estate brings the charm of Old World European style to life! Custom built with the highest standard of quality and craftsmanship, this home provides comfort and luxury with captivating city and mountain views. From the minute you enter the dramatic foyer you will be stunned and amazed with every detail. My attempt to describe this home with words is simply inadequate. You must personally experience it for yourself in order to fully appreciate the expansive use of canterra stone throughout, the coffered ceilings, the repurposed ceiling beams in the family room, gourmet kitchen, separate entry guest quarters, resort style backyard, the list goes on. 













#2     7835 N Ironwood Drive, Paradise Valley, AZ 85253 with 6 bedrooms, 7 baths, and 9,153 sq.ft. is listed for sale at $8,100,000.

7835 N Ironwood Dr, Paradise Valley, AZ 85253

Sitting on 3.5 acres behind 3 gated entries is a captivating, very private 6 bdrm Spanish Colonial Revival home + guest home designed by Mike Higgins. The estate has 5 car garages at the main home + a drive-thru 1,798 sf a/c garage w/high ceilings for 5 cars, RV or boat. Featured in Phoenix Home and Garden,this architecturally beautiful estate showcases distressed planked wood flooring,an abundance of decorative tilework,unique design details, Douglas fir beams,romantic archways + wrought iron accents. The chef's kitchen has a big mesquite center island and intimate breakfast rm with fireplace opening to a large family rm. French doors open to patios with mountain views + outdoor living with extensive lawns,a fabulous pool + spa,bocci ball,putting green,fountains,courtyards plus an acre.

7835 N Ironwood Dr, Paradise Valley, AZ 85253
























7835 N Ironwood Dr, Paradise Valley, AZ 85253

7835 N Ironwood Dr, Paradise Valley, AZ 85253

7835 N Ironwood Dr, Paradise Valley, AZ 85253

7835 N Ironwood Dr, Paradise Valley, AZ 85253



Today's Top San Diego Luxury Estates
sandiegorealestateflashreport.com

Image result for san diego skyline art


The median home value in San Diego County is $516,200. San Diego County home values have gone up 5.2% over the past year.  Zillow predicts they will rise 1.9% within the next year. 


The median home value in La Jolla is $1,685,000. La Jolla home values have gone up 6.1% over the past year and Zillow predicts they will rise 2.1% within the next year

The median home value in Solana Beach, 92075 is $1,257,000. Solana Beach home values have gone up 2.6% over the past year and Zillow predicts they will rise 1.4% within the next year.


The median home value in Del Mar, 92014 is $1,602,400. Del Mar home values have gone up 2.6% over the past year and Zillow predicts they will rise 1.1% within the next year.


#1      15839 The River Trail, Rancho Santa Fe, CA 92067 with 5 bedrooms, 7 naths, and 11,000 sq.ft. is listed for sale at $6,279,000

15839 The River Trl, Rancho Santa Fe, CA 92067

Talk about VALUE, this home can't be replaced at this low price, Come and See. This home (one of 14) is part of the gated and walled RSF River Estates where builders competed to create the most magnificent homes possible. It offers amenities like smart house technology, full exterior security cameras and lights, theater, top of the line audio-visual system, full outside living, pizza oven, kitchenette, resort pool, spa, and waterfalls.

15839 The River Trl, Rancho Santa Fe, CA 92067

15839 The River Trl, Rancho Santa Fe, CA 92067

15839 The River Trl, Rancho Santa Fe, CA 92067


15839 The River Trl, Rancho Santa Fe, CA 92067


#2     15152 Las Planideras Drive, Rancho Santa Fe, CA 92067 with 6 bedrooms, 
6 baths, and 5,483 sq.ft. is listed for sale at $3,496,000

15152 Las Planideras Dr, Rancho Santa Fe, CA 92067

Welcome to Stone West. Unique traditional French Country estate, private gated, located on the easy access Southwest side of the R.S.F. covenant. Huge 2.69 acres, wooded low-maintenance parcel high up on the hill with westerly views toward the race track. Daily cool ocean breeze off nearby Del Mar beaches.

15152 Las Planideras Dr, Rancho Santa Fe, CA 92067

15152 Las Planideras Dr, Rancho Santa Fe, CA 92067

15152 Las Planideras Dr, Rancho Santa Fe, CA 92067

15152 Las Planideras Dr, Rancho Santa Fe, CA 92067

15152 Las Planideras Dr, Rancho Santa Fe, CA 92067



Today Top Seattle Luxury Estates
seattleluxuryrealestateupdates.com

Image result for seattle skyline photos


The median home value in Kirkland is $576,800. Kirkland home values have gone up 
14.6%  over the past year and Zillow predicts they will rise 7.1% within the next year.

The median home value in Seattle is $592,200. Seattle home values have gone up 

15.3% over the past year and Zillow predicts they will rise 6.9% within the next year. 

The median home value in Bellevue is $730,000. Bellevue home values have gone up 13.6% over the past year and Zillow predicts they will rise 5.9% within the next year

The median home value in Mercer Island is $1,240,400. Mercer Island home values have 

gone up 12.2% over the past year and Zillow predicts they will rise 6.4% within the next year.

The median home value in Clyde Hill is $2,200,500. Clyde Hill home values have gone up 10.1% over the past year and Zillow predicts they will rise 5.5% within the next year.


The median home value in Medina is $2,389,900. Medina home values have gone up
12.8% over the past year.  Zillow predicts they will rise 5.1% with in the next year.

#1     4445 Lake  Washugton Blvd., Bellevue, WA 98006 with 3 bedrooms, 4 baths, and 7,190 sq.ft. is listed for sale at $5,450,000.


This unique gated estate rests on 94 of calming Lake Washington shore. Capture the sun-filled western facing views from expansive living room w/ dramatic floor to ceiling windows. This quintessential entertainment space boasts abundant onsite parking, a substantial wet bar w/ wine cellar, gaming area, private theater, weight room and rare 120 private dock w/ 2 boat lifts. Exceptional covered outdoor living area for 365 day entertainment and unobstructed lake views from nearly every room.











#2       3268 Hunts Point Road, Hunts Point, WA 98004 with 4 bedrooms, 5 baths, and 6,800 sq.ft. is listed for sale at $8,980,000.


Experience European grandeur on the shores of Lake Washington. A gated entry leads to this refined estate w/90 of sought after Hunts Point waterfront. Fountains & gardens line the walkway to the majestic entryway. Soaring ceiling in the great room adds volume as French doors open to create an indoor-outdoor space for the most fabulous soirees. Luxurious details throughout from epicurean kitchen to the master suite. Endless space to relax, entertain and play. Wonderful grounds and a private dock.















Mortgage Rates Daily Update                                                                   52 Week



ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.03%4.00%+0.033.34%4.11%
15 Yr FRM3.27%3.25%+0.022.69%3.30%
FHA 30 Year Fixed3.75%3.75%--3.15%3.75%
Jumbo 30 Year Fixed4.10%4.08%+0.023.41%4.10%
5/1 Yr ARM3.00%2.99%+0.012.80%3.10%

Mortgage Rates Jump Back to Highs
Nov 17 2016, 4:48PM

Mortgage rates may have caught a break yesterday, but today is a different story.  Or perhaps it's a different kind of break... a bad one... more of a compound fracture really.  Not only did rates resume their move higher, but they skipped right to new 2016 highs, albeit by only a small margin.  In fact, not all lenders are in the worst shape of the year today, but the average lender is.  

An ongoing and frustrating aspect of much of the recent rate drama is that it lacks new, clearly-defined motivation.  Naturally, the initial catalyst was the election, but since then, we've seen multiple instances of rates surging higher without being in the presence of anything that would typically motivate such a move.  Unfortunately, this is the way momentum can work in financial markets.  

Think of it like this: if you're suddenly confronted by a massive heard of some angry beasts stampeding toward you, it probably makes sense to turn and run.  Indeed, you'd likely keep running until you could get to safety, until you got trampled, or until the herd slowed its proverbial roll.  

It's the same story for bond traders (who ultimately drive the day-to-day moves in rates).  If momentum gets big enough in one direction, it leads other traders to make similar trades, just to keep pace with the herd. 

4.0% remains the most prevalently-quoted conventional 30yr fixed rate on top tier scenarios.  Most borrowers will see today's weakness in the form of slightly higher upfront costs.  
From a strategy standpoint, today only reinforces my constant refrain about needing to see more substantial improvement before anything other than a defensive strategy makes sense.

If you're just getting caught up with the massive mortgage rate drama of the past week, here are the relevant recaps:

Loan Originator Perspective


Our days wouldn't be complete without one (or many) lender price worsens, and Thursday was no exception.  There's little demand for bonds at these levels (far more sellers than buyers), and that means rates are still headed up.  Floating is a reckless choice here.  Like drawing to an inside straight, it might work occasionally, but odds are clearly against you.  I'm still locking asap, don't like calling borrowers to tell them their rate went up .5%! -Ted Rood, Senior Originator

Today's Best-Execution Rates

  • 30YR FIXED - 4.0%
  • FHA/VA - 3.75%
  • 15 YEAR FIXED - 3.25%
  • 5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Ongoing Lock/Float Considerations

  • Rates have generally been trending higher since hitting all-time lows in early July, and exploded higher following the presidential election
  • Clearly-defined uptrends provide higher-than-average motivation to lock, especially when the pace of rising rates accelerates quickly
  • Risk-takers can try to time the dips in rates that may occur during that broader uptrend, but the reward for good timing generally isn't worth the risk in these situations
     
  • We'd need to see a sustained push back toward lower rates (something that lasts more than 1-3 days) before anything less than a cautious, lock-biased approach makes sense for all but the most risk-tolerant borrowers.
     
  • As always, please keep in mind that the rates discussed generally refer to what we've termed 'best-execution(that is, the most frequently quoted, conforming, conventional 30yr fixed rate for top tier borrowers, based not only on the outright price, but also 'bang-for-the-buck.'  Generally speaking, our best-execution rate tends to connote no origination or discount points--though this can vary--and tends to predict Freddie Mac's weekly survey with high accuracy.  It's safe to assume that our best-ex rate is the more timely and accurate of the two due to Freddie's once-a-week polling method). 
Today's  Best Real Estate Humor
                           
Image result for real estate cartoons





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Have a comment? Call or email me.  Most importantly, have a great day!


Tom Furino
furtree@msn.com
619-944-8749