Monday, November 21, 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 
www.todaysbestmansionsforsale.com

#1   1822 Marcheeta Place, Los Angelos, CA 90069 with 4 bedrooms, 7 baths, 
and 4,000 sq.ft. is listed for sale ay $23,995,000.




Brand new architectural, designed by Paul McClean. Warm Modernism with 12 foot 
ceilings, limestone floors coupled with a stunning wood paneled ceiling provide
an aura of calm sophistication. Years in planning and construction, this home exudes 
the highest quality including a 70 foot book-matched marble exterior wall for privacy and 
a custom wood paneled ceiling. Dazzling water feature graces the entrance which leads 
to the first split-level swimming pool in all of the Bird Streets. The spectacular Mastesuite 
is comparable to the finest hotels in the world with an incredible walk-in closet
and master bath.The lower level is free flowing with large entertaining spaces, a 
custom bar and an intimate cigar lounge. The custom designed gym with a full 
steam/sauna room, an epic suede lined screening room with seating for 18, and
a "car museum" that can display 10 vehicles completes this rare offering.  

















#2      156 Emerald Bay, Laguna Beach, CA 92651 with 5 bedrooms, 5 baths and 
3,920 sq.ft. is now reduced from $35,000,000 to $28,000,000.


This oceanfront estate parcel is on the sand in the esteemed private community of Emerald Bay. Held in the same family since 1932, ‘EL PARADOR' presents a rare opportunity to buy the "best of the best" as the original owner had her choice of most any position on this scenic cove. The current offering was assembled in a recent merger of the original lot #156 with a substantial portion of the former lot #120, creating the newly expanded parcel #156; now the single largest on the oceanfront in all of Emerald Bay. It features a private beach area with almost 70' of frontage at the quiet western end of the cove, as well as a sand-front cabana and large entertaining terrace. The existing, 1930's California colonial style home serves as a comfortable beach getaway. Alternatively, one could build new and create a home of 13,000 square feet or larger, with an oceanfront swimming pool, and direct walk-out-on-the-sand access from a beachfront cabana and terrace. The gently sloping topography will allow for an exceptionally livable new plan with all floors taking in ocean views. Street to street access allows for an oversized multi-car subterranean garage. The cove, coastline, ocean and nightlight views are beyond compare, as is this irreplaceable opportunity.










T


Today's Top Real Estate News

Hot or not? The housing market has people holding their breath.

Salon Media Group

Donald Trump’s victory has stoked fears of another bubble, but Lowe's and Home Depot offer reason for optimism
Hot or not? The housing market has people holding their breath

U.S. home sales were slowing even before Donald Trump emerged as the next president of the United States. Now in the wake of Trump’s surprise victory, mortgage rates are rising fast. Lenders are concerned that Trump will aggressively cut taxes and boost infrastructure spending, which would drive up the cost of managing the U.S. debt, increase inflation and give the Federal Reserve cause to raise the key rate that underpins all consumer borrowing.

The questions on many investors’ minds right now are whether the days of historically low mortgage rates are over, and what will happen to the housing market if rates rise faster than expected under President Trump.

The 10-year U.S. Treasury yield — the bellwether for mortgage rates — had its biggest three-day jump in more than seven years after Election Day, according to Bloomberg data. Meanwhile, the average 30-year fixed mortgage rate rocketed from 3.62 percent to just more than 4 percent in the week after the election, marking its steepest jump since June 2013 when the lending market had its “taper tantrum” over the Fed winding down its quantitative easing program.

While mortgage rates are still less than half of the historical average (for 45 years), according to data from Freddie Mac, the concern among some mortgage industry analystsis whether the historically low borrowing costs have created a housing bubble. If lending rates rise too fast it could disrupt demand, drive down prices and put some homeowners underwater — that is, owing more than their homes are worth. If these sound like the very factors that fed the Great Recession, that’s because they are.

So anxious industry observers are understandably hunting for signs of what comes next. For now, however, two big U.S. retailers — Home Depot and Lowe’s — whose businesses depend on the housing market seem confident the housing market will continue to fuel their business growth.


“The outlook for the home improvement industry remains positive, supported by a solid consumer backdrop, lagging benefits from existing home sales, and rising home prices that encourage the customers to engage in discretionary remodels and upgrades on top of routine maintenance,” 

Lowe’s announced in its third-quarter earnings presentation on Wednesday.For the three months ended Oct. 28, the Mooresville, North Carolina, company said it earned $379 million compared with the $736 million in the same period last year. Excluding the costs largely pertaining to its ending of a joint venture with Woolworths in Australia, the company’s net profit in the third quarter increased compared with last year, to $841 million. Revenue, too, rose to $15.73 billion from $14.36 billion. Though it was lower than Wall Street forecasts, this performance shows continued strength in the home-improvement market.

Lowe’s larger rival, Home Depot, seems to be even more bullish.

“We believe home-price appreciation, housing turnover, household formation and an aging housing stock in the U.S. continue to support growth in our business,” said Home Depot Chairman and CEO Craig Menear on a Tuesday conference call announcing its third-quarter results. The world’s largest home-improvement retailer announced $1.97 billion in net profit in the three months ended Oct. 30, a rise from the $1.73 billion in the year-ago period. Revenue grew to $23.15 billion from $21.82 billion

Some economists have warned that a global recession could happen if Trump follows through with his protectionist trade policies. If he implements the economic, tax and immigration policies he presented on the campaign trail, it could cost the U.S. hundreds of billions of dollars a year and millions of jobs throughout his four-year term, according to British forecasting firm Oxford Economics, the University of Pennsylvania’s Wharton Budget Model and ratings firm Moody’s Analytics.If Trump follows through with his plans, and the predicted job losses and rise in borrowing costs and inflation come to pass, by this time next year Home Depot and Lowe’s — and the entire housing market — could be singing a different tune.




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Today's Top LA Luxury Estates

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,

he 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       805 N Linden Drive, Beverly Hills, CA 90210 with 5 bedrooms, 5 baths, and  
4.500 sq.ft. is listed for sale at $14,950,000.



Impeccably restored, classic Wallace Neff redesigned for today's luxury lifestyle. Dramatic 2-story formal living room features hand painted cathedral ceilings and  fireplace overlooking beautifully landscaped patios and gardens. Gorgeous white marble and beautiful wood floors offer a sophisticated look to this home located in one of the most coveted locations in prime Beverly Hills. Formal dining room, gourmet kitchen with top of the line stainless steel appliances. Luxuriousmaster suite with two walk-in closets and veranda. Office/den with charming fireplace and original details, authentic grill and iron work. Flexible floor plan and huge family entertainment/guest room overlooking the large al fresco dining area with BBQ, firepit, spa and pool. Ideal for entertaining or raising a family.  








#2      33583 Mulholland Highway, Malibu, CA 90265 with 4 bedrooms, 5 baths, and 7,050 sq.ft. is listed for sale at $7,488,000.

33583 Mulholland Hwy, Malibu, CA 90265

Set to awe-inspiring ocean views and soaring sandstone mountain peaks, this striking home, built by world-renowned Architect Ed Niles, affords the rare opportunity to live within the majesty of nature's beauty while moments from the best of Los Angeles. With an abundance of glass supported by steel, the single story main residence takes in 360-degree views of its natural surrounds, with ceilings meeting the sky at a grand 22 feet. A secluded retreat, the 16-acre property is conveniently situated in the hills of Malibu on the infamous Mulholland Highway, and includes a working helipad to make travel a breeze. Adjacent the lower level swimming pool and sauna space with a separate entrance, a generous guest house, currently used as a music room, rounds out a total of approximately 7, 000 square feet of living space - destined to house the idyllic life you've always imagined.

33583 Mulholland Hwy, Malibu, CA 90265



33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265

33583 Mulholland Hwy, Malibu, CA 90265


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      21395 Jamison Road, Chandler, AZ 75758 with 6 bedrooms, 9 baths, and 
9,071 sq.ft. is listed for sale at $5,100,000.


Stunning home located in gated community of Brown''s Landing sits on a point overlooking beautiful Lake Palestine. Well planned with the latest technology, energy efficiency and designed to meet your every need. Gorgeous European oak floors throughout. Gourmet kitchen features custom cabinetry, expansive island, dual sinks and dishwashers and all commercial grade appliances. Views of the lake from almost every room. 












#2     35237 N Ridgeway Drive, Carefree, AZ 85377 with 3 bedrooms, 5 baths, and 
7,706 sq.ft. is listed for sale at $3,500,000.

35237 N Ridgeway Dr, Carefree, AZ 85377


This stunning Carefree contemporary home has amazing views from every window! Located in the exclusive gated Grandview Estates, this award winning home has Bespoke Interiors built with the highest quality materials and craftsmanship available. Thoughtfully positioned in the natural boulders of Black Mountain, this 7706 sq. ft. masterpiece has multiple areas for entertaining. Accommodating interiors include a spacious home office featuring natural boulder outcroppings, as well as a separate loft work space. Warm interiors with custom cabinetry throughout, a Chef's kitchen with a stainless steel appliance package, a home theatre and a fitness room. The master wing is spacious and separated from the homes public spaces.

35237 N Ridgeway Dr, Carefree, AZ 85377
35237 N Ridgeway Dr, Carefree, AZ 85377
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35237 N Ridgeway Dr, Carefree, AZ 85377

35237 N Ridgeway Dr, Carefree, AZ 85377

35237 N Ridgeway Dr, Carefree, AZ 85377

35237 N Ridgeway Dr, Carefree, AZ 85377



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.

The median home value in Rancho Santa Fe is $2,727,800. Rancho Santa Fe home values have declined -0.5% over the past year.  Zillow predicts they will rise 1.9% within the next year

#1      1773 Ocean Front Street, San Diego, CA 92109 with 6  bedrooms, 9 baths, and 
3,075 sq.ft. is listed for sale at $3,599,000.

https://cdn.cbhomes.com/s3/mediasvc-prd/properties/5097e6aaED75437-160061529.jpg?preset=trim








Ocean Front! This unique home is 3 levels on the edge of the ocean and sits at the ultimate location just south of the OB Pier. Slate and bamboo floors throughout, comfortable elegance and flowing floor plan is enhanced by expansive ocean views from almost every room. Each bedroom has its own private deck and private bath. Premiere ocean front footage for one of the largest ocean front back yards in all of San Diego, includes 2 BR/3BA guest house and 4 car garages, plus parking for extra vehicles.









#2      656 Lago Lindo, Rancho Santa Fe, CA 92067 with 5 bedrooms, 7 baths, and 10,329 sq.ft. is listed for sale at $8,450,000

6565 Lago Lindo, Rancho Santa Fe, CA 92067

Car lovers and equestrain lovers, views, privacy, and ultra luxurory amenities. A separate driveway leads to a 10+ car garage for the car enthusiast, loddon barn and equestrain set-up with tack, office, wash, hay storage and arena. Stunning custom, view estate with 4+ spacious suites in main home and 2 bedroom detached guest home with full kitchen.  Well water available.

6565 Lago Lindo, Rancho Santa Fe, CA 92067

6565 Lago Lindo, Rancho Santa Fe, CA 92067

6565 Lago Lindo, Rancho Santa Fe, CA 92067

6565 Lago Lindo, Rancho Santa Fe, CA 92067

6565 Lago Lindo, Rancho Santa Fe, CA 92067

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6565 Lago Lindo, Rancho Santa Fe, CA 92067


6565 Lago Lindo, Rancho Santa Fe, CA 92067.
6565 Lago Lindo, Rancho Santa Fe, CA 92067


6565 Lago Lindo, Rancho Santa Fe, CA 92067




Today's San Francisco Luxury Estate

Image result for san francisco skyline photos

The median home value in San Francisco is $1,104,000. San Francisco home values have gone up 0.6% over the past year and Zillow predicts they will fall -0.4% within the next year.

The median home value in Sausalito is $1,203,400. Sausalito home values have gone up 6.6% over the past year and Zillow predicts they will rise 0.9% within the next year

The median home value in Tiburon is $2,360,800. Tiburon home values have gone up 2.6% over the past year and Zillow predicts they will fall -0.0% within the next year.


The median home value in Saratoga is $2,331,600. Saratoga home values have gone up 1.1% over the past year and Zillow predicts they will fall -1.1% within the next year

#1     11777 Inglewood Avenue, Saint Helena, CA 94574 with 6 bedrooms, 9 baths
 and 7,100 sq.ft. is listed for sale at $15,000,000


This historic vineyard estate radiates pure luxury, character and substance. Created from Captain Thomas Amesbury’s 1886 pre-prohibition stone winery, this extraordinary country property is sited along the western bench of the valley floor and nestled within a sea of vineyards, with outstanding views of the Mayacamas Mountains. The stately yet comfortable stone residence enjoys a luminous second floor master suite and elegant public rooms that yield access to an expansive entertaining patio, sweeping lawns, an inviting azure pool, tennis court, and splendid formal gardens designed by Walter Guthrie. The residential compound provides versatile living options for guests and for staff, and includes a guest house with two en-suite bedrooms and kitchenettes, a pool house with spacious game room, a beautiful one bedroom caretaker’s house and carriage style garage. The property features a 7.2 +/- acre Merlot vineyard and olive grove, producing a wonderful estate olive oil.













#2    180 La Montagne Court, Los Gatos, CA 95032 with 4 bedrooms, 5 baths, and 4,248 sq.ft. is listed for sale at $2,899,900.

180 La Montagne Ct, Los Gatos, CA 95032

Beautiful Mediterranean Los Gatos property. Dramatic architecture. Bright and open floor plan. High ceiling. Chef kitchen. Formal living and dining rooms. 4 Bedrooms + Office. 4.5 Bathrooms. Master bedroom with fireplace, walk-in closet, sink in tub and shower. Downstairs with wine cellar, full bar and entertainment room. Curving staircase w/ custom wrought iron. Close to La Rinconada Country Club and Courtside. 3 cars attached garage with a paver driveway.

180 La Montagne Ct, Los Gatos, CA 95032

180 La Montagne Ct, Los Gatos, CA 95032

180 La Montagne Ct, Los Gatos, CA 95032

180 La Montagne Ct, Los Gatos, CA 95032

180 La Montagne Ct, Los Gatos, CA 95032

180 La Montagne Ct, Los Gatos, CA 95032



Today's 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     8810 Mercer Way, Mercer Island, WA 98040 with 4 bedrooms, 4 baths, and 8,579 sq.ft. is listed for sale at $8,480,000.

8810 N Mercer Way, Mercer Island, WA 98040

Refreshing new price on this exquisite waterfront playground! This breathtaking luxury home is your daily muse. A sublime collaboration of art and architecture on coveted North end Mercer Island shoreline present a year round oasis. A just completed renovation conveys luxury and inviting modern design. Unrivaled entertaining terraces, fabulous moorage, pool and spa showcase the expansive, sparkling lake views. Meticulous attention to detail and craftsmanship. Incredible light and volume. Perfect!

8810 N Mercer Wy, Mercer Island, WA

8810 N Mercer Wy, Mercer Island, WA

8810 N Mercer Wy, Mercer Island, WA

8810 N Mercer Wy, Mercer Island, WA

8810 N Mercer Wy, Mercer Island, WA



#2     1112 Bigelow Avenue N, Seattle-Queen Anne, WA 98109 with 4 bedrooms, 
3 baths, and 4,080 sq.ft. isl listed for sale at $2,798,000.


On the ridge of paradise with absolutely stunning lake, city and mountain views! Chaffey Building Group unveils CityVue I, their newest luxury Kirkland residence. CBG's Signature quality sets a new standard for pride of ownership. You're in the driver's seat: Lutron RadioRa 2 (lighting), Sonos (music) and the security system operate from the wall-mounted iPad. Enjoy a tour, relax on the heated patio and soak in the views while learning about this legacy, northwest developer











Mortgage Rates Daily Update                                                                   52 Week



ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.12%4.03%+0.093.34%4.12%
15 Yr FRM3.35%3.27%+0.082.69%3.35%
FHA 30 Year Fixed3.75%3.75%--3.15%3.75%
Jumbo 30 Year Fixed4.22%4.10%+0.123.41%4.22%
5/1 Yr ARM3.05%3.00%+0.052.80%3.10%
Updated: 11/18/16 3:01 PM
Rates Rip to Highest Levels Since July 2015
 
Nov 18 2016, 4:49PM


It was all pain, all the time for mortgage rates today.  Since the election, the average conventional 30yr fixed rate has risen roughly 0.5%, putting  November 2016 on a short list of 4 worst months in more than a decade.  Two of those months were back to back amid the  2013 taper tantrum and the other was at the end of 2010.  Let it be known that the recent surge in rates is more than a mere post-election knee-jerk.  Financial markets are fully repricing their expectations of the future, and we can't even begin to assess how that future might actually pan out until Trump takes office.  

In other words, buckle up for a higher mortgage rate environment.  Rates won't necessarily be immune from good days over the next few months, but I certainly wouldn't expect a quick, triumphant return to the promised land (rates from 2 weeks ago, and below) within the same time frame.   The most prevalent conventional 30yr fixed rate quote is now 4.125% on top tier scenarios, and more than a few lenders are already up to 4.25%.


Loan Originator Perspective


Another day, another set of multiple price worsen alerts.  Bonds' free fall continued today, and there's little evidence it will end soon.  This might sound familiar, but bears repeating.  THE TREND IS NOT OUR FRIEND, floating is a high risk, low reward proposition. -Ted Rood, Senior Originator

Bond markets have crossed specific thresholds that we were hoping would serve as resistance.  This causes major concern for loans not locked prior to the Trump effect in mortgage rates.  Is it time to abandon the float boat?  Is it time to eat the loss?  It very well may be.  The momentum is overwhelmingly against lower rates for now, and until that changes, rates are poised to continue to rise.  2.32 on the 10 YR treasury was my absolute max ceiling on floating, that has clearly not held up, and it looks like we will be closing above this pivot point.  The bears win this round.  -Gus Floropoulos, VP, The Federal Savings Bank

Today's Best-Execution Rates

  • 30YR FIXED - 4.125%
  • FHA/VA - 3.75-4.0%
  • 15 YEAR FIXED - 3.375%
  • 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

Thanks for reading today's Blog. Looking for more information?  
Have a comment? Call or email me.  Most importantly, have a great day!


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