Friday, November 25, 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       1340 S Ocean Blvd, Palm Beach, FL 33480 with 7 bedrooms, 10 baths, 
and 16,787 sq.ft. is listed for sale at $42,500,000



Direct lakefront estate, newly completed. An elegant custom residence with large gracious spaces and several bedrooms with tropical water views. More than one acre of private grounds. An incredible new masterpiece from Mark Timothy custom homes and Marc-Michaels Interiors. Priced with furnishings.











#2        420 Amapola Lane, Bel Air CA 90077,  previous home ripped down, spectacular vacant 1.3 acres now ready for you to build ream mansion on most exclusive street in Bel Air.

420 Amapola Ln, Los Angeles, CA 90077

Unique opportunity to purchase a rarely available 1.3+ acre vacant lot in arguably one of the best locations in prime east gate Bel Air. House has been torn down. Incredible lot of over 59,500 sq.ft. mostly flat to build a dream estate among some of the most expensive homes in all of Bel Air.

420 Amapola Ln, Los Angeles, CA 90077

420 Amapola Ln, Los Angeles, CA 90077

420 Amapola Ln, Los Angeles, CA 90077


Today's Top Real Estate News

The 20 Hottest U.S. Real Estate Markets for November 2016


Realtor.com


20-hottest-housing-markets                                                                   




While the nation is getting ready to digest massive amounts of turkey, the economic team at realtor.com® has digested a ton of data from our site for November. And though we’re a few days from the end of the month, we can go out on a limb and say it’ll be yet another month of record-low levels of housing supply, strong demand, and (not coincidentally) record-high prices.

The median list price looks to remain at $250,000 for a fourth straight month. That’s 9% higher than last year at this time, and sets a new record for November.

“After an eventful election, demand for real estate appears to be carrying momentum going into the holiday season,” says Javier Vivas, manager of economic research for realtor.com.

 “We  expect that to be put to the test, as mortgage rates sky rocket to new highs. But the economic foundations remain strong and most forecasts expect growth as we enter the new year, which should keep waves of buyers intent on entering the market.”
Viewing activity on our site shows that there’s still plenty of demand from buyers on the prowl for a home. But inventory of homes for sale is down 5% from October, and 11% compared with November 2015. It’s that combo of low supply and high demand that’s keeping prices high. And with only 363,000 new listings entering the market in November, the pickings will be even slimmer next month.

Although homes are selling a wee bit slower these days, as is typical in fall, they’re still moving 1% faster than last November. We’re projecting that homes for sale will have spent a median 82 days on market for November, three days slower than last month.

We analyzed our data for the markets where homes are selling fastest and buyers show the most interest in listings to come up with our monthly list of the country’s 20 hottest real estate markets. This month, we saw a few new names: Billings, MT; Los Angeles, CA; and Oxnard, CA. Billings actually made it into the top 10 by vaulting up 42 spots. Note that these metro markets include some nearby cities. For example, when we say “Los Angeles” it’s actually Los Angeles, Long Beach, and Anaheim. But that’s kind of a mouthful.

As usual, California markets dominated the list, taking up 11 slots, including San Francisco at No. 1, but eight other states were represented: Texas, Colorado, Indiana, Ohio, Michigan, Massachusetts, Tennessee, and Montana.
Check out the full list:

Rank
(November)
20 Hottest MarketsRank
(October)
Rank Change
1San Francisco, CA10
2Dallas, TX42
3Vallejo, CA30
4Denver, CO2-2
5San Jose, CA72
6San Diego, CA60
7Stockton, CA92
8Fort Wayne, IN5-3
9Columbus, OH101
10Detroit, MI122
11Sacramento, CA143
12Boston, MA8-4
13Santa Rosa, CA130
14Fresno, CA173
15Modesto, CA11-4
16Billings, MT5842
17Nashville, TN192
18Los Angeles, CA224
19Oxnard, CA278
20Colorado Springs, CO16-4


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 valhave gone up 6.3% over the past year and 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 and 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 and 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 4.7% over the past year and Zillow predicts they will rise 0.2% within the next year.

#1     25262 Prado De La Puma, Calabasas, CA 91302 with 5 bedrooms, 6 baths, and 6,405 sq.ft. is listed for sale at $2,999,990

25262 Prado De La Puma, Calabasas, CA 91302

Welcome to the exclusive guard gated community of The Oaks in Calabasas. This John Laing Luxury Provence-inspired estate, nestled on a private and quiet cul-de-sac, boasts a bright, open and flowing floor plan. This 6,400 square foot home features 5 spacious bedrooms, each with its own ensuite bathroom, plus a large upstairs bonus room/secondary den. The bright kitchen features commercial grade stainless steel appliances, generous counter space, a large island with bar seating, and a large breakfast nook with french doors opening to the backyard. The massive family room features beautiful built-ins, a fireplace, wood floors and three sets of french doors opening to the backyard. The formal living room has large windows overlooking the beautifully manicured grounds and features a beautiful fireplace and 2 story high ceilings. Step into the lavish Master Suite with a foyer sitting room and breathtaking views of the surrounding hills and fabulous sunsets.

25262 Prado De La Puma, Calabasas, CA 91302

25262 Prado De La Puma, Calabasas, CA 91302

25262 Prado De La Puma, Calabasas, CA 91302

25262 Prado De La Puma, Calabasas, CA 91302

25262 Prado De La Puma, Calabasas, CA 91302

25262 Prado De La Puma, Calabasas, CA 91302

25262 Prado De La Puma, Calabasas, CA 91302

#2       1944 N Beverly Drive, Beverly Hills, CA 90210 with 5 bedrooms, 4 baths, and 
4,545 sq.ft. is listed for sale at $3,795,000

1944 N Beverly Dr, Beverly Hills, CA 90210

In the sweet spot of upper Beverly Drive, this private oasis is just a stone's throw from Beverly Hills and Studio City, take your pick. Designed with an open and modern volume, this custom home has scale and yet is warm and comforting. Upstairs master loft suite with dual luxury baths, separated by a double entry shower. 5th bedroom ready for your personal masseuse or trainer. Outdoor tile carpeted living/dining area and sleek pool + bonus upper view deck to entertain or sun. Tailored for seamless living. Effortless and streamlined for gracious, private relaxation or entertainment. Near Coldwater Canyon Park and the hiking trails of Franklin Canyon. Nothing like it now or soon to come. Sublime.

1944 N Beverly Dr, Beverly Hills, CA 90210

1944 N Beverly Dr, Beverly Hills, CA 90210

1944 N Beverly Dr, Beverly Hills, CA 90210

1944 N Beverly Dr, Beverly Hills, CA 90210

1944 N Beverly Dr, Beverly Hills, CA 90210

1944 N Beverly Dr, Beverly Hills, CA 90210

1944 N Beverly Dr, Beverly Hills, CA 90210
Today's Top Phoenix Luxury Estates


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      6042 E Via Los Caballos, Paradise Valley, AZ 85253 with 4 bedrooms, 6 baths, and 9,023 sq.ft. is listed for sale at $3,395,000




Custom home on huge 1.6 acre lot on Camelback Country Estates. This is a golf course lot, but very private. Perfect for entertaining as well as comfortable family living. Offers elegant formal spaces, private master retreat, den, office, cherry paneled library/media room, wine room, chef`s kitchen, 3 ensuite bedrooms and more. Outdoor amenities include lap pool with waterfall, ramada with BBQ and fireplace, pond, greenhouse and more.


















#2      6023 E Lincoln Drive, Paradise Valley, AZ 85253 with 5 bedrooms, 5 baths, 
and 4,926 sq.ft. is listed for sale at $2,500,000.


This is a rare opportunity to purchase Paradise Valley's most special and historic residence. Set quietly and privately off of the road, this authentic and tastefully renovated adobe compound with 5 garage spaces, will satisfy the most discriminating buyer looking for a truly classic Arizona home. The casual yet sophisticated aesthetic is ideal for a busy family as well as gracious entertaining with an indoor/outdoor flow that includes a large central courtyard surrounded by quaint private gardens, water features, a swimming pool and views of Camelback Mtn. The interiors include Mexican Heritage tile floors, beamed ceilings, plaster walls, architectural lighting, four charming fireplaces, wine storage, a quiet study and a gourmet kitchen.










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     7012 Rancho La Cima, Rancho Santa Fe, CA 92067 with 9 bedrooms, 11 baths, and 8,582 sq.ft. is listed for sale at `$3,900,000

7012 Rancho La Cima, Rancho Santa Fe, CA 92067

Elegance is simply stated in this luxury gated estate. The Chef's kitchen impresses the most discerning palate, this unique and well appointed home makes entertaining or relaxing easy. First floor master retreat complete with sitting area, and fireplace. Massage room and maid's quarters on site. Invite friends over for movie night in the private theater, and become the permanent host for poker night in the game room. The Resort-like cabana, pool, and outdoor kitchen, make parties or staycations a breeze.

7012 Rancho La Cima, Rancho Santa Fe, CA 92067

7012 Rancho La Cima, Rancho Santa Fe, CA 92067

7012 Rancho La Cima, Rancho Santa Fe, CA 92067

7012 Rancho La Cima, Rancho Santa Fe, CA 92067

7012 Rancho La Cima, Rancho Santa Fe, CA 92067
7012 Rancho La Cima, Rancho Santa Fe, CA 92067
7012 Rancho La Cima, Rancho Santa Fe, CA 92067

#2      16775 Via De Los Rosales, Rancho Santa Fe, CA 92067 with 4 bedrooms, 
5 baths, and 4,192 sq.ft. is listed for sale at $2,375,000.

16775 Via De Los Rosales, Rancho Santa Fe, CA 92067


Sitting on a premiere lot on the coveted North side of Fairbanks Ranch, this highly upgraded single level home is a short walk to all the amenities this guard-gated community has to offer. The elevated and private location offers an ideal south orientation with incredible natural light and views to the park-like yard and manicured gardens with fruit trees. Tuscan finishes and quality craftsmanship define the versatile, open floor plan that is perfectly suited to entertaining.

16775 Via De Los Rosales, Rancho Santa Fe, CA 92067

16775 Via De Los Rosales, Rancho Santa Fe, CA 92067

16775 Via De Los Rosales, Rancho Santa Fe, CA 92067

16775 Via De Los Rosales, Rancho Santa Fe, CA 92067

16775 Via De Los Rosales, 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      700 15th Avenue, San Francsico-Central Richmond, CA 94118 with 4 bedrooms, 3 baths, and 2,877 sq.ft. is listed for sale at $2,150,000.


https://cdn.cbhomes.com/s3/mediasvc-prd/properties/D0958896602B4D9-452686.jpg?preset=trim

Exquisitely large (almost 3,000 square feet) Richmond District San Francisco Edwardian residence located on a best block - fabulous neighborhood. Gentle stairway leads to a beautiful landing & entry. Main level living room, gorgeous fireplace, grand dining room with barrel ceiling, corner breakfast room or office + bathroom. Kitchen is elegant and a practical place for preparing gourmet meals! Large granite counters, center island, spacious cabinets, high end appliances and pantry. Upstairs bedroom and adjacent office are rather large and considerable closet space. Master suite includes a full bathroom with large tub and shower plus double sinks and vanity. Downstairs family room, bedroom, fitness room. Large garden and back yard




















#2      1408 Douglass Street, San Francisco, CA 94131 with 3 bedrooms, 4 baths,
and 3,295 sq.ft. is listed for sale at $4,149,000.


Exceptional breathtaking panoramic views of the San Francisco Bay from Downtown to Twin Peaks, this streamlined modern Noe Valley home is an architectural inspiration. This residence has been fully remodeled, with three bedrooms and three and a half bathrooms, and the highest quality finishes. The large open floor plan boasts a designer kitchen; amenities include state-of-the-art stainless steel appliances, dual dishwashers and sinks, beverage and wine fridges - the ultimate entertainer's home. The retractable skylight accesses the roof-top terrace for enjoyment of spectacular city views.












Today's Top Seattle Luxury Estates

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.



#1     1008 4th Avenue N, Seattle-Queen Anne, 98109 with 4 bedrooms, 4 baths, and 4,180 sq.ft. is listed for sale at $2,995,000.



Hollywood Glam meets Queen Anne- This showcase estate takes you by surprise with a new level of splendor. Breathtaking views. One of the most fantastic houses in Seattle- or anywhere. Thoroughly redesigned sparing no expense. Venetian plaster, crystal chandeliers; gourmet kitchen; whole house sound. Spa master bath, Japanese soaking tub; your own private gym (300 additional feet no less); More amenities: state-of-the-art wine cellar, theater room, jacuzzi, wet bar, office, and so much more



















#2     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
Mortgage Rates Daily Update                                                                   52 Week



ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.18%4.10%+0.083.34%4.18%
15 Yr FRM3.38%3.33%+0.052.69%3.38%
FHA 30 Year Fixed3.80%3.75%+0.053.15%3.80%
Jumbo 30 Year Fixed4.25%4.23%+0.023.41%4.25%
5/1 Yr ARM3.06%3.05%+0.012.80%3.10%
Updated: 11/23/16 11:04 AM

Mortgage Rates Quickly Approach 2-Year Highs
Nov 23 2016, 4:36PM

Mortgage rates move abruptly higher today, bringing the average lender very close to the highest levels in more than 2 years.  As it stands, rates are officially at 17-month highs, with June 26th, 2015 being the last day where rates were any higher.  Prior to that, we'd have to go back to September 2014 to see anything higher.  To give you an idea of how close we are to that dubious distinction, there are already some lenders whose rates are worse than June 2015's.  It's only when we look at the broader average that we're "not quite there yet."  
Labels and statistics aside, rates are qualitatively in bad shape--relative to where they had been, at least.  Several lenders who had been quoting 4.125% on top tier conventional 30yr fixed scenarios are now up to 4.25%.  More aggressive lenders that had been at 4.0% are generally now up to 4.125%.  More important than the outright level of rates (which many would argue is historically low) is the speed with which they've risen.  In just 3 short weeks, average rates are up more than half a point now--a feat seldom duplicated in the history of mortgage rates.  

Rapidly rising rates cause all sorts of problems.  On the subtle side, volatility makes it more expensive for lenders to guarantee locked rates.  That expense is passed on to consumers in the form of slightly higher rates across the board.  On a more obvious note, rapidly rising rates make for frustrated mortgage borrowers and generally elevated levels of stress throughout the industry.  Matters can be made worse by overreliance on survey-based mortgage rate data on the part of some media outlets.  For instance, Freddie Mac's weekly mortgage rate survey is incredibly accurate over time, but can significantly lag sharper day to day movements.  This was more of an issue 2 weeks ago, when the weekly survey didn't reflect the initial post-election move, but even in the current week, it's good to keep in mind that Freddie's survey was concluded yesterday and is thus unable to reflect today's sharper movement. 

With the incoming administration's policies driving a large portion of upward rate momentum, mortgage rates will be hard-pressed to make significant improvements any time soon.  Rates can move for other reasons, to be sure, but it would take something big and unexpected for rates to gain enough ground to write home about.  

Loan Originator Perspective

Another day in paradise, NOT!  Bond markets continued selling off today causing more stress and panic for all involved.  For new applications do yourselves a favor and lock for 45-60 days.  The reason for the longer lock period is due to the holiday lag in December.  Loans that are floating through the Trump-phenomenon that has occurred in financial markets, we are currently looking at 2.40-2.42 on the 10 YR Treasury as a stop loss.   The sell-off has caught us all by surprise, sometimes you have to lick your wounds and move on.    -Gus Floropoulos, VP, The Federal Savings Bank

Rates continued to march higher today following much better than expected economic data.   However, it is Wednesday before basically a 4 day holiday.  Following the early morning losses, lenders did hammer rate sheets, so I like floating here until Monday. -Victor Burek, Churchill Mortgage

Today's Best-Execution Rates

  • 30YR FIXED - 4.125%-4.25%
  • 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 had been trending higher since hitting all-time lows in early July, and exploded higher following the presidential election
  • Some investors are increasingly worried/convinced that the decades-long trend toward lower rates has been permanently reversed, but such a conclusion would require YEARS to truly confirm
  • With the incoming administration's policies driving a large portion of upward rate momentum, mortgage rates will be hard-pressed to make significant improvements until after Trump takes office.  Rates can move for other reasons, but it would take something big and unexpected for rates to move appreciably lower.
     
  • We'd need to see a sustained push back toward lower rates (something that lasts more than 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