Monday, November 7, 2016



Today's Top Three Luxury Estates in San Diego, Los Angeles, 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", an abstract noun derived from the verb manere "to dwell". The 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.

Image result for windsor castle

Windsor Castle located in Berkshire, England is the oldest and largest mansion in the world with around 484,000 sq.ft  It has been the family home of British kings and queens for almost 1,000 years. It is an official residence of Her Majesty The Queen. The Castle is used regularly for ceremonial and State occasions. It is here that The Queen often hosts state visits from overseas Monarchs and Presidents. 

Today's Top Three Mansions 





Gated, secluded Italian Villa in prime Beverly Hills. Seldom does a home of this caliber grace our market. Situated on over 1-acre of flat land with city views, this approx. 16,000 square foot home must be seen to be fully appreciated. Grand scale public rooms lead to a fantastic grassy yard with outdoor living areas and infinity edge pool. Features include: 6 en-suite bedrooms, 11 custom bathrooms, gourmet kitchen, wine cellar, home theatre, and much more.


















#2     1000 Magnolia Manor, Santa Barbara, CA 93108 with 8 bedrooms, 9 baths, and 11,351 sq.ft. is listed for sale at $35,000,000.



Tucked away and hidden within Montecito's most desirable areas and with one of the most significant addresses in the Golden Quadrangle is the breathtaking Magnolia Manor. Crafted by renowned designer, Robert Webb, this sophisticated Georgian estate offers 6 bedroom, 8.5 baths plus a 2 bedroom guest house and pool pavilion.








#3     1 Central Park S #1809, Upper West Side, NY, NY 10019 with 4 bedrooms,
5 baths, and 5,655 sq.ft. is listed for sale at $58,900,000.

1 Central Park S Apt 1809, New York, NY 10019

Tommy Hilfiger's Penthouse is back on the market now reduced from $80.0 million to $58.9 million. . Rarely does a prized residence such as this come along, distinguished by indescribable elegance, incomparable Central Park and Fifth Avenue views, and astounding attention to every refined detail. The one-of-a-kind Dome Penthouse condominium perched on the 18th and 19th floors of the legendary Plaza is a museum-quality work of art, in a class all its own.  Recently spotlighted in Living in Style New York, this exquisite 4 bedroom 4.5 bathroom designer showplace with a breathtaking private terrace overlooking the park is a grand offering for the most discerning buyer. Meticulously restored.

1 Central Park S Apt 1809, New York, NY 10019

1 Central Park S Apt 1809, New York, NY 10019

1 Central Park S Apt 1809, New York, NY 10019

1 Central Park S Apt 1809, New York, NY 10019

1 Central Park S Apt 1809, New York, NY 10019

1 Central Park S Apt 1809, New York, NY 10019

1 Central Park S Apt 1809, New York, NY 10019

1 Central Park S Apt 1809, New York, NY 10019

1 Central Park S Apt 1809, New York, NY 10019
Today's Real Estate News

Income Concerns Hurting Housing Sentiment 
Nov 7 2016, 12:13PM

By Jann Swanson 
Mortgage News Daily

Fannie Mae's Home Purchase Sentiment Index® (HPSI) suffered its third decline in as many months in October.  The Index, based on responses to six key questions in the company's monthly National Housing Survey, dipped 1.1 points from September to 81.7.  Decreases were posted for four of the six components.  Overall, the HPSI is down 1.5 points since this time last year.  


The share of consumers reporting significantly higher income over the past year experienced the largest drop, decreasing eight percentage points on net.  The share of consumers who reported having a higher income fell from 25 percent in September to 20 percent while those reporting lower income climbed 3 points to 16 percent.  The net figure for this component peaked at 18 percent in May and is now at 4 percent.



Fewer consumers expect continuing price rises over the next year and there was a slight gain in those awaiting a decline resulting in a 3-point decrease in the net share still predicting appreciating values. Those who expect mortgage rates to drop and those who are confident about not losing their job each dropped by one percentage point in October.
The measures of those consumers thinking it is either a good time to buy a home or a good time to sell one each increased.  Partially reversing the decrease from last month, the net share of Americans who say it is a good time to buy a house rose by 2 percentage points to 31 percent. The share who think it is a good time to buy remained at an all-time survey low of 30 percent.



The net percentage of those who say it is a good time to sell rose 4 percentage points to 19 percent, 1 percentage point away from the all-time survey high seen in July. The share who think it is a bad time to sell tied an all-time survey low of 36 percent last reached in July.



Doug Duncan, Fannie Mae's senior vice president and chief economist said, "The HPSI fell in October for the third straight month from its record high in July, reaching the lowest level since March. Recent erosion in sentiment likely reflects, in part, enhanced uncertainty facing consumers today.  Since July, more consumers, on net, have steadily expected mortgage rates to rise and home price appreciation to moderate. Furthermore, consumers' perception of their income over the past year deteriorated sharply in October to the worst showing since early 2013, weighing on the index. However, this component of the HPSI is volatile from month to month, and the firming trend in wage gains from the October jobs report, if sustained, may foreshadow an improving view in the near future."

The Home Purchase Sentiment Index (HPSI) distills information about consumers' home purchase sentiment from Fannie Mae's National Housing Survey® (NHS) into a single number. NHS is conducted monthly by phone among a panel of about 1,000 consumers, both homeowners and renters.  They are asked about 100 questions to assess their attitudes toward owning and renting a home, home and rental price changes, homeownership distress, the economy, household finances, and overall consumer confidence. 
Today's Mortgage Rates
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.59%3.59%--3.34%4.11%
15 Yr FRM2.90%2.90%--2.69%3.30%
FHA 30 Year Fixed3.40%3.40%--3.15%3.75%
Jumbo 30 Year Fixed3.75%3.75%--3.41%3.93%
5/1 Yr ARM2.90%2.89%+0.012.80%3.10%
Updated: 11/7/16 4:55 

Mortgage Rates Avoiding Commitment As Uncertainty Runs High
Nov 7 2016, 4:55PM


Mortgage Rates were unchanged today despite a fair amount of weakness in the bond market.  Rates typically rise when bonds weaken.  The absence of volatility is partly due to the fact that lenders didn't rush to offer improved rates on Friday afternoon when bonds strengthened.  In the simplest terms, bond markets are right in line with Friday morning's levels and so are mortgage rates.  Bonds have experienced some volatility between now and then, but lenders haven't chased it.

This notion of lenders being reluctant to adjust prices to every little market fluctuation is important.  It has been, and will continue to be a theme when it comes to the near-term rate outlook.  Lenders simply won't be willing to offer big improvements on mortgage rate sheets until they see a big, sustained rally in bond markets.  The election is the most immediate source of uncertainty, but the early December announcements from the European Central Bank and the Fed could combine to create bigger market movement.

Loan Originator Perspective


Bond markets sold off slightly today, as we thankfully approach tomorrow's election.  It's hard to say exactly how much the constant pre-election circus-like drama has improved our pricing, but we'll know soon enough.  I still don't see significant roadblocks to rising rates, and until those appear, I'll keep locking sooner rather than later.  Betting on lower rates here feels like bluffing with a pair of 4's.  It might work out OK, but chances are greater it won't. -Ted Rood, Senior Originator
Very risky to be floating with the election tomorrow but you do have an easy choice.  If you feel Trump will win, you will be rewarded by floating.  If you feel Clinton will win, then you should lock today.  Markets do not like the uncertainty.   The market knows what to expect with a Clinton victory, but a Trump victory brings a lot of uncertainty so bonds will benefit in the short term with a Trump win. -Victor Burek, Churchill Mortgage

Today's Best-Execution Rates

  • 30YR FIXED - 3.625%
  • FHA/VA - 3.25-3.5%
  • 15 YEAR FIXED - 2.875%
  • 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
  • Clearly-defined uptrends provide higher-than-average motivation to lock
  • 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 Top Three 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 yea.  Zillow predicts they will rise 1.9% within the next year.




#1      888 W E Street #3601, San Diego-Marina District, CA 92101 with 3 bedrooms, 
2 baths, and 2,315 sq.ft. is listed for sale at $3,999,900.


888 W E St Unit 3601, San Diego, CA 92101


Pacific Gate is designed by renowned New York-based architectural firm KPF and will redefine downtowns skyline.Residents will have access to one of a kind amenities and services from a Chef Concierge, Porter, Private Luxury Car Fleet and Boat Share.This N/NW/W facing 3bd + den residence features interiors by award winning HBA and include custom-designed kitchen cabinets with appliances by Wolf, Sub-Zero and Miele. Pacific Gate is under construction and now selling with completion scheduled for late 2017.

888 W E St Unit 3601, San Diego, CA 92101

888 W E St Unit 3601, San Diego, CA 92101

888 W E St Unit 3601, San Diego, CA 92101

888 W E St Unit 3601, San Diego, CA 92101

888 W E St Unit 3601, San Diego, CA 92101

888 W E St Unit 3601, San Diego, CA 92101


#2    244 Pacific Avenue, Solana Beach, CA 92075 with 3 bedrooms, 3 baths, and 
2,585 sq.ft. is listed for sale at $3,285,000.

244 Pacific Ave, Solana Beach, CA 92075

Clean, modern lines combine with a warm luxurious contemporary interior design in this 
custom beach house! The striking architectural elevations (check out the wood details) beautifully compliment the over-sized private patio - an entertainers delight. An 8-foot custom wood pivot entry door welcomes an open floor plan with custom bleached walnut floors, Western window systems, designer tile and smart home features. The gourmet-well-
appointed kitchen by leading designers is perfection. Function and form.

244 Pacific Ave, Solana Beach, CA 92075

244 Pacific Ave, Solana Beach, CA 92075

244 Pacific Ave, Solana Beach, CA 92075

244 Pacific Ave, Solana Beach, CA 92075

244 Pacific Ave, Solana Beach, CA 92075

244 Pacific Ave, Solana Beach, CA 92075


#3     1257 Silverado Street, La Jolla, CA 92037 with 4 bedrooms, 6 baths, and 
5,213 sq.ft. is listed for sale at $9,800,876.

1257 Silverado St, La Jolla, CA 92037

Welcome to The Arc House where modern architecture, masterful design and intuitive technology converge creating an extraordinary work of art. Perfectly placed in the Village of La Jolla, you will enjoy an exceedingly rare 3,000 sq ft garage with an automobile turntable, custom elevator and  approximately 1,000 sq ft of deck space. Designed by famed architect, Bill Hayer, the home was completed in 2013 & took over 4 years from concept to completion. This is true modern coastal living in a world-class location. A floating walkway leads you to a glass front entry opening up to 4 bedrooms each with en suite baths, including the master suite accented with custom art, striking spherical fireplace and an outdoor patio to enjoy your morning coffee and news. Outdoor features include terraces/patios, water features, kitchen/BBQ and a rooftop deck.

1257 Silverado St, La Jolla, CA 92037

1257 Silverado St, La Jolla, CA 92037

1257 Silverado St, La Jolla, CA 92037

1257 Silverado St, La Jolla, CA 92037

1257 Silverado St, La Jolla, CA 92037

1257 Silverado St, La Jolla, CA 92037

1257 Silverado St, La Jolla, CA 92037

1257 Silverado St, La Jolla, CA 92037


Today's Top Three San Francisco Luxury Estates
sanfranciscorealestateupdates.com

.

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.

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.






Just completed by Urban Pacific Homes, this home is a masterful expression of modern design. Precision craftsmanship appears at every turn from the multi-level reveals on windows to the perfectly terraced resort-like grounds. The interior design integrates the most extraordinary lighting, wall coverings, and high-end tile selections. Truly designed for indoor/outdoor living, glass doors fully disappear into the walls at the touch of a button on both levels of the home for a seamless connection to covered terraces. Continuing outside, an infinity edge pool and separate spa plus a cabana await the quintessential California lifestyle along with a fireplace, fire pit, and bowls of fire all adding dazzling light reflections for an unmatched ambiance. The utmost in luxury from a sound-proof media/music room to a wine cellar, full bar, fitness center (7 th bedroom), and even an elevator make this truly an unrivaled place to call home in Silicon Valley.  












#2      3922 18th Street, San Francisco-Castro, CA 94114 with 3  bedrooms, 4 baths and 3000 sq.ft. is listed for sale at $3,350,000.

3922 18th St, San Francisco, CA 94114

This spectacular new modern renovation showcases dramatic entertaining spaces, beautiful design elements, expansive outdoor areas, and an unrivaled urban location. This stunning 
home boasts two levels of living space with soaring high ceilings and features 3 Bedrooms, 3 Bathrooms, 2 Half Bathrooms, a stunning main level Great Room, separate formal Dining room, an additional media room, spacious back garden, and an amazing roof sun deck. Located 1 blocks from Dolores Park in one of SF's most coveted neighborhoods, 3922 18th Street is truly a unique opportunity to own an extraordinary modern residence in a highly 
coveted walkable location.

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

3922 18th St, San Francisco, CA 94114

#3      26856 Almaden Court, Los Altos Hills, CA 94022 with 5 bedrooms, 6 baths, and 5,098 sq.ft. is listed for sale at $4,250,000

26856 Almaden Ct, Los Altos Hills, CA 94022

Luxurious Mediterranean Villa with Spectacular SF Bay Views and City Lights sited on 1.03 acres in one of the most prestigious Los Altos Hills areas. Meticulously crafted residence of approx. 5000 sq. ft includes 5 BR/5.5BA, living room, family room, large entertainment room, plus 5 support rooms (like facilities, storages) a total of 10 make this mansion a spacious & most comfortable place for living. Main floor consists of formal living room with marble floor, balcony, bay window with panoramic views, formal office, formal dining room, nook, and large gourmet kitchen connecting family room with wet bar and cherry hardwood cabinets; fireplace. Located only a moment away from highway 280 anddowntown Los Altos, this estate offers a great balance of urban city and natural world in a tranquil rural area

26856 Almaden Ct, Los Altos Hills, CA 94022

26856 Almaden Ct, Los Altos Hills, CA 94022

26856 Almaden Ct, Los Altos Hills, CA 94022

26856 Almaden Ct, Los Altos Hills, CA 94022

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



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














#2      29215 Cliffside Drive, Malibu, CA 90265 with 6 bedrooms, 7 baths, and 9,000 sq.ft. is listed for sale at $19,950,000.

29215 Cliffside Dr, Malibu, CA 90265

Brand new architectural East Coast style estate by Scott Gillen/UNVARNISHED on Point Dume! Located on exclusive Cliffside Drive across from the Point Dume Nature preserve with access to Big Dume beach. Desirable corner lot on over an acre flat with living space in the main house and guest house of over approx 9,000 SQ.FT.. The ocean view main house offers a two story living room, Bulthaup Kitchen, dry aged oak floors and 4 bedroom suites upstairs all with Scott Gillen/UNVARNISHED signature beamed ceilings. Two outdoor deck environments which include an oceanside entertaining area with infinity spa and outdoor kitchen. The massive 90' x 40' pool and deck area separates the main house from the 2BR/2BA guest house with large pool/game room. An amazing theater room, double gates, and 6 car garaged parking make this one of Pt. Dume's premiere compounds. Anticipated completion is Spring/Summer 2017 and delivered fully furnished.

29215 Cliffside Dr, Malibu, CA 90265

29215 Cliffside Dr, Malibu, CA 90265

29215 Cliffside Dr, Malibu, CA 90265

29215 Cliffside Dr, Malibu, CA 90265

29215 Cliffside Dr, Malibu, CA 90265


#3     11797 Chaparel Street, Brentwood, CA 90049 with 5 bedrooms, 5 baths, and 6,052 sq.ft. is listed for sale at $9,450,000.

11797 Chaparal St, Los Angeles, CA 90049

Perfect retreat for a celebrity artist, a professional or a family. Impressive custom-built home behind gates in prime Brentwood location. Home has just been remodeled with new hardwood floor staircase and walkways. New carpeting in 4 bedrooms. Home Set back from the street. 2 story entry opens to spacious formal living room with hardwood floors and fireplace, adjoining dining room looks out to the lush backyard and pool area. Spacious family room with den and sitting area adjoining the newly remodeled kitchen with a top of line appliances and counter tops. Marbled tile floors open out to an entertainers back yard complete with spa and B.B.Q area. Spacious and bright master bedroom with FP and balcony looking out the pool area making it perfect for early morning breakfast on the terrace. Additional 3 bedrooms and bathrooms upstairs. Maids room with bath downstairs.


11797 Chaparal St, Los Angeles, CA 90049

11797 Chaparal St, Los Angeles, CA 90049

11797 Chaparal St, Los Angeles, CA 90049

11797 Chaparal St, Los Angeles, CA 90049

11797 Chaparal St, Los Angeles, CA 90049

11797 Chaparal St, Los Angeles, CA 90049




Today Top Three Seattle Luxury Estates
seattleluxuryrealestateupdates.com



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     816 101st Avenue SE, Bellevue, WA 98004 with 6 bedrooms, 6  baths, and 
4,812 sq.ft. is listed for sale at $2,499,950.



You'll Find City Views and Room for Everyone in This New Luxury JayMarc Home,The San Tropez!10 Foot Ceilings on Main,Walls of Windows Provide A Light & Bright Home!Chef's Kitchen w/Huge Island,Wolf, Sub Zero Appliances,Granite,Quartz & Designer Tile Throughout,Expansive Moldings & Custom Built-ins,Mud Room,Open Great Room Concept w/ Covered Deck w/Views!Daylight Basement w/Bed,Bath,Bonus Room & Covered Patio.Big Yard w/Many Entertaining Areas!JayMarc is Houzz Winner of Best Customer Service 2016









#2   134 Hucklebery Lane, Seattle-Blue Ridge, WA 98177 with 4 bedrooms, 7 baths, and 7,470 sq.ft. is listed for sale at $4,100,000.


Recognized among the most significant homes in the Pacific Northwest, Arthur Erickson designed residence on 6.1 acres is a masterpiece of space and light. Tall ceilings, lustrous white polished concrete & glass ceilings lend a fantastic backdrop to luxurious and elegant living. The continuity of design and open floor plan creates an exceptional transition from public to private spaces. Mountain and sound views, swimming and reflection pools, and a sculptural meadow enhance this rich woodland setting.




















































































#3      4560 52nd Ave NE, Seattle, WA 98105 with 5 bedrooms, 4 baths, and 
4,208 sq.ft. is listed for sale at $2,150,000.

4560 52nd Ave Ne, Seattle, WA 98105

Traditional Tudor style home restored and updated while preserving the integrity of the original estate. High end finishes, gleaming hardwood floors, lead paned windows, built-ins and views from almost every room! Highlights include the sensational kitchen opening to a family room and view deck perfect for outdoor entertaining. 4 bedrooms upstairs including a master suite with vaulted ceilings, juliette balcony and  5 piece bath. Lower level with guest room and  rec room. Manicured grounds and a 2 car garage.

4560 52nd Ave Ne, Seattle, WA 98105

4560 52nd Ave Ne, Seattle, WA 98105

4560 52nd Ave Ne, Seattle, WA 98105

4560 52nd Ave Ne, Seattle, WA 98105

4560 52nd Ave Ne, Seattle, WA 98105

4560 52nd Ave Ne, Seattle, WA 98105

4560 52nd Ave Ne, Seattle, WA 98105


Today's Best Real Estate Humor








 
Let's go look!   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