Saturday, December 10, 2016


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

www.todaysbestmansionsforsale.com  

Image result for mansions

The exact definition of the word "mansion" varies but in U.S. real estate terms, it generally defined as single family residence of more than 6,000 square feet. Mansion derives through Old French from the Latin word "mansio". The English word "manse" originally defined a property large enough for the parish priest to maintain himself. The word "manor" comes from the same root territorial holdings granted to a lord who would remain there. Therefore, it is easy to see how a "mansion" came to have its meaning.    

Today's Best Mansion

#1     24108 Pacific Beach Highway, Malibu, CA 90264, Build Your Dream Estate on 21.5 acres listed for sale at $60,000,000.

24108 Pch, Malibu, CA 90265

An extraordinary opportunity to own and develop the most legendary knoll boasting apx 24 acres above Malibu Colony. Coastal development permits have been obtained to create a 5 home guard gated compound with 360 degrees of the most spectacular white water, coastline, island, mountain and city light views. The individual high estates range from 9, 500 to 11, 500 with 1, 000 sf basements designed by the world famous Richard Landry A.I.A. The lots range from 2.45 to 5.78 acres with large flat areas and spectacular views. GRAND (not sold separately - homes height limit is 18')
     
24108 Pch, Malibu, CA 90265

24108 Pch, Malibu, CA 90265

24108 Pch, Malibu, CA 90265

24108 Pch, Malibu, CA 90265

24108 Pch, Malibu, CA 90265

Today's Top Real Estate News      

Fed to hike interest rates next week while ignoring the elephant in the room,

By Greg Robb

Market Watch



Yellen likely won't comment on how a Trump presidency changes her outlook. The Federal Reserve Chair womam, Janet Yellen will hold a news conference next Wednesday.

The Federal Reserve is going to raise interest rates next week, but shy away from the bigger question looming for financial markets: How does the shock outcome of the presidential election change the economic landscape?

The Fed is widely expected to announce an increase in the target range for its federal funds rate to 0.5%-0.75% when its two-day meeting wraps next Wednesday, analysts agree. It will be the first increase of 2016, a year once expected to produce at least a couple of rate adjustments. The stock SPX, +0.59%  and bond markets TMUBMUSD10Y, +0.00%  have a quarter-point move baked in the cake.

At the same time, Fed officials are expected to duck questions about how the upcoming Trump administration’s plans for fiscal, trade and regulatory policies will impact the economy and the central bank’s policy outlook.

“I would expect them to keep as low a profile as humanly possible,” said Vincent Reinhart, chief economist for Standish Mellon in Boston.

“They don’t want to be seen as influencing policy, either as cheerleader or expressing doubts,” he added.

The Fed has already shown a desire for staying out of presidential politics. It included no mention of the election in the minutes of its September or November meetings, Reinhart noted.

Fed Chairwoman Janet Yellen wants to avoid the recent experience of Bank of England Governor Mark Carney, who came under fire from Brexit supporters for comments he made during, and after, the referendum campaign that ultimately ended with a vote for the U.K. to
split with the European Union. And the Fed doesn’t want to whip up Republicans in the House and Senate who are eager to clip the central bank’s wings, analysts said.

Fed officials are not likely to change their economic forecasts or their projections for interest rates over the next three years, economists said. At the moment, the central bank is penciling in two rate hikes in 2017, and three rate hikes each in 2018 and 2019. Markets scan the Fed’s “dot plot” to extract a snapshot of Fed thinking on economic and policy projections.

Any forecasts beyond mid-2017 will be basically ignored by the market, analysts say. By then, the Trump administration could have put its initial stamp on the central bank, filling the existing two vacancies on the seven-member Fed board of governors.
At the moment, the market does not expect another rate hike until June.

But there are growing expectations that higher interest rates may be needed, and perhaps sooner. Bond yields and the dollar DXY, +0.47%  have risen in the wake of the election in part due to expectations of a more active Fed.

Congress is expected to press ahead with tax cuts next year and rate hikes could be needed to keep this stimulus from becoming inflationary.

“The market reflects optimism about the future for economic growth, but the Fed is going to be overly cautious of latching on to that reality,” said Tom Simons, an economist at Jefferies in New York.

For Yellen, the end of her tenure at the Fed is only 14 months away. Republican insiders think it is highly unlikely Trump will offer Yellen another term at the helm of the central bank.
Analysts think Yellen won’t leave early and will follow her policy instincts until the end.
“She’s got a pretty stiff spine. She’ll stand up to any tweets or commentary,” said Kevin Logan, chief economist at HSBC Global Research.  With two hikes seen next year, the Fed is likely to space them out from June to December, Logan said.

“The general plan is to gradually move the rate up as appropriate, given the data they are faced with,” he added.








Today's Top LA Luxury Estate

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The median home value in Los Angeles County is $542,600. Los Angeles County home values have gone up 7.1% over the past year and Zillow predicts they will rise 1.8% within the next year. 

The median home value in Brentwood, 90049 is $2,420,500. 90049 home values have gone up 8.4% over the past year and Zillow predicts they will rise 1.7% within the next year.


The median home value in Malibu is $2,782,400. Malibu home values have gone up 3.5% over the past year and Zillow predicts they will rise 0.6% within the next year.


The median home value in Beverly Hills is $2,930,800. Beverly Hills home values have gone up 1.9% over the past year and Zillow predicts they will rise 0.4% within the next year.

The median home value in Bel Air is $3,258,800. Bel Air home values have gone up 4.1% over the past year and Zillow predicts they will rise 0.8% within the next year

#1       9885 Carmelita Avenue, Beverly Hills, CA 90210 with 6 bedrooms, 6 baths, and 5208 sq.ft. is listed for sale at $7,959,000.



Spectacular Traditional/Colonial Styled Custom Rebuilt Home in Prime Flats of Beverly Hills. This renovated "Smart Home" boasts of 5 bedrooms, 5 ~ baths, formal living room, formal dining room and sophisticated library. The estate offers luxury & comfort with details of hardwood & French doors throughout, 5 fireplaces & family room. The huge Chef's kitchen with top-of-the-line appliances includes a custom Viking range & built-in refrigerator. The master retreat opens to an oversized terrace overlooking the serene backyard. The resort style backyard is perfect for relaxing & entertaining with a cabana next to the zero-edge pool & spa, covered patio with fireplace, sound system & plasma TV. ~The permitted designer guest house is a plus and a perfect retreat for guests1 bedroom 1 bath full kitchen 1 Living Room & fireplace. With the new Waldorf Astoria Hotel almost completed and in walking distance, this makes the property even more desirable.













Today's Top Phoenix Luxury Estate

Image result for phoenix skyline photos
The median home value in Scottsdale is $413,200. Scottsdale home values have gone up 4.3% over the past year and Zillow predicts they will rise 1.8% within the next year.

The median home value in Carefree is $729,500. Carefree home values have gone up 3.6% over the past year and Zillow predicts they will rise 1.7% within the next year.


The median home value in Paradise Valley is $1,590,000. Paradise Valley home values have gone up 1.8% over the past year and Zillow predicts they will rise 1.4% within the next year.
#1     7120 N 46rh Street , Paradise Valley, AZ 85253 with 5 bedrooms, 6  baths, and 6,678 sq.ft. is listed for sale at $4,500,000.


  
Do you want privacy? Located on 2 acres in prestigous PV, this home has views of Camelback Mtn, it has an electronic security gate that leads to a long driveway and lush landscape. Contemporary home was completely rebuilt in 2004. 8 A/C units, 2 security systems, dual water tanks for amped up water pressure. Entertainers Dream with patios, outdoor firepl, gas firepit, built-in BBQ, Negative edge pool, spa, sport court, putting green & Mtn & City views. Wood floors, top-o-the-line appliances in Gourmet kitchen. Cooling drawers, warming drawers, extra oven. Full Refer and Freezer. Master Suite with his and hers huge closets,one with vanity, Shower with door to outside shower and private courtyard, office and gym. Enjoy the game rm with a huge wet bar. 



















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Today's Top San Diego  Luxury Listing
Image result for san diego skyline pictures

The median home value in San Diego County is $524,900. San Diego County home values have gone up 6.4% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in La Jolla, 92037 is $1,464,200. La Jolla, 92037 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 Solana Beach 92075 is $1,326,500. Solana Beach 92075 home values have gone up 10.8% over the past year and Zillow predicts they will rise 3.0% within the next year.

The median home value in Del Mar, 92014 is $1,598,800. Del Mar, 92014 home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.3% within the next year.


The median home value in Rancho Santa Fe is $2,639,500. Rancho Santa Fe home values have declined -5.2% over the past year and Zillow predicts they will fall -1.7% within the next year.


 #1     4809 Linea Del Sol, Del Mar, CA 92014 with 5 bedrooms, 8 baths, and 
5,078 sq.ft is listed for sale at $4,795,000

4809 Linea Del Sol, Del Mar, CA 92014
..
New construction ~ casual elegance meets coastal conveniences. Perched high on the hill, this rsf covenant single story home offers a santa barbara style and a charming detached guesthouse. Featuring the indoor/outdoor feeling with over 6,600 sf of combined space ~ three massive lift n slide doors create an ideal living and entertaining environment. Views extend to the polo fields, hills of carmel valley and  treetops of rsf across a gutter less infinity edge pool. Private westside location.

4809 Linea Del Sol, Del Mar, CA 92014

4809 Linea Del Sol, Del Mar, CA 92014

4809 Linea Del Sol, Del Mar, CA 92014




















4809 Linea Del Sol, Del Mar, CA 92014


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Today's San Francisco Luxury Estate

Image result for san francisco skyline photos

The median home value in San Francisco is $1,116,300. San Francisco home values have gone up 0.8% over the past year and Zillow predicts they will fall -0.0% within the next year.

The median home value in Sausalito is $1,217,500. Sausalito home values have gone up 3.0% over the past year and Zillow predicts they will rise 1.3% within the next year.             


The median home value in Tiburon is $2,383,000. Tiburon home values have declined -0.1% over the past year and Zillow predicts they will rise 1.2% within the next year.


The median home value in Saratoga is $2,367,600. Saratoga home values have gone up 1.3% over the past year and Zillow predicts they will fall -0.3% within the next year.





 #1     18188 Wagner Road, Los Gatos, CA 95032 with  5 bedrooms, 6 baths, and
 4,994 sq.ft. is listed for sale at $3,888,000.

18188 Wagner Rd, Los Gatos, CA 95032

This executive Los Gatos custom-built gated home was built 4 years ago and is ideal for buyers who prefer a modern style. The home has an open floor plan with high ceilings and a stunning chandeliers. Other amenities include: elevator; walnut flooring; Imported Italian windows & doors; sustainable green building; smart lighting controlled from your smart phone; professional chef's kitchen with high end appliances; built-in espresso maker; electrical vehicle charging; multi-zone climate controls; built-in audio/visual controls; outdoors pool; water slide; sports court; climbing wall; gazebo and patio for outdoor cooking and entertaining



18188 Wagner Rd, Los Gatos, CA 95032

18188 Wagner Rd, Los Gatos, CA 95032

18188 Wagner Rd, Los Gatos, CA 95032

18188 Wagner Rd, Los Gatos, CA 95032

18188 Wagner Rd, Los Gatos, CA 95032

18188 Wagner Rd, Los Gatos, CA 95032




Today's Top Seattle Luxury Estates


Image result for seattle skyline photos

The median home value in Kirkland is $595,300. Kirkland home values have gone up 

 15.6% over the past year and Zillow predicts they will rise 6.6% within the next year.

The median home value in Seattle is $611,500. Seattle home values have gone up 14.4% over the past year and Zillow predicts they will rise 6.3% within the next year.


The median home value in Bellevue is $743,500. Bellevue home values have gone up 13.9% over the past year and Zillow predicts they will rise 5.9% within the next year


The median home value in Mercer Island is $1,296,100. Mercer Island home values have 
gone up 13.9% over the past year and Zillow predicts they will rise 5.7% 

The median home value in Clyde Hill is $2,218,000. Clyde Hill home values have gone up 12.3% over the past year and Zillow predicts they will rise 6.0% within the next year.

The median home value in Medina is $2,311,900. Medina home values have gone up 10.4% over the past year and Zillow predicts they will rise 4.8% within the next year.

#1     1726 Evergreen Place, Seattle-Capitol Hill, WA 98122 with 5 bedrooms, 4 baths, and 4,260 sq.ft. is listed for sale at $2,999,000.

1726 Evergreen Pl, Seattle, WA 98122

Gorgeous 1906 Craftsman with over 4260 sq.ft. (does not include finished 3rd story) restored and remodeled to perfection. Beautiful chefs kitchen, top of the line appliances and casual dining area. Entertaining sized living and dining rooms all opening out to an expansive deck with sweeping lake, mountain and Mt. Rainier views. Enjoy these same views from most rooms. 5 large bedrooms, high ceilings, exquisite millwork, hardwood floors and much more. 
2 car gar. Short walk to lake, parks and schools.

1726 Evergreen Pl, Seattle, WA 98122























1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122


Mortgage Rates Daily Update                                                                  52   

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.20%4.15%+0.053.34%4.24%
15 Yr FRM3.40%3.35%+0.052.69%3.45%
FHA 30 Year Fixed3.90%3.80%+0.103.15%3.95%
Jumbo 30 Year Fixed4.25%4.22%+0.033.41%4.25%
5/1 Yr ARM3.06%3.01%+0.052.80%3.10%
Updated: 12/9/16 2:21 PM



Mortgage Rates Rise to 2nd Highest Levels in Over 2 Years
Dec 9 2016, 3:13PM

Mortgage rates rose meaningfully today, with most lenders coming close to the highest levels in more than 2 years (on December 1st).  Keep in mind though, that my daily assessment puts rate movement under a microscope, so "rose meaningfully" is a relative term.  In fact, many lenders are quoting the exact same contract rates today compared to yesterday, with the only deterioration being seen in the form of higher upfront costs (or lower lender credit, depending on the scenario).  Even so, there was enough movement to shift the average lender's top tier conventional 30yr fixed quote up to 4.25% although 4.125% is nearly as prevalent.

Today's market movement had to do with investor anxiety heading into a few challenging days at the beginning of next week.  In addition to the Fed announcement on Wednesday, Treasury auctions (Where the government sells bonds to investors directly, typically a Tue/Wed/Thu affair) are packed into the first 2 days of the week.  Bond market movement (which drives interest rates) is all about supply and demand.  When supply is more challenging, it puts upward pressure on rates.  Moving the bond market's key source of "supply" ahead in the calendar and condensing 3 days of supply into 2 definitely makes supply more challenging.

The bottom line is that bond markets are anxious, and that anxiety is being managed by selling bonds.  It could absolutely still be the case that bond traders are interested in keeping rates from moving above recent highs, but we won't have a great sense of that until the middle of next week.  The blanket advice for any new loans is to lock in this environment.  That said, risk-takers might consider the fact that 10yr Treasury yields (a good proxy for momentum in longer-term rates, like mortgages) have yet to break above 2.50%, despite facing maximum anxiety this afternoon.  2.50% could be used as line in the sand that lets risk-takers know it's time to lock.

Today's Best-Execution Rates
  • 30YR FIXED - 4.25%
  • FHA/VA - 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 

.http://www.rackafracka.com/wp-content/uploads/2010/06/open-house-.jpg.

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