Friday, December 2, 2016


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

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"The exact definition of the word "mansion" varies but in U.S. real estate terms, it generally defined  as single family residence of more then 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 Mansions 
www.todaysbestmansionsforsale.com  
  
#1     210 Kalaheo Avenue, Kailua, Hawaii with 8 bedrooms, 8 baths, and 10,384 sq.ft. is listed for sale at $24,980,000

This is one of Oahu's most significant beachfront estates and is unrivaled in size and quality of workmanship. Astonishing luxury and resort like amenities highlight the 17,333 square feet of covered living on approximately 1.5 acres. Privately gated and set among tropical gardens, the 3 bedroom guest house leads to the grand entrance of the 5 bedroom main residence. The main living area is an estate unto itself focused around the waterfall pool and entertainment cabana that opens to the main house. The Hawaiian lifestyle is punctuated by the indoor/outdoor space and masterful blending of lanais and interior living. Just beyond the great room, main kitchen, and master suites, lies world famous Kailua Beach, renowned for its white sand, water sports, and beautiful setting with offshore islands and Koolau mountains. Kailua is a thriving beach community with shops and restaurants that is 20 minutes from all of Honolulu's amenities.

210 Kalaheo Ave, Kailua, HI 96734











  • Today's Top Real Estate News

    The Next Big Thing: Healthy HomesBuyers are demanding--and paying more for--homes that don't make them sick.

    By Robbin Griggs Lawrence


    Designed by Tom Bassett-Dilley Architect and built by Evolutionary Home Builders, this Passive House-certified home in Illinois features nontoxic finishes and materials, Greenguard-certified drywall, unfinished salvaged wood, and continuous filtered ventilation. The owners put a premium on healthy indoor air quality due to a family member's allergies.
    Eric Hausman Photography Designed by Tom Bassett-Dilley Architect and built by Evolutionary Home Builders, this Passive House-certified home in Illinois features nontoxic finishes and materials, Greenguard-certified drywall, unfinished  salvaged wood, and continuous filtered ventilation. The owners put a premium on healthy indoor air quality due to a family member's allergies.
    When Meritage Homes began to ask its average buyer, a 36-year-old mother of three, how it could create better value in 2009, the subject of health kept coming up. Moms were worried about kids with allergies and concerned about soaring child asthma rates. They’d read that environmental toxins could disrupt children’s hormone development and watched HGTV shows about people building houses that promote wellness. They said they had enough to think about without having to worry about mold, offgassing, and radon.

    Their answers caught company executives off guard. “I kind of missed how important this was initially because I never asked,” says C.R. Herro, vice president of energy efficiency and sustainability for Meritage. “Most builders don’t appreciate how much value they’ll get by going down this road. Talking to people about taking care of how their family feels and offering them better lifestyles is a self-supporting, smart business strategy.”


    The Passive House model made sense for the healthy home since it provides continuous, filtered ventilation and ultra-low-energy consumption through economical means.

    Eric Hausman Photography The Passive House model made sense for the healthy home since it provides continuous, filtered ventilation and ultra-low-energy consumption through economical means.
    In 2014, as a result of this research, Meritage began to add features that improve airflow and reduce toxins in its homes, including better air filters, whole-house water treatment, and low-emitting materials. Salespeople now ask buyers about respiratory issues, which makes sense because 17.7 million adults and 6.3 million children in the U.S. have asthma and more than 50 million Americans suffer from allergies.

    At Chicago-based Evolutionary Home Builders, health is a foundational pillar. Brandon Weiss founded the company in 2005 after experiencing healthier green buildings while playing professional basketball in Europe. His new line, Evolutionary Pro Homes, is marketed to meet the exacting physical needs of professional athletes. The homes are designed and built to provide more oxygen, fresh air, and negative ions than traditional homes while reducing toxins and allergens. 

    Weiss says doctors have recorded health metrics of athletes pre- and post-occupancy to show how improved indoor environments enhance performance. His company is already in conversation with athlete home buyers and a home builder in another market with an athlete client who is interested in consulting and branding. “Our customers definitely seek us out for what we have to offer,” Weiss says.

    Across the country, home builders large and small are working to determine whether healthy building standards are important for their buyers. Many building pros have been reluctant to offer health and wellness features because they think they will cost more, interfere with schedules and budgets, and lead to conversations with clients about things they don’t understand. But builders who have already stepped into the healthy home arena say these concerns are becoming non-issues


    Today's Top LA Luxury Estate

    http://s3.amazonaws.com/medias.photodeck.com/a45c171a-8b44-11e3-ae03-07f23d345dbd/MG-5279-Los-Angeles-Skyline-Photo_xgaplus.jpg







    The median home value in Los Angeles County is $532,800. Los Angeles County home value 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 have gone
     up 4.7% over the past year and Zillow predicts they will rise 0.2% within the next year.
        

    #1     130 Granville Avenue, Brentwood, CA 90049 with 5 bedrooms, 6 baths and 6,359 sq.ft. is listed for sale at $6,795,000.



    Newly constructed, breathtaking modern masterpiece is truly exceptional! Curb appeal features grass paver driveway, front lawn, and inviting walkway. Stunning entrance opens to 12-foot ceilings, wide plank French Oak floors, and walls of glass. Living room boasts sliding Fleetwood glass pocket doors to the outside grounds. Gourmet Chef's kitchen featuring Absolute quartz countertops, center island, Miele appliances, 2 wine refrigerators, walk-in pantry, custom integrated refrigerator, & dual sink. Exquisite upstairs master suite boasting fireplace, wraparound private balcony, and master bathroom complete with veined walls, separate his/her vanities, soaking tub, and standing glass rain shower. 4 guest bedrooms feature ensuite baths and private balcony access. Entertain year-round with sparkling pool with water feature, covered outdoor patio, and pool cabana. Additional luxuries include media room, 2-car garage, Control4 system, indoor/outdoor surround sound, and upstairs laundry room
































    Today's Top Phoenix Luxury Estate
    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      7116 N 47th Street, Paradise Valley, AZ 85253 with 5 bedrooms, 5 baths, and 7,832 sq.ft. is listed for sale at $2,850,000.


    Stunning private gated estate w/ dramatic Mummy, Camelback & Quartz mountain views from nearly every room in the home! This gorgeous custom-built gated estate boasts an open floor plan, soaring high ceilings, high end technology systems & highly upgraded finishes! This palatial Chef's kitchen w/ island is sure to delight your family & friends! Enjoy cooking with your Wolf appliance pkg including the beautiful duel fuel gas range & double ovens! This fabulous kitchen opens to the over-sized great room w/ a built-in entertainment center & lg. casual eating area. Formal living & dining rms are open to the great rm--creating lots of amazing entertaining areas for easy living! Resort style backyard includes a huge pool and spa with rock waterfall and fire features---all with a huge ''WOW'' factor


















    Today's Top San Diego Luxury Estates

    Image result for san diego skyline pictures

    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.

    #1     1954 Via Casa Alta, La Jolla, CA 92037 with 5 bedrooms, 8 baths, and 6,781 sq.ft. is listed for sale at $5,995,000.

    1954 Via Casa Alta, La Jolla, CA 92037

    Immerse yourself in a scenic wonderland of unparalleled beauty. Step out onto your secluded patio and experience La Jolla the way you've always imagined. A sweeping panoramic north shore view from Del Mar to the shores of Dana Point and everything in between. The mystique of La Jolla and glamour of Prospect Street is at your fingertips. At the pinnacle of La Jolla sits a property unlike any other in Southern California

    1954 Via Casa Alta, La Jolla, CA 92037

    1954 Via Casa Alta, La Jolla, CA 92037

    1954 Via Casa Alta, La Jolla, CA 92037

    1954 Via Casa Alta, La Jolla, CA 92037

    1954 Via Casa Alta, La Jolla, CA 92037

    1954 Via Casa Alta, La Jolla, CA 92037

    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     1340 Ranchita Drive, Los Altos, CA 94024 with 5 bedrooms, 4 baths, 
    and 4,787 sq.ft. is listed for sale at $4,998,000

    1340 Ranchita Dr, Los Altos, CA 94024

    A delightful estate home that is only 14 years old. Impressive interior design with top-quality finishes and attention to detail. A wrap-around covered porch looks out onto a large front yard with a quiet street. Brick covered patio opens out to lawn area, pool and spa. Top Los Altos schools

    1340 Ranchita Dr, Los Altos, CA 94024

    1340 Ranchita Dr, Los Altos, CA 94024

    1340 Ranchita Dr, Los Altos, CA 94024

    1340 Ranchita Dr, Los Altos, CA 94024

    1340 Ranchita Dr, Los Altos, CA 94024


    1340 Ranchita Dr, Los Altos, CA 94024




    1340 Ranchita Dr, Los Altos, CA 94024



    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     13640 NE 37th Place, Bellevue, WA 98005 with 5 bedrooms, 6 baths, and
     9,636 sq.ft. is listed for sale at $3,900,000.

    13640 Ne 37th Pl, Bellevue, WA 98005

    Sitting majestically on a gently sloping 1.3 acre lot, in a private, gated cul-de-sac, this home exudes quality and luxury. The grand rooms offers living at its finest and takes entertaining to a new level. Features include an incredible, kitchen with 2 cooking islands. An imposing 22 ft. stone fireplace is the showcase for the family room. The library is stunning and connects to dual offices. The sound proof media room was recently updated with the best in the industry. Timeless and classic.

    13640 Ne 37th Pl, Bellevue, WA 98005

    13640 Ne 37th Pl, Bellevue, WA 98005

    13640 Ne 37th Pl, Bellevue, WA 98005

    13640 Ne 37th Pl, Bellevue, WA 98005

    13640 Ne 37th Pl, Bellevue, WA 98005


    13640 Ne 37th Pl, Bellevue, WA 98005

    13640 Ne 37th Pl, Bellevue, WA 98005

    Mortgage Rates Daily Update                                                                  52 Week


    ProductTodayYesterdayChangeLowHigh
    30 Yr FRM4.24%4.13%+0.113.34%4.24%
    15 Yr FRM3.45%3.34%+0.112.69%3.45%
    FHA 30 Year Fixed3.95%3.80%+0.153.15%3.95%
    Jumbo 30 Year Fixed4.25%4.19%+0.063.41%4.25%
    5/1 Yr ARM3.07%3.02%+0.052.80%3.10%
    Updated: 12/1/16 3:37 P
    Mortgage Rates Surge Above 2-Year Highs
    Dec 1 2016, 4:02PM


    Mortgage rates spiked abruptly today, bringing them to the highest levels in well over 2 years.  The average lender is now quoting conventional 30yr fixed rates of 4.25% on top tier scenarios with more than a few already up to 4.375%.  You'd have to go back to the summer of 2014 to see a similar mortgage rate landscape. 

    (NOTE: Freddie Mac's widely-cited primary mortgage market survey, released today, showed a 0.05% increase week-over-week.  That increase is actually fairly close to the true week-over-week increase, but only if you're using last Wednesday or Friday as your baseline.  Freddie's baseline was Mon/Tue--shorter than normal due to the holiday week.

     Additionally, Freddie's survey doesn't capture today's rate spike, which was roughly 0.10%.  The bottom line is that many borrowers will be seeing rates that are .125-0.25% higher this week versus the beginning of last week.  By my calculations, if rates didn't change at all in the coming week, Freddie's next survey would likely be 0.08% higher.)  

    The situation is all the more troubling considering the fact that rates weren't too far above all-time lows less than a month ago.  The pace of losses has only been seen 2 other times in the last 30 years (in 1987 and 1996).  For the record, 2013's taper tantrum resulted in a bigger rate spike than we're seeing currently, but it took more than twice as long to play out.

    There were no 4-week periods of time in 2013 that compare to rise in rates seen over the past 4 weeks.  For those who recall the vicious rate spike at the end of 2010, the current pace is just a bit faster.  

    The higher rates go--the more the boundaries of past precedent are stretched, the more likely we are to see a rebound.  The catch is that there's no way to know when that rebound will happen until it's underway.  That makes floating very dangerous, and locking potentially very frustrating (because it's clearly the safer bet since the election, but increasingly runs the risk of being ill-timed).  

    Loan Originator Perspective


    Some people may think its funny, but they are terribly wrong.  When borrowing costs move higher, this much, this fast, it is toxic to many areas of the economy.  Unfortunately it takes a while to surface.  Locking in is the only option at this time.  Sure, this can all change, but for now, the only play is defense.  Take what you can and move along.  It's too bad that mortgage rates for average families buying a home are so volatile....really shouldn't be this way for them.  -Gus Floropoulos, VP, The Federal Savings Bank

    Bonds continued to wilt under strong selling pressure today, and yields rose past previous support levels.  It's time to concede that rates are rising, it's no longer a question of this just being a short term phenomenon.  I'll continue locking as soon as I have the necessary info, every loan in process is locked, and I'm sure glad for that! -Ted Rood, Senior Originator

    Today's Best-Execution Rates

    • 30YR FIXED - 4.25%
    • FHA/VA - 4.0%
    • 15 YEAR FIXED - 3.375-4.5%
    • 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.glasbergen.com/wp-content/gallery/cartoons/toon-1687.gif               .

           
    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