Monday, February 27, 2017


Today's Best Mansion 

The definition of the word "mansion" varies but in U.S. real estate terms, it generally defined as single family residence of more than 8,000 square feet. Mega Mansion range from 20,000 sq,ft. and Super Mansions over 50,000 sq.ft. Until the mid 20th century most "mansions" would have a hall, two or three salons or drawing rooms, library, billiards room, ball room, dining room, breakfast room, morning room, study and numerous bedrooms but only 2-3 bathrooms.

#1     1690 San Remo Drive, Pacific Palisades, CA 90272 with 7 bedrooms, 13 baths, and 15,642 sq.ft. is listed for sale at $38,000,000



This Exquisite home reminiscent of the great manor homes of 18th century England resides on over an acre of land in the Pacific Palisades Riviera. Captivating views include the Pacific Ocean, downtown skyscrapers, San Gabriel Mountains, & Getty Museum. This home has a traditional floor plan w/ center entrance hall, gracious Living room, large gallery, library, formal dining room, eat-in chefs kitchen & butler's pantry, wood paneled family room & breakfast room, lavish master suite, state-of- the- art theatre, gym, staff quarters w/separate kitchen, offices, play room, pool, spa, including 7 beds & 13 baths. Spacious gardens w/ commanding views are ideal for entertaining & cozy private porches w/ hidden patios create a rambling wonderment of elegant living. This crÃf¨me de la crÃf¨me estate is for the most discerning buyer. This is the JEWEL of the RIVIERA.  














Today's Top Real Estate News

10 Happiest States in the U.S.

By Jeanine Skowronski
Credit.comHappy Nation?  

Americans are feeling better these days, at least according to the latest Gallup-Healthways Well-Being Index, an annual ranking of how people in the states view their purpose, social status, financial well-being, community, and physical health.Per Gallup, the nation scored a 62.1 in 2016, a "statistically meaningful improvement" from the scores of 61.7 and 61.6 it achieved in 2015 and 2014, respectively. Scores can fall anywhere between 0 to 100. The higher the score, the happier and healthier we're considered to be.Of course, some states have more chill than others. 
Slide 12 of 12: <strong>Well-Being Score: </strong>65.2

Define Happy ...Gallup's rankings are based on over 177,000 interviews with U.S. adults across all 50 states and the District of Columbia. It was conducted Jan. 2 to Dec. 30, 2016. The index measures five elements of well-being, including:

Purpose: Whether you like what you do each day and are motivated to achieve your goals

Social: Whether you have supportive relationships and love in your life

Financial: Whether your finances are stressing you out.

Community: Whether you like where you live, feel safe and have community pride

Physical: Whether you're in good health with enough energy for your daily to-do list

With this criteria in mind, here are the healthiest and happiest states in the U.S.

10th Happiest State: Texas
Well-Being Score: 63.1

Image result for Texas



9th Happiest State (Tie): Minnesota
Well-Being Score: 63.2   
   <p>3. Minnesota</p> 

9th Happiest State (Tie): Montana
Well-Being Score: 63.2

<p>7. Montana</p>


7th Happiest State: Arizona
Well-Being Score: 63.4   




6th Happiest State (Tie): Vermont 
Well-Being Score: 63.5   

<p>5. Vermont</p>

    

6th Happiest State (Tie): Colorado
Well-Being Score: 63.5    

<p>2. Colorado</p>
            

4th Happiest State: Maine  
Well-Being Score: 63.6 

Image result for maine

3rd Happiest State: South Dakota 
Well-Being Score: 63.7   

 


2nd Happiest State: Alaska
Well-Being Score: 64.0 




Happiest State: Hawaii
Well-Being Score: 65.2

<p>The 10 happiest states in the U.S.: 1. Hawaii</p>


Today's Top LA Luxury Estate  


The median home value in Los Angeles County is $552,600. Los Angeles County home values have gone up 7.1% over the past year, Zillow predicts they will rise 1.1% within the next year.

The median home value in Brentwood, 90049 is $2,534,200. Brentwood home values have gone up 9.8% over the past year.  Zillow predicts they will rise 1.8% with the next year.

The median home value in Malibu  is $2,893,700.  Malibu home values have gone up 6.6% 
over the past year.  Zillow predicts they will rise 2.0 % with the year.

The median home value in Beverly Hills is $3,121,700.  Beverly Hills home values have gone up 4.2% over the past year.  Zillow predicts they will rise 1.1% with the next year.

The median home value in Bel Air is $3,299,900. Bel  Air home values have gone up 4.7% over the past year.  Zillow predicts they will rise 0.5% within the next year.  

#1     1116 Linda Flora Drive, Bel Air, CA 90049 with 5 bedrooms, 6 baths, 
and 5,290 sq.ft. is listed for sale at $7,900,000



Designed by renowned architect Walter Scott Perry in the classic modern Bauhaus tradition, this newly remodeled, 5 bedroom & 6 bathroom contemporary home is sited on a serene, half-acre knoll in Bel Air with sweeping unobstructed views of The Getty, Santa Monica, Catalina and Bel Air canyons.All interior and exterior spaces throughout the home have been thoughtfully transformed, incorporating the finest of timeless materials and finishes, while colors are used to great visual effect, beautifully enhancing the contemporary ambiance and impressive scale of the home by extending the interior outward and the exteriors inward.Rich in exquisite architectural detailing, the home overlooks resort-like grounds to present a secluded, tranquil environment perfect for entertaining and enjoying the outdoor amenities. All the while,resting in comfort and ease as this California Beauty sits atop 23 caissons! 













Today's Top Phoenix Luxury Estate Listed For Sale 

A photo showing the skyline of Phoenix, looking north.  It shows the various buildings of the downtown area, as well as Sunnyslope Mountain in the background

The median home value in Scottsdale is $416,900. Scottsdale home values have gone up 3.5% over the past year. Zillow predicts they will rise 1.5% withiin the next year.

The median home value in Carefree is $758,400. Carefree home values have gone up 5.6% over the past year.  Zillow predicts they will rise 2.6% within the next year.


The median home value in Paradise Valley is $1,611,200. Paradise Valley home values have gone up 2.8% over the past year. Zillow predicts they will 1.6% with the next year.  



#1     11015 E Troon Mountain Drive, Scottsdale, AZ 85255 with 5 bedrooms, 7 baths, and 7,877 sq.ft. is listed for sale at $5,995,000


Nestled up against Troon Mountain, this spectacular custom home sits on 2 homesites spanning almost 9 acres in size and boasts expansive desert and city light views in all directions. The home offers 7877 square feet of indoor living space with endless views from everywhere in the home. In addition to the formal dining room and family room, this home offers 4 bedrooms, all with en-suite baths, walk-in closets, and patio access, and a private guest house (875 SqFt) with living room, gas fireplace, full kitchen, bedroom, full bath and laundry. Also in the main house are 2 offices, game room with full pub-style bar with blue lapis counters and wine room, sun room, craft/work room, storage room, 2 powder rooms for guests, and multiple gas fireplaces.











Today's Top San Diego Luxury Estate Listed For Sale


The median home value in San Diego County is $530,900. San Diego County home values have gone up 6.3% over the past year. Zillow predicts they will rise 2.4% within the next year.

The median home value in La Jolla, 92037 is $1,497,500. La Jolla, 92037 home values have gone up 6.2% over the past year.  Zillow predicts they will rise 1.5% within the next year.

The median home value in Solana Beach 92075 is $1,265,000. Solana Beach 92075 home values have gone up 4.8% over the past year.  Zillow predicts they will rise 1.6% within the next year.

The median home value in Del Mar 92014 is $1,687,600 Del Mar home values have gone up 10.1% over the past year.  Zillow predicts they will rise 2.9% with then next year.

The median home value in Rancho Santa Fe is $2,601,300. Rancho Santa Fe home values have declined -3.7% over the past year and Zillow predicts they will fall -1.6% within the next year.  

#1     6513 Paseo Delicias, Rancho Santa Fe, CA 92067 with 5 bedrooms, 4 baths, and 3,776 sq.ft. is listed for sale at $2,275,000.

6513 Paseo Delicias, Rancho Santa Fe, CA 92067

Fabulous Covenant home set on a private one-acre lot features all that RSF has to offer! This beautiful,remodeled,custom single-level home has hardwood floors throughout,central great room which opens to a spacious kitchen surrounded in cathedral ceilings w/rustic beams all enhanced by an abundance of natural light with multiple windows helping to bring the outside in. All this topped off with a pool & spa on resort-like grounds. Close to schools, trails, the Village and RSF Golf Course.

6513 Paseo Delicias, Rancho Santa Fe, CA 92067

6513 Paseo Delicias, Rancho Santa Fe, CA 92067

6513 Paseo Delicias, Rancho Santa Fe, CA 92067

6513 Paseo Delicias, Rancho Santa Fe, CA 92067

6513 Paseo Delicias, Rancho Santa Fe, CA 92067

6513 Paseo Delicias, Rancho Santa Fe, CA 92067

6513 Paseo Delicias, Rancho Santa Fe, CA 92067


Today's Top San Francisco Luxury Estate Listed For Sale


Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,148,700. San Francisco home values have gone up 1.0% over the past year.  Zillow predicts they will rise 0.4% within the next year.

The median home value in Sausalito is $1,268,200. Sausalito home values have gone up 4.2% over the past year. Zillow predicts they will rise 0.4% within the next year. 

The median home value in Tiburon is $2,499,000. Tiburon home values have gone up 2.1% over the past year.   Zillow predicts they will rise 0.5% within the next year. 

The median home value in Saratoga is $2,388,3200. Saratoga home values have gone up 1.0% over the past year.  Zillow predicts they will fall -0.2% within the next year.       

#1     100 Locust Street, San Francisco-Presidio Heights, CA 94118 with 5 bedrooms,
5 baths, and 4,760 sq.ft. is listed for sale at $6,995,000.


Beautiful corner family home in best Presidio Heights location. 5 Bedrooms, 4 baths, powder room, walk-out garden, 2 car side-by-side garage. Great exposure. This house has not been on the open market for many years and presents beautifully. A Must See!










Today's Top Seattle Luxury Estate Listed For Sale

Image result for Seattle

The median home value in Kirkland is $592,100.  Kirkland home values have gone up 11.5% over the past year.  Zillow predicts they will rise 3.2% within the next year.

The median home value in Seattle is $604,300. Seattle home values have gone up 8.9% over the past year. Zillow predicts they will rise 2.8% within the next year.

The median home value in Bellevue is $752,800. Bellevue home values have gone up 12.7% over the past year. Zillow predicts they will rise 3.4% within the next year. 

The median home value in Clyde Hill is $2,098,300. Clyde Hill home values have gone up 3.4% over the past year. Zillow predicts they will rise 1.4% within the next year 

The median home value in Medina is $2,311,200. Medina home values have gone up 
8.0% over the past year and Zillow predicts they will rise 2.2% within the next year. 

#1     2255 82nd Avenue SE, Mercer Island, WA 98040 with 4 bedrooms, 4 baths 
and 3,908 s.ft. is listed for sale at $2,095,000.



Top-quality construction and high-end finishes thru-out this ideally located home on the North end of Mercer Island. Recently updated w/ new carpets, freshly painted interior, re-finished hardwood floors, and new quartz countertops in kitchen. Kitchen includes Dacor 6-burner cooktop and double oven, Sub-Zero refrigerator, and walk-in pantry. Master suite w/ walk-in closet, private balcony, fireplace, and 6-piece master bath. Great livability in this 3-story home. Perfect for indoor/outdoor entertaining!











Today's Mortgage Rates                                                                           52 Week 

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.12%4.18%-0.063.34%4.38%
15 Yr FRM3.33%3.38%-0.052.69%3.58%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.25%4.30%-0.053.42%4.40%
5/1 Yr ARM3.01%2.99%+0.022.80%3.25%
Updated: 2/24/17 1:25 PM

Mortgage Rates in Line With 2017 Lows
Feb 24 2017, 4:26PM

Mortgage rates moved lower for 3rd straight day (and the 5th time in the past 6 days).  That makes this the best winning streak of the year and it brings rates to the lowest levels of the year (matching February 8th and a few days in early January).  From here, you'd have to go back to mid-November 2016 to see appreciably lower rates.

All that having been said, the range over that time has been fairly narrow--4.125%-4.375% for top tier conventional 30yr fixed rate quotes.  Naturally, today's average lender is at 4.125% although some of the more aggressive lenders are indeed down to 4.0%.  No matter the rate quoted, the important point is that today's rates are noticeably lower than yesterday's.  Even if the NOTE rate is the same, the upfront costs should be lower (thus making for a lower EFFECTIVE rate).

In terms of lock/float strategy, the longer these winning streaks go, the more likely they are to run into resistance.  Granted, the range will break at some point, and it's an acceptable strategy to float and hope this is when we see a break.  But if you're playing the range, it's a good time to lock.

Loan Originator Perspective


Bond markets continued testing the floors of our recent range today, and mortgage pricing improved slightly.  The end of a month typically generates some demand for bonds, which may explain today's action.  10 year treasury yields are nearing 2.30%, the best levels since the end of November.  I'm almost believing this rally has legs, floating may be a viable option for those with some risk tolerance.  Closing within 15 days?  I'd grab the money and lock to avoid any losses next week. -Ted Rood, Senior Originator

Mortgage backed securities are managing quite the rally over the last couple days.  We are currently at 1 month highs.  Lenders have passed along much of the gains but I still think there is cushion there.   If you are happy with today’s pricing, nothing wrong with locking in these recent gains, but I think floating over the weekend might be worth the risk.  Plus, I am never a fan of locking on Fridays. -Victor Burek, Churchill Mortgage

Today's Best-Execution Rates

  • 30YR FIXED - 4.125-4.25%
  • FHA/VA - 3.75-4.25%
  • 15 YEAR FIXED - 3.375-3.5%
  • 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 return to pre-election levels until well after Trump takes office.  Rates can move for other reasons, but it would take something big and unexpected for rates to get back to pre-election levels.
     
  • 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). 
Thanks for reading today's Blog.  Looking for more information?  Have a comment?  Please call, text or email me at 619-944-8749 or furtree@msn.com 

Most importantly, have a great day!

Tom Furino

PS.     

Check out all the featured Best Mansions and Top Luxury Estates in Los Angeles, Phoenix, San Diego, San Francisco and Seattle Listed For Sale anytime at:.
www.todaysbestmansionsforsale.com
www.laluxuryrealestateupdates.com
www.phoenixluxuryrealestateupdates.com
www.seattlerealestateluxuryhomesupdates.com
www.sandiegorealestateflashreport.com
www.sfluxuryrealestateupdates.com