Friday, March 10, 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     121 Undine Way, Bel Air, CA 90077 with 6 bedrooms, 9 baths and 10,000 sq.ft. 
is listed for sale at $35,000,000.

121 Udine Way, Los Angeles, CA 90077

Completely private and located behind gates on a very prime Bel Air cul-de-sac. An extraordinary, just completed Contemporary Mediterranean estate built with a level of quality & taste above and beyond, blending state of the art details and timeless design. Extremely dramatic with incredible scale throughout, all rooms directly overlooking the most spectacular rolling green lawns of Bel Air Country Club. Flooded with natural light and beautifully proportioned open spaces. Stunning two-story entry with sweeping staircase, incredible walls for art. Beautiful step down living room, spectacular media room, paneled library, over sized formal dining room, gourmet eat in kitchen w/commercial appliances. Featuring a very luxurious master suite w/sitting room & separate his & her bathrooms and closets. 4 more bedroom suites, swimmers pool, spa, wonderful outdoor areas for large scale entertaining plus gym, staff room, circular motor court & 5-car garage. 

121 Udine Way, Los Angeles, CA 90077

121 Udine Way, Los Angeles, CA 90077

121 Udine Way, Los Angeles, CA 90077


121 Udine Way, Los Angeles, CA 90077

121 Udine Way, Los Angeles, CA 90077

121 Udine Way, Los Angeles, CA 90077

121 Udine Way, Los Angeles, CA 90077

121 Udine Way, Los Angeles, CA 90077

121 Udine Way, Los Angeles, CA 90077

121 Udine Way, Los Angeles, CA 90077

121 Udine Way, Los Angeles, CA 90077

Today's Top Real Estate News

Real Estate Is Booming Wherever Pot Is Legal

By Barry Roth
Business Insider
legal marijuana states thumbnails 05





























Barry Habib, the founder and CEO of MBS Highway, says the hottest real estate markets in the United States have something unique in common. “I don’t know what the reason is on this,” says Habib, “but wherever marijuana is legal, all of those markets are on fire… it’s Seattle, it’s Portland, it’s Denver—these are the hottest markets!”

In a wide-ranging interview with RiskHedge’s Jonathan Roth, Habib also addresses the impact he believes a rumored interest rate hike later this month will have on the US real estate market.

“When you look at the overall environment, the levels of inventory are so darn low,” explains Habib. “We hear it everywhere—I speak around the country; my finger is really on the pulse—the biggest complaint is such low inventory. And, at the same time, the demand is very high.”

Recently awarded the Crystal Ball Award by Zillow for his accurate real estate forecasting record, Habib isn’t shy about discussing ideas that have yet to hit the mainstream. Despite the market’s anticipation that interest rates will slowly rise over time, in the interview, Habib lays out a realistic scenario where rates could actually decline.

“If the Fed becomes overly aggressive in hiking rates… and they start to drain money out of the stock market, interest rates could actually decline,” says Habib. “If they’re perceived to be really combatting inflation to where inflation moves a bit lower, interest rates could actually—as crazy as it sounds—decline in an environment where the Fed is hiking and where they’re either close to the curve or ahead of the curve.”


Despite many observers seeing President Trump moving the Federal Reserve in a more hawkish direction, Habib isn’t convinced.


“It’s interesting with Trump because sometimes he tends to be the Trump who gets things riled up and talks about how critical he’s been of the Fed,” explains Habib. “But then as President, maybe it’s not in his legacy’s best interest to be the President that appoints such a hawkish voting Fed group that they really take the punch bowl away, perhaps a little too early, on the stock market.”   



Today's Mortgage Rates                                                           
                                                                                                                           52 Week 
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.35%4.32%+0.033.34%4.38%
15 Yr FRM3.57%3.55%+0.022.69%3.58%
FHA 30 Year Fixed4.00%3.95%+0.053.15%4.10%
Jumbo 30 Year Fixed4.53%4.50%+0.033.42%4.53%
5/1 Yr ARM3.16%3.14%+0.022.80%3.25%


 30 Year Fixed Rate Mortgage History



Mortgage Rates Keep Pushing 2017 Highs
Mar 9 2017, 5:38PM

Mortgage rates rose again today, bringing them further into the highest levels of the year.  If there's anything redeeming about the move it's that it wasn't nearly as abrupt as yesterday.  In fact, several lenders were fairly close to yesterday's offerings.  The average lender is back up to 4.375% on top tier conventional 30yr fixed quotes.  A few remain at 4.25% and some are already up to 4.5%.

Bond markets (which underlie rate movement) are feeling pretty pessimistic right now, primarily due to the recent and rapid increase in Fed rate hike expectations.  Beyond that, things like economic data have the potential to drive nails deeper into coffins.  We saw stark  evidence of that with Yesterday's ADP employment numbers (much stronger than expected) fueling speculation for a similarly strong performance from tomorrow's big jobs report.  We can assume that there's more room for rates to move higher if the jobs report validates those fears (or "hopes," if you want to look at it from an economically positive standpoint), but we could catch a temporary break if job creation is weaker than expected.

Loan Originator Perspective


Another day, another small step towards higher rates.  I almost expect daily losses now, which is never the ideal scenario.  Even though the 10 year treasury auction posted typical results, they weren't enough to generate follow through bond demand.  Locking early remains the smart option as far as I'm concerned.  The trend is still NOT our friend.  -Ted Rood, Senior Originator

We have the all important Jobs Report tomorrow with indications it could be a strong number based on a much higher ADP report yesterday.  While it's likely that this has been priced into current levels rate pressure has been higher virtually every day for well over a week.  This might make you think we're due for a bounce lower and while that is always possible I think the trend is not our friend at the moment and locking your rate at application makes the most sense.  Protection and just "hope for the best" makes the most sense to me. -Hugh Page, Mortgage Banker, SeacoastBank

Today's Best-Execution Rates

  • 30YR FIXED - 4.375%
  • FHA/VA - 4.0-4.25%
  • 15 YEAR FIXED - 3.5-3.625%
  • 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). 
Today's Top LA Luxury Estate  Listed For Sale


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      13023 W Sunset, Brentwood, CA 90049 with 5 bedrooms, 9 baths, and 11,740 sq.ft. is listed for sale at $11,995,000.

13023 W Sunset Blvd, Los Angeles, CA 90049
This amazing newer construction estate is situated on two lots, totaling nearly one acre, in Brentwood Park. Built in 2014, this gated home features five bedrooms and nine bathrooms. The main level offers a stunning formal entry, living room, family room, dining room, and office. The chef's kitchen has top-of-the-line appliances and a butler's pantry. The top level features luxurious bedroom suites with sumptuous baths. The bottom level offers a huge entertaining/game room accompanied with a wet bar, state-of-the-art home theater, and a gorgeous wine cellar with tasting room. Other notable amenities include an elevator, dumbwaiter, security alarm and cameras. The jaw-dropping backyard features patios with multiple seating areas, expansive backyard with grass and tile terrace, beautiful in-ground pool, spa and outdoor kitchen. This is Southern California living at its very best. 

13023 W Sunset Blvd, Los Angeles, CA 90049

13023 W Sunset Blvd, Los Angeles, CA 90049

13023 W Sunset Blvd, Los Angeles, CA 90049

13023 W Sunset Blvd, Los Angeles, CA 90049

13023 W Sunset Blvd, Los Angeles, CA 90049

13023 W Sunset Blvd, Los Angeles, CA 90049



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     8001 N Mohave Road, Paradise Valley, AZ 85253 with 5 bedrooms, 7 baths,
 and 8,386 sq.ft.  is listed for sale at $3,495,000.

8001 N Mohave Rd, Paradise Valley, AZ 85253
As you enter through the gracious foyer of this classic adobe estate, you'll know you've arrived someplace very special. Each room has its own distinct flair and beautiful southwest style. The double island kitchen is gorgeous, the breakfast room is surrounded by picture windows that perfectly frame the stunning views, the dining room is loaded with elegance and warmth, both the living room and family room are exquisite, all the bedrooms and baths have unique design elements, and there's a bonus room that is sure to impress anyone who sees it. The home's stylish finishes include gorgeous wood flooring, brick barrel ceilings, exposed beams, outstanding custom tile designs, dramatic lighting, five impressive fireplaces, and fabulous custom cabinetry.

8001 N Mohave Rd, Paradise Valley, AZ 85253

8001 N Mohave Rd, Paradise Valley, AZ 85253

8001 N Mohave Rd, Paradise Valley, AZ 85253

8001 N Mohave Rd, Paradise Valley, AZ 85253

8001 N Mohave Rd, Paradise Valley, AZ 85253

8001 N Mohave Rd, Paradise Valley, AZ 85253


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     18233 Via Ambiente, Rancho Santa Fe, CA 92067 with 6 bedrooms, 8 baths, and 8,478 sq.ft. is listed for sale at $4,995,000 

18233 Via Ambiente, San Diego, CA 92067

Stunning architectural masterpiece nestled high on a hillside in Rancho Santa Fes guard-gated community of Cielo. With stunning panoramic ocean and mountain valley views, this 8,478 sf. modern Italianesque estate resides on 1.13 scenic acres and presents 6 bedrooms, 6 full and 2 half baths, office/library, game room, a formal living room with 25' high ceiling, family room with vanishing sliding doors to the expansive covered loggia, 5 grand fireplaces, a chef's kitchen with professional-grade appliances.

18233 Via Ambiente, San Diego, CA 92067

18233 Via Ambiente, San Diego, CA 92067

18233 Via Ambiente, San Diego, CA 92067

18233 Via Ambiente, San Diego, CA 92067

18233 Via Ambiente, San Diego, CA 92067

18233 Via Ambiente, San Diego, CA 92067

18233 Via Ambiente, San Diego, CA 92067

18233 Via Ambiente, San Diego, CA 92067

18233 Via Ambiente, San Diego, CA 92067

18233 Via Ambiente, San Diego, 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     11627 Dawson Drive, Los Altos Hills, CA 94024 with 9 bedrooms, 6 baths and 13,910 sq.ft. is listed for sale at $12,888,000

11627 Dawson Dr, Los Altos Hills, CA 94024


Rancho San Antonio sits on 5.7 acres with private Western Hills exposure. Behind the gates at the end of a private entrance one approaches a grand circular driveway. Reminiscent of the Santa Barbara/Montecito 30's architecture, the estate has approximately 13,910 sq.ft. of living area that includes a main residence with 6BR and 11BA (5 full/4 half). A grand and spacious living room features virgin redwood beams. The kitchen and formal dining room wing feature an office/board room. Below the kitchen is a servants/guest wing that includes a 5000+ bottle wine cellar, 2BR/1BA, workout room and kitchen. The open loggia leads to a beautiful courtyard/pool area. There is a 2BR/1BA guest/pool house with a 2 fireplaces. Just beyond the pool area is a full size tennis court. One of the most unique features are the garages that can house over 35 cars. There is an additional 4-car detached garage, 3-car attached garage and 2-car carport. If you are a car aficionado, this is the estate for you.

11627 Dawson Dr, Los Altos Hills, CA 94024

11627 Dawson Dr, Los Altos Hills, CA 94024

11627 Dawson Dr, Los Altos Hills, CA 94024

11627 Dawson Dr, Los Altos Hills, CA 94024

11627 Dawson Dr, Los Altos Hills, CA 94024

11627 Dawson Dr, Los Altos Hills, CA 94024

11627 Dawson Dr, Los Altos Hills, CA 94024

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      16 Enatai Drive, Bellevue, WA 98004 with 3 bedrooms, 6 baths, and 5,740 sq.ft. is listed for sale at $3,500,000

16 Enatai Dr, Bellevue, WA

Restful retreat on Lake Washington. A palette inspired by the soothing colors of Northwest skies, the interiors offer sophisticated style at every turn. The expansive gourmet kitchen opens to the great room & dining room overlooking the lake. The serene master suite offers the perfect place to relax & unwind. Enjoy summer afternoons by the pool with friends. Private dock with 76 feet of waterfront. Endless spaces to entertain indoors or out at this fabulous waterfront home on Enatai Drive.
16 Enatai Dr, Bellevue, WA

16 Enatai Dr, Bellevue, WA

16 Enatai Dr, Bellevue, WA

16 Enatai Dr, Bellevue, WA

16 Enatai Dr, Bellevue, WA

16 Enatai Dr, Bellevue, WA

16 Enatai Dr, Bellevue, WA

16 Enatai Dr, Bellevue, WA

16 Enatai Dr, Bellevue, WA

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