Saturday, March 11, 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      9425 Sunset, Beverly Hills, CA 90210 with 9 bedrooms, 14 baths, and 
8,000 sq.ft. is listed for sale at $45,000,000.

9425 Sunset Blvd, Beverly Hills, CA 90210

An impressive tree-lined private driveway leads to a French country estate in prime A+ location in the heart of Beverly Hills. Nine bedrooms, ten full bathrooms, four half bathrooms, on 1.14 flat acres. Main home plus two separate detached guest houses, 60 foot long resort style pool and spa, north/south facing tennis court, 15 seat home theater, surround sound systems in four additional television viewing areas, state-of-the-art fitness center, seven fireplaces, full professional bar, staff quarters. No expense was spared in this automated smart home with designer kitchen plus secondary kitchen. The extensive remodel includes handmade custom milled cabinetry with the finest details of true old-world craftsmanship blended with modern day conveniences. This turnkey estate comes loaded with every detail thought through.

9425 Sunset Blvd, Beverly Hills, CA 90210

9425 Sunset Blvd, Beverly Hills, CA 90210

9425 Sunset Blvd, Beverly Hills, CA 90210

9425 Sunset Blvd, Beverly Hills, CA 90210

9425 Sunset Blvd, Beverly Hills, CA 90210

9425 Sunset Blvd, Beverly Hills, CA 90210

9425 Sunset Blvd, Beverly Hills, CA 90210

9425 Sunset Blvd, Beverly Hills, CA 90210

9425 Sunset Blvd, Beverly Hills, CA 90210

9425 Sunset Blvd, Beverly Hills, CA 90210

9425 Sunset Blvd, Beverly Hills, CA 90210

9425 Sunset Blvd, Beverly Hills, CA 90210

Today's Top Real Estate News

Proof Daylight Saving Time Is Dumb, Dangerous, and Costly
Bloomberg














If you hate daylight saving time and all the confusion and sleep deprivation it brings, you now have solid data on your side. A wave of new research is bolstering arguments against changing our clocks twice a year.

The case for daylight saving time has been shaky for a while. The biannual time change was originally implemented to save energy. Yet dozens of studies around the world have found that changing the clocks has either minuscule or non-existent effects on energy use. After Indiana finally implemented daylight saving, something that didn't happen until 2006, residents actually used more electricity.

Daylight saving time isn’t just a benign relic of the 1970s energy crisis. The latest research suggests the time change can be harmful to our health and cost us money. The effects are most disruptive in the spring and fall, right after the time changes occur. Clocks in the U.S. will spring forward this year on Sunday, March 12. Most of Europe moves to daylight saving time two weeks later.

The suffering of the spring time change begins with the loss of an hour of sleep. That might not seem like a big deal, but researchers have found it can be dangerous to mess with sleep schedules. Car accidentsstrokes, and heart attacks spike in the days after the March time change. It turns out that judges, sleep deprived by daylight saving, impose harsher sentences.

“Even mild changes to sleep patterns can affect human capital in significant ways,” two Cornell University researchers, Lawrence Jin and Nicolas Ziebarth, wrote (PDF) last year.

Some of the last defenders of daylight saving time have been a cluster of business groups who assume the change helps stimulate consumer spending. That’s not true either, according to recent analysis of 380 million bank and credit-card transactions by the JPMorgan Chase Institute.

The study compared Los Angeles with Phoenix in the 30 days after the March and November time changes. Arizona is a natural test case since it's one of the two states, along with Hawaii, that doesn’t do daylight saving. In the spring, according to the consumer transaction data, the additional hour of evening daylight in Los Angeles managed to slightly boost card spending per person, compared with that in Phoenix, although by less than 1 percent. That spending uptick is swamped by the negative impact of the November time change, which sees the darkened population of Los Angeles spend 3.5 percent less at local retailers.
After the autumn time change, shoppers made far fewer trips to the store, especially during the week. Grocery stores, discount stores, and other retailers bore the brunt, while restaurants and service businesses were mostly unaffected.

In other words, daylight turns out to be a surprisingly large factor in how often workers stop at stores on their way home from their jobs in the evening. “At the end of the day, it’s either dark or light, and [people are] going to make an impulse decision at that point,” Diana Farrell, president and chief executive of the JPMorgan Chase Institute. 

One possible explanation for the sharp spending decline, Farrell said, is that the extra hour of darkness could push more people to shop online rather than in-person. The study looked only at transactions via local retailers.

Daylight saving time may threaten our health, hurt local retailers, and otherwise disrupt our lives. But can anything be done about it?As Hawaii and Arizona show, the U.S. government gives states a choice as to whether to adopt daylight saving time. But states aren't currently allowed to switch to daylight saving time year-round. Last year, 19 bills were pending in state legislatures around the U.S. to end the biannual time change, according to the National Conference of State Legislatures. None passed.Daylight saving is “an example of how sticky policy can be,” Farrell said.

Since the beginning of the year, state legislators have introduced an additional 20 bills on the topic, according to the NCSL. Eleven bills, including proposals in Texas and California, would put states permanently on standard time; nine of the bills aim to make daylight saving time permanent, many of them by urging lawmakers in Washington to change the rules.
That looks unlikely. In a search of bills pending in the U.S. Congress this year and last year, none mention daylight saving.

Today's Mortgage Rates  


Product
TodayYesterdayChangeLowHigh
30 Yr FRM4.35%4.35%--3.34%4.38%
15 Yr FRM3.57%3.57%--2.69%3.58%
FHA 30 Year Fixed4.00%4.00%--3.15%4.10%
Jumbo 30 Year Fixed4.54%4.53%+0.013.42%4.54%
5/1 Yr ARM3.13%3.16%-0.032.80%3.25%
Updated: 3/10/17 4:14 PM
 30 Year Fixed Rate Mortgage History

Mortgage Rates Hold Steady Despite Strong Jobs Data. Here's Why...
Mar 10 2017, 4:14PM

Mortgage rates held steady today, despite a key report from the Labor Department showing stronger-than-expected job creation in February.  Typically, a strong jobs report is bad for rates.  This one likely would have been bad as well, but markets got advance notice from another report earlier in the week.  

Remember Wednesday's ADP data?  It thoroughly trounced the 190k expectation, coming in at 298k.  Given that the ADP data attempts to track/predict the Labor Department's report, rates were able to rise preemptively before this morning's data ever came out.  With the official numbers not quite as stellar as ADP suggested, bond markets (and thus, mortgage rates) were able to hold their ground.

While ground-holding is good, the ground itself could be better.  Rates remain at 2017's highs with the average lender quoting conventional 30yr fixed rates of 4.375% on top tier scenarios.  A few remain at 4.25% and some are back up to 4.5%.

Loan Originator Perspective

Bonds caught a bit of tail wind today, as the NFP jobs report showed solid, but unspectacular job/wage growth.  The bulk of bonds' pricing gains occurred in the afternoon, however, after rate sheets had been issued.  It's probable some lenders will reprice better this PM, just a matter of which ones, and when.  It's far, far too soon to pronounce our rising rate trend over, that will take multiple days of gains.  Unless I see significant pricing improvement this afternoon, I'll float through the weekend, at this point pricing hasn't caught up with this mild rally.  -Ted Rood, Senior Originator

Despite a pretty big beat on the payrolls report, bonds are managing to post some gains ending a long losing streak.   With today being Friday, lenders will be very slow to pass along any gains.   Not so sure we will see much follow through next week with FOMC coming up on Wednesday, but I think I would float over the weekend and evaluate pricing on Monday morning. -Victor Burek, Churchill Mortgage

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     9199 Cotharin Road, Malibu, CA 90265 with 3 bedrooms, 3 baths, on 39 acres is listed for sale a $3,995,000.

9199 Cotharin Rd, Malibu, CA 90265

Ranch in Malibu on 39 + Acres. Adirondack style lodge, stone and wood. Large living room with high beam ceiling, dining room, gourmet kitchen with sub zero and viking stove and library. Tennis court, spectacular swimming pool with waterfall. One two bedroom and two bath guest house with kitchen and another one bedroom and one bath guest house with kitchen. Fully enclosed vegetable garden. Panoramic views and very private.

9199 Cotharin Rd, Malibu, CA 90265

9199 Cotharin Rd, Malibu, CA 90265

9199 Cotharin Rd, Malibu, CA 90265

9199 Cotharin Rd, Malibu, CA 90265

9199 Cotharin Rd, Malibu, CA 90265

9199 Cotharin Rd, Malibu, CA 90265

9199 Cotharin Rd, Malibu, CA 90265

9199 Cotharin Rd, Malibu, CA 90265

9199 Cotharin Rd, Malibu, CA 90265



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     8681 E Old Field Road, Scottsdale, AZ 85266 with 4 bedrooms, 6 baths, and 6,838 sq.ft. is listed for sale at $3,250,000.

8681 E Old Field Rd, Scottsdale, AZ 85266

Located in the guard-gated community of Whisper Rock, this stunning residence is thoughtfully positioned on an elevated lot with some of the best views Whisper Rock has to offer. An open concept plan, this home features the latest finishes, all on one level. Fabulous entertainer's kitchen with furniture grade cabinetry, butler pantry with large wine refrigerator. 4 guest bedrooms in the main house, each with ensuite and walk-in closets. Master suite has his & her walk-in closets and luxurious bath. Custom office with floor to ceiling woodwork. Reclaimed barn wood beams in the great room. Control 4 fully automated lighting and AV control. Smart pool with unique lighting features. Retracting glass doors bring the outdoors in, showcasing the grand pool area & surrounding scenic desert views.

8681 E Old Field Rd, Scottsdale, AZ 85266

8681 E Old Field Rd, Scottsdale, AZ 85266

8681 E Old Field Rd, Scottsdale, AZ 85266

8681 E Old Field Rd, Scottsdale, AZ 85266

8681 E Old Field Rd, Scottsdale, AZ 85266

8681 E Old Field Rd, Scottsdale, AZ 85266

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     8681 E Old Field Rd, Scottsdale, AZ 85266  with 4 bedrooms, 7 baths and 
7,481 sq.ft. is listed for sale at $6,299,950.

8638 Ne 19th Pl, Clyde Hill, WA 98004

Simply the Best! Quality and elegance at its finest. Custom designed Mediterranean Italian Villa. Developers own home. Grand entry and Cathedral ceilings. The premium in materials. Absolutely luxurious floor plan. Formal living and dining rooms with custom columns, reverse lighting, 4 fireplaces, crown moldings, wood wrap and stone floors. Gourmet kitchen with granite slab counter tops, commercial grade appliances and custom cabinetry. Plantation shutters throughout, resort style pool, privacy, etc.

8638 Ne 19th Pl, Clyde Hill, WA 98004

8638 Ne 19th Pl, Clyde Hill, WA 98004

8638 Ne 19th Pl, Clyde Hill, WA 98004

8638 Ne 19th Pl, Clyde Hill, WA 98004

8638 Ne 19th Pl, Clyde Hill, WA 98004

8638 Ne 19th Pl, Clyde Hill, WA 98004

8638 Ne 19th Pl, Clyde Hill, WA 98004

8638 Ne 19th Pl, Clyde Hill, WA 98004

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     24388 Amigos Court, Los Altos Hills, CA 94024 with 8 bedrooms, 9 baths, and 7,000 sq.ft. is listed for sale at $7,588,000 .

24388 Amigos Ct, Los Altos Hills, CA 94024

Close To Town Yet A World Away. In-Town Equestrian Compound- Positioned on approximately 1.76 park-like acres surrounded by majestic redwoods is this stunning contemporary 7000+s/ft compound. Completed between 2006 and 2011. The grounds evoke a Sierra Nevada feel while the one of a kind equestrian facility is unsurpassed in form and functionality. About a mile from downtown and freeway without the noise. This gated and fenced estate epitomizes gracious living with eight total bedrooms and eight and one half baths including an over 1,000 square foot guest home and two sets of finished garages. The corner lot features with two circular driveways, each with two electrically operated gates offers privacy, security and convenience. The main drive provides a stately sense of arrival for family and guests while the side drive is optimal for service and the large 2 level barn and a dressage arena, which can be re-purposed as an automobile connoisseur's sanctuary or a Tennis compound.

24388 Amigos Ct, Los Altos Hills, CA 94024

24388 Amigos Ct, Los Altos Hills, CA 94024

24388 Amigos Ct, Los Altos Hills, CA 94024

24388 Amigos Ct, Los Altos Hills, CA 94024

24388 Amigos Ct, Los Altos Hills, CA 94024

24388 Amigos Ct, Los Altos Hills, CA 94024

24388 Amigos Ct, 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     3810 131st Avenue NE, Bellevue, WA 98005 with 5 bedrooms, 4 baths, and 
6,511 sq.ft. is listed for sale at $2,180,000.

3810 131st Ave NE, Bellevue, WA

Luxury Living in Bridle Trails! Imagine a setting offering the privacy of a shy acre, secret gardens and timeless architecture. Charming courtyard and cobblestone circular drive welcomes you. Expansive floor plan has generous room sizes, newly-refinished hardwoods and extensive millwork. Fabulous Epicurean kitchen opens to both the family room and gracious living room to fit today's lifestyle. Main floor master. Amazingly versatile lower level with guest suite. Inviting outdoor entertaining areas and sport court.

3810 131st Ave NE, Bellevue, WA

3810 131st Ave NE, Bellevue, WA

3810 131st Ave NE, Bellevue, WA

3810 131st Ave NE, Bellevue, WA

3810 131st Ave NE, Bellevue, WA

3810 131st Ave NE, Bellevue, WA

3810 131st Ave NE, Bellevue, WA

3810 131st Ave NE, 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!

Cordially,

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