Tuesday, March 14, 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     6466 North Bay Road, Miami Beach, Florida 33141 with 7 bedrooms, 9 baths, 
and 12,000 sq.ft. is listed for sale at `$25,500,000



This new, contemporary waterfront mansion offers striking magnificence. Elaborate finishes deliver a neoteric dream house. Estimated completion date: 2/16. Features: breathtaking rooftop terrace, elevator, extraordinary landscaping, water features throughout & more. 1st floor reveals 2 BR, movie theatre, 3 family rms, covered outdoor dining & Summer kitchen. The top level boasts his/hers master BR/BA w/ intimate outdoor Terrace, 4 en-suite BR. Cutting-edge smart technology throughout home.



















Today's Top Real Estate News

Spring Has Sprung in the Nation's Housing Markets




By  Jonathan Smoke
Realtor.com

early-spring-houses

Much of the country is looking at one more very big bite of winter before spring officially begins, but for the residential real estate market, spring is already underway—and new home buyers are sprouting everywhere.


Job creation so far this year is 30% stronger than in the same period last year. Unemployment is close to a low of more than nine years. Wages and income are also starting to pick up to growth levels we haven’t seen since 2009
January and February saw rates in line with what we saw at the end of 2016. But in the last two weeks, we’ve seen the average rate for a 30-year conforming mortgage increase by almost a quarter of a point. That’s because the market is expecting the Federal Reserve to raise short-term rates when the board of governors meets this week.

Mortgage rates will likely stay close to this level until we hear more about additional rate increases later this year. The expectation is for three increases this year. If economic data continue to show growth in inflation and wages, those three increases could actually become four.

This means that rates will continue to rise—we’re more likely to see movement of 10-25 basis points in one- to two-week spurts, as new data and new comments from the Fed indicate rate policy changes are imminent.  Those spurts will likely be followed by weeks with little change in rates.

The upside of higher rates is that it is getting easier to get a mortgage. The most widely followed measure of mortgage credit access from the Mortgage Bankers Association indicates that access has expanded 6.5% since September.

Arguably the biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully under contract. That’s because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.

We started the year with the lowest inventory of homes available for sale that we’ve ever seen on realtor.com. While we did see inventory grow 2% in February, total inventory was down 11% over last year.

Low inventory and strong supply is leading to inventory moving faster and faster as measured by median days on market. The median number of days on market in February was 90 days, six days less than last year. We also saw 27% of all listings selling in less than 30 days. Last year, we saw that happen in mid- to late March, so this year’s timetable is about three weeks ahead.

The early birds who decided to buy in the winter faced less competition and enjoyed lower rates than we are seeing now. It gets more expensive and more competitive going forward, but the early(ish) buyer, at this point, is still likely to come out on top, when you consider that prices and rates are likely to be much higher later in the year

Today's Mortgage Rates  

 30 Year Fixed Rate Mortgage History

                                                                                                                                  52 Week
ProductTodayYesterdayChange LowHigh
30 Yr FRM4.39%4.35%+0.043.34%4.39%
15 Yr FRM3.60%3.57%+0.032.69%3.60%
FHA 30 Year Fixed4.05%4.00%+0.053.15%4.10%
Jumbo 30 Year Fixed4.59%4.54%+0.053.42%4.59%
5/1 Yr ARM3.15%3.13%+0.022.80%3.25%
Updated: 3/13/17 3:34 P
Mortgage Rates Approach 3-Year Highs Ahead of Fed
Mar 13 2017, 4:21PM

Rates rose for the 10th time in the past 11 days today, bringing them very close to highest levels in 3 years.  You'd have to go back to April 30th, 2014 to see the average lender offering higher rates.  The most common conventional 30yr fixed quote is easily up to 4.375% on top tier scenarios with a growing number of lenders moving up to 4.5%.

Despite that gloomy assessment, there were no new major developments causing bond markets to weaken (weaker bond markets imply lower bond prices and higher rates). Rather, this has simply been the trend since late February when several Fed speakers made comments intended to "convince" financial markets that the Fed was intent on hiking the Fed Funds Rate this week.

The Fed Funds Rate is an "overnight" rate--the shortest possible term used by banks to borrower and lend on an overnight basis to meet the shortest-term obligations.  Mortgage loans are dictated by rates on longer-term bonds (specifically, "mortgage-backed-securities" or "MBS").  These bonds are moving up and down every day whereas the Fed Funds Rate has only changed 2 times in nearly 9 years.  Longer-term bonds can also behave differently than shorter-term bonds.  

Because of these factors mortgage rates won't necessarily move in the same direction as the Fed Funds rate this Wednesday.  Rather, mortgage rates are more likely to follow the market's EXPECTATIONS for the Fed Funds Rate.  The more likely and more frequent the market sees Fed rate hikes, the more mortgage rates (and other longer-term rates) will move up.  That's exactly what's been happening so far in March, and today's weakness is just another expression of anxiety ahead of Wednesday's Fed meeting.  

Markets are already sure the Fed will hike.  It would be an utter shock if they didn't. Instead, markets are looking for surprises in the Fed's forward-looking forecasts.  Markets are expecting a certain increase in the Fed's perceived pace of rate hikes.  If the reality is that the Fed advances its forecasts even more than markets are expecting, mortgage rates can continue to move higher this week.  But to whatever extent markets have done a good job of anticipating the Fed's accelerated outlook, this could be another case of a Fed rate hike where most of the damage was done ahead of time.  

As possible as that is, and as nice as it would be to see a paradoxical move lower in mortgage rates after a Fed rate hike, it's not a safe outcome to PLAN on.  In other words, floating can't really be justified until we actually see rates do what we hope they do.

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     718 Alpine Drive, Beverly Hills, CA 90210 with 6 bedrooms, 8 baths, and 4,368 sq.ft. is listed for sale at $7,748,000

718 North Alpine Drive, Beverly Hills, CA

Located in one of the most desirable locations in the city, this estate offers a new resident the opportunity to RESTORE, EXPAND, or BUILD. The residence is currently a classic Tudor beauty in the heart of the Beverly Hills Flats. The main house is over 4,300 sq.ft. and includes living withfireplace, family w/bar, dining w/bay window, upstairs master w/large walk-in closet, three add'l guest rooms upstairs, maid's room downstairs w/laundry room, entry hall w/fireplace, and a Prohibition-style CA basement. Out back is a pool house (currently a dance studio/gym) w/2 bathrooms, "chauffeur's quarters" adjacent to rear 3-car garage (a separate 2-car garage is accessible from Alpine), another laundry room, sparkling lap pool, and a grassy lawn. This compound sits on a 15,897 sq.ft. lot, which makes ideas for expansion or other possibilities a thrilling reality. All of BH's offerings are close to Alpine, which is a highly-desirable tree-lined street. Hawthorne and BHH, too!

718 North Alpine Drive, Beverly Hills, CA

718 North Alpine Drive, Beverly Hills, CA

718 North Alpine Drive, Beverly Hills, CA

718 North Alpine Drive, Beverly Hills, CA


718 North Alpine Drive, Beverly Hills, CA

718 North Alpine Drive, Beverly Hills, CA

718 North Alpine Drive, Beverly Hills, CA

718 North Alpine Drive, Beverly Hills, CA





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    6851 E Sunnyale Road, Paradise Valley, AZ 85253 with 5 bedrooms, 6 baths, 
and 6,859 sq.ft. is listed for sale at $2,995,000.

6851 E Sunnyvale Road, Paradise Valley, AZ

One of a Kind! Chic contemporary home built for a family and entertaining! Main House boasts 6,375 sq ft: 4 bdrms+Office+Exercise rm. 4.5 baths. 4 car garage. All BRs are ensuite w/ walk-in closets. Bright & sunny open floor plan. Sleek gourmet kitchen w/ Zebra wood cabinets, Ceasar Stone counters,stainless steel backsplash, and Wolf/Subzero appliances that's open to large family rm w/ fireplace. Split floor plan w/ master and office plus bonus rm on kids wing. Home features include:Glass pocket doors for indoor/outdoor living, porcelain tile,Italian light fixtures, high ceilings, Bang and Olufsen audio/ visual. Master bdrm and bath w/ oversized his/her closets, indoor and outdoor showers w/ pebble finish. Resort like backyard w/ firepits,heated lap pool and spa. Separate 484 sq ft guest house in back.


6851 E Sunnyvale Road, Paradise Valley, AZ

6851 E Sunnyvale Road, Paradise Valley, AZ

6851 E Sunnyvale Road, Paradise Valley, AZ

6851 E Sunnyvale Road, Paradise Valley, AZ

6851 E Sunnyvale Road, Paradise Valley, AZ

6851 E Sunnyvale Road, Paradise Valley, AZ

6851 E Sunnyvale Road, Paradise Valley, AZ

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     6397 Clubhouse Drive, Rancho Santa Fe, CA 92067 with 7 bedrooms, 10 baths, and 13,000 sq.ft. is listed for sale at $9,800,000.

6397 Clubhouse Drive, Rancho Santa Fe, CA

Live the life youve always dreamed in 'Le Chateau' offering every amenity you could imagine. Set at the end of a cul-de-sac on over 3 acres, this gated estate overlooks the golf course and boasts 7 bedrooms, 10 baths, a 2-bedroom guest residence and 7-car garage. Wake up and work out in the gym, relax in your own 22-seat theater, or hang out in the "man cave after a long day. Multiple entertaining areas, family gathering places and a gorgeous resort-inspired pool and spa are yours to enjoy!

6397 Clubhouse Drive, Rancho Santa Fe, CA

6397 Clubhouse Drive, Rancho Santa Fe, CA

6397 Clubhouse Drive, Rancho Santa Fe, CA

6397 Clubhouse Drive, Rancho Santa Fe, CA

6397 Clubhouse Drive, Rancho Santa Fe, CA

6397 Clubhouse Drive, Rancho Santa Fe, CA

6397 Clubhouse Drive, Rancho Santa Fe, CA

6397 Clubhouse Drive, Rancho Santa Fe, CA

6397 Clubhouse Drive, Rancho Santa Fe, CA

6397 Clubhouse Drive, Rancho Santa Fe, CA

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     65 Alpine Terraace, San Francisco-Buena Vista Park, CA 94117 with 4 bedrooms, 4 baths, and 3,550 sq.ft. is listed for sale at $5,295,000. 

65 Alpine Terrace, San Francisco, CA

Breathtaking views, an exquisite renovation, and an ideal floor plan combine for easy, elegant living in this grand Edwardian home near Buena Vista Park. The main level features a formal living room which opens onto the great room, with a magazine-quality kitchen remodel and adjacent dining room opening onto a deck overlooking the San Francisco skyline. A powder room completes this floor. On the next level, there are 3 bedrooms and 2 full baths, including a master suite, spa-like bath and stunning bay view windows. A newly-remodeled family room, 4th bedroom and full bath are on the top floor, with mesmerizing views from floor-to-ceiling windows. The garage level includes a bonus room, half bath, laundry, garden access and 1-car parking.

65 Alpine Terrace, San Francisco, CA

65 Alpine Terrace, San Francisco, CA

65 Alpine Terrace, San Francisco, CA

65 Alpine Terrace, San Francisco, CA

65 Alpine Terrace, San Francisco, CA

65 Alpine Terrace, San Francisco, CA

65 Alpine Terrace, San Francisco, CA

65 Alpine Terrace, San Francisco, CA

65 Alpine Terrace, San Francisco, CA

65 Alpine Terrace, San Francisco, CA

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     13425 NE 50th Street, Bellevue, WA 98005 with 4 bedrooms, 7 baths, and 7,368 sq.ft. is listed for sale at $3,398,000.

13425 Ne 50th St, Bellevue, WA 98005

Timeless estate on 2 tax parcels with acreage! Private drive to residence with circular entrance to porte-cochere. Entry with soaring ceilings, classic finishes and elegant floor plan. Chef's kitchen to gathering spaces with seamless access to covered terrace and gardens. Bedrooms on upper level for desirable living. Luxurious in-house spa with sauna and river rock flooring and flex space. Enjoy lighted level lawn and brand new outdoor kitchen. Potential car collectors paradise in convertible barn with driveway access.

13425 Ne 50th St, Bellevue, WA 98005

13425 Ne 50th St, Bellevue, WA 98005

13425 Ne 50th St, Bellevue, WA 98005

13425 Ne 50th St, Bellevue, WA 98005

13425 Ne 50th St, Bellevue, WA 98005

13425 Ne 50th St, Bellevue, WA 98005

13425 Ne 50th St, Bellevue, WA 98005

13425 Ne 50th St, Bellevue, WA 98005

13425 Ne 50th St, Bellevue, WA 98005
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