Monday, April 10, 2017

Today's Best Mansion 

Mansions: They’re lavish. They’re huge. They're grand. They're expensive.

#1     143 S Mapleton Drive, Holmby Hills, CA 90024 with 9 bedrooms, 9 baths,
and 10,907 sq.ft. is back on the market relisted for sale at $66,650,000.




Located on the MOST desirable street in Holmby Hills- Flat over an acre of beautiful park like grounds. Grand Paul Williams Estate! Painstakingly restored over three years with great expense! Designed by Moss a.nd Associates Property includes 7 bedrooms and 9 bathrooms, N/S private Tennis court, classical pool, wood paneled den, William (Billy Haines room) beautiful over sized Formal living and dining room, incredibly huge master suite with his and hers sitting areas/office space and bathrooms. Architectural details throughout! A true updated family home in the grand tradition!











Today's Top LA Luxury Estate 


The median home value in Los Angeles County is $556,300. Los Angeles County home values have gone up 7.-% over the past year, Zillow predicts they will rise 0.8% within the next year.

The median home value in Brentwood, 90049 is $2,493,800. Brentwood home values have gone up 6.8% over the past year.  Zillow predicts they will rise 1.5% within the next year

The median home value in Malibu is $2,887,500.  Malibu home values have gone up 5.7% over the past year.  Zillow predicts they will rise 0.8 % within the year.'
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The median home value in Bel Air, 90077 is $3,283,500. Bel  Air home values have gone up 2.9% over the past year.  Zillow predicts they will remain even 0.0% within the next year.

The median home value in Beverly Hills 90210 is $4,842,000.  Beverly Hills home values have gone up 6.0% over the past year.  Zillow predicts they will rise 0.6% with the next year.

#1     614 N Camden Drive, Beverly Hills, CA 90210 with 5 bedrooms, 7 baths, 
and 7,133 sq.ft. is listed for sale at $13,450,000.



The finest style and substance embody this brand new Contemporary French Provincial in the heart of the prime Beverly Hills Flats. Set behind double gates w/circular front driveway, this elegant and stately home offers exquisite curb appeal & a picturesque setting. Enter into the grand two story foyer w/sweeping wrought iron staircase. The public rooms on the main level are spacious, light, bright, and offer walls of windows with French doors, high ceilings, and light hardwood floors. Formal living room w/fp, formal dining room, wood-paneled library/office, and great room combining the family room, bar, and open chef's kitchen w/professional appliances, large island, and book matched Calcutta gold marble. The second level features 3 family bedroom suites, and the spacious master suite complete with sitting room, large private terrace, dual walk-in closets, and luxurious marble bath. The backyard is an oasis with covered , open loggia, pool, and lawn. Subterranean 5-car garage and maid's or gym with bath.



















Today's Top Phoenix Luxury Estate  

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
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The median home value in Scottsdale is $416,500. Scottsdale home values have gone up 2.9% over the past year. Zillow predicts they will rise 0.2% withiin the next year. 

The median home value in Carefree is $753,200. Carfree home values have gone up 5.0% over the past year.  Zillow predicts they will rise 1.6% within the next year.  

The median home value in Paradise Valley is $1,603,200.  Paradise home values have gone up 2.5% over the past year. Zillow predicts they will rise 0.3% within the next year. 


#1     6110 N Kachina Lane, Paradise Valley, AZ 85253 with 5 bedrooms, 7 baths, and 8,319 sq.ft. is listed for sale at $5,820,000.



Casa Blanca Builders has captured the romance and charm inherent of Andalusia, Spain. The photographs that accompany this listing only give a hint of the beauty to be found in this Spanish home, as it is a true work of art, a home to be experienced. Private gated estate, with spectacular mountain views. Graceful entertaining rooms flooded with natural light, open to spectacular gardens & indoor/outdoor spaces mingle fluidly. Plaster walls, doors and tile imported from Spain.Private master suite with exercise room and beautiful private spa with outdoor showers, 3 additional bedrooms in main house plus office, family room, living room, dream kitchen and butlers pantry with Christopher Peacock cabinetry, formal dining room, wine cellar, flex room, oversized garage, and a full guest house!










Today's Top San Diego Luxury Estate 


The median home value in San Diego County is $529,200. San Diego County home values have gone up 5.4% over the past year. Zillow predicts they will remain even 0.0% within the next year.

The median home value in La Jolla, 92037 is $1,487,400. La Jolla, 92037 home values have gone up 6.7% over the past year.  Zillow predicts they will rise 0.1% within the next year. 

The median home value in Solana Beach 92075 is $1,262,200. Solana Beach 92075 home values have gone up 4.9% over the past year.  Zillow predicts they will decline - 0.6% within the next year.

The median home value in Del Mar 92014 is $1,684,400 Del Mar home values have gone up 10.1% over the past year.  Zillow predicts they will rise 1.5% within the next year.

The median home value in Rancho Santa Fe is $2,560,100. Rancho Santa Fe home values have declined -4.4% over the past year and Zillow predicts they will decline -3.0% within the next year.\

#1     337 Bandera Street, La Jolla, A 92037 with 4 bedrooms, 6 baths and 4,112 sq.ft. is listed for sale at $4,250,000.



Ocean views, steps to beach access, and walking distance to schools and shopping. This newer construction Cape Cod style home is 4112 sq. ft. and boasts an open concept main living area, 4 spacious bedrooms each with en suite baths, heated floor in Master bath, 
2 half-baths, office, teen loft and man cave with wet bar.







Today's Top San Francisco Luxury Estate 

Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,145,300. San Francisco home values have gone up 0.0% over the past year.  Zillow predicts they will decrease by - 0.5% within the next year.

The median home value in Sausalito is $1,280,200. Sausalito home values have gone up 4.4% over the past year. Zillow predicts they will rise 0.3% within the next year. 

The median home value in Tiburon is $2,490,300. Tiburon home values have gone up 1.4% over the past year.   Zillow predicts they will rise 0.4% within the next year. 

The median home value in Saratoga is $2,399,200. Saratoga home values have gone up 0.9% over the past year.  Zillow predicts they will rise 0.3% within the next year. 

The median home value in Atherton is $6,271,800. Atherton home values have gone up 6.7% over the past year and Zillow predicts they will rise 1.7% within the next year. 

#1     40 Norman Way, Tiburon, CA 94920 with 5 bedrooms, 4 baths, and 4,822 sq.ft. 
is listed for sale at $5,195,000.


The original site placement of the Norman estate, this ONE LEVEL renovated, contemporary masterpiece offers soaring ceilings, designer finishes and tall walls of glass that bring the outdoor in. Truly resort like with all main rooms opening directly to the private, verdant 2 acre grounds, which include sweeping level lawns, a lap pool, elevated spa, fruit trees, and mature gardens. Panoramic water views! Steps to a hiking trail.
















Today's Top Seattle Luxury Estate 


Image result for Seattle

The median home value in Kirkland is $609,700.  Kirkland home values have gone up 13.5% over the past year.  Zillow predicts they will rise 4.0% within the next year.

The median home value in Seattle is $624,700. Seattle home values have gone up 11.4% over the past year. Zillow predicts they will rise 3.8% within the next year.

The median home value in Bellevue is $762,500. Bellevue home values have gone up 12.8% over the past year. Zillow predicts they will rise 3.9% within the next year. 


The median home value in Mercer Island, WA is $1,349,500, Mercer island home values have gone up 12.3% over the past year.  Zillow predicts they will rise 4.1% with the next year.

The median home value in Clyde Hill is $2,275,200. Clyde Hill home values have gone up 11.8% over the past year. Zillow predicts they will rise 3.4% within the next year.

The median home value in Medina is $2,376,600. Medina home values have gone up 10.5% over the past year and Zillow predicts they will rise 3.6% within the next year

#1     2600 Fairview Avenue E #6, Seattle-Capitol Hill, WA 98102 with 3 bedrooms, 
3 baths, and over 2,000 sq.ft. is listed for sale at $2,950,000.



Rare opportunity for the best view on Mallard Coves front row! Floor-to-ceiling windows capture unobstructed westerly views all the way to Gas Works Park. Stunning interiors with granite and hardwoods throughout. 3 bedroom, 2.5 bath, living, family, plus den lives large with multiple entertainment spaces including rooftop deck and a large float for endless summer evenings. Complete with 34 moorage, 2 parking spaces and a co-op owned dock. Come join us on the lake!










Today's Top Real Estate News
Housing Sentiment Falls From Record Highs
By Jann Swanson
Mortgage News Daily


After a couple of high flying months and after setting several survey records in February, Fannie Mae's Home Purchase Sentiment Index (HPSI) ran out of steam in March.  The index decreased 3.8 percentage points to 84.5, and five of the six components that comprise it also fell, some rather dramatically.



The net share of respondents to the National Housing Survey from which the HPSI is derived who said it was a good time to buy a house fell 10 percentage points while the net of those saying it was a good time to sell rose 9 points.  The latter was the sole advance for the month and set its second new survey high in as many months. High home prices were cited as the most important reason for both the bad time to buy sentiments, mentioned by 39 percent of those respondents, and by 24 percent of those who say it is a good time to sell.



Consumers were also less confident about their job security.  The net of those who were not worried about losing their jobs fell 8 percentage points, but remained at a robust 70 percent.

On net, the share of respondents reporting that their household income is significantly higher than it was 12 months ago decreased 8 percentage points.  While not a component of the index, the percentage of respondents who expect their financial condition to improve over the next year fell 3 points and those who expect it to get worse rose by 3 points.



The net share of Americans who say that mortgage rates will go down over the next twelve months fell 5 percentage points to a new survey low. Finally, the net share of those who think home prices will go up decreased by 1 percentage point this month.

Doug Duncan, senior vice president and chief economist at Fannie Mae said, "Home purchase sentiment gave back some of the gains accumulated over the prior two months that sent the index to its survey high in February. Strong home price appreciation has turned into a double-edged sword for the housing market as it boosted the net share of consumers saying it's a good time to sell to a record high, surpassing the plunging good time to buy indicator for the first time in the history of the survey. 

In addition, the net share of consumers who expect mortgage rates to rise over the next year exceeded that experienced during the 2013 taper tantrum. However, the housing market could get some tailwinds from a seasonal rise in for-sale inventory, particularly as some sellers seek to lock in profits from recent rapid home price gains. The market could also get a boost from homebuyers who decide to jump into the market before rates rise further."



Another survey question that is not reflected in the HSPI is whether the economy is on the right or the wrong track. While right track answers only dipped 1 point to 47 percent, wrong track answers jumped 6 points to 41 percent

The Home Purchase Sentiment Index (HPSI) distills information about consumers' home purchase sentiment from the NHS into a single number that reflects current views and forward-looking expectations of housing market conditions.  The NHS is conducted monthly by telephone among 1,000 consumers, both homeowners and renters.  Respondents are asked more than 100 questions used to track attitudinal shifts, six of which are used to construct the HPSI.  The March 2017 National Housing Survey was conducted between March 1, 2017 and March 26, 2017. 
Today's Mortgage Rates
                                                                                            52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.17%4.15%+0.023.34%4.39%
15 Yr FRM3.38%3.37%+0.012.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.39%4.38%+0.013.42%4.60%
5/1 Yr ARM3.13%3.11%+0.022.80%3.25%
Updated: 4/7/17 5:28 PM

Apr 7 2017, 5:40PM
Mortgage rates rose modestly today, compared to yesterday's latest levels.  Compared to the morning's rate sheets however, the rise was sharper, but even then, we're talking about fairly small movement in the bigger picture.  4.125% is still easily the most prevalent conventional 30yr fixed quote for top tier scenarios, with the only change being in the form of slightly higher upfront cost.

It was a volatile day for financial markets with news of air strikes in Syria being the focal point for overnight trading.  Bond markets (which dictate mortgage rates) started the day off in much better shape as a result.  Rates only found more benefit from the big jobs report, which was much weaker than expected.  Weaker economic data tends to motivate bond buying and thus, lower rates.  

All of the rate-friendly developments turned out to be too much of a good thing.  Any trader inclined to buy bonds (which, again, pushes rates lower) had done so shortly after the jobs report came out.   With buyers burnt out, sellers were in the majority.  As such, the rest of the day was resigned to a paradoxical move toward higher rates.

Loan Originator Perspective


Despite the US missile assault on Syria and a tepid March NFP report, bonds sold off this afternoon, and multiple lenders worsened pricing.  When rates rise despite bond friendly data/world events, it's time to pay attention.  Pricing is still near best in a month, and it looks like markets have no desire to improve further.  Locking is the smart play here. -Ted Rood, Senior Originator

Roller coaster day for bonds.   Usually not a fan of locking on a Friday.   However, if your pricing is better today than what you were offered yesterday, I would pull the trigger.  Bonds just do not want to break the current floor. -Victor Burek, Churchill Mortgage

Today's Best-Execution Rates

  • 30YR FIXED - 4.125%
  • FHA/VA - 3.75-4.00%
  • 15 YEAR FIXED - 3.375-3.5%
  • 5 YEAR ARMS -  2.75 - 3.25% depending on the lender
Ongoing Lock/Float Considerations
  • 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
  • Still, it would take something very big and unexpected for rates to make a big, sustained push back toward pre-election levels.   Even then, it would take time to confirm such a shift.
     
  • With fiscal and monetary policy paths both clearly putting pressure on rates, at least one of those would need to make a noticeable change before anything but a cautious, lock-biased approach makes sense as a baseline strategy.  Floating should only be considered as a tactical opportunity to capitalize on temporary corrections.
     
  • Rates discussed refer to the most frequently-quoted, conforming, conventional 30yr fixed rate for top tier borrowers among average to well-priced lenders.  The rates generally assume little-to-no origination or discount except as noted when applicable.  Rates appearing on this page are "effective rates" that take day-to-day changes in upfront costs into consideration.
    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