Thursday, April 13, 2017

Today's Best Mansions: They’re lavish. They’re huge. They're grand. They're expensive.

#1     16 Beverly Park, Beverly Hills. CA 90210 with 3 bedrooms, 3 baths and 
10,000 sq.ft. is listed for sale at $20,100,000.



Located in the gated community Beverly Park, the 10,000-square-foot house has only one bedroom unusual for such a large home. There are two guesthouses, each with an additional bedroom. The property also has a tennis court, a movie theater and sweeping views. The gym in the main house was designed by Arnold Schwarzenegger.










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     26524 Latigo Shore Drive, Malibu, CA 90265 with 4 bedrooms, 5 baths, 
and 3,482 sq.ft. is listed for sale at $16,250,000.



No expense spared in this amazing and totally renovated ocean front estate. The finest materials used including Crestion controlled sound and comfort, heated limestone and porcelain wood tile floors, Quartzite Taj Mahal countertops and custom cabinetry in kitchen with Thermador, Wolf and Sub-Zero appliances. Ocean views and floor to ceiling slider doors from every room leading to private decks. Master bedroom has large deck and double outdoor fireplaces, grill and kitchen area with dumbwaiter to the main kitchen below. Direct beach access to Latigo Shore Beach for amazing surfing and sunsets. Walk in closets and en-suite baths for all 4 bedrooms bedroom. Gated and complete alarm system with camera surveillance.  One of the sandiest beaches in Malibu awaits! 
















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     2390 Paradise Drive, Belvedere Tiburon, CA 94920 with 3 bedrooms, 5 baths 
and 4,090 sq.ft. is listed for sale at $4,995,000.



Special residence situated in Old Town Tiburon in the heart of Keil Cove.(2)detached homes with duplex zoning.Custom built by current owner reminiscent of Santa Barbara architecture. Sweeping views of the Bay,Angel Island&East Bay across to the GGB. LivRm/DinRm with entertainment deck and stunning views.Gourmet chef's kitchen w/casual dining area.Lower level rec.rm opens to sunny pool area.Detached 2 bdrm/2 bath cottage.  (2)Two car garages. Minutes to SF Ferry.











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     4991 Rancho Del Mar Trail, Carmel Valley-San Diego, CA 92130 with 7 bedrooms, 9 baths and 12,100 sq.ft. is listed for sale at $9,475,000.


The search for the ultimate San Diego address will end at this one-of-a-kind custom designed/built estate privately sited within the highly prestigious gated community of Rancho Pacifica! Just reduced $3,5000,000.











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     2390 Paradise Drive, Belvedere Tiburon, CA 94920 with 3 bedrooms, 5 baths 
and 4,090 sq.ft. is listed for sale at $4,995,000.



Special residence situated in Old Town Tiburon in the heart of Keil Cove.)  two detached homes with duplex zoning.Custom built by current owner reminiscent of Santa Barbara architecture.Sweeping views of the Bay,Angel Island and East Bay across to the GGB. LivRm/DinRm w/entertainment deck and stunning views.Gourmet chef's kitchen w/casual dining area.Lower level rec.rm opens to sunny pool area.Detached 2 bdrm/2 ba cottage.Two car garages. Minutes to SF Ferry.











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     17316 SE 60th Street, Bellevue, WA 98006 with 13 bedrooms, 10 baths, 
and 15,360 sq.ft. is listed for sale at $5,995,000.

17316 Se 60th St, Bellevue, WA 98006

Bollywood Mansion, a sprawling palatial estate that celebrates India-inspired luxury. Breath-taking views of the Cascades and Lake Sammamish. The 15,360 square foot estate is a cultural masterpiece. The granite foyer highlights a dramatic staircase with hand-carved North Indian rosewood. 13 bedrooms and 9.25 bathrooms, it also features three separate living quarters with master suite, kitchens, and living rooms; Also a meditation room, theatre, library, indoor sports court, game room and an 8 car garage.

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006


17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

17316 Se 60th St, Bellevue, WA 98006

Today's Top Real Estate News
Important Mortgage Performance Metric Best in 10 Years

By Jann Swanson
Mortgage News Daily

Early state mortgage delinquencies are an important measure of mortgage market health, and CoreLogic reports they are continuing to decline.  In January, the company found 5.3 percent of mortgaged homeowners were 30 days or more behind in their payments, down by 1.1 percentage points from the delinquency rate in January 2016.  Serious delinquencies, loans 90 or more days past due or in foreclosure, were at a 2.5 percent rate, down from 3.2 percent a year earlier.

Broken down to more discrete intervals, CoreLogic says early-stage delinquencies, defined as 30-59 days past due, were trending lower in January 2017 at 2.1 percent compared with 2.4 percent in January 2016. The share of mortgages that were 60-89 days past due in January 2017 was 0.7 percent, down from 0.8 percent in January 2016.  Alaska was the only state in which delinquencies, both early and serious, increased.



The company notes that early-stage delinquencies can be volatile so it also tracks the rate of transition from one interval to another. Past due mortgages moved from current to 30 days past due at an 0.9 percent rate in January, down from 1.2 percent the previous January.  By comparison, in January 2007, just before the start of the financial crisis, the current to 30-day transition rate was 1.2 percent and peaked in November 2008 at 2 percent.

CoreLogic's new Loan Performance Insights Report also notes that, as of January 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.8 percent compared with 1.1 percent in January 2016.

"Steady job and income growth, combined with full-doc underwriting, has led to low early-stage delinquencies," said Dr. Frank Nothaft, chief economist for CoreLogic. "January's 0.9 percent transition rate for current to 30 days late is lower than a year ago and much lower than the 1.5 percent average from 2000 and 2001, during which the foreclosure rate was, conversely, lower than it is today."

"The 30-plus delinquency rate, the most comprehensive measure of mortgage performance, is at a 10-year low and rapidly declining," said Frank Martell, president and CEO of CoreLogic. "While late-stage delinquencies remain in the pipeline in selected markets, early-stage delinquency performance is stellar and the lowest it's been in two decades. The continued improvement in mortgage performance bodes well for the health of the market in 2017."
Today's Mortgage Rates

                                                                                                                                 52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.05%4.08%-0.033.34%4.39%
15 Yr FRM3.28%3.30%-0.022.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.33%4.35%-0.023.42%4.60%
5/1 Yr ARM3.09%3.07%+0.022.80%3.25%
Updated: 4/12/17 5:39 PM
Rates Move Deeper Into 2017 Lows After Trump Comments
Apr 12 2017, 5:20PM


Mortgage rates continued lower today, bringing them even deeper into new lows for 2017.  Bond markets (which underlie rate movement) were already doing just fine this morning, but got a boost from Trump's comments on the strength of the US Dollar in the afternoon.  Specifically, Trump said the dollar is "too strong."  The implication is that the administration will do what it can to promote a weaker dollar, and such efforts are seen simultaneously putting downward pressure on rates.

Whereas lenders were more evenly split between 4.0% and 4.125% yesterday, the former now enjoys a small majority.  That means that 4.0% is now the most prevalently-quoted conventional 30yr fixed rate for top tier scenarios and that some of the more aggressive lenders are quoting 3.875%.  

Whether or not this means it's time to think about locking your rate depends entirely on personal preference and risk tolerance.  If you've been floating, you've seen a solid improvement by now, and no one could fault you for taking those chips off the table at the lowest rates of the year.  

If you can tolerate some risk and if you wouldn't lose sleep over the idea of losing some ground in exchange for seeing how this move pans out, then it could make sense to wait until next week.  Several recent levels in 10yr Treasury yields can be used as "stop-loss" levels overhead.  10yr yields are highly correlated with mortgage rates and easier to follow on a moment-to-moment basis.  From most to least conservative, 2.28%, 2.33%, and 2.37% are of particular interest as lines in the sand for locking.

Today's Best-Execution Rates
  • 30YR FIXED - 4.0%
  • FHA/VA - 3.75%
  • 15 YEAR FIXED - 3.375%
  • 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
  • Rates are currently attempting to break below the post-election range.  This is the most promising position they've been in during 2017.
     
  • We're shifting into a trend where the burden of proof will be on fiscal reforms and other policy developments to push rates higher.  Until and unless the 2017 ceiling breaks, we can at least say that the trend is now sideways.
     
  • 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