Monday, August 21, 2017


Today's Best Mansion
www.todaysbestmansionsforsale.com

It's lavish. It's huge. It's grand. It's expensive.

#1      700 Park Lane, Montecito, CA 93108 with 6 bedrooms, 10 baths 
and 12,653 sq.ft. is listed for sale at $27,500,000.



One of Montecito's great architectural estates by George Washington Smith in 1923 on over 5 manicured & magnificent acres. Excellent condition w/all amenities inc Pool, Tennis, 2-bedroom Guest House, Home Theater, 1-bedroom Garden Cottage, Wine Collector's Cellar and Tasting Room, 3-room Office/Guest Suite over 5-car Garage, hen house, expansive manicured gently-sloped lawns and gardens, complete privacy w/mature perimeter Oaks and foliage. Tastefully updated/upgraded in 2006.














Today's Top LA Luxury Estate.



The median home value in Los Angeles County is $566,400. Los Angeles County home values have gone up 6.8% over the past year, Zillow predicts hey will increase 1.5% within the next year.

The median home value in Brentwood, 90049 is $2,398,800. Brentwood home values have gone up 2.1% over the past year.  Zillow predicts they will igo down ( 0.3%) within the next year

The median home value in Malibu is $2,906,700.  Malibu home values have gone up 5.3% over the past year.  Zillow predicts they will increase 1.1% within the year.

The median home value in Bel Air, 90077 is $3,278,800  Bel Air home values have gone up 2.8% over the past year.  Zillow predicts they will go down  (-0.3) within the year.

The median home value in Beverly Hills 90210 is $4,895,000.  Beverly Hills home values have gone up 4.2% over the past year.  Zillow predicts they will increase 1.3%  within the next year. 

#1       1307 Sierra Alta Way, Los Angeles, CA 90069 with 5 bedrooms, 10 baths 
and 13,820 sq.ft. is listed for sale at $18,850,000.

Meticulously crafted to the highest of standards, this architectural off the Sunset Strip was conceived with an eye toward leisure and modern design. Beyond the home's massive front pivot door and floating staircase is a setting both serene and powerful, where a wealth of glass elements allow the natural surroundings to flow freely and create a dramatic visual experience throughout. Fleetwood pocket doors seamlessly integrate the private, sun-drenched grounds with water features, zero edge pool & luxurious cabana. An entertainer's dream, the formal dining room is joined by a 21 ft. motorized wine rack that allows a treasured vintage to travel from the upstairs master wing to your table at the push of a button. Furthermore, the sprawling basement level evokes an upscale lounge with theater, gym/sauna, and full bar offering an alluring view into the pool overhead as well as the impressive 7-car gallery. This stunning residence also includes maids quarters and an additional 2-car garage. 




















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

The median home value in Scottsdale is $423,300. Scottsdale home values have gone up 3.3% over the past year.  Zillow predicts they will increase 2.5% within the next year. 

The median home value in Carefree is $755,700. Carefree home values have gone up 5.3% over the past year.  Zillow predicts they will increase 2.9% within the next year.

The median home value in Paradise Valley is $1,612,400.  Paradise Valleyhome values have gone up 1.6% over the past year. Zillow predicts they will increase 2.2% within the next year.
      
#1     7545 North Black Rock Trail, Paradise Valley, AZ 85253 with 4 bedrooms, 5 baths and 4,898 sq.ft. is listed for sale at $4,199,000.
You will be awe-inspired from the moment you walk through the stately courtyard of this Country French estate. Sprawling manicured grounds with charming sitting areas await you around every corner. Upon entering through your Dutch front door, you will enjoy a single level floor plan of open entertaining spaces and private guest suites. Every single room captures the stunning mountain views and serenity this home has to offer. Jacque Pepin would die to cook in this gorgeous kitchen! Complete with walk-in refrigerator, Culcutta Marble countertops, Sub-Zero Wolf double ovens, commercial Wolf gas range, butlers pantry, and charming gas fireplace make this the perfect place for family gatherings. Dining room & office features 100-year-old beams shipped in from a Pennsylvania barn. Jump into a 50m-heated lap pool for an afternoon swim while capturing the sunsets over Camelback Mountain. This home was completely renovated by Mark Candelaria and Andra Miller designs in 2014 with not one detailed missed. Truly a one-of-a-kind property you will not want to miss! 












Today's Top San Diego Luxury Estate 


The median home value in San Diego County is $548,000. San Diego County home values have gone up 6.9% over the past year. Zillow predicts they will remain even 4.1% within the next year.

The median home value in Coronado is $1,475,900. Coronado home values have gone up 1.4% this past year.  Zillow predicts they will increase 3.7% within the next year.

The median home value in La Jolla, 92037 is $1,486,900. La Jolla, 92037 home values have gone up 2.5% this past year.  Zillow predicts they will increase 2.8% within the next year.

The median home value in Solana Beach 92075 is $1,307,200. Solana Beach 92075 home values have gone up 4.4% this past year. Zillow predicts they will rise 3.7%% within the next year.

The median home value in Del Mar 92014 is $1,605,100 Del Mar home values have gone up 1.3% over the past year.  Zillow predicts they will increase 3.3% within the next year.

The median home value in Rancho Santa Fe is $2,636,800. Rancho Santa Fe home values have increase 1.1% over the past year and Zillow predicts they will increase 1.3% within the next year.

#1      6255 La Pintura Drive, La Jolla, CA 92037 with 5 bedrooms, 6 baths 
and 6,506 sq.ft. is listed for sale at $3,850,000.
Located in a secluded section of the Muirlands with easy access to all sides of Mt. Soledad, Village, beaches, and schools, this gorgeous newer traditional residence offers a spacious, luxurious living style with every comfort and convenience. Architectural detailing including vast divided light radius windows and French doors, exquisite handcrafted built-in woodwork, and stonework bring impressive entertaining indoors and outside, where expansive pool, patio, and lawn offer plenty of space for enjoyment.














Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,204,700. San Francisco 
home values have gone up 7.2% over the past year.  Zillow predicts they will decrease by 1.6% within the year.

The median home value in Sausalito is $1,271,200. Sausalito home values have gone up 5.7% over the past year. Zillow predicts they will rise 1.5% within the next year. 

The median home value in Tiburon is $2,468,800. Tiburon home values have gone up 3.7% over the past year.   Zillow predicts they will rise increase 0.8% within the next year. 

The medium home value in Saratoga is $2,471,300.  Saratoga home values have gone up 4.6% this past year.  Zillow predicts they will increase 1.0% within the next year. 

The median home value in Atherton is $6,406,300. Atherton home values have gone up 8.5% over the past year and Zillow predicts they will increase 1.5% within the next year.

#1     2636 Union Street, San Francisco, CA 94123 with 5 bedrooms, 5 baths 
and 5,710 sq.ft. is listed for sale at $9,750,000



Magnificent Arts & Crafts home with Bay views from every level. Formal entrance; Spacious, light filled living room with fireplace, views, deck, wonderful architectural details. Formal dining room with fireplace, window seat. Spacious kitchen with two walk-out decks. Luxurious master suite with glorious views. Four add'l bedrooms, two offices. Spacious family room with wet bar, sweeping views, deck. Media room with deck, hot tub, and bright garden. Add'l bedroom suite with private entrance. Exercise rm, wine cellar, storage rms, laundry rm. Parking for two cars. Lower lvl storage, workshop. Set in Cow Hollow close to Union, Chestnut, and the Bay, this classic home has gorgeous craftsmanship, extraordinary views and beautiful spacious rooms. 
























Today's Top Seattle Luxury Estate

Image result for Seattle 
The median home value in Kirkland is $677,400.  Kirkland home values have gone up 18.2% over the past year.  Zillow predicts they will rise 8.7% within the next year.

The median home value in Seattle is $682,300. Seattle home values have gone up 15.2% over the past year. Zillow predicts they will rise 7.0% within the next year.

The median home value in Bellevue is $833,800. Bellevue home values have gone up 156.2% over the past year. Zillow predicts they will rise 8.0% within the next year. 

The median home value in Mercer Island is $1,410,600, Mercer island home values have gone up 11.1% over the past year.  Zillow predicts they will rise 6.9% with the next year.

The median home value in Clyde Hill is $2,480,800. Clyde Hill home values have gone up 13.9% over the past year. Zillow predicts they will rise 7.5% within the next year.

The median home value in Medina is $2,590,300. Medina home values have gone up 15.1% over the past year and Zillow predicts they will rise 7.4% within the next year.

#1      478 39th Avenue E, Seattle, WA 98112 with 3 bedrooms, 3 baths and 3,780 sq.ft. is listed for sale at $7,898,000.

Stuart Silk designed modern residence on the shores of Lake Washington in Washington Park. Sublime, meaningful design exudes serenity & sophistication. 60 ft architectural concrete wall and floating steel & oak staircase provide the central design points, while the lake & Mount Rainier views beckon from nearly every room of this open concept home. White Oak Cabinetry, granite steps, slab quartz & glass panels are among the rich surfaces. Custom, rare furnishings included. Incredible opportunity,







Today's Top Real Estate News


Homebuyers put less and less skin in the game, adding to the market's overall risk

By Diana Olick 

It feels like déjà vu in mortgage land all over again. Homebuyers are increasingly opting to put less money down when purchasing their homes, increasing their risk should the housing  market, and specifically home prices, falter yet again. When home prices crashed in the last decade, millions of borrowers fell underwater on their home loans, prompting a foreclosure crisis of epic proportions. It all begs the question, could it happen again?

In the past 12 months, 1.5 million borrowers bought their homes with down payments of less than 10 percent, meaning they financed more than 90 percent. That marks a seven-year high, according to Black Knight Financial Services.

"The increase is primarily a function of the overall growth in purchase lending, but, after nearly four consecutive years of declines, low-down-payment loans have ticked upwards in market share over the past 18 months as well," said Ben Graboske, executive vice president at Black Knight Data & Analytics, in a recent note. "In fact, they now account for nearly 40 percent of all purchase lending."

On the bright side, the bulk of the growth has not been at the lowest down-payment level, that is, 3 percent or less. It is more in the 5 to 9 percent down-payment arena. In addition, the low-down-payment loans of today are nothing like the ones the precipitated the last housing crash.

At that time half of all low-down-payment loans being made involved second loans, commonly known as "piggyback loans," but today's mortgages are largely single, first liens, Graboske noted.

The loans of the past were also far riskier – mostly adjustable rate mortgages, which, according to the Black Knight report, are virtually nonexistent among low-down-payment mortgages today. Instead, most are fixed-rate. Credit scores of borrowers taking out these loans today are also about 50 points higher than those between 2004 and 2007.
The growth in this sector is likely due to new programs offered by Fannie Mae and Freddie Mac that are actually gaining market share from the FHA, which was the only low-down-payment game in town during the recession. The GSE's brought back 3 percent down payment loans in late 2014, but as with FHA, they also require borrowers pay for mortgage insurance.

Defaults on recent low-down-payment loans, so far, are slow, but that is as much a factor of the good credit quality as it is the strength of the housing market. Home prices are rising incredibly fast, meaning those borrowers are gaining equity in their homes quickly. If home prices should make a U-turn, even in certain local markets, the risk to both borrowers and banks will rise.  Borrowers with less equity in their homes default on their mortgages at a much higher rate than those with more skin in the game.



Today's Mortgage Rates
Trump Administration Drama Pushing Rates Even Lower
Aug 17 2017, 5:17PM

Mortgage rates fell yesterday in response to a tweet about Trump disbanding his councils of CEOs.  Twitter was in play again today.  This time around it was Gary Cohn, Trump's economic advisor.  Rather, it was rumors of Cohn's departure that sent financial markets into a tail-spin.  Terror attacks in Spain may have played a supporting role.  The net effect was heavy losses for stocks and solid gains for bonds.  When bonds improve, rates fall.
Mortgage lenders continue to be slow to pass along the gains in bond markets in general, but they're certainly passing them along.  Multiple lenders issued positive reprices in the afternoon as bond markets rallied.  Conventional 30yr fixed rates are increasingly being quoted at 3.875% as opposed to 4.0% on top tier scenarios.  On average, rates are the lowest since November 2016--something we've been able to say for the 2nd straight day, and several times over the past few weeks.
52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.94%3.95%-0.013.37%4.39%
15 Yr FRM3.22%3.23%-0.012.72%3.61%
FHA 30 Year Fixed3.60%3.60%--3.20%4.10%
Jumbo 30 Year Fixed4.22%4.22%--3.50%4.60%
5/1 Yr ARM3.17%3.18%-0.012.80%3.25%

Thanks for reading "Today's Best Mansions"

Looking for more information?  Have a comment?  Need a Realtor referral?  
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 "Today's Best Mansions" and "Top Luxury Estates" in Los Angeles, Phoenix, San Diego, San Francisco and Seattle listed for sale anytime on FaceBook.