Tuesday, October 31, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1    1006 Chantilly Road, Los Angeles 90077 with 7 bedrooms, 10 baths 
and 10,000 sq.ft. is listed for sale at $19,900,000.


One of a kind architectural Bel Air contemporary tucked away privately behind gates. Sensational resort feeling with generous 10,000 sq. ft of open living space including 7 bedrooms and 10 bathrooms. This modern home is equipped with all the latest technology, 12' geometric custom skylight with LED lit panels, 7 fireplaces, fire-pit in the middle of the infinity swimming pool. Walls slide open to the elements creating a seamless indoor outdoor flow making this an ideal home for entertaining. Home also includes movie theater, huge wine cellar, Italian cabinetry, German appliances and more. Unbelievable income producing property. This is a must see!











Today's Top San Diego Luxury Estates


The median home value in San Diego County is $552,400. San Diego County home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.5% within the next year.

The median home value in Coronado is $1,488,500. Coronado home values have gone up 3.1% over the past year and Zillow predicts they will rise 1.3% within the next year. 

The median home value in La Jolla 92037 is $1,538,100. 92037 home values have gone up 7.9% over the past year and Zillow predicts they will rise 2.0% within the next year.

The median home value in Solona Beach 92075 is $1,284,600. 92075 home values have declined -4.2% over the past year and Zillow predicts they will rise 2.0% within the next year. 

The median home value in Del Mar 92014 is $1,616,500. 92014 home values have gone up 3.0% over the past year and Zillow predicts they will rise 0.9% within the next year.

The median home value in Rancho Santa Fe is $2,698,700. Rancho Santa Fe home values have gone up 6.0% over the past year and Zillow predicts they will rise 0.7% within the next year. 

#1      16568 La Gracia, Rancho Santa Fe, CA with 5 bedrooms, 7 baths and 8,251 sq.ft. is listed for sale at $11,500,000.


Striking transitional contemporary masterpiece combines Spanish architecture with sleek modern finishes. Located in the heart of Rancho Santa Fe, this single level 2017 built estate boasts unobstructed southerly views and exudes extreme privacy, high tech and high style. With all of its scale and grandeur, the home remains warm, and inviting for intimate family life yet poised for large-scale entertaining. This property is truly the pinnacle of splendor and luxury.










Today's Top LA Luxury Estate.


The median home value in Orange County is $689,800. Orange County home values have gone up 4.0% over the past year and Zillow predicts they will rise 1.1% within the next year
         
The median home value in Los Angeles County is $572,900. Los Angeles County home values have gone up 6.8% over the past year and Zillow predicts they will rise 1.5% within the next year.

The median home value in Newport Beach is $1,654,400. Newport Beach home values have gone up 5.3% over the past year and Zillow predicts they will rise 1.0% within the next year. 

The median home value in Santa Monica is $1,410,500. Santa Monica home values have gone up 2.2% over the past year and Zillow predicts they will rise 0.3% within the next year.

The median home value in Brentwood 90049 is $2,383,900. 90049 home values have gone up 0.9% over the past year and Zillow predicts they will fall -0.6% within the next year.

The median home value in Pacific Palisades is $2,731,400. Pacific Palisades home values have gone up 5.0% over the past year and Zillow predicts they will rise 1.0% within the next year.

The median home value in Malibu is $2,933,500. Malibu home values have gone up 7.7% over the past year and Zillow predicts they will rise 1.0% within the next year.

The median home value in Bel Air is $3,272,700. Bel Air home values have gone up 3.7% over the past year and Zillow predicts they will fall -0.3% within the next year

The median home value in 90210 is $4,892,500. 90210 home values have gone up 9.4% over the past year and Zillow predicts they will rise 0.9% within the next year.

#1      23410 Malibu Colony Road, Malibu, CA 90265 with 4 bedrooms, 4 baths and 3,000 sq.ft. is listed for sale at $12,900,000.


A rare opportunity to own in the Malibu Colony gated community. This residence is located on the prime slice of the Colony Beach where your deck leads directly to the sand. Also known as 102 Malibu Colony, the home features a 2 car detached garage with Tesla charger, large and private landscaped courtyard patio, 4 bedroom, 4 bathroom home and a rare roof deck off the master bedroom with 360 degree views of the ocean, shoreline and the hills. This residence is turn key on a larger lot (just over 7500 square feet) or buyers can expand their dreams and add to the existing building. A great family friendly floor plan with one bedroom, 2 baths downstairs and three bedrooms, 2 baths upstairs including master suite with sauna. Spacious billiard room, family room, open kitchen with large island, dining room and living room with 180 degrees on the beach views. Stucco finish means minimal maintenance, the beachfront deck has recently been replaced and is ready for summer enjoyment. The home also features an all wood finished ship captain's office with outside access, a floating stairway to the second floor, fireplace, hardwood floors and paver tiles. While the Colony is special in terms of its history and desirability, this particular location on the beach adds tremendous enjoyment value especially for families with children. Be part of the world famous Malibu history and community. You are walking distance to shopping and restaurants including Cross Creek and the Lumberyard. 















 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 Maricopa County is $245,700.  Maricopa County home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.4% within the next year.

The median home value in Scottsdale is $426,100. Scottsdale home values have gone up 3.8% over the past year and Zillow predicts they will rise 1.3% within the next year

The median home value in Carefree is $747,800. Carefree home values have gone up 5.9% over the past year and Zillow predicts they will rise 1.7% within the next year.

The median home value in Paradise Valley is $1,604,500. Paradise Valley home values have gone up 2.9% over the past year and Zillow predicts they will rise 0.7% within the next year.

#1     3350 Bar Circle Road, Prescott, AZ 86301 with 3 bedrooms, 6 baths 
and 11,073 sq.ft. is listed for sale at $5,000,000.


Take in sweeping, unobstructed views of city lights and mountains is this meticulously-designed home. This Tuscan retreat, named Casa di Buona Fortuna, which stands for House of Good Fortune is where the old west charm of Prescott, meets the ultimate in modern living. The home features vaulted ceilings with wood trusses and exposed beams, 3 spacious en-suite bedrooms, 5 bathrooms, steam shower, oversized tubs, 6 fireplaces, heated pool, spa, sauna, gourmet kitchen, peaceful deck, movie theater, 6+ car garage, wine room and green energy technology. With all this home has to offer, you'll be hard pressed to ever want to leave.

















Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco County is $1,234,800. San Francisco County home values have gone up 10.7% over the past year and Zillow predicts they will rise 2.8% within the next year.

The median home value in Marin County is $1,060,900. Marin County home values have gone up 8.6% over the past year and Zillow predicts they will rise 2.2% within the next year. 
     
The median home value in Santa Clara is $1,121,300. Santa Clara home values have gone up 10.0% over the past year and Zillow predicts they will rise 3.6% within the next year.        

The median home value in Sausalito is $1,289,700. Sausalito home values have gone up 7.6% over the past year and Zillow predicts they will rise 1.9% within the next year.          
The median home value in Tiburon is $2,509,800. Tiburon home values have gone up 5.7% over the past year and Zillow predicts they will rise 1.7% within the next year.

The median home value in Palo Alto is $2,660,200. Palo Alto home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.6% within the next year.

The median home value in Los Altos is $2,852,400. Los Altos home values have gone up 3.7% over the past year and Zillow predicts they will rise 1.4% within the next year.         

The median home value in Saratoga is $2,531,200. Saratoga home values have gone up 7.6% over the past year and Zillow predicts they will rise 2.8% within the next year.

The median home value in Atherton is $6,472,600. Atherton home values have gone up 6.8% over the past year and Zillow predicts they will rise 2.3% within the next year. 

#1      190 Gilmartin Drive, Tiburon, CA 94920 with 8 bedrooms, 8 baths, 
and 7,771 sq.ft. is listed is listed for sale at $10,800,000.


World Class, one-of-a-kind Bridge to Bridge views from this gated estate at the crest of prestigious Gilmartin Dr. Custom designed home features breathtaking views from nearly every room: 8+ bedrooms, Au pair quarters, Formal dining and living rooms, Family room, open plan eat-in kitchen leads to outdoor patio and swimming pool overlooking panoramic views of the Golden Gate Bridge, SF City skyline and Bay Bridge. 4-car garage and much more!



















Today's Top Seattle Luxury Estate

Image result for Seattle  
The median home value in King County is $586,500. King County home values have gone up 14.9% over the past year and Zillow predicts they will rise 6.0% within the next year.

The median home value in Kirkland is $692,100. Kirkland home values have gone up 18.0% over the past year and Zillow predicts they will rise 6.9% within the next year. 

The median home value in Seattle is $690,200. Seattle home values have gone up 14.3% over the past year and Zillow predicts they will rise 5.9% within the next year.

The median home value in Bellevue is $842,900. Bellevue home values have gone up 15.7% over the past year and Zillow predicts they will rise 5.9% within the next year.

The median home value in Mercer Island is $1,406,800. Mercer Island home values have gone up 10.5% over the past year and Zillow predicts they will rise 4.3% within the next year.

The median home value in Clyde Hill is $2,603,600. Clyde Hill home values have gone up 17.7% over the past year and Zillow predicts they will rise 6.4% within the next year.             

The median home value in Medina is $2,667,700. Medina home values have gone up 18.3% over the past year and Zillow predicts they will rise 6.2% within the next year.

#1      190 NW Madrona Lane, Shoreline, WA 98177 with 5 bedrooms, 7 baths 
and 8,023 sq.ft. is listed for sale at $3,950,000.


Italian Renaissance home with fine surfaces and special features. Slate roof, arched windows and wrap-around view terrace. Dramatic 2-story entry, grand staircase and stained glass skylight. Lovely formals; chefs kitchen, adjoining sunroom and family room; library; 5 bedroom suites incl main floor master; 6.25 baths; 3 frplcs; exercise room. Magical top floor glass atrium; lower level rec/media room. Beautiful grounds, formal gardens and rustic cabin. Amazing 3,300 sf, 7-car garage with shop.






















Today's Best Mortgage Rates
Mortgage Rates Lowest in a Week
Oct 30 2017, 3:50PM

Mortgage rates recovered even more of their recent losses today, following reports that lawmakers were considering "phasing in" a 20% corporate tax rate by 2022 as a part of the current tax reform efforts.  The President's previously announced tax reform principles call for 20% out of the gate.

When those principles were initially released, stock prices and interest rates rose in unison.  On one hand, lower taxes are seen stimulating the economy, which traditionally puts upward pressure on stocks and rates.  On another note, some analysts think the tax plan would result in more government borrowing--something that hurts interest rates specifically because it creates more supply of the bonds that drive interest rate movement (higher supply = lower prices, and lower bond prices = higher rates).

With all of the above in mind, any news that detracts from the original tax principles should help rates recover and should also put some pressure on stocks to move lower.  That's exactly what happened today.  It's the 2nd straight day of solid gains for rates, bringing most lenders to their best levels in at least a week.

Whether this proves to be a turning point in the bigger picture remains to be seen.  Rates are in a well-established uptrend.  While that won't last forever, we'd like to see a bit more of a recovery before ruling out the continuation of the broader uptrend.  Ultimately, bond traders will want to see Trump nominated Jerome Powell to Chair the Federal Reserve in order for rate stability to materialize.
                                                                                                                             52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.02%4.06%-0.043.59%4.39%
15 Yr FRM3.31%3.34%-0.032.90%3.61%
FHA 30 Year Fixed3.70%3.75%-0.053.35%4.10%
Jumbo 30 Year Fixed4.21%4.24%-0.033.75%4.60%
5/1 Yr ARM3.20%3.22%-0.022.89%3.25%

Today's Top Real Estate News Article
Home Prices Appear Unstoppable
Oct 31 2017, 9:47AM

It is increasingly hackneyed to say it, but home price appreciation accelerated yet again in August. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, increased by 6.1% on a year-over-year basis, outpacing annual increase reported for July by 0.2 percentage point.  It was the largest gain thus far in 2017.

The non-seasonally adjusted increase on a monthly basis did slow slightly; the gain was 0.5 percent compared to 0.7 percent from June to July.  There was an 0.5 percent increase after seasonal adjustment as well.

The 10-City Composite Index rose 5.3 percent compared to a 5.2 percent annual change in July, and the monthly index was 0.5 percent higher on both an adjusted and a non-adjusted basis. The annual increase in the 20-City Composite was 5.9 percent, compared to 5.8 percent the previous month and the July to August gain was 0.4 percent before and 0.5 percent after adjustment.



Nineteen of the 20 cities tracked by the indices reported monthly increases both before and after seasonal adjustment.  Seattle was again the leader in annual gains, up 13.2 percent.  The other cities with major levels of appreciation were Las Vegas, up 8.6% and San Diego with a 7.8% increase.  Nine cities reported a higher level of appreciation in the year ending August 2017 than in the year ending July 2017.

Analysts for Econoday had expected the Case-Shiller 20-City Composite to post an increase of 6.0 percent on an annual basis.  The non-adjusted and adjusted gains were forecast as 0.5 and 0.6 percent respectively.
It was David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices who used the term "unstoppable" in referring to home price increases   nominated Jerome Powell to Chair the Federal Reserve in order for rate stability to materialize. He said, "August saw the National Index annual rate tick up to 6.1%; all 20 cities followed in the report were up year-over-year while one, Atlanta, saw the seasonally adjusted monthly number slip 0.2%.
"Most prices across the rest of the economy are barely moving compared to housing. Over the last year the consumer price index rose 2.2%, driven largely by energy costs. Aside from oil, the only other major item with price gains close to housing was hospital services, which were up 4.6%. Wages climbed 3.6% in the year to August," Blitzer said.
"The ongoing rise in home prices poses questions of why prices are climbing and whether they will continue to outpace most of the economy. 

Currently, low mortgage rates combined with an improving economy are supporting home prices. Low interest rates raise the value of both real and financial long-lived assets. The price gains are not simply a rebound from the financial crisis; nationally and in nine of the 20 cities in the report, home prices have reached new all-time highs. However, home prices will not rise forever. Measures of affordability are beginning to slide, indicating that the pool of buyers is shrinking. The Federal Reserve is pushing short term interest rates upward and mortgage rates are likely to follow over time, removing a key factor supporting rising home prices."
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