Tuesday, October 24, 2017





Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1     210 North Kalaheo Avenue, Kailua, Hawaii 96734 with 8 bedrooms, 11 baths 
and 16,634 sq.ft. is listed for sale at $23,900,000.



Once in a lifetime opportunity to purchase this immaculate estate "House of Light & Dreams" an acre and a half of land on a gorgeous sandy beach in Kailua. No pictures will ever do this home justice. With incredible attention to detail, expert craftsman spent years creating this 8 Bed, 8 Bath Masterpiece. 5 bed, 5 Bath Villa & 3 Bed 3 Bath Guest House have a combined total of over 15k SF under roof. Chefs kitchen, Koa details throughout, travertine, peruvian marble, steel framing allows for massive sliding doors that disappear to open up much of the home. Private pool area, complete with hot tub & waterfall, spectacular ocean views, wake up and go for a swim in the ocean, or stroll down this world renowned beach.



















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           5033 Windsor Drive, San Diego, CA 92109 with 4 bedrooms, 5 baths and 4,601 sq.ft. is listed for sale at $3,125,000.



Unobstructable panoramic ocean, bay, beach, and city views. Private, gated, pristine estate in an upscale North Pacific Beach neighborhood with views from La Jolla to the downtown skyline. Truly one of the best sites in all of San Diego. Beautiful 4600 sq ft 4 Bedroom/4.5 Bath home with walls of glass, Solar, an elevator, dramatic soaring high ceilings, travertine flooring, huge master bedroom, outdoor kitchen, and a 3 car garage on a 20,000 sq. ft. lot is a luxury dream home come to life. See suppl. Beautiful modern Mediterranean home in a luxurious North Pacific Beach neighborhood convenient to all—La Jolla, beaches, schools, recreational areas, the airport, downtown, shopping, restaurants, and freeway access. Dramatic entry opens to breath-taking views. Triple height living room with walls of windows start the open floor plan. This home is an art-lovers dream—perfect wall space and niches to display your treasures. Eat-in kitchen with continuous granite counters, breakfast bar, and island, stainless appliances, commodious walk-in pantry. The family room opens to multiple exterior view patios. There is a fully-equipped outdoor kitchen with more stainless appliances and room for entertaining on a grand scale. From the living room the sweeping staircase leads to a shockingly spacious landing with forever views—perfect for an office space or second floor family room. There is a lovely entry level bedroom with its own bath. All three upstairs bedrooms feature en-suite baths and their own view balconies. The enormous master bedroom has magical views both day and night, as does the master bath. Dual zoned air conditioning and heating. Owned solar system. There is a generous parking court as well as a 3 car garage with epoxy flooring and its own air-conditioning units. Professionally designed lush low maintenance landscaping.














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      1350 Benedict Canyon Drive, Beverly Hills, CA 90210 with 6 bedrooms, 9 baths and 10,875 sq.ft. is listed for sale at $10,495,000.



Luxury at its finest! Voluminous scale with incredible natural light in every room, this Mediterranean villa was completely remodeled down to the studs and is designed with the finest materials. The open flow between rooms is an ideal layout for grand scale entertaining. Boasting 24 ft ceilings and a 40 ft custom iron entry door, an oversized formal dining room with separate catering kitchen, and generous en suite bedrooms with enormous closets. Additional features include a professional quality theater, wet and dry saunas, elevator to all three levels, and a 600 bottle wine storage. The exquisite and lush backyard offers complete privacy and includes an outdoor kitchen, covered cabana with electricity, pool and spa for the perfect California living experience. 















 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      11408 East Apache Vistas Drive, Scottsdale, AZ 856262 with 8 bedrooms, 11 baths and 12,415 sq.ft. is listed for sale at $7,200,000.


Beyond Spectacular!This architectural masterpiece located in the Village of Painted Sky has everything one may dream to include. This estate will impress your most sophisticated clients.With two separate guest houses and 6 bedrooms in the main house, your guests will feel they have arrived in a 5 Star hotel.And for the car enthusiast, this home will accomodate up to 10 cars.With unique features including a swim up bar,two pool locker rooms, a theater for evening movies, and a large exercise room, your clients will not forget this home.The ''ah factor'' in this home begins the moment you drive up to the circular drive and continues through every room and builds to a crescendo as you step onto the pool deck surrounded by the mountain views.We invite you to experience this spectacular getaway.

















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   The Harrison Penthouse #45B, 401 Harrison Street, San Francisco, CA 94105 with 3 bedrooms, 4 baths and 3,214 sq.ft. is listed for sale at $8,200,000.


From The Harrison's acclaimed Signature Collection comes this half-floor penthouse soaring 500 feet above SoMa and set to unrivaled vistas of the Bay Bridge, city and marina. Offering peerless details, selected by renowned designer Ken Fulk, this voluminous open floor plan is marked by a 100' expanse of floor-to-ceiling windows that curve with the distinct shape of the building, encompassing a kitchen with Bertazzoni appliances, and white Carrara marble counters, a den, master retreat and two spacious guest suites. Set at the apex of Rincon Hill, yet moments from San Francisco's most sought-after attractions, this penthouse realizes an idyllic life marked by five-star amenities, 24/7 concierge service and Ken Fulk Design.













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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      10798 NE Country Club Road, Bainbridge Island, WA 98110 with 2 bedrooms, 
3 baths and 3,830 sq.ft. is listed for sale at $2,985,000.


Stunning Mid-Century Modern Waterfront home, first time on market! Steel I-beam construction with walls of windows overlooking the shores of Blakely Harbor with unobstructed views of the Seattle skyline and shipping traffic. Two bedrooms/two bonus rooms with main floor master. Expansive deck at water's edge with short flight of stairs to beach. Concrete bulkhead, deep lot, fenced and gated for ultimate privacy. 2 tax parcels for over an acre of magnificent waterfront. New hardwood floors, new roof.















Today's Best Mortgage Rates
Mortgage Rates Holding Recent Highs to Begin Week
Oct 23 2017, 3:50PM

Mortgage rates were generally unchanged today despite slight improvements in underlying bond markets.  As of last Friday, the average lender was quoting rates at or near the highest levels in more than 2 months, meaning today earns the same dubious distinction.  The saving grace is that in relative terms, the past 2-3 months have been historically less volatile than normal, and conventional 30yr fixed rates at 4% (or just under) are still widely available for top tier scenarios.

Today was light in terms of economic data and political events to inspire movement in rates, but that could change at any moment.  President Trump told reporters that he is "very very close" to selecting the next Chair of the Federal Reserve (Yellen does not seem to be in the running based on his choice of words).  Markets will likely react to the decision whenever it becomes known.  Traders are currently trying to split the difference between the top 2 choices (Powell and Taylor), and are ready to push rates higher or lower depending on the outcome.  

All other things being equal, the trend in rates has been generally higher for more than a month now.  Floating doesn't tend to make as much sense in that environment, but that could quickly change if the Fed Chair news is helpful or simply if rates can avoid any additional weakness beyond what we say last Friday.
                                                                                                                        52 Weeks
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.98%3.98%--3.55%4.39%
15 Yr FRM3.28%3.28%--2.86%3.61%
FHA 30 Year Fixed3.60%3.60%--3.35%4.10%
Jumbo 30 Year Fixed4.17%4.17%--3.71%4.60%
5/1 Yr ARM3.21%3.22%-0.012.88%3.25

Today's Top Real Estate News Article

Watch out where you get help with buying a house.

  • Nearly 1 in 4 mortgages had a nonspouse, co-borrower in the second quarter.
  • Having a formal operational agreement and exit strategy is important given the money that's at stake.
By Carla Fried
CNBC

Since the beginning of the housing recovery in 2012, home prices have raced ahead at a pace far stronger than income gains. That imbalance is causing more homebuyers to look for a helping hand.





Potential homebuyers arrive to an open house in Seattle.

Potential homebuyers arrive to an open house in Seattle.

Attom Data Solutions reports that on average, nearly 1 in 4 mortgages in the second quarter involved co-borrowers who were not spouses, compared with less than 1 in 5 as recently as 2015.

In many major markets, co-borrowing was even more popular.

More than 50 percent of mortgages in San Jose, California, which includes Silicon Valley, involved co-borrowers in the second quarter. In Miami, 45 percent of mortgages had co-borrowers, Seattle had 39 percent, in Portland, Oregon, nearly 30 percent of mortgages had co-borrowers and in Tampa, Florida, 26 percent.

"The market has to react to higher prices in some way," said Daren Blomquist, senior vice president at Attom Data Solutions. "During the last housing boom, the decision was to loosen lending standards. That's not happening now, so co-borrowing is one solution."

Co-borrowers can be the bank of Mom and Dad co-signing to help a child qualify for a mortgage. Or it can be two (or more) unrelated people going in together on a home. Third-party investors are another option; Unison.com, available in a dozen states and the District of Columbia, provides down payment assistance in return for a share of any gains when you sell (or buy 'em out); the typical equity share is 35 percent.

While all permutations of getting help can be a viable way to cope with today's affordability crunch, "you need to go in with eyes wide open," Blomquist said. "Think through the worse-case scenarios."

The co-borrower 'prenup'

Hopefully the worse-case never comes into play, but talking through all the what ifs is a valuable process to make sure you are on the same page and have anticipated all the major issues.
  • Get down to business. Even if you're related or BFFs (today) this is a huge financial agreement that begs for a formal operating agreement that you both put in writing. Nolo.com has sample contracts for shared-equity agreements.
High home prices may be hitting their limit

Key issues to settle before you go dutch:
  • If you intend to have something other than a 50-50 split of gains (or losses) when you sell, put it in writing.
  • How will you split maintenance costs?
  • What about renovations? If one party pays for an upgrade, how much of that cost will be repaid from any future profits when you sell?
  • Do you agree on when (and when not) to tap equity?
  • Take care on the title. If you intend for your co-borrower to inherit your stake in the house, titling the home as joint tenants with right of survivorship makes sense. But if you want your share to go to someone else, tenancy in common is going to be the right move. Either way, you both want to sit down with a lawyer to carefully consider your options.
  • Plan your break-up now. Maybe it is 100 percent amicable: One of you gets a great job across the country or gets married. Or maybe it's not. Doug Amis, president at Cardinal Retirement Planning in Cary, North Carolina, recommends you have a written exit plan. One option is to agree to a "Russian roulette clause." One borrower can offer to buy out the other or sell his shares at a specified price. The borrower handed that offer can either take it, or choose to impose those same terms on the borrower who initiated the break-up.
  • Buy life insurance on each other. If you are relying on someone else for any part of your ongoing housing costs, you need to protect yourself with a life insurance policy that pays out to you in the event your co-borrower dies prematurely. "If you are unrelated, you should each buy a policy that insures the other person. That way you know the premium that protects you is going to get paid," Amis said. That's allowed if you have an "insurable interest." A stake in a home is a rather large interest.


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.