Friday, November 17, 2017




Today's Best Mansionwww.todaysbestmansionsforsale.com.
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It's lavish. It's huge. It's grand. It's expensive.


#1      212 5th Avenue, Brooklyn, NY 11215 with 5 bedrooms, 7 baths and 10,079 sq.ft. is listed for sale at $73,800,000.

 


A historic masterpiece of its time, the Crown Penthouse at 212 Fifth Avenue is in a class of its own and the most magnificent trophy residence on Madison Square Park. Designed by Pembrooke and Ives and spanning three floors, with over 10,000SF of living space and 5,730SF of terraces, this 5-bedroom penthouse has the majestic proportions of a palace. With four exposures providing 56 of frontage along the Park and vistas of downtown Manhattans most coveted architecture, the pre-war details inside are equally matched with the iconic views revealed by its elegant arched windows. The foyer opens into a dramatic atrium with its breathtaking bronze staircase as its centerpiece. The Crowns ceiling height, coupled with its gallery-sized walls, make this penthouse an art collectors paradise. 212 Fifth Avenue condominium is the unmistakable beacon on Madison Square Park. Amenities include: 24-hour doorman and concierge services, valet parking, state-of-the-art fitness room, golf simulator, screening room, childrens playroom and more. Staff quarters and storage rooms are available for purchase. This is an opportunity of a lifetime.





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Image result for 212 Fifth Avenue New York NY 10010 Photos


https://cdn.jamesedition.com/media/W1siZiIsImRhdGEvaW1hZ2VzLzMwMjQ2NzA5X3NvdXJjZS5qcGciXSxbInAiLCJ0aHVtYiIsIjIwMDB4Il0sWyJwIiwiZW5jb2RlIiwianBnIiwiLXN0cmlwIC1xdWFsaXR5IDgwIC1pbnRlcmxhY2UgUGxhbmUiXV0/212-fifth-avenue-apt-21b.jpg?sha=e22ef47977b972fb

212 Fifth Avenue penthouse




Today's Top San Diego Luxury Estates

      
The median home value in San Diego County is $553,900. San Diego County home values have gone up 6.5% over the past year and Zillow predicts they will rise 2.9% within the next year.

The median home value in Coronado is $1,481,600. Coronado home values have gone up 2.5% over the past year and Zillow predicts they will rise 0.6% within the next year. 

The median home value in La Jolla 92037 is $1,544,300. 92037 home values have gone up 6.9% over the past year and Zillow predicts they will rise 2.4% within the next year.         

The median home value in Solona Beach 92075 is $1,295,200. 92075 home values have declined -3.0% over the past year and Zillow predicts they will rise 2.6% within the next year.

The median home value in  Del Mar 92014 is $1,616,500. 92014 home values have gone up 2.5% over the past year and Zillow predicts they will rise 1.4% within the next year.

The median home value in Rancho Santa Fe is $2,682,700. Rancho Santa Fe home values have gone up 3.1% over the past year and Zillow predicts they will rise 1.1% within the next year.

#1     202 Coast Blvd. #6, La Jolla, CA 92037 with 3 bedrooms, 3 baths and 2,194 sq.ft. is listed for sale at $6,395,000.

 


Gracing the beachfront of La Jolla's white sand Horseshoe beach with Panoramic white water ocean views. Enjoy a private coded elevator to your residence and sliding pocket windows with remote controlled screens for the ultimate beach experience. View the white water from your balcony and master bedroom. Featuring the finest materials including Italian marble and walnut flooring. Available fully furnished.



















Today's Top LA Luxury Estate.


The median home value in Orange County is $691,600. Orange County home values have gone up 4.3% over the past year and Zillow predicts they will rise 0.8% within the next year.

The median home value in Los Angeles County is $574,400. Los Angeles County home values have gone up 6.7% over the past year and Zillow predicts they will rise 1.4% within the next year.

The median home value in Newport Beach is $1,633,100. Newport Beach home values have gone up 1.6% over the past year and Zillow predicts they will rise 1.9% within the next year. 

The median home value in Santa Monica is $1,398,900. Santa Monica home values have gone up 0.3% over the past year and Zillow predicts they will fall -0.1% within the next year.

The median home value in Brentwood 90049 is $2,391,500. 90049 home values have gone up 0.6% over the past year and Zillow predicts they will fall -0.9% within the next year.

The median home value in Pacific Palisades is $2,724,500. Pacific Palisades home values have gone up 4.4% over the past year and Zillow predicts they will rise 0.9% within the next year.

The median home value in Malibu is $2,958,800. Malibu home values have gone up 8.5% over the past year and Zillow predicts they will rise 1.3% within the next year.

The median home value in Bel Air is $3,316,800. Bel Air home values have gone up 3.7% over the past year and Zillow predicts they will rise 0.2% within the next year

The median home value in Beverly Hills 90210 is $4,855,000. 90210 home values have gone up .54% over the past year and Zillow predicts they will rise 0.8% within the next year.

#1      3410 Serra Road, Malibu, CA 90265 wiht 6 bedrooms, 5 baths and 5,600 sq.ft. is listed for sale at $12,980,000.


Located in the exclusive Serra Retreat neighborhood this beautifully remodeled one story, off the grid Solar home sits on approximately 2.5 acres. The luxurious compound includes a pool with mood lighting, spa, water slide, north/south lit tennis court, separate guest quarters and park-like grounds. The home offers new energy eff solar panels, 2 Tesla chargers with back-up batteries, new roof, windows and LED lighting along with many skylights. There is a private well to irrigate the luscious grounds which include 50+fruit trees, 25-palms, numerous exotic gardens tiered w/golf cart and walking paths. All bedrooms face the pool or gardens w/Pvt patios or fire pits. A gourmet kitchen includes a large island of reclaimed wood, Copper Blue Star 8-burner range, clear window fruit/veg frig, 2-dishwashers and Caesar stone counters. Powder room with petrified wood sink. Master has 2 closets with a barn door leading to a private office. Master bath finished with the finest materials looking out to a zen garden and fountain to relax. Large loft above the garage is presently used as a kids play-room. There is a detached guest/meditation/yoga room. There is also an outdoor BBQ area with wood burning pizza oven. Within walking distance to the beach, restaurants, and shopping areas. Come experience the 'Art of Living" in beautiful Malibu. 









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 $246,900. Maricopa County home values have gone up 6.4% over the past year and Zillow predicts they will rise 2.8% within the next year.

The median home value in Scottsdale is $427,700. Scottsdale home values have gone up 3.9% over the past year and Zillow predicts they will rise 1.9% within the next year. 

The median home value in Carefree is $744,800. Carefree home values have gone up 3.8% over the past year and Zillow predicts they will rise 1.7% within the next year

The median home value in Paradise Valley is $1,616,600. Paradise Valley home values have gone up 2.8% over the past year and Zillow predicts they will rise 1.5% within the next year.

#1     7540 North Silvercrest Way, Paradise Valley, AZ 85253 with 5 bedrooms, 6 baths and 8,021 sq.ft. is listed for sale at $6,496,000.


Majestic views and refined tranquility await, from this exquisite hillside Contemporary estate. A warm architectural retreat, with spectacular design elements incorporated from the native mountainside and showcased throughout the home. This rare setting provides the ultimate in privacy and views as it is perfectly perched outward so as not to see any other surrounding properties. Vast rooms of glass capture the dramatic mountain views from the Superstition Mountains to the city lights of downtown Phoenix. As you glide into the motor court you are greeted by the illuminating drive and sounds of trickling water. It gives the illusion of an Hawaiian tropical estate in the heart of Paradise Valley. Enter thru the massive glass pivot door and you are once again greeted by the spectacular water wall and flagstone floors which lead seamlessly thru the interior and exterior spaces. The massive commercial grade disappearing glass walls are the true definition of indoor outdoor living. A true entertaining statement property with expansive tiered patios, outdoor kitchen, and massive pool with water features and fire towers

7540 N Silvercrest Way, Paradise Valley, AZ 85253




7540 N Silvercrest Way, Paradise Valley, AZ 85253

7540 N Silvercrest Way, Paradise Valley, AZ 85253

Today's Top San Francisco Luxury Estate

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The median home value in San Francisco County is $1,237,100. San Francisco County home values have gone up 11.0% over the past year and Zillow predicts they will rise 2.3% within the next year.

The median home value in Marin County is $1,044,300. Marin County home values have gone up 5.8% over the past year and Zillow predicts they will rise 1.7% within the next year. 

The median home value in Santa Clara County is $1,068,000. Santa Clara County 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 $1,292,200. Sausalito home values have gone up 7.2% over the past year and Zillow predicts they will rise 1.3% within the next year.                
The median home value in Tiburon is $2,510,000. Tiburon home values have gone up 5.7% over the past year and Zillow predicts they will rise 0.7% within the next year. 

The median home value in Palo Alto is $2,695,000. Palo Alto home values have gone up 8.3% over the past year and Zillow predicts they will rise 2.9% within the next year.

The median home value in Los Altos is $2,873,100. Los Altos home values have gone up 4.5% over the past year and Zillow predicts they will rise 1.5% within the next year

The median home value in Saratoga is $2,560,300. Saratoga home values have gone up 8.5% over the past year and Zillow predicts they will rise 2.9% within the next year.   

The median home value in Atherton is $6,440,300. Atherton home values have gone up 4.5% over the past year and Zillow predicts they will rise 1.7% within the next year.             

#1     114 Inez Place, Mill Valley, CA 94941 with 4 bedrooms, 5 baths and 3,372 sq.ft. is listed for sale at $5,200,000.

 
Custom built in 2007, this one level expansive home offers elegant finishes, open floor plan, a level yard, terraces, and infinity pool and spa. Views of the glittering bay, SF and Mt Tam. Relax or entertain in family/media room, great room, substantial office, 3 car garage, wine cellar, two laundries, 4 en suite bedrooms and putting green all on approx 1.5 acres. Very private yet close to schools, shopping, eateries, and freeway.














Today's Top Seattle Luxury Estate

Image result for Seattle  
The median home value in King County is $589,700. King County home values have gone up 14.8% over the past year and Zillow predicts they will rise 6.3% within the next year.

The median home value in Kirkland is $700,000. Kirkland home values have gone up 18.6%  over the past year and Zillow predicts they will rise 7.2% within the next year.

The median home value in Seattle is $695,600. Seattle home values have gone up 14.6% over the past year and Zillow predicts they will rise 6.1% within the next year.

The median home value in Bellevue is $846,500. Bellevue home values have gone up 15.0% over the past year and Zillow predicts they will rise 6.0% within the next year.

The median home value in Mercer Island is $1,391,900. Mercer Island home values have gone up 8.5% over the past year and Zillow predicts they will rise 4.0% within the next year.

The median home value in Clyde Hill is $2,646,700. Clyde Hill home values have gone up 19.8% over the past year and Zillow predicts they will rise 7.8% within the next year.             

The median home value in Medina is $2,698,700. Medina home values have gone up 18.5% over the past year and Zillow predicts they will rise 6.5% within the next year.

#1     520 Overlake Drive E, Medina, WA 98039 with 4 bedrooms, 3 baths and 
3,111 sq.ft. is listed for sale at $7,900,000.



Serene Meydenbauer waterfront estate. Experience the spectacular views of the city, Meydenbauer Bay and Mount Rainier. This rare opportunity features 130 of waterfront, .75 of an acre, two docks, charming view cottage as the main house, lakeside cabana, view artist studio and an additional workshop. The meandering path takes you through the lush landscaping and beautiful water features. Completely private and very accessible with two driveways and garage parking for 5 cars. Medina Elementary.



















Today's Best Mortgage Rates
Mortgage Rates Slightly Higher
Nov 16 2017, 4:36PM

Mortgage rates moved higher today, but the changes were minimal for most lenders.  Bond markets (which underlie interest rates) have been searching for inspiration recently and largely coming up short.  This morning contained several economic reports and the House passed its tax bill in the afternoon, but none of those events caused much of a stir for bonds.  In fact, all of the bond market movement responsible for today's higher rates occurred during Asian and European trading hours.  When US traders got in for the day, bonds were almost perfectly sideways through 3pm.

With next week bringing the Thanksgiving holiday and with the Senate not even taking up the tax bill debate until the following week (they're out all of next week), it's fair to wonder how much worse the lack of inspiration will get.  The risky thing about these periods of lighter participation and lower conviction in financial markets is that they can result in unexpected and seemingly unjustified volatility.  Lenders also tend to be less aggressive when it comes to offering better rates following bond market improvements.  That generally decreases the benefits of floating in the near term.
                                                                                                                          52 Week 
ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.97%3.96%+0.013.84%4.39%
15 Yr FRM3.30%3.29%+0.013.12%3.61%
FHA 30 Year Fixed3.60%3.60%--3.35%4.10%
Jumbo 30 Year Fixed4.16%4.15%+0.014.08%4.60%
5/1 Yr ARM3.22%3.20%+0.022.98%3.25%
Today's Top Real Estate News Article

Homeownership doesn't build wealth, study finds.

By  Diana Olick
CNBC

Homes in a nice neighborhood.: The number of adjustable-rate mortgage originations increased more than 40 percent from the first quarter of 2017 to the second.

Owning a home might help you save money, but it won't help you make money.


Households are better off taking control of their finances than relying on fluctuating home values. That is the finding of a new study conducted by Florida Atlantic University, Florida International University and the University of Wyoming.

"On average, renting and reinvesting wins in terms of wealth creation regardless of property appreciation, because property appreciation is highly correlated with gains in the traditional financial asset classes of stocks and bonds," wrote study co-author Ken Johnson of FAU's College of Business, in a release.

The question of rent versus buy has been wildly popular during the housing recovery. The historic housing crash at the end of the last decade came as a bitter shock to millions of Americans, many of whom never considered that home values could fall at all or that they could fall as far as they did.

The U.S. homeownership rate is still hovering near its record low, yet buyer demand has been steadily rising. Construction, however, has not been rising quickly enough to meet that demand, resulting in fast-rising prices. In the last few years, prices have increased faster than income and inflation.

In some markets, home values have hit record highs, again fueling the debate over which is more lucrative, buying or renting?

Rents have also increased dramatically as new households are formed and millennials, now the largest generation, struggle to afford a down payment. While there has been a building boom in luxury rental housing, that has not been the case with affordable rental development.

Still, researchers in the study claim the adage of "throwing your money away on rent" doesn't hold up. That is because it assumes that the extra money a renter saves by not owning a home and not saving for a down payment is simply spent on goods or services and not invested.

"When you assume that those monies are reinvested at a rate of return, renting, on average, wins in terms of wealth creation," Johnson said. "Of course, many renters will not reinvest those monies and will instead use them for consumer goods, which is the least desirable option in terms of building wealth."

In other words, the rent argument works only if the renter invests the rental savings instead of consuming the money.

Johnson and his colleagues also assessed price volatility. Some local housing markets, like Miami and New York City, are far more volatile than Kansas City or even Atlanta. The researchers therefore went city by city, measuring home price appreciation against a portfolio of stocks and bonds that were equal in volatility.

"To have a fair race, that reinvestment into stocks and bonds has to be as risky as that particular housing market," Johnson said.

While all housing has always been local, home price performance has been especially so following the recession. In the nation's 24 largest metropolitan housing markets, just four showed median home price appreciation between 2010 and 2016 that was higher than the median return of a stock portfolio, according to a report by Redfin, done in November 2016.
Three of those four were in Northern California, and the fourth was Miami. All four rank high among real estate investors, especially foreign investors, not owner occupants.

Nationally, since the recession, there have been two distinct housing markets.

"The first is the one that gets all the attention, where high prices, low inventory and strong buyer demand is supported by dirt cheap rates and high job creation and income growth," said Nela Richardson, Redfin's chief economist.

"The second market is in parts of the country [Trump country] where home prices never took off, unemployment is still high and wages are stagnating," Richardson said. "Prices aren't growing quickly in these places and there's been little home equity growth. The housing market mirrors the growing economic inequality in the country at large: Rich metros grow, poor ones don't."

When you consider that many Americans are not invested in the stock market, "the forced savings of a monthly mortgage is a key reason why housing has served as an engine of growth for the middle class over the last 50 years," Richardson added.

As long as home values don't fall, which has historically been the case in most markets, with the glaring exception of the last recession, homeowners are building a nest egg. They had also been getting a tax advantage. That is now at risk in the Republican tax plan, which curbs the mortgage deduction and in the Senate version, wipes out the property tax deduction.

Real estate can still be a good investment, according to Johnson, but not necessarily living in the home you own. Being a landlord or investing in real estate-related stocks and commodities can be more lucrative that keeping all your capital in the nest

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