Monday, November 6, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1     10 Thunder Road, Wilson, WY with 7 bedrooms, 10 baths and 16,000 sq.ft. is listed for sale at $39,900,000.

Stones Throw is a sophisticated and luxurious retreat off Fall Creek Road in an extremely private location. Located on 72 acres, with Fish Creek, Cheyenne Creek and the Snake River all passing through the property. The fishing experience and wildlife viewing is unparalleled. On this magnificent estate rests, a 16,000-square foot main home, a 2,000-square foot guest home and approximately 2,000 square feet of garage and storage space, totaling 20,000 square feet. After winding down Fall Creek Road south of the small town of Wilson, you cross over and meander alongside Fish Creek past the guest house, until you arrive at the awe-inspiring main residence. The estate was masterfully conceptualized and created by the current owner, with every component carefully selected. A few highlights include: unrivaled walnut woodwork and flooring, rare Montana Moss Rock masonry, Molero windows and doors, one of a kind iron work, forced air and in floor radiant heat a nd an elevator to transport between floors. The new owners will be able to entertain in very grand style within the spacious great room with 30' ceilings, a floor-to-ceiling rock hearth and fireplace, and views of the Tetons. The formal dining room is truly spectacular with a barreled, walnut ceiling and large windows framing the Grand Teton. There is a stunning library/den, with an abundance of natural light. Library details include: floor-to-ceiling windows, walnut floors and walls, and a spiral staircase leading to a second story reading nook with more bookshelves. The superbly designed chef's kitchen is complete with premium finishes and fixtures such as walnut cabinets, granite counters, professional-grade appliances, an eat-in table and walk-in pantry. There is a comfortable family room right off the kitchen and a side door opening to an outdoor terrace with a fireplace and seating area. The master suite, in the northwest corner of the house has every comfort imaginable. There is a cozy sleeping area with a wood-burning fireplace, and two walk-in closets connecting to the master bath. The marble adorned master bath designed to pamper, includes a steam shower and his and her services. Finishing off the master suite is an impressive octagon shaped office, with walnut floors, walls and a vaulted plaster ceiling. On the second level of the main house there are four spacious bedrooms with en-suite baths. Most notable, is the junior master with all the comforts you would expect, including a private terrace with magnificent Teton views and exposure to the environment. The guest wing of the home can be accessed by a separate entrance. A living room with a wood burning fireplace, wet bar, kitchenette, study, powder room and a large bedroom with a full bath provide guests comfort and privacy. The separate guest/caretaker's house is just a short walk from the main residence. Fully equipped with one bedroom, two baths, a kitchen and a two-car garage. 


















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      1660 Torrey Pines Road, La Jolla, CA 92037 with 5 bedrooms, 6 baths 
and 7,600 sq.ft. is listed to sale at $9,950,000.
Spectacular ocean view estate nestled in the Torrey Pines State Reserve. This one of a kind home features a beautiful main house with 5 beds/5.5 baths, and panoramic ocean views. This spacious residence, large kitchen, and two living rooms makes this the perfect home for entertaining. Continue your guest's stay in the additional 1 bed/1 bath guest suite. Or in the 2 detached cottages, complete with a full kitchen, living room, 1 bed/1 bath, and ocean views. This serene property is truly the jewel of La Jolla!




















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     32 Blue Heron, Irvine, CA 92603 with 5 bedrooms, 8 baths and 9,675 sq.ft. is listed for sale at $10,950,000.



This light and airy estate is a rare Shady Canyon gem with mountain, golf course and lights views. Situated on one of the most prestigious streets in this exclusive community, the home's large, elevated lot provides exceptional privacy and maximizes sunlight and views. A recent renovation includes beautiful transitional interiors that complement the timeless European exteriors, and new whole-house Savant A/V, Smart Home Systems, all new TVs, 4K theater projector. Designed for effortlessly chic living and entertaining, the main level includes large-scale rooms that flow from one to the next, and through banks of pocket and French doors to loggias and the rear grounds with pool, spa, BBQ kitchen + bar, sport court. The redesigned kitchen features light marble and driftwood-hued custom cabinetry, a massive center island with seating, spacious adjoining breakfast and family rooms. The home's 5 bedrooms, 5 ensuite baths and 3 powder rooms all are impeccably finished in the finest materials. The master suite features a sitting room, dual-sided fireplace, large terrace, spa bathing suite, dressing room and magnificent views. An elevator services all levels, including the lower level with its lounge, stadium theater, fitness center, wine cellar, 6-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 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     42820 North Fleming Springs Road, Cave Creek, AZ 85331 with 6 bedrooms,       7 baths and 10,159 sq.ft. is listed for sale at $4,995,000.

For those who could live anywhere, THIS is WHERE! One of the best estate values you will find anywhere!  Get a Silverleaf-quality home while you enjoy the luxury of a private, secure gated mountain of 54 acres. One of the largest estates in the Phoenix area. Built by Tom Argue, a preferred builder in Silverleaf and Estancia. This Old World Tuscan enclave, larger than 10,000 sq. ft. features gardens, nature trails delights with 360 degree views! The most secluded property available in the Phoenix area is also a perfect corporate retreat and hideaway. There are antique hardwood floors, elevator, private well, gourmet kitchen at the pool, showcase media room, patios on all sides. With huge potential with access to all potential 5 acre parcels. Featured on numerous media stories as well. 













Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

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      14777 Montalvo Road, Sarratoga, CA 95070 with 6 bedrooms, 7 baths 
and 5,161 sq.ft. is listed for sale at $5,700,000.

Located in the prestigious Montalvo area, this classic single level custom built residence will appeal to you with its neutral facade, majestic columns, bay windows, European flair and an exquisite, thoughtful interior featuring a light and bright open floor plan completed with meticulous attention to detail. Masterfully renovated by renowned builder, Mehus Construction, the main home features four large bedrooms and four full baths plus a powder room; also, a separate guest house with two large bedrooms and a full bath, you will appreciate the details of their creative design. Delight in glorious afternoon sunsets enjoyed from the expansive back patio and pool area. A rare and unique opportunity not to be missed!       
















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      7319 NE 18th Street, Medina, WA 98039 with 3 bedrooms, 3 baths and 2,550 sq.ft. is listed for sale at $5,000,000.
Such a rare opportunity for a property in this part of Medina to become available. You'll find vaulted ceilings, exposed beams, oak hardwoods, lots of windows & French Doors. Want to make it exactly what you choose?! Build up? Build out? Renovate? Rip it down? And then the views; the lake of course, and Seattle... Exceptional during the Day; Stunning at Night. Private neighborhood beachfront as well. This Beloved Property is seeking its new chapter.














Today's Best Mortgage Rates
Mortgage Rates Roughly Unchanged After Jobs Report
Nov 3 2017, 5:55PM

Mortgage rates were mostly sideways today although a few lenders offered token improvements.  When we talk about small improvements in "mortgage rates," we're often dealing with the "upfront cost" side of the equation that dictates the overall cost of financing.  The other, more obvious side would be the interest rate itself.  Upfront costs offer more of a fine-tuning adjustment.  Many borrowers wouldn't even notice today's improvements.  Others will see than as a couple hundred dollars. 

Today brought the big jobs report--traditionally one of the most important economic reports as far as interest rates are concerned.  At present, the jobs data is packing less of a punch, simply because strong, stable labor markets are fairly well established in the economic data.  It's not a surprise for investors, so there's less of a reaction in stocks and bonds (which drive rates).

For now, rates are as low as they've been in the past 2 weeks, but there's not an exceptionally wide margin between the highs and lows during that time.  The average lender continues quoting 4.0% on top tier 30yr fixed scenarios, although more aggressive lenders are slightly lower.  
                                                                                                                               52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.96%3.97%-0.013.59%4.39%
15 Yr FRM3.27%3.27%--2.90%3.61%
FHA 30 Year Fixed3.60%3.60%--3.35%4.10%
Jumbo 30 Year Fixed4.15%4.16%-0.013.75%4.60%
5/1 Yr ARM3.18%3.18%--2.89%3.25%
Today's Top Real Estate News Article

What The Republican Tax Bill Means For The Value Of Your Home

By Samantha Sharf
Forbes



House Republicans released their long awaited tax bill Thursday. The proposal is a long way from becoming the law of the land, but the draft contains some red flags for the people who build, sell and own homes—as well as for people who want to buy them.

Three changes are particularly relevant: a reduction in the amount of mortgage interest that can be deducted, a new cap on property tax deductions and limits to the capital gains exemption used by homeowners when they sell.

Real estate professionals have been quick to cry foul, arguing the proposals would eliminate the tax incentive to buy, turning America into a nation of renters and putting pressure on home values. Already the homeownership rate is near an all-time low at 63.7%, they point out. William Brown, president of the National Association of Realtors, calls the bill “nowhere near as good a deal as the one middle-class homeowners get under current law.” Some outside the industry, however, contend that in the long run the only real loser will be the industry itself.

So what’s changing?

As the law stands now, homeowners can claim as an itemized deduction interest paid on mortgages valued up to $1.1 million used to acquire or improve a first and/or second home. The plan maintains the current cap for existing homeowners, but slashes it to $500,000 for homes purchased in the future. (The bill would also limit the mortgage interest deduction to one principal home, ending any deductions for vacation homes.) This means a home buyer paying 4% interest on a $1 million mortgage would be able to deduct just $20,000, as opposed to the current $40,000.

While the median price of a house sold today is $245,000, in some expensive markets a $500,000 loan does not come close to paying for most homes. Some fear the lower cap would be particularly detrimental to first time buyers in such markets. Moreover, creating a distinction between current and future homeownership could create a disincentive to move, intensifying an already severe inventory shortage at the entry level. Increases in home values over the long term will also eat away at the value of the deduction if a plan to raise the cap over time is not put in place.

At the same time as the plan cuts back on deductions for individual homeowners, it exempts real estate investors from a new 30% limit on interest deductibility for businesses. “This tax plan would turn America from a nation of property owners into a nation of tenants renting from private equity-backed landlords,” argues Vishal Garg, CEO of Better Mortgage, an online mortgage lender focused on Millennials. “Why should corporate landlords get the deduction if your consumer homebuyer can't?”

Another change is to the provision that allows homeowners to exclude from their taxable income up to $250,000 in capital gains ($500,000 for married taxpayers) from a sale of their primary residence. Under the plan, to qualify for this break, homeowners must have owned and lived in the home for at least five of the last eight years. Currently the rule is two of the last five. Taxpayer use of the exclusion would also be limited to one sale every five years, rather than one every two. In addition, under the house bill, you begin to lose the gains exemption if adjusted gross income (in a look-back period) exceeded $500,000 if married or $250,000 if single.

Expensive markets would also be hit by the proposal to cap the deduction for property on a home at $10,000. Currently all state and local taxes are deductible in the ordinary tax (although not in the alternative minimum tax, which would be eliminated by the house bill). In the lead up to the bill’s release, local tax treatment was one of the most contentious issues. Originally on the chopping block, property taxes were spared after a revolt from Republican lawmakers from high-tax states like New York, where the effective property tax rate is 1.38% of a property's value, and New Jersey, where the effective rate is 2.13%.
The compromise, however, did little to quell real estate industry anger or investor jitters. (It is also unclear how many House Republicans from high tax states will continue to oppose the bill because of the $10,000 cap and because state and local income taxes wouldn't be deductible at all.)

Publicly traded homebuilders were hit hard by the release of the house bill, down 2.5% Thursday, a day when the market at large was roughly flat. Toll Brothers, which focuses on higher end homes, finished the day down 5.9%. (Both recovered some of their losses in morning trading Friday.)

"The House Republican tax reform plan abandons middle-class taxpayers in favor of high-income Americans and wealthy corporations,” said Granger MacDonald, chairman of the National Association of Home Builders, in a particularly strongly worded statement. “The bill eviscerates existing housing tax benefits by drastically reducing the number of home owners who can take advantage of mortgage interest and property tax incentives.”
He went on, “By undermining the nation's longstanding support for homeownership and threatening to lower the value of the largest asset held by most American families, this tax reform plan will put millions of home owners at risk."

In fact, in 2015, the mortgage interest deduction was claimed on 29.77 million tax returns, according to data from the Tax Policy Center. About 11.5 million of those returns shows adjusted gross income between $100,000 and $200,000.

John Lieberman, a certified public accountant with New York-based Perelson Weiner, advocates a more measured view of the housing impact. “There will be a psychological dent in the short term for people who stretch to buy things and we all stretch to buy our first house,” he says. “In the long run people will adjust.” The biggest change, he suspects, is that people won’t spring for extras when building a home, cutting into homebuilder profits.
The Trump administration has made a similar point. On Bloomberg Television Friday, White House Economic Adviser Gary Cohn argued, “The ability to deduct interest is a component that allows you to buy a bigger house, not what drives you to buy a house.”

Experts are still modeling who precisely will be impacted by all these changes and how much they will gain or lose compared to current law. In May, based on previously released tax plan outlines from Congress and the White House, NAR estimated taxes for 
homeowners with adjusted gross incomes between $50,000 and $200,000 would increase by an average of $815.

At that point, however, the industry was predominantly concerned that the doubling of the standard deduction (to $12,200 for individuals) would nullify the impact of the mortgage deduction. The proposal to cut the cap to $500,000, however, goes farther than NAR’s model, which also estimated the blueprint would cause a 10% drop in home values—with a greater loss in value in high tax states. Others estimates for drops in home values have been more modest. “Balancing tax reform on the backs of homeowners isn’t an option,” said NAR president Brown at the time.

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