Tuesday, December 19, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1     1003 Elden Way, Beverly Hills, CA 90210 with 6 bedrooms, 9 baths 
and 6,097 sq.ft. is listed for sale at $21,000,000.



Premiere North of Sunset location in the most prestigious area of Beverly Hills on a "hidden" cul-de-sac street, just blocks from the famous Beverly Hills Hotel. Come remodel the existing home or build new. This rare, private and gated tennis court estate offers 2nd story city and ocean views and is delivered with City of Beverly Hills approval letter for 15,000 sq ft ultra-refined French Modern estate with a sophisticated floor plan, complete with 2 levels of outdoor entertaining areas, infinity pool with open bar, 8 en-suite bedrooms 13 baths, 5 car garage, elevator, home theater, spa, massage, salon and gym. Existing Mediterranean estate has double story entry leads to ballroom sized living room with French doors opening to a lush huge garden, swimming pool, full pool house/guest house. 





















Today's Top San Diego Luxury Estates.


The median home value in San Diego County is $555,800. San Diego County home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.7% within the next year
The median home value in Coronado is $1,529,100. Coronado home values have gone up 3.6% over the past year and Zillow predicts they will rise 1.4% within the next year. 

The median home value in La Jolla, 92037 is $1,532,000. 92037 home values have gone up  4.7% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Solona Beach, 92075 is $1,297,500. 92075 home values have declined -0.8% 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 $1,613,200. 92014 home values have gone up 0.7% over the past year and Zillow predicts they will rise 0.5% within the next year. 

The median home value in Rancho Santa Fe is $2,650,800. Rancho Santa Fe home values have gone up 0.8% over the past year and Zillow predicts they will rise 0.9% within the next year.

#1      17315 Circa Oriente, Rancho Santa Fe, CA 92067 with 5 bedrooms, 7 baths and 8,178 sq.ft. is listed for sale at $4,690,000.




Tucked away within the private gates of Fairbanks Ranch in Rancho Santa Fe & situated on one of the largest lots in the community, this magnificent 5+ bedroom estate offers breathtaking views, multiple gardens, an Olympic size pool w/ jacuzzi, tennis court & much more! The owners chose this lot because of its private 3.72 usable acres and its breathtaking views. You will not find a better lot in Fairbanks that has these 360 degree views. Perched on top of a hill, the architect made sure this house was positioned to enjoy calm ocean breezes all year long.


















Today's Top LA Luxury Estate.


The median home value in Orange County is $692,900. Orange County home values have gone up 4.0% over the past year and Zillow predicts they will rise 0.5% within the next year. 

The median home value in Los Angeles County is $576,900. Los Angeles County home values have gone up 6.6% over the past year and Zillow predicts they will rise 1.2% within the next year.

The median home value in Newport Beach is $1,654,500. Newport Beach home values have gone up 1.5% over the past year and Zillow predicts they will rise 0.6% within the next year. 

The median home value in Santa Monica is $1,401,400. Santa Monica home values have gone up 0.2% over the past year and Zillow predicts they will fall -0.3% within the next year

The median home value in 90049 is $2,404,100. 90049 home values have declined -0.8% over the past year and Zillow predicts they will fall -1.2% within the next year.

The median home value in Pacific Palisades is $2,743,900. Pacific Palisades home values have gone up 3.7% over the past year and Zillow predicts they will rise 0.5% within the next year.

The median home value in Malibu is $2,974,700. Malibu home values have gone up 6.6% over the past year and Zillow predicts they will rise 1.0% within the next year.

The median home value in Bel Air is $3,316,000. Bel Air home values have gone up 2.0% over the past year and Zillow predicts they will fall -0.2% within the next year.

The median home value in Beverly Hills, 90210 is $4,890,900. 90210 home values have gone up 4.5% over the past year and Zillow predicts they will rise 0.5% within the next year. 

#1     31957 Virgina Way, Laguna Beach, CA 92651 with 4 bedrooms, 4 baths 
and 2,269 sq.ft is listed for sale at $12,000,000.

31957 Virginia Way, Laguna Beach, CA 92651
Location! Location!! Breathtaking views of the ocean and mountains!! With large 3 bedrooms, 3 baths, marble floors, fireplace, house is very open and bright. Lots of windows, view from every corner, 2 car garage and lots of driveway parking spaces too!! Very high income properties. Sale includes  buildable lot at 31954 Coast Highway.

31957 Virginia Way, Laguna Beach, CA 92651

31957 31959 Virgina Way, Laguna Beach, CA

31957 Virginia Way

31957 Virginia Way, Laguna Beach, CA 92651

31957 Virginia Way, Laguna Beach, CA 92651

31957 Virginia Way, Laguna Beach, CA 92651

31957 Virginia Way, Laguna Beach, CA 92651


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 $248,200. Maricopa County home values have gone up 6.3% over the past year and Zillow predicts they will rise 2.9% within the next year.

The median home value in Scottsdale is $427,600. Scottsdale home values have gone up 3.6% over the past year and Zillow predicts they will rise 1.8% within the next year.

The median home value in Carefree is $745,700. Carefree home values have gone up 1.9% over the past year and Zillow predicts they will rise 1.5% within the next year. 

The median home value in Paradise Valley is $1,621,200. Paradise Valley home values have gone up 1.9% over the past year and Zillow predicts they will rise 1.0% within the next year.

#1      8436 North Golf Drive, Paradise Valley, AZ 85253 with 6 bedrooms, 8 baths and 9,000 sq.ft. is listed for sale t $2,500,000.


This home was recently brought down to the studs and remodeled. Additional master suite and garage was added. Great views overlooking Mummy Mountain and Camelback Country Club. All bedrooms are en suite and the home also features a wine room which can be used as a theater room as well. This home will not last!










Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco County is $1,249,600. San Francisco County home values have gone up 11.8% over the past year and Zillow predicts they will rise 2.3% within the next year. 

The median home value in Marin County is $1,058,400. Marin County home values have gone up 6.1% over the past year and Zillow predicts they will rise 1.2% within the next year.

The median home value in Santa Clara County is $1,093,600. Santa Clara County home values have gone up 12.1% over the past year and Zillow predicts they will rise 5.7% within the next year.

The median home value in Sausalito is $1,326,600. Sausalito home values have gone up8.6% over the past year and Zillow predicts they will rise 0.7% within the next year. 

The median home value in Tiburon is $2,559,300. Tiburon home values have gone up 6.9% over the past year and Zillow predicts they will rise 0.9% within the next year

The median home value in Palo Alto is $2,728,800. Palo Alto home values have gone up 10.1% over the past year and Zillow predicts they will rise 5.0% within the next year.         
            
The median home value in Los Altos is $2,926,900. Los Altos home values have gone up 6.2% over the past year and Zillow predicts they will rise 3.4% within the next year.         

The median home value in Saratoga is $2,579,400. Saratoga home values have gone up 8.9% over the past year and Zillow predicts they will rise 4.9% within the next year.    


The median home value in Atherton is $6,585,600. Atherton home values have gone up 5.8% over the past year and Zillow predicts they will rise 1.8% within the next year.

#1     5445 Sonoma Mountain Road, Santa Rosa, CA 95404 with 3 bedrooms, 4 baths and 2,460 sq.ft. is listed for sale at $3,995,000.




Quintessetial wine country living on picturesque Sonoma Mountain Rd. The LIA zoned 24.59 acre estate features Pinot Noir, Chardonnay, and Syrah boasting 90-94 pt. estate wines. The property backs up to North Sonoma Mountain Park. Hike or ride your horses directly from your 3 stall horse barn to the many exceptional restaurants in charming Glen Ellen. Enjoy world class cuisine, viticulture, and equestrian lifestyle from your farmhouse luxury home.









Today's Top Seattle Luxury Estate

Image result for Seattle  
The median home value in King County is $592,300. King County home values have gone up 14.2% over the past year and Zillow predicts they will rise 5.5% within the next year

The median home value in Kirkland is $706,900. Kirkland home values have gone up 18.8%  over the past year and Zillow predicts they will rise 6.5% within the next year.

The median home value in Seattle is $697,700. Seattle home values have gone up 14.1% over the past year and Zillow predicts they will rise 5.4% within the next year.

The median home value in Bellevue is $853,500. Bellevue home values have gone up 14.7% over the past year and Zillow predicts they will rise 5.5% within the next year.

The median home value in Mercer Island is $1,380,200. Mercer Island home values have gone up 6.0% over the past year and Zillow predicts they will rise 3.0% within the next year. 

The median home value in Clyde Hill is $2,636,300. Clyde Hill home values have gone up 19.1% over the past year and Zillow predicts they will rise 7.2% within the next year.

The median home value in Medina is $2,709,200. Medina home values have gone up 16.7% over the past year and Zillow predicts they will rise 6.3% within the next year.


#1      8520 Hunts Point Lane, Hunts Point, WA 98004 with 4 bedrooms, 4 baths and 3,070 sq.ft. is listed for sale at $2,880,000.


Mediterranean Retreat. The sweeping circular driveway provides a grand entry to a resort-style Porte cochère. Brand new porcelain marble like floor & carpet throughout the home, update bathrooms and new interior paint. Dramatic 13 ft exposed beam ceiling and a wall of windows seamlessly invite you to your outdoor dining space where you can celebrate & explore the grounds amidst the peaceful babble of Cozy Cove Creek. Hunts Points Park, Tennis courts & Weatherill Nature Preserve are at your doorstep.
















Today's Best Mortgage Rates
Mortgage Rates Rise Only Slightly Despite Weaker Market Cues
Dec 18 2017, 5:02PM

Mortgage rates bounced modestly higher today, bringing the average lender back in line with last Wednesday's levels.  Bond markets (which underlie mortgage rate movement) suggested a slightly bigger bounce.  We may not have seen such a bounce simply due to timing.  Specifically, bonds weakened throughout the day, but few lenders adjusted rate sheets in the afternoon.  As such, we could begin the day tomorrow at a bit of a disadvantage, unless bond markets improve overnight.

For several months, 4.0% has been the most prevalently-quoted conventional 30yr fixed rate on top tier scenarios.  We discuss "rates" as moving up and down during that time but in reality, the only things moving are the upfront closing costs associated with that rate.  It's not uncommon for rates to be exceptionally flat heading into the end of the year, but in this case, they began flattening out in late September.  This increases the potential for a bigger move whenever we finally see a break outside the recent range.  
                                                                                                                    52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.97%3.96%+0.013.84%4.39%
15 Yr FRM3.30%3.30%--3.12%3.61%
FHA 30 Year Fixed3.60%3.55%+0.053.35%4.05%
Jumbo 30 Year Fixed4.13%4.12%+0.014.10%4.60%
5/1 Yr ARM3.21%3.20%+0.012.98%3.25%

Today's Top Real Estate News Article

The Best Housing Market in a Decade, Now What?



By Leonard Kiefer, Derputy Chief Economist
Freddie Mac

The economic environment for housing in 2017 was quite favorable and housing markets responded positively, having their best year in a decade. Incomes were up and job growth was strong. Mortgage rates remained low, falling for much of the year. Home sales through October were on track for the highest total in a decade, housing construction picked up, albeit slowly, and home price appreciation remained robust. And all those Millennials we have been hearing so much about? They finally started to move markets, forming households and buying homes at increasing rates

Favorable Economic Trends

Earlier this year, the U.S. Census Bureau reported that U.S. median household income increased for the second year in a row to over $59,000 1in 2016. Income growth carried over into 2017.  Real Gross Domestic Product has averaged 2.5 percent growth over the first three quarters of 2017. Economic growth in this expansion has been weak relative to prior expansions, but we have seen growth averaging about 2 percent a year since 2012.

While overall economic growth has been modest, job gains have been strong. The U.S. labor market has had positive month-over-month job growth for 86 consecutive months, the longest streak in post-war history. Job growth has helped to push the unemployment rate to 4.1 percent, the lowest level since December 2000. 

Despite the low unemployment rate, consumer price inflation remains subdued. Headline inflation has averaged about 1 percent over the past three years. Low consumer price inflation helps consumers by supporting purchasing power, but it also has another key impact on the housing market; it helps to keep mortgage rates low.

And mortgage rates are indeed low. In our Primary Mortgage Market Survey, U.S. weekly average 30-year fixed mortgage rates peaked at 4.3 percent in March, but then trended down, falling below 4 percent since May and standing at 3.94 percent as of December 11, 2017. Low rates help support homebuyer affordability. For example, the decline in rates from March to December saved a typical homebuyer about $600 a year in mortgage payments2.

How the Housing Market Responded

These positive economic factors have helped to support housing demand. Despite being weighed down by low levels of available for-sale inventory, home sales are on pace for their highest total in a decade. Part of the reason for a lack of inventory is a slow recovery in new home construction, but single-family construction is grinding higher. A steady improvement in new home construction will be key to restoring balance to housing markets.

Tight supply conditions have contributed to rapid house price appreciation. Per our own Freddie Mac House Price Index, home prices increased 6.8 percent nationally over the 12 months ending September 2017. The increase in home prices led us and many others to ask: Are we in another house price bubbleSpoiler alert: no, not now, but read on to find out what we should be looking at going forward.

Despite growing affordability challenges, young adults have started to move the mortgage market. The homeownership rate pdf for households under 35 years of age increased 1.4 percentage points from the third quarter of 2016 to the third quarter of 2017. With a population of over 70 million, even modest increases in the rates of homeownership by the Millennial generation will have a big impact on the housing market. The total number of first-time homebuyers through the first three quarters of 2017 was 1.6 million, up 8 percent from the same period last year per a report by Genworth.

I’m proud to say that Freddie Mac helped 349,000 of those first-time homebuyers in 2017, thanks to innovative solutions like our Home Possible® mortgages and our willingness to continually innovate and engage in smart risk taking.

What to Look for Next Year

It’s unlikely the economic environment will be much more favorable for housing and mortgage markets next year. Income growth should remain positive, but not enough to offset the other factors affecting homebuyer affordability. We’re expecting that interest rates will remain low, but gradually move higher. Housing construction should gradually pick up, helping to supply more homes to inventory-starved markets. More housing supply and modestly higher rates will lead to a moderation in house price growth.

One wild card is tax policy. Changes to tax policy have the potential to shift the trajectory of housing markets. The size of the impact that these changes will have is up for debate. Estimates from different analysts show a large variation in estimated impact, based on assumptions about which provisions will be enacted and how the economy will respond. National Association of Home Builders CEO Jerry Howard said that the proposed tax plan would lead to a drop in house prices and could lead to a housing recession. Yale economics professor and Nobel laureate Robert Shiller believes that the plan won’t have a large impact.

If the tax bill increases the deficit, inflation expectations may rise and put pressure on long-term interest rates including mortgage rates. A large increase in mortgage rates would significantly dampen housing market activity. On the other hand, increased after-tax income for some households may support consumption spending, and reduced corporate taxes may drive private investment spending higher. 

The resulting increases in incomes and Real GDP may partially or even completely offset the negative impact of higher mortgage rates. At this point it’s hard to say exactly what the total impact on housing markets will be. What we can feel confident about is that housing affordability will be a growing challenge in 2018 and beyond. With limited supply and a large, growing, young adult population entering peak homebuying years, competition in the year to come will be fierce.

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