Wednesday, December 27, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

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

#1      83 Mercer Street, New York, NY 10012 with 12 bedrooms, 12 baths 
and 3,850 sq.ft. is listed for sale at $37,800,000.



Extraordinary opportunity to own one of downtown's finest privately heldhistoric cast iron buildings in the heart of SOHO. With brilliant light from huge picture windows this stately property offers historic vistas and fabulous downtown cityscape views.The Residential condominium Unit is presently set up as (4) four luxury residentialincome producing properties. It presents as 3 magnificent full floor residencesand one stunning and sophisticated residential triplex.Each of the units has a private elevator entrance, oversize living spaces, high ceilings, huge windows, a wood burning fireplace, beautiful hard wood floors, new kitchens and bathrooms, laundry units and abundant storage.Units 2,3 and 4 are floor through units of over 2200 square feet and offer 2 full bedrooms and 2 full baths.The 5th floor PH Triplex offers 5 bedrooms and three full baths. This magical apartment with its double height ceilings, hardwood floors, enormous windows and wood burning fireplace is topped off by two rooftop terraces. The terrace to the east houses a full lounge seating area. On the top(Library) floor the patio to the West offers wide open views and breathtaking sunsets.The commercial / gallery space is classic SOHO with spectacular ceiling heights and vast open spaces.With a 2225 sq foot footprint, polished white floors, white walls and white washed historic tin ceilings there hasnt been a more authentic commercial space in downtown SOHO in the past 20 years!There is a full basement with soaring ceilings and full bathroom below and and empty lot (garage) next door  .Did anyone say development? 































Today's Top San Diego Luxury Estates.


The median home value in San Diego County is $560,800. San Diego County home values have gone up 6.6% over the past year and Zillow predicts they will rise 3.7% within the next year
The median home value in Coronado is $1,553,700. Coronado home values have gone up 3.5% over the past year and Zillow predicts they will rise 2.7% within the next year. 

The median home value in La Jolla, 92037 is $1,573,200. 92037 home values have gone up  6.4% over the past year and Zillow predicts they will rise 3.7% within the next year.

The median home value in Solona Beach, 92075 is $1,277,500. 92075 home values have increased 8.1% over the past year and Zillow predicts they will rise 3.6% within the next year.  


The median home value in Del Mar, 92014 is $1,678,200. 92014 home values have gone up 2.9% over the past year and Zillow predicts they will rise 2.7% within the next year. 

The median home value in Rancho Santa Fe is $2,733,200. Rancho Santa Fe home values have gone up 4.1% over the past year and Zillow predicts they will rise 2.9% within the next year.

#1     5333 Los Mirlitos, Rancho Santa Fe, CA 92091 with 4 bedrooms, 4 baths and 3,287 sq.ft. is listed for sale at $3,400,000.


Incredible location on a large usable lot with fully usable 3.35 acres with views across the Covenant to Black Mountain. South facing, with pool , on a cul de sac street, fully fenced and gated. Children can go to the fabulous Roger Rowe K-8 while you hit the trails, tennis club or golf. This single level ranch style home provides a well located, relaxed home perfect for ranch style living.











Today's Top LA Luxury Estate.


The median home value in Orange County is $692,900. Orange County home values have gone up 4.1% over the past year and Zillow predicts they will rise 1.7.% within the next year. 

The median home value in Los Angeles County is $588,000. Los Angeles County home values have gone up 67.8% over the past year and Zillow predicts they will rise 2.6% within the next year.

The median home value in Newport Beach is $1,704,700. Newport Beach home values have gone up 4.3% over the past year and Zillow predicts they will rise 2.2% within the next year. 

The median home value in Santa Monica is $1,502,700. Santa Monica home values have gone up 7.9% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Pacific Palisades is $2,884,200. Pacific Palisades home values have gone up 7.9% over the past year and Zillow predicts they will rise 2.8% within the next year.

The median home value in Malibu is $3.081,600. Malibu home values have gone up 8.1% over the past year and Zillow predicts they will rise 3.0% within the next year.

The median home value in Bel Air is $3,455,900. Bel Air home values have gone up 5.0% over the past year and Zillow predicts they will rise 2..2% within the next year.

The median home value in Beverly Hills, 90210 is $5,092,600. 90210 home values have gone up 7.5% over the past year and Zillow predicts they will rise 2.5% within the next year.

#1      716 North Beverly Drive, Beverly Hills, CA 90210 with 6 bedrooms, 6 baths and 5,340 sq.ft. is listed fr sale at $9,250,000.


Elegant remodeled Mediterranean Single Story family estate in Beverly Hills Flats. Located on one of the most coveted streets in the country. This 6 bed/6 bath home is over 5300 sqft and has high ceilings and light filled rooms that open to a beautifully landscaped yard with pool, spa and walls of mature hedges that provide the utmost privacy. A grand entry through wrought iron double doors reveal a bright, traditional single level open floor plan, large dining room, elegant step-down living room with stone fireplace. Family room with built in bar overlooks the yard and is adjacent to a private chef's kitchen with stainless-steel appliances and center island breakfast area. The spacious master suite opens to the pool area and has dual dressing areas, closets and a large spa tub. All supporting bedrooms are large and fitting for a family. Located two blocks from world famous Beverly Hills Hotel and close to great shopping and restaurants in Beverly Hills, Century City and W Hollywood. 
















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 $251,200. Maricopa County home values have gone up 7.1% over the past year and Zillow predicts they will rise 3.0% within the next year.

The median home value in Scottsdale is $434,700. Scottsdale home values have gone up 5.0% over the past year and Zillow predicts they will rise 2.4% within the next year.

The median home value in Carefree is $747,800. Carefree home values have gone up 0.8% over the past year and Zillow predicts they will rise 1.3% within the next year. 

The median home value in Paradise Valley is $1,638,100. Paradise Valley home values have gone up 2.2% over the past year and Zillow predicts they will rise 1.5% within the next year.

#1     6483 East El Maro Circle, Paradise Valley, AZ, 85253 with 6 bedrooms, 10 baths and 14,021 sq.ft. is listed for sale at $6,975,000.


Experience this elegant single level 6 bed 10 bath 2+acre estate in an exclusive gated community that underwent a million dollar+ renovation in 2014-15. World class amenities include: 12car detached climate-controlled garage, 4car attached garage, show-stopping chef's kitchen, theater, billiard room, air-conditioned/heated ramada w/ full kitchen, bar & bathroom, N/S lit tennis court & telescoping glass walls which open to a mosaic tiled diving & lap pool. Master suite boasts separatehis/her grand closets & bathrooms. Kid's wing offers 4 ensuites, gym, sauna & steam room with an attached full guest house. Grounds feature outdoor children's play house, volleyball court, heaters & misters & more. This smart home is an entertainer's dream & completely embodies the AZ indoor/outdoor lifestyle. 























Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco County is $1,276,000. San Francisco County home values have gone up 12.9% over the past year and Zillow predicts they will rise 4.3% within the next year. 

The median home value in Marin County is $1,081,500. Marin County home values have gone up 7.2% over the past year and Zillow predicts they will rise 3.9% within the next year.9
The median home value in Santa Clara County is $1,152,300.  Santa Clara County home values have gone up 17%.6 over the past year and Zillow predicts they will rise 8.8% within the next year.

The median home value in Sausalito is $1,362,900. Sausalito home values have gone up 6.2% over the past year and Zillow predicts they will rise 3.9% within the next year. 

The median home value in Tiburon is $2,580,200. Tiburon home values have gone up 5.4% over the past year and Zillow predicts they will rise 3.4% within the next year

The median home value in Palo Alto is $2,883,600. Palo Alto home values have gone up 15.6% over the past year and Zillow predicts they will rise 8.4% within the next year.         
            
The median home value in Los Altos is $3,118,100. Los Altos home values have gone up 13.1% over the past year and Zillow predicts they will rise 7.3% within the next year.         

The median home value in Saratoga is $2,715,800. Saratoga home values have gone up 14.5% over the past year and Zillow predicts they will rise 8.2% within the next year.    

The median home value in Atherton is $6,939,400. Atherton home values have gone up 11.8% over the past year and Zillow predicts they will rise 4.3% within the next year.

#1      207 Valley Street, Sausalito, CA 94965 with 4 bedrooms, 4 baths and 2,262 sq.ft. is listed for sale at $2,775,000.



WATERFRONT Income property!! 4 units (3 one Br plus one studio) two buildings, fully leased @ below market rents. Nicely remodeled upper unit, 3 units have stunning Bay and Angel Island views from private decks w small beach below! Live in one and let your tenants pay your mortgage, or convert to SFD and live the dream on the water in Sausalito. Great commute location, close to everything!






















Today's Top Seattle Luxury Estate

Image result for Seattle  
The median home value in King County is $602,200. King County home values have gone up 15.3% over the past year and Zillow predicts they will rise 6.3% within the next year

The median home value in Kirkland is $717,100. Kirkland home values have gone up 20.1%  over the past year and Zillow predicts they will rise 7.2% within the next year.

The median home value in Seattle is $708,600. Seattle home values have gone up 15.3% over the past year and Zillow predicts they will rise 6.2% within the next year.

The median home value in Bellevue is $871,100. Bellevue home values have gone up 16.6% over the past year and Zillow predicts they will rise 6.3% within the next year.

The median home value in Mercer Island is $1,422,600. Mercer Island home values have gone up 7.9% over the past year and Zillow predicts they will rise 4.2% within the next year. 

.The median home value in Clyde Hill is $2,650,900. Clyde Hill home values have gone up 18.7% over the past year and Zillow predicts they will rise 7.1% within the next year.

 The median home value in Medina is $2,708,900. Medina home values have gone up 14.1% over the past year and Zillow predicts they will rise 6.3% within the next year.


#1     1300 44th Avenue SW, Seattle, WA 98116 with 4 bedrooms, 4 baths 
and 4,450 sq.ft. is listed for sale at $2,998,000.



This home awaits that one special owner that has been awaiting this coveted neighborhood of Sunset in North Admiral. The dramatic view that is simply unparalleled will be the talk of the town when you entertain your guests or simply relax and enjoy. Thoughtfully framed windows capture the view at every step including a view of both the Space Needle and Mt. Rainier from the Master suit shower. The home has beautiful Acacia floors and solid Mahogany doors as apallet awaiting your designer touches to create your unique flare. The home is equip with an elevator, radiant floor heat, LED green efficiency and 220W on the roof top deck for a hot tub and wet bar. The view plays like a symphony of entertainment as you watch the ferries pass swelling the activity of both Elliot Bay and Puget Sound or gaze deepens onto either the Cascade or Olympic Mountains. The lights of the city seem to dance at your window at night leaving you mesmerized. Then on those special days when you see Mt. Rainier from the roof top deck you are reminded why living in Seattle is one of the most beautiful cities to live- work-play and dream. We are working on the finishing touches for this home to be ready for occupancy January 2018. Reward yourself with this Unique Luxury home in Seattle. 










Today's Best Mortgage Rates
Mortgage Rates Seasonally Sideways
Dec 26 2017, 4:37PM

Mortgage rates were lifeless today as financial markets drifted sideways.  Although rates CAN move during the last week of December when there's an imbalance between buyers and sellers in bond markets, that's the exception to the rule.  We tend to see days exactly like today with effectively zero change in lender rates sheets compared to the previous business day (in this case, last Friday). 

In the bigger picture, it's reassuring to see rates hold sideways after they spiked early last week.  That said, the sideways momentum is best viewed as symptom of the season.  We'll know a lot more about underlying momentum in rates by the 2nd week of January.  Between now and then, there's limited risk and limited reward when it comes to floating vs locking. 

                                                                                                                        52 Week 

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.09%4.09%--3.84%4.39%
15 Yr FRM3.42%3.41%+0.013.12%3.61%
FHA 30 Year Fixed3.75%3.75%--3.35%4.05%
Jumbo 30 Year Fixed4.24%4.24%--4.10%4.60%
5/1 Yr ARM3.24%3.24%--2.98%3.25%


Today's Top Real Estate News Article
Pending Home Sales See Slight November Gains
Dec 27 2017,

By Jann Swanson
Mortgage News Daily

Pending home sales pulled off a second straight gain in November, but just barely.  The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), which is based on contracts for existing home purchases, rose 0.2 per percent to 109.5 compared to the October level of 109.3.  The November reading was the highest since June, and was higher year-over-year for the first time since then, beating the November 2016 level by 0.8 percent.

The gain was less than the 0.5 percent increase analysts polled by Econoday had expected, although their predictions covered a lot of territory.  The range varied from -1.0 to 5.0 percent.

Lawrence Yun, NAR chief economist, said, "The housing market is closing the year on a stronger note than earlier this summer, backed by solid job creation and an economy that has kicked into a higher gear.  However, new buyers coming into the market are finding out quickly that their options are limited and competition is robust. Realtors say many would-be buyers from earlier this year, stifled by tight supply and higher prices, are still trying to buy a home."  NAR also noted that 2018 existing-home sales and price growth are expected to slow, primarily because of the altered tax benefits of homeownership affecting some high-cost areas.   

One of the biggest questions heading into the new year, according to Yun, is if the depressed levels of available supply can improve enough to slow price growth and make buying a home more affordable. While last month's significant boost in existing sales was noteworthy, it did come with some concerns. Sales prices were up 5.8 percent - more than double wage growth - and the 3.4-month supply of homes on the market was the lowest since NAR began tracking that statistic in 1999.  

"The strengthening economy, and expectation that more millennials will want to buy, serve as promising signs for solid homebuying demand next year," Yun said, "while also putting additional pressure on inventory levels and affordability.  Sales do have room for growth in most areas, but nationally, overall activity could be slightly negative. Markets with high home prices and property taxes will likely feel some impact from the reduced tax benefits of owning a home" These include a lower cap on the mortgage interest deduction and a new cap on the amount of property tax that can be deducted.

Yun forecasts that existing-home sales will finish out this year up 1.7 percent from 2016 at around 5.54 million units. He also projects an annual increase of about 6.0 percent in the national median existing-home price.  He anticipates essentially no change (a decline of 0.4 percent) in existing sales (5.52 million) in 2018, and for price growth to moderate to around 2 percent.

The Northeast saw the greatest improvement in month-over-month activity. The PHSI 
for the region jumped 4.1 percent to 98.9, and is now 1.1 percent above a year ago. In the Midwest the index rose 0.4 percent for the month and 0.8 percent year-over-year to 105.8.

The other two regions did not fare as well.  Pending home sales decreased 0.4 percent in the South, to an index of 123.1, but remain 2.5 percent higher than last November. The index in the West declined 1.8 percent to 100.4, and lags November 2016 by 2.3 percent.
The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.
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