How Will Having a New President Impact Your Mortgage? Let’s Take a Look

How Will Having a New President Impact Your Mortgage? Let's Take a LookThere is always uncertainty in the market in an election year, but many people are wondering exactly what kind of impact Donald Trump’s election will have on their mortgage and the real estate options available. Whether you are still paying off your home or have been shopping around for the right one, here are some possibilities for the real estate market following the results of the 2016 election.

An Increase In Luxury Properties

With the release of Donald Trump’s tax plan which provides the most sizeable tax cuts to the wealthy, it could be the case that there will be an increase in the demand for high-end properties which may lead to less availability and a higher price point. As this kind of demand could also work to bump up the median price of real estate in urban areas, it could have an adverse impact on low-income earners who may see themselves priced out of a more expensive market.

Rising Mortgage Rates

Most people that have been perusing the market recently have heard about the low interest rates that make purchasing a home a good financial decision. However, following the uncertainty of the election, interest rates are on the rise. While the sense of instability may persist until potential homebuyers know more, this boost in the rates since the election may mean that many buyers will decide to hold off until the new year.

A Loosening Of Regulations

The concept of the cost involved in regulation was something that Donald Trump brought up many times on the campaign trail, and this could be a sign that he is ready to make adjustments when it comes to housing regulations. While there may be little he can do at the local level, if regulation changes take hold, this could mean more loan opportunities for those with a poor credit history who may not have been a shoe-in for a mortgage previously.

With the fluctuations of the market dependent upon a variety of factors, it’s hard to say what will occur in the mortgage market in the next few months and years. However, with mortgage rates on the rise and the potential change in regulations, it could continue to fluctuate until there is more certainty on the horizon.

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19920 W Verde Hills Drive Wickenburg, AZ 85390

$12,000,000
3 Beds
3.5 Baths
5,339 SqFt
Status Active
MLS # 6527371
Property Type Single Family Residence
Price Type --
Wickenburg's Premier Equestrian Estate on over 400 Acres of lush high Sonoran Desert with views in all directions. A magnificent custom designed (by Bill Otwell) and built (by Joe Culhane) Main Residence w/Five Patio's and Extensive Landscaping including a custom built Rock Driveway. Custom designed & built detached Garage w/RV Bay. Guest Home, Horse Facilities. 108.3 Acres and Residence in Yavapai County, 295.47 Acres in Maricopa County.

9333 E Happy Valley Road Scottsdale, AZ 85255

$12,000,000
11 Beds
12 Baths
20,211 SqFt
Status Active
MLS # 6611332
Property Type Single Family Residence
Price Type --
Nestled behind towering privacy gates, this Mediterranean-inspired estate unveils itself as a haven of luxury, privacy, and unparalleled grandeur. Crafted by a visionary owner, this residence transcends the ordinary, offering an array of luxurious amenities and quality finishes that rival the most exclusive 5-star resorts. With sweeping views of the iconic Pinnacle Peak to the north and the glittering city lights and majestic Camelback Mountain to the south, this property is a true masterpiece. Whether you're a car collector, equestrian enthusiast, toy aficionado, or a consummate entertainer, this estate caters to your every passion. Garages that house prized collections, entertainment spaces that dazzle, outdoor oasis that is an immersive experience designed to delight the senses. More than just a garden, this lush landscape represents an investment in timeless beauty. The deliberate choices made by the owner have resulted in a sanctuary that transcends the ordinary.

11450 E Hideaway Lane Scottsdale, AZ 85255

$12,000,000
5 Beds
7 Baths
6,925 SqFt
Status Active
MLS # 6536559
Property Type Single Family Residence
Price Type --
Exclusive Silverleaf Summit estate is perfectly perched at the top of this coveted enclave deep in the majestic McDowell Mountains. With breathtaking views in every direction, this captivating custom home captures picturesque sunsets, city lights and stunning mountain terrain. For those seeking privacy, tranquility, a canvas for creativity, nearly 4 acres of pristine desert and luxurious minimalism, Hideaway Lane is the ultimate destination. Long paver drive winds up past the gated motor court to the elevated entryway and private courtyard. Custom iron & glass entry door invites you to a truly open, seamless space. Intimate formal dining room currently used as a secondary living area, expansive great room and understated yet elegant gourmet kitchen with breakfast room all share the most incredible views in Silverleaf. Three generously sized bedroom suites, powder room and laundry room complete the first floor living. Modern wood & glass staircase leads up to the elegant owners' retreat which speaks for itself. Inviting the panoramic views in, this suite is thoughtfully planned with its fireplace and luxurious spa bath, complete with outdoor shower reaching to the sky. French doors open to the valley views and to the gallery deck, which spans the length of the home. Across the hallway, open flex space with full bath offers a loft view to the living areas below, and is perfect for pilates, a studio, or anything that inspires. Down to the lower level, the entertainment zone is home to theatre room, custom crafted modern bar & glassed in wine room along with additional powder room. This is also the garage & motor court level with abundant storage. Elevator services all three levels.From the entry courtyard across from the main house is the attached fully appointed guest casita which shares the special views and provides a truly separate yet connected space for guests. For the piece de resistance, celebrate the reason for this home. Enjoy the expansive outdoor living space from the telescoping great room doors...dine al fresco, take a night swim or spa overlooking the Valley, or simply relax and take in the views. This resort is only minutes from world class shopping, dining, outdoor recreating and all amenities offered by the DC Ranch community. However, this home feels miles away, close to nature, and made for a very special buyer. Welcome Home!

6200 E Quartz Mountain Road Paradise Valley, AZ 85253

$11,999,888
4 Beds
5.5 Baths
6,805 SqFt
Status Active
MLS # 6674881
Property Type Single Family Residence
Price Type --
Award winning - Builder, TeMac, & Architect, Candelaria Design - team for an epic Mountainside Retreat. This stately, single-level estate, offers all of the modern day amenities, & the peaceful getaway you need & deserve, with miles of view corridors over the Sonoran desert; all the while only minutes from world-class: shopping, entertainment & fine dining. The estate, perched on Mummy Mountain, on over an acre of flat land, boasts its own wellness center for relaxation, zen garden atrium, a spacious primary wing with two huge closets, spa like bathroom, sitting area, and massive doors and windows for scenic enjoyment. The indoor outdoor living is abundant with a true resort infinity edge pool, massive kitchen, game room, gym, 3 additional en-suites, an office, and 4 garages.

8185 E Alameda Road Scottsdale, AZ 85255

$11,995,000
5 Beds
11 Baths
5,950 SqFt
Status Active
MLS # 6593970
Property Type Single Family Residence
Price Type --
Boasting nearly 10 acres of land, this gated estate includes a stunning Spanish-style main house, a full equestrian facility, an entertainment pavilion with attached theater, 2 standalone casitas, 2 staff apartments & a 1200 sqft multi-use building. The 5,950 sqft main home was renovated in 2021. Vaulted, wood beamed ceilings, engineered hardwood floors & statement luxury light fixtures through-out the home. The primary suite presents a seating area, balcony & spa worthy ensuite. The backyard has an outdoor kitchen, a heated pool, spa & putting green. The 5,000-SF, entertainment pavilion has a game room, full bar, kitchen, gym, yoga studio & 3rd-level deck with 360º mountain and city views. The equestrian facility encompasses 15 stalls, 2 arenas, 3 turnouts & 2 RV parking.

21487 N 110th Place Scottsdale, AZ 85255

$11,950,000
4 Beds
5 Baths
8,889 SqFt
Status Active
MLS # 6645881
Property Type Single Family Residence
Price Type --
This timeless Modern Mediterranean estate is located on a quiet cul-de-sac in the heart of Silverleaf's prestigious Upper Canyon. Captivating views are found in every room, capitalizing on its 2250' elevation and unique mountain setting. This grand residence is the ideal size encompassing 8,889 square feet of indoor livable space in addition to sprawling outdoor living areas. The superb interior styling, orchestrated by Donna Vallone of Vallone Design, creates the perfect blend of casual luxury with a sophisticated modern edge. The house was designed by architect Luis Antonio Bonilla owner of the Antigua Home Designs. The main level living offers a large Primary retreat with spa-like bathroom, a private guest suite, luxurious office, spacious living room with bar area, grand soaring ceilings and pocket doors seamlessly blending the indoor and outdoor. The second-floor features two oversized guest suites. This estate home was built to the highest standard of quality and detail by Argue Custom Homes. Quality finishes throughout include the gourmet kitchen with Wolf/Subzero appliances, wide plank wood flooring, crown moldings and custom ceiling detail, extensive home automation system, back lit wine wall and private Office. Outdoor living spaces include a large covered rear patio in addition to two separate ramadas, a BBQ center, heated pool/spa and extensive turf. The immaculate and spacious 4 car garage including a custom show garage is yet another highlight. This home is a rare find in the neighborhood due to its combination of size, styling and views. Silverleaf is a renowned master-planned community known for its award-winning golf club, guard-gated privacy, dramatic classic architecture, proximity to the McDowell Mountains, and access to nearby schools, shopping, and dining.

6525 E Bluebird Lane Paradise Valley, AZ 85253

$11,900,000
5 Beds
6 Baths
7,870 SqFt
Status Active
MLS # 6613083
Property Type Single Family Residence
Price Type --
This estate is is Lot II of III in the Bird Street Estates. Situated on over an acre, this estate epitomizes opulence and grandeur. As you step foot into this estate, you will immediately be captivated by its unparalleled architectural scale. This two-story marvel has been elevated to capture the breathtaking views of Mummy Mountain. Every element of its orientation and site design has been meticulously crafted to ensure that these awe-inspiring vistas are visible from every angle within the property. The essence of indoor-outdoor living is masterfully accentuated by a linear design expression, seamlessly blending the interior with the exterior. This residence boasts expansive indoor-outdoor living areas and is equipped with first-class amenities that cater to the most discerning tastes. An outdoor bar, a zero-edge pool, large covered patios, and a spacious grass lawn provide the perfect backdrop for unwinding and entertaining amidst the desert's natural splendor.

20715 N 103rd Place Scottsdale, AZ 85255

$11,900,000
5 Beds
7 Baths
12,797 SqFt
Status Active
MLS # 6626124
Property Type Single Family Residence
Price Type --
Impeccable Modern Mediterranean Estate in Silverleaf! Built by Salcito Custom Homes and designed by world renowned architect Dale Gardon this private gated estate offers unrivaled quality. Enter through the 13-foot glass and iron door to reveal 22-foot ceilings, exquisite chandeliers, marble floors and just under 13,000 square feet of modern Mediterranean living. Boasting 5 bedrooms and 7 bathrooms, this exceptional and gracious estate is meticulously crafted with the highest quality materials and professionally maintained, delivering both luxury and comfort. The second floor Principal Suite is a revelation, encompassing a luxuriously large bedroom, dual walk-in closets and separate bathrooms, a sauna, and a whimsically beautiful shoe boutique! Dale Gardon has crafted conceptual ... plan options to include a Principal Suite on the main level. A sophisticated yet welcoming floor plan provides for relaxed living or sumptuous entertaining with a chef's kitchen, lovely breakfast nook, glamorous formal living, and dining rooms. The media / game room has Swarovski Crystal curtains, built in wine fridge, solid wood floors, silver leaf inlaid ceiling and a fireplace, all designed with unsurpassed attention to detail. There is a Fendi inspired detached 2,700 square foot guest home featuring a beautifully designed private spa, state of the art exercise room, outdoor shower, putting green and multiple patios. Other thoughtful amenities located throughout this magnificent nearly 2-acre estate include custom cabinetry, 2 laundry facilities, elevator, wine room, 8 fireplaces, formal European gardens, heated pool, gated auto court with six climate-controlled auto garages and an electric vehicle charging station, fully equipped barbeque pavilions and phenomenal views of the McDowell Mountains and Silverleaf golf course. Don't miss out on this opportunity to make this home your own!

5939 E Quartz Mountain Road Paradise Valley, AZ 85253

$11,900,000
5 Beds
8 Baths
8,320 SqFt
Status Active
MLS # 6629682
Property Type Single Family Residence
Price Type --
Spectacular views, nestled in nature, this hillside home w/ a Private detached Guest house below offers peace and tranquility on the highest point of prestigious Hummingbird Lane. it features Floor to ceiling glass & expansive window walls thru-out on a single level . Premium quality construction & finishes: Double wall design w/15'' thick steel & concrete exterior walls + int. framing, the latest tech-engineering propelled the design. Wired for full automation; Hi-speed Tesla chargers in His & Her garages. Landscape near completion w/ a 50ft. circular Entry court that allows Parking for 6+ cars. 2 separate Pave-stone drives. Main home is 5600 sq.ft. and a private year-round Guest home of 2700 sq.ft. gives a multitude of options. Private pool at the Guest house a full sub-zero kitchn. Quiet sophistication is the theme of the home. The Views capture Mummy Mnt,.to the South and panoramic vistas to the North w/ a private Desert garden that provides a nature trail for access to Hummingbird Lane. A very special MM-Park view lot is double deep and fronts on Quartz mnt. on the North and ascends to Hummingbird Lane on the South for perfect sunrise & sunset walks. The guest house was designed for parents or family use w/ all the amenities of a SFR home. Separate Dining room/ family/Living room & breakfast area. Currently has a spacious 2 car garage, but home could be reconfigured for more garages or anything to suit the needs of a buyer who appreciates the finest Hillside/North views in PV. on a very special lot. $ Million+ Boulder Formation & landscape package w/ mature-select Ironwood & desert trees; the setting & location.....is a must see to appreciate.

8302 N Mockingbird Lane Paradise Valley, AZ 85253

$11,500,000
6 Beds
7 Baths
8,151 SqFt
Status Active
MLS # 6632749
Property Type Single Family Residence
Price Type --
This brand new desert contemporary home is brought by luxury developer Aspen Dev Co and checks all the boxes! The 8,151SF home includes 6 en-suite bedrooms including a separate 1bd room apartment, office, media/theatre room, guest den (or kids playroom), mudroom, exercise room with infrared sauna, open concept kitchen/living/dining area including linear fireplace, laundry room with dry-cleaning/steamer appliance and agitating sink. Appliances are Sub-Z and Wolf and a large separate pantry has an additional dishwasher, fridge/freezer, and tons of storage space. The 4 car garage includes electric vehicle hook-up and a dog wash station. Solar panel compatibility is available for future. The breathtaking interior courtyard floods the entire home with natural light. Equally well planned is the outdoor entertaining areas with a large pool (with automatic cover), spa, outdoor shower, sunken fit pit with seating, outdoor kitchen with 42 Wolf grill and Green Egg and inviting dining areas. Full tennis court with pickle ball markings, as well. No detail has been overlooked or left out! Come see this light-filled contemporary home!

4644 E Indian Bend Road Paradise Valley, AZ 85253

$11,500,000
5 Beds
5.5 Baths
7,299 SqFt
Status Active
MLS # 6660544
Property Type Single Family Residence
Price Type --
Currently under construction with an anticipated completion date in Q2 of 2024 - Experience unmatched elegance in this Patterson Homes estate, with 7,299 square feet of modern living on a flat acre. Featuring 5 en-suite bedrooms, a luxurious half bath, an office with fabulous mountain views, a state-of-the-art theater, a large secondary kitchen, and a home gym with views of the resort-like yard, complete with sun deck, raised spa, play pool, lap pool, and bocce court. The 4-car garage and expansive indoor/outdoor living areas offer majestic Mummy Mountain views. Every detail reflects the pinnacle of design, luxury, and modern living. Additional details available upon request.

4829 E Orchid Lane Paradise Valley, AZ 85253

$11,500,000
4 Beds
7 Baths
8,348 SqFt
Status Active
MLS # 6676740
Property Type Single Family Residence
Price Type --
Views! Views! Views! This home is located on an elevated lot at the end of the cul-de-sac on one of the most beautiful streets in Paradise Valley! 360-degree views with different mountains out of almost every room in the house. No details were spared to create this amazing oasis in the desert. Souring 18-foot coffered ceilings in both the great room and adjacent game room both with huge exterior pocket doors making your indoor and outdoor areas become one! Chef's kitchen, butler's pantry, gorgeous views of the McDowell Mountains from the office and formal dining room. Huge gym with exterior pocket doors opening the entire wall providing stunning views of Mummy Mountain! The Master Bedroom has unmatched views of the Phoenix Mountain Reserves. Huge his and hers closets and a spa like Master Bath including dual water closets, steam shower, 11-piece shower set, the list goes on and on! Step into your resort like back yard and you will be surrounded by mountain views in every direction. A huge pool and spa with attached sunken firepit. At the end of the pool is an outdoor dining/lounging area with stunning stone water feature and 360-degree mountain views! This is a one-of-a-kind property. Homes with this level of quality, detail, privacy and views rarely come on the market. Construction is scheduled to be completed by June of 2024.

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