Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!

Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early! | Simplifying The Market

If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:

Freddie Mac

While full employment and rising inflation are signs of a strong economy, they also have the potential to push mortgage rates and house prices up. The higher rates and higher prices create significant affordability concerns, which may continue to characterize the housing market for the rest of 2017.”

Lynn Fisher, Vice President of Research & Economics for the Mortgage Bankers Association

By the time we get to the fourth quarter of this year, we will still be under 5 percent – we are thinking 4.7 percent…Something north of 5 percent by the time we get to 2018, and by the time we get to 2019, we show fourth-quarter rates hitting 5.5 percent.”

Mark Fleming, First American’s Chief Economist

Despite some regional disparities, title agents and real estate professionals do not expect increasing mortgage rates to have a significant impact on the housing market this spring. Continued good economic news, increasing Millennial demand and confidence that buyers will remain in the market even if rates exceed 5 percent bode well for 2017 real estate.

Len Kiefer, Deputy Chief Economist for Freddie Mac

We will probably see rates higher at the end of year, around 4.5%.”

Bottom Line

If you are feeling good about your family’s economic future and are considering making a move to your dream home, doing it sooner rather than later makes the most sense.  Give me a call for more information – J.P. Cook – 602-320-4253.

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14835 W Maui Lane Surprise, AZ 85379

$475,000
3 Beds
2 Baths
1,752 SqFt
Status Active
MLS # 6674182
Property Type Single Family Residence
Price Type --
Look no more! Comfort meets convenience in this charming 3-bed, 2-bath home in Ashton Ranch. A mature landscape and a 3-car insulated extended garage w/attached cabinetry are just the beginning. Discover a semi-open layout offering a neutral palette, abundant natural light with new windows and soft carpet in all the right places. The kitchen boasts newer SS appliances, ample cabinet & counter space, recessed lighting, and a cozy breakfast nook. Versatile open den is ideal for an office! The primary bedroom includes an ensuite with dual sinks and a walk-in closet for all your belongings. You'll LOVE the backyard, featuring a covered patio, artificial turf, and a fenced pool perfect for the warm summer days! Visit now!

9212 W Minnezona Avenue Phoenix, AZ 85037

$475,000
3 Beds
2 Baths
1,763 SqFt
Status Active
MLS # 6675462
Property Type Single Family Residence
Price Type --
Awesome Home in Private Gated Community with Great Room Floorplan, Plank tile flooring throughout. Large Quartz Island kitchen with pendant lighting above. Stainless appliances with gas stove. Split master bedroom floorplan. 8' Front door, Separate formal dining or living room area in front foyer. Pavers in backyard with covered patio Gas BBQ and 4 bar stools at kitchen island included with sale of home. 60'' and 42'' TV's included in the sale of the home as well at no charge. Splash bad and greenbelts throughout the neighborhood. Arizona Cardinals stadium just a few miles away with easy access to freeways.

26736 W Melinda Lane Buckeye, AZ 85396

$475,000
2 Beds
2 Baths
1,846 SqFt
Status Active
MLS # 6675526
Property Type Single Family Residence
Price Type --
Beautifully appointed 2-bedroom, 2-bath, plus den, Haven model with a masonry walled backyard for added privacy. A center-sliding glass door opens to a spacious patio and backyard. Home includes a relaxing side courtyard patio. The kitchen features a gas range, oven, microwave and refrigerator. Dark wood cabinets with roll-out trays and granite countertops compliment the wood-like light colored tile floors. Bedrooms are carpeted. The owner's bath includes tiled low-threshold walk-in shower and vanity seating area. Expanded laundry with washer & dryer and gas hook-up and utility sink. Insulated 2-car garage and garage door with paver driveway and courtyard. Many other features including upgraded electrical package and interior paint. Extra-large backyard includes large turf area.

353 S 219th Drive Buckeye, AZ 85326

$475,000
4 Beds
2.5 Baths
2,454 SqFt
Status Active
MLS # 6675357
Property Type Single Family Residence
Price Type --
Incredible two-story POOL home in Sundance awaits you! Providing 4 beds, 2.5 baths, RV gate, 3-car garage, spa & low-care landscape. Discover a welcoming living room w/high ceilings and an open-concept family room w/media niche! Home features recessed lighting, a pantry, wood cabinetry, and a breakfast area. Formal dining room can be an office as well! Natural light filled the spaces, complemented by tile flooring downstairs & soft carpet upstairs. Double-door main bedroom boasts an ensuite with dual sinks, separate tub/shower, & a walk-in closet. The spacious backyard is an entertainer's delight! With its covered patio, Ramada, artificial turf, well-laid pavers, storage shed, & sparkling pool, this space promises year-round enjoyment. Plus, NO neighbors behind! Just WOW.

695 Pauley Drive Prescott, AZ 86303

$475,000
3 Beds
2 Baths
1,636 SqFt
Status Active
MLS # 6676443
Property Type Single Family Residence
Price Type --
Under $500K...AND less than a mile from the Courthouse Plaza! Charming 3 bedroom, 2 bath with great views, mature trees. Recently renovated with New Flooring, Carpet, Interior Paint, Central AC, a Bonus/Shop/Hobby Room in a 2-Car Garage, and more! Enjoy the coziness of your Wood Burning Fireplace and the serenity of the Creek from your back deck...all tucked away on a quiet cul de sac. Come see why this home won't last long in this market!

16218 N 99th Drive Sun City, AZ 85351

$475,000
2 Beds
2 Baths
1,886 SqFt
Status Active
MLS # 6675810
Property Type Single Family Residence
Price Type --
Breathtaking views and gorgeous sunsets on this Riverview Golf Course location! Overlooking what feels like your own pond is this 2 bedrooms, 2 bathroom home, formal dining, nice size den, family room, plus a bonus area for your office or storage and large front room for gatherings. New windows through out, open and bright Arizona room overlooking the course. Large front patio with pergola and pergola also extended over front parking. Home is in good condition and ready for its new owner.

8214 S 44th Glen Laveen, AZ 85339

$475,000
5 Beds
3 Baths
2,038 SqFt
Status Active
MLS # 6675344
Property Type Single Family Residence
Price Type --
This home offers a spacious living room/great room, an open kitchen with a large island, including plenty of cabinets for storage, 5 bedrooms and 3 baths, all on a single level. Large master with a spacious walk-in closet. White cabinetry, grey/black quartz countertops, plush carpeted bedrooms; 12' sliding glass door upgrade, marble tops in bathrooms with square modern bowls. BRAND NEW CARPET , FANS, RECESSED LIGHTS & FRESHLY PAINTED 2-tone colors. The kitchen boasts plenty of cabinets, quartz counters, built-in appliances, an island with a breakfast bar perfect for casual meals & engaging conversations. This newly painted (interior walls/doors/baseboard) home is move-in ready with stainless steel appliances. Fridge & washer/dry included. OWNER/AGENT

1365 E Frances Lane Gilbert, AZ 85295

$475,000
3 Beds
2 Baths
1,516 SqFt
Status Active
MLS # 6677414
Property Type Single Family Residence
Price Type --
Located in the heart of Spectrum in Gilbert.... This 3 bedroom, 2 bath home offers a split open floor plan with spacious great room. Tile floor throughout except the bedrooms. Eat-in kitchen with open bar overlooking the great room with pantry and 42-inch cabinet with stainless hardware, stainless appliance and granite counter tops. The master bedroom includes raised double vanity, a walk-in closet with separate shower/tub. Mature low maintenance front and backyard landscaping. This community is perfect for homebuyers looking for convenience with access to the Loop 202 freeway, San Tan Mall, Cost Co, with so much additional shopping and may restaurants.

2030 E Michigan Avenue Phoenix, AZ 85022

$475,000
3 Beds
3.5 Baths
1,300 SqFt
Status Active
MLS # 6675584
Property Type Single Family Residence
Price Type --
NEW CONTEMPORARY URBAN STYLE COMMUNITY! Ask about Builder Incentives! 3 bedrooms, all ensuite, plus powder room. 2 car garage, 2 X6 Construction, Sheared Ext Walls (All plywood wrapped) Spray Foam insulation and insulated garage door for EXTREME ENERGY EFFICIECY! This home is loaded with standard features, beyond everyone else! Bedroom balcony's and first floor patio. 2 Greatroom Balcony's! Quartz or Granite countertops, stainless steel appliances, including refrigerator, Luxury Plank Vinyl floors, carpet. Approximately 6 month move-in. Hurry and select additional upgrades! 5 minutes to Loop 101 and 51 Hwy, Mayo, Kierland, Scottsdale Quarter and Desert Ridge! * Community Pool, Fitness Center coming!

3728 W Denali Drive Anthem, AZ 85086

$475,000
3 Beds
2 Baths
1,577 SqFt
Status Active
MLS # 6676568
Property Type Single Family Residence
Price Type --
Looking for breathtaking views? Look no further! This home boasts stunning mountain and city light views from its backyard, which backs up to NAOS. Enjoy outdoor living with a covered patio, paver walkway, mature landscaping, and a relaxing hot tub. Recently upgraded HVAC (Trane XV18-Variable Capacity-18 SEER--4 ton)system ensures comfort year-round. The well-designed floor plan features a central great room, a master suite separated for privacy, and a front kitchen with granite counters and white appliances. The spacious master bedroom includes a luxurious bath with separate tub and shower. 2.5 car garage with built in cabinets. Anthem's community amenities include a heated pool, water park, pickleball and tennis courts, and a workout facility. Don't miss out on this exceptional home!

628 N Deniza Boulevard Buckeye, AZ 85326

$475,000
2 Beds
1 Bath
928 SqFt
Status Active
MLS # 6676822
Property Type Single Family Residence
Price Type --
Home, sweet home! Bring your trucks, trailers, toy haulers & more! With NO HOA, This delightful corner lot sits on 2 county lots totaling over 1/3rd of an acre, (15,389sqft). Cozy home boasts an inviting interior with stylish wood-look flooring & a spacious living area. Relish in the joy of festive meals in the formal dining space. The kitchen impresses with its wooden cabinets, sleek appliances, glossy corian counters, and a convenient breakfast bar. Experience tranquility in the main bedroom, featuring a generous walk-in closet with ample storage & in-ground gun safe. Spacious bathroom with custom tiled shower. Outside, the side yard is perfect for entertaining, and the backyard presents 2 RV gates, Metal garage space w/ electric & 2 sheds, providing even more storage options! This home offers plentiful space for indoor/outdoor living and is a fantastic opportunity not to be missed!Home has been meticulously cared for and improved as follows: 3 security doors and fans throughout. New Septic in 2015 - pumped 11/21. $11,975 metal garage built in 2016 New windows in 2017 $2950 -New AC Ducting 2018 New AC unit 2019 Exterior of home painted in 2021 $800 Termite treatment 2018

15832 N 164th Lane Surprise, AZ 85388

$475,000
3 Beds
2 Baths
1,824 SqFt
Status Active
MLS # 6677037
Property Type Single Family Residence
Price Type --
Beautiful upgraded home located in a family friendly neighborhood. Great backyard with a pool and gazebo. Extended back porch. Granite countertops in kitchen and baths. Custom oak cabinets throughout the home. A den for your home office. Leased solar to offset those high ac bills during the summer months.

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