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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16216 W Indianola Avenue Goodyear, AZ 85395

$497,900
2 Beds
2 Baths
2,200 SqFt
Status Active
MLS # 6602047
Property Type Single Family Residence
Price Type --
Elegant travertine courtyard entry welcomes you to this one of a kind 'Milano' floor plan which has been customized with enclosed game room/sun room, beautiful library cabinets in den, built in cabinets & 'Murphy' bed in guest bdrm; extended master bdrm & family room; ext garage with storage cabinets, golf cart garage; water softener & R/O system. Freshly painted interiors in neutral color palette. Situated on a beautiful lot with great outdoor entertaining spaces including travertine patio, water feature & outdoor kitchen. Pebble Creek showcases stunning resort-style amenities and offers the ultimate value in active adult luxury living. PRICE REDUCED FOR QUICK SALE!

19032 N 83rd Lane Peoria, AZ 85382

$497,500 - 2Br/2Ba -  for Sale in Vista Fairways At Westbrook Village, Peoria
New
$497,500
2 Beds
2 Baths
1,357 SqFt
Status Active
MLS # 6696335
Property Type Townhouse
Price Type --
This beautifully remodeled golf course home in Westbrook Village's premier 55+ community truly stands out with its array of features and amenities. Let's delve into what makes it exceptional: The kitchen has been tastefully updated with Quartz countertops and stainless-steel appliances, combining style with functionality for cooking enthusiasts. The bathrooms have been modernized to provide comfort and elegance, adding to the overall appeal of the home. The open living area, featuring a full glass wall slider, offers panoramic views of the golf course, creating a serene and inviting ambiance. Tile flooring and vaulted ceilings enhance the spaciousness and elegance of the home, while wood shutters add a touch of sophistication and elegance of the home, while wood shutters add a touch of sophistication. The master bedroom not only offers comfort but also provides a designated office space overlooking the golf course, perfect for remote work or leisurely activities. 2 car garage with epoxy floors, new water softener, new hot water heater. The outdoor patio serves as a tranquil retreat for outdoor gatherings and relaxation, allowing residents to enjoy the picturesque views and pleasant weather. Residents can take advantage of a wide range of amenities, including golf, double restaurants, RV parking, and convenient access to essential services like doctors, shopping, banks, and freeways. Community Safety: The presence of the Posse, which patrols the community, enhances safety and security, ensuring residents feel protected and at ease. Active Lifestyle: Living in Westbrook Village offers a vibrant and active lifestyle, with opportunities for golfing, socializing, and enjoying the beautiful surroundings, fostering a sense of camaraderie among residents. Being part of a 55+ community provides a sense of community and shared experiences among residents who are in a similar stage of life, creating a supportive and welcoming environment. Overall, this home offers a perfect blend of luxury, comfort, and convenience, making it an ideal retreat for those seeking a fulfilling Arizona living experience in Westbrook Village's premier 55+ community.

2301 N 38th Street Phoenix, AZ 85008

$497,000
3 Beds
2 Baths
1,500 SqFt
Status Active
MLS # 6662657
Property Type Single Family Residence
Price Type --
This home qualifies for a $10,000 lender grant. Great Location (No HOA) with curb appeal on a large corner lot! OWNED Solar (paid for)! Ave Elect Bill = $125 Summer / $50 Winter. ($28 Most Recent Bill) Entry BARS can be removed. Upgraded kitchen counter & backsplash. Newer Windows, Newer block wall with 16 foot RV Gate perfect for your toys! Great split floor plan includes 3 bedrooms & 2 bathrooms. Separate entrance to one of the bedrooms. New bathroom vanity, countertop & cabinet. Upgraded living room recessed lights. Free standing storage shed that matches the house. Inside laundry with tons of storage space. Perfectly located near freeways, Sky Harbor Airport, downtown phoenix, shopping, phenomenal restaurants, entertainment, etc.

40911 N Prestancia Drive Anthem, AZ 85086

$497,000
3 Beds
2 Baths
1,616 SqFt
Status Active
MLS # 6622808
Property Type Single Family Residence
Price Type --
Welcome to 40911 N Prestancia Dr, Anthem, AZ 85086, located in the prestigious Anthem Country Club. This home offers a range of desirable features and is situated in an exclusive location, makes this home all your own with some new flooring and paint!! All at an incredibly competitive price. Upon entering, you'll immediately notice the attention to detail and meticulous maintenance this home has received. The interior boasts numerous upgrades and a thoughtfully designed layout, making it both functional and visually appealing. With all-new exterior paint, this home exudes a fresh and inviting atmosphere. The kitchen is truly a highlight, featuring cherry cabinets and stunning granite countertops. It offers ample space for preparing meals and entertaining guests. MORE Whether you're an aspiring chef or enjoy cooking for loved ones, this kitchen will exceed your expectations. The great room concept creates a spacious and open living area, ensuring there is no wasted space. The large living areas provide flexibility for arranging furniture and accommodating various activities. The tile flooring throughout the home adds a touch of warmth with its neutral tones, complementing any décor. The master bedroom is generously sized and includes a large walk-in closet, offering plenty of storage for your personal belongings. This retreat provides a tranquil space to unwind and recharge after a long day. Exuding curb appeal, the front elevation of the home is impressive and beautifully landscaped. The surrounding area is exceptionally peaceful, providing a serene setting to enjoy your surroundings. Living in Anthem Country Club allows you access to a wide array of unique amenities. Whether you're a golf enthusiast, tennis player, or simply enjoy an active lifestyle, this community has something for everyone. Take advantage of the clubhouse, fitness center, pools, parks, and other recreational facilities, all within close proximity to your new home. In addition to its outstanding location and amenities, this property has been upgraded with a new reverse osmosis system, new water softener, new microwave, new refrigerator, and a brand-new AC installed in 2022. These upgrades further enhance the value and convenience of this already exceptional home. Don't miss the opportunity to own this well-maintained residence in Anthem Country Club. With its attractive design, desirable features, and access to exclusive amenities, this property represents an incredible value. Schedule a showing today and experience the charm and elegance of 40911 N Prestancia Dr.

7817 W Bloomfield Road Peoria, AZ 85381

$496,900
3 Beds
2.5 Baths
2,312 SqFt
Status Active
MLS # 6694212
Property Type Single Family Residence
Price Type --
NO HOA DOWNSTAIRS MASTER BEDROOM POOL. Spacious layout, vaulted ceilings, and cozy wood-burning fireplace. Kitchen includes breakfast bar & eat-in dining room. The master bedroom's walk-in closet and luxurious bathroom, complete with a walk-in shower and tub. Loft with two more bedrooms and bathroom upstairs. The backyard oasis with a covered patio overlooking the pool is the perfect spot for relaxation or outdoor gatherings.

5415 W Novak Way Laveen, AZ 85339

$496,700
3 Beds
2 Baths
2,208 SqFt
Status Active
MLS # 6658821
Property Type Single Family Residence
Price Type --
Move in ready single story home with a play pool and a 3 car garage, these are all the items most people want in a home and this one has it all. This home has an open floor plan with an upgraded kitchen that has quartz counters and stainless steel appliances. The home has tile plank flooring through most all the home. There is a pebbletech play pool in the backyard that is like your own resort. Great family neighborhood with easy access to the freeway and shopping. This home is a must see.

18419 W Country Club Terrace Surprise, AZ 85387

$496,492
4 Beds
3 Baths
2,644 SqFt
Status Active
MLS # 6543892
Property Type Single Family Residence
Price Type --
Below Market Interest Rate Available! Move-in ready, new build home with 4 bedrooms, 3 full bathrooms, Loft, Study, & 3 car garage. Beautiful large home with first floor bedroom and full bath plus study. Spacious kitchen has large island, endless counter space, & walk-in pantry and features white cabinetry, quartz countertops, tile backsplash and stainless steel appliances. Backyard is landscaped and has an extended covered patio to enjoy this time of year outdoors! Tile throughout main living areas and carpet in bedrooms only. Lots of living space with upstairs loft. This home is located in North Copper Canyon that offers a community pool!! High Performance Home with smart technology, makes it so you can truly live in your element!!!!

34782 N Ashwood Drive San Tan Valley, AZ 85144

$496,390
3 Beds
2 Baths
2,000 SqFt
Status Active
MLS # 6688556
Property Type Single Family Residence
Price Type --
This is one of our most popular floorplans featuring 3 bedrooms, 2 bathrooms, and a flex room. Spacious interior design allows for ample entertaining space. This home is on a gorgeous corner homesite with no neighbor behind. Upgrades include a gourmet kitchen with stainless steel appliances and gas cooktop, white quartz countertops with brushed nickel hardware, white shaker cabinets and natural wood-look tile in all the right places.

27448 W Wahalla Lane Buckeye, AZ 85396

$496,000
3 Beds
2.5 Baths
2,191 SqFt
Status Active
MLS # 6677525
Property Type Single Family Residence
Price Type --
Enjoy owning this adorable residence situated in Sun City Festival Community! Fall in love with the well-maintained interior featuring wood-look tile flooring, plush carpets, designer paint, a welcoming living room, and an open den ideal for work or play. Desirable great room with entertainment niches promotes an inviting atmosphere. Open-concept kitchen is a chef's dream, complete with recessed & pendant lighting, a walk-in pantry, staggered white cabinets with crown moulding, stainless steel appliances, quartz counters, and a prep island with a breakfast bar. Relaxation awaits in the main bedroom, offering an ensuite with dual sinks and a walk-in closet. Grab your favorite cool drink and unwind under the covered patio in the backyard. Seize the opportunity while it's still available!

20875 W Maiden Lane Buckeye, AZ 85396

$496,000
4 Beds
3 Baths
2,511 SqFt
Status Active
MLS # 6687488
Property Type Single Family Residence
Price Type --
Welcome to your dream Verrado home, perfectly situated amidst picturesque tree-lined streets, parks, pools, and a bustling community center. Be sure to ask about the ASSUMABLE 2.38% loan. This charming abode awaits you on a coveted green belt with an amazing view facing a park! Step inside to discover a culinary haven in the stunning kitchen, complete with granite countertops, an inviting tile backsplash. stainless steel appliances, a gas range, and well appointed cabinets with plenty of storage! The seamless open-concept layout flows effortlessly from the kitchen to the dining and living areas downstairs with 3 a panel slider to the patio! Convenience meets comfort with a downstairs bedroom and a full bathroom, providing versatile living options. Upstairs, a thoughtfully designed split floorplan awaits with an amazing master bedroom sanctuary. Indulge in the opulent ensuite bathroom showcasing a large walk-in shower with a built-in bench seat and rainfall shower for a spa-like retreat. Dual vanity sinks and a generously sized walk-in closet add to the allure of this tranquil haven. Adjacent to the primary suite, discover a spacious loft area, two additional bedrooms, and another full bathroom, offering ample space for family and extra living space. Others items that this home possesses include a natural gas stub outside for grilling or firepit, water softener and RO system, deep sink in garage and stainless deep sink in laundry. Also, items that can convey with the home include a natural gas grill, 2 refrigerators, 1 freezer, household commercial washing machine and gas dryer, and 2 x 55 inch and 1 x 60 inch Smart TVs with full motion wall mounts. Step outside to discover a charming porch overlooking a vast, grassy area, offering a perfect spot for relaxation or social gatherings. There is also extra parking in the back for residents and guests! This exquisite home in Verrado is just steps away from the new Heritage Community Center and School, where you can enjoy community perks like a pool, splash pad, and BBQ area. Embrace the vibrant lifestyle of Verrado with its close proximity to Heritage Elementary, Heritage Swim Park, nearby dog park, walking trails, many other parks and the majestic White Tank Mountains. Take advantage of the community's main street, featuring a variety of restaurants, a coffee shop, grocery stores, and a award winning community center. Enjoy recreational amenities including a golf course, top-rated schools, and the convenience of a new Costco nearby. With easy access to I-10, gas stations, and lodging, this highly desirable area in the West Valley promises an unparalleled lifestyle.

22062 N 34th Lane Phoenix, AZ 85027

$496,000
4 Beds
2 Baths
1,925 SqFt
Status Active
MLS # 6681949
Property Type Single Family Residence
Price Type --
Gorgeous newly remodeled home (04/24) with new floors, baseboard, fans, lights, paint & much more! 3 car garage with storage, soft water, doggie doors & door to outside. Stainless steel appliances convey, including built-in microwave. New, single basin deep sink in kitchen. Both bathrooms have dual sinks. Mature trees w/ great landscaping. Great quiet neighborhood yet close to freeways and major shopping. This is a must see and priced to move.

7439 E Sundance Trail Carefree, AZ 85377

$495,900
2 Beds
2 Baths
1,519 SqFt
Status Active
MLS # 6683874
Property Type Townhouse
Price Type --
ALERT YOUR INVESTORS! A 1519 sq. ft., 2 bedrm/2bathrm unit #504 has a wonderful view patio facing NE from the living room & master bedroom. Built in 1980, this home has a separate kitchen, a great room including the dining room with a kiva fireplace & opens to the NE facing patio. The oversized master bedrm. & bathrm. are ensuite & share the view patio wrapped around from the family room. There is a separate bedrm. & full bathroom for guests. The 2 car garage finishes the townhome. Approximately 17 steps from the garage level to the front door & unit is all on one level once inside.

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