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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22236 N 104th Lane Peoria, AZ 85383

$495,000
4 Beds
2 Baths
1,869 SqFt
Status Active
MLS # 6654340
Property Type Single Family Residence
Price Type --
MOVE IN READY!! Enter a large great room, with 9 ft ceilings, beautiful kitchen with island, GRANITE COUNTERTOPS and 42'' CABINETS. All oversized bedrooms. Bedroom 4 is a study with a closet. BOTH BATHROOMS HAVE DOUBLE SINKS. Main bedroom has a walk-in closet and OVERSIZED SHOWER. Upgraded features throughout with FRESH PAINT and NEW CARPET. The unique corner lot has no neighbors behind it and is across from 1 of 3 community parks. Minutes to the BEST PEORIA SCHOOLS, dining, shopping, entertainment and freeways for easy commute. DON'T MISS OUT waiting on photos coming soon!! It's one of the NEWEST homes built in this community at a fabulous price. It will not last.

2254 W Charter Oak Road Phoenix, AZ 85029

$495,000
4 Beds
2 Baths
1,606 SqFt
Status Active
MLS # 6663983
Property Type Single Family Residence
Price Type --
No HOA! Corner lot house full of upgrades with a beautiful backyard ready for its new owner. This home has a beautiful modern kitchen with quartz countertops and open floor plan that provides the perfect entertainment space. Low maintenance laminate flooring all around the house, artificial turf and pool deck installed to provide cool entertainment space in the backyard. This has been used as a successful short term rental with multiple 5 star reviews and everything will convey with the property

18333 N Kokopelli Court Surprise, AZ 85374

$495,000
2 Beds
2 Baths
2,021 SqFt
Status Active
MLS # 6684060
Property Type Single Family Residence
Price Type --
Welcome to refined elegance in the sought-after active adult golf community of Sun City Grand, affectionately known as The Grand. Poised on a generous cul-de-sac lot, this impeccable home integrates luxurious living with the serenity of a private oasis. Spanning over 2000 sq ft, the residence reveals an open-concept design that exudes an inviting atmosphere ideal for both tranquil relaxation and spirited entertaining. Discover two well-appointed bedrooms complemented by a versatile den, perfect for crafting your secluded retreat or an engaging hobby space. Celebrate culinary excellence in the expansive island kitchen, offering a grand eating bar and commodious nook, designed to inspire your finest dining experiences. The living area, crowned with an airy ambiance and abundant natural light, flows seamlessly to the outdoors where an oversized patio offers a sublime setting amidst the fragrant allure of citrus trees and the tranquil whispers of nature. Enhancements include fresh paint indoors, recent paint outdoors Gas rangel,Crown Moulding and the timeless charm of engineered wood floors gracing the bedrooms and den. No detail has been overlooked in curating a space of supreme comfort and style. The home benefits from a 2.5 car garage, providing ample space for vehicles and golf carts alike. This is more than a home; it's a gateway to an enviable lifestyle. Residents of The Grand are privy to an array of amenities including four championship golf courses, five swimming pools, and a diverse selection of clubs catering to nearly any interest imaginable. Seize this dream opportunity and transform the way you celebrate life's moments.

2425 W Bronco Butte Trail Phoenix, AZ 85085

$495,000
3 Beds
2 Baths
1,817 SqFt
Status Active
MLS # 6673092
Property Type Townhouse
Price Type --
This unit is located in a private and quiet - gated community in Sonoran Foothills, and is in a desirable location within the community.. A newer build - turn key - upper level / corner unit.. 2 car garage and many upgrades - Finished Laundry with sink and cabinets. Community has its own pool and workout room, plus access to all amenities of Sonoran Foothills - park, tennis, basketball, pool, tot lot, walking trails, volleyball, and much more.. This area of N. Phoenix is becoming more desirable by the minute.

15586 W Whitton Avenue Goodyear, AZ 85395

$495,000
2 Beds
2 Baths
2,154 SqFt
Status Active
MLS # 6673835
Property Type Single Family Residence
Price Type --
Now here's a rare deal. For only $495K you get over 2100sq ft and on the golf course. However, the home needs updating, but at this price who cares. Located on the 5th hole of Eagles Nest, this home features 2 beds, 2 baths, office, formal living and dining, plus family room, kitchen and breakfast area. This plan allows you to take down the non load bearing walls in the living area to create your own open concept arrangement. The exterior has excellent curb appeal. Don't miss out.

12628 W Denton Street Litchfield Park, AZ 85340

$495,000
3 Beds
2.5 Baths
2,288 SqFt
Status Active
MLS # 6675300
Property Type Single Family Residence
Price Type --
Stop the tape! You'll wanna lock this house away. Don't just stand there- operate on writing an offer as soon as possible! You do not want to miss out on this opportunity to own one of the prized jewels in the incredibly popular west valley neighborhood known as Wigwam Creek North! Just moments away from the loop 101 or 303! Like literally right smack in between. You've got the number of bedrooms you have to have, the spacious living room and with tall ceilings you love, the 3-car garage you need, & the backyard to make your friends envious! Just imagine those warm summer nights nestled by the fire in your backyard. Most importantly, there's 2 new Carrier AC units. As my Grandpa used to say, ''Carrier is the Cadillac of AC units'' Admit it, this is the home you have been waiting for. This is your moment. If you had one shot, or one opportunity to seize that one house that you've always ever wanted... would you capture it or just let it slip?

3700 W Mesquite Avenue San Tan Valley, AZ 85144

$495,000
3 Beds
2 Baths
1,935 SqFt
Status Active
MLS # 6677096
Property Type Single Family Residence
Price Type --
Exceptional Home on an Exceptional Oversized Lot with a Sparkling Pool & Incredible Mountain Views - Built- In Natural Gas BBQ & Firepit. All the Options were Added to this Energy Star Home. Features Include An Extended Covered Patio, Cherry Wood Cabinets, Gas Stove, Pendant lights, 8' Interior Doors, 20'' Tile and Ceiling Fans Throughout. Wash on 2 sides and a Road in the Back Makes this Yard Very Private. Over Height and 4' Extended Garage. Vacant so Show Anytime.

1815 E La Salle Road Phoenix, AZ 85086

$495,000
3 Beds
2 Baths
2,160 SqFt
Status Active
MLS # 6677692
Property Type Manufactured Home
Price Type --
Back on market, buyer unable to close. Seller May carry $150K for a short term, Call me for details. Stunning remodel nearly complete by a talented General Contractor. All new flooring, Kitchen, Baths, Appliances and more. Sparkling pool awaits your enjoyment. Just over an acre of land privileges with plenty of space for all your toys.The mountain views in this area are amazing. Priced below other near by homes for a quick sale. Home is currently on Hauled water.

2992 N Miller Road Scottsdale, AZ 85251

$495,000
2 Beds
2 Baths
1,268 SqFt
Status Active
MLS # 6680864
Property Type Townhouse
Price Type --
Highly upgraded 2 bedroom condo in sought after Bellagio complex. Close to shopping and old town Scottsdale. Newer appliances (2 years), new floors in bathroom and laundry, new vanities and fixtures in both bathrooms by Jacuzzi Co. Large laundry room with new cabinets, sink and flooring. New water softener, new garage cabinets in double garage. Furniture available under separate bill of sale.

2425 W Bronco Butte Trail Phoenix, AZ 85085

$495,000
2 Beds
2 Baths
1,662 SqFt
Status Active
MLS # 6686312
Property Type Apartment
Price Type --
Absolutely stunning, highly upgraded condo in beautiful gated Desert Village at Sonoran Foothills. Prime location in the center of the complex, this gorgeous home has a spacious, peaceful covered patio and is located just steps from the sparkling community pool & clubhouse offering lots of recreation. Home is very open w/ lots of natural light, 9 ft ceilings, beautiful wood-look plank tile floors. Comfortable, inviting family room w/ stacked stone fireplace. Elegant, spacious kitchen, rich granite counters, gleaming SS appliances, gas range, custom tile backsplash. Large primary suite, plush carpeting, stunning primary bath w/ large glass & tile shower, huge closet. Secondary bedroom very large, den serves as ideal home office. Large inside laundry plus spacious 2 car garage. Don't miss! Spacious den is currently serving as home office, but could easily serve as a great third bedroom. Great views of the nearby community pool from the primary bedroom and from the large, comfortable patio. Nearby Sonoran Hills Community Park offers even MORE opportunities for recreation, and features a large clubhouse, workout facility, refreshing pool, tennis courts, basketball court, ramadas, BBQ facilities, and scenic park. A truly beautiful home in an ideal location offering an active, enjoyable lifestyle. Don't miss the chance to see this home!

15859 N 182nd Avenue Surprise, AZ 85388

$495,000
3 Beds
2 Baths
1,869 SqFt
Status Active
MLS # 6683282
Property Type Single Family Residence
Price Type --
Seller may pay your closing costs! Down payment GRANT means NO DOWN PAYMENT if you qualify! This property has it all! Low electric payments due to the PAID-FOR leased solar system, even considering the variable-speed pump on the gorgeous pebble-tec pool and comfortable square footage of the home. Mountain views from the peaceful and serene backyard, and a north/south exposure to further add to the tranquility of this corner cul-de-sac lot. This very popular floor plan secludes the master bedroom from the other bedrooms, yet the chef can participate with guests in the living room while being a great host. Fresh coat of interior paint from floor to ceiling! The front metal security screen and cul-de-sac location makes for cool evening breezes. Close proximity to schools and parks. LOCATION!

8998 W Ruth Avenue Peoria, AZ 85345

$495,000
3 Beds
2 Baths
1,982 SqFt
Status Active
MLS # 6684582
Property Type Single Family Residence
Price Type --
This property offers so much you must see it before it goes. Open floor plan where you need it. Huge kitchen, large kitchen island with granite countertops and SS appliances. Large master bedroom with access to a covered patio. All new carpet throughout. AC has 3 different control zones for comfort needs. Close to 101 hwy, Westgate Mall, State Farm Stadium, Desert Diamond Casino, P-83 and Arrowhead Mall. Location is everything and this Beautiful Home has it, just waiting for you.

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