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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5755 W Ivanhoe Street Chandler, AZ 85226

$497,000
3 Beds
2.5 Baths
1,873 SqFt
Status Active
MLS # 6667917
Property Type Single Family Residence
Price Type --
Nestled in the serene neighborhood of Mays Pond in Chandler, AZ this beautiful 2-story home offers a perfect blend of comfort and style. Boasting a freshly painted interior, 3 beds & 2.5 baths, granite kitchen countertops, this charming residence provides ample space for both relaxation and entertainment. The open floor plan on the main level seamlessly connects the living room, dining area, and kitchen, creating a welcoming atmosphere for gatherings with family and friends. Upstairs features updated flooring, the spacious bedrooms offer a peaceful retreat, with the master suite featuring a private en-suite bathroom for added convenience. Great location with easy access to shopping, dining, & entertainment options, as well as top-rated schools & beautiful community park, paths plus more!

2004 N Lake Breeze Road Lakeside, AZ 85929

$497,000
2 Beds
2 Baths
1,170 SqFt
Status Active
MLS # 6694622
Property Type Single Family Residence
Price Type --
Beautifully FURNISHED by LAKES! True pride of ownership shines in this gorgeous 2 bed, 2 bath home, located in the gated community Creekside. This open concept house features a stunning accent TV wall, a floor to ceiling stone fireplace, and vaulted ceilings. The kitchen has a large island, upgraded cabinetry with lighting underneath & on the floor, and a fabulous backsplash that goes up to the ceiling! The large master bedroom has a custom-made wall with an electric fireplace and inset TV, along w/ a walk-in closet and ensuite bathroom. All bathrooms are upgraded to coordinate with the kitchen. The back deck is a dream w/ a privacy screen on the side, perfect for enjoying the cool mountain air - just a few steps away, you can also enjoy your lovely private hot tub!! This home is exquisitely furnished - a designer's dream! Everything is done to perfection. It's ready for you to move in. The kitchen it truly amazing with a gas cook top. All appliances are Frigid Air Professional Series. The counter space is great with a large center island with bar stools. There is a pantry too. Lovely designer touches throughout from lighting, fixtures and other finishes. The guest bedroom has a custom-made queen over queen bunk bed that is suitable for adults. Walk in laundry with extra storage. Behind the water closet in the primary bedroom is a large linen closet. The master/primary shower has floor to ceiling tile with accent river rocks. There is also a double sink vanity. Rainbow lake is just around the corner to boating, kayaking, canoeing or fishing. Creekside - gated community is centrally located, close to everything. The home has a 2 car garage for toys and storage! Imagine living in the White Mountains of Arizona where you have 4 beautiful seasons and where you can breathe in the fresh mountain air and enjoy the 40 lakes and over 600 miles of rivers and streams. In addition to the amazing fishing, this area has one of the most extensive trail systems in the southwest for hiking, biking, horseback riding, quadding and more. Sunrise Ski Resort is also just 40 minutes away with 3 beautiful mountains to ski, snow board or sled. If shopping is your interest, you will love the antique stores and the multitude of arts and craft shows that happen in the summer. The music festivals have something to fit everyone's enjoyment. Do you love to golf? There are 7 amazing golf courses, 3 that are public. The White Mountains, where this home/cabin is the best kept secret of Arizona! Come and explore and enhance your living! Pinetop-Lakeside was also voted 'Best Cabin Region in the U.S... Embrace the MAGIC!

881 E Elgin Street Chandler, AZ 85225

$496,900
3 Beds
2 Baths
1,649 SqFt
Status Active
MLS # 6686609
Property Type Single Family Residence
Price Type --
Discover the allure of this delightful 3-bedroom home in Monterey Point II. Step inside to find an inviting interior graced with tile floors and vaulted ceilings, leading to a cozy living room perfect for gatherings. The great room is a haven for relaxation. The kitchen features white cabinetry, SS appliances, tile backsplash, granite counters, a pantry, and a center island with a breakfast bar. Serene main bedroom offers a private bathroom with dual sinks, a relaxing tub, and a walk-in closet. A practical laundry room includes built-in cabinets for additional storage. Outside, the backyard is a peaceful retreat with a covered patio and verdant grass, ideal for enjoying tranquil afternoons. This charming residence is awaiting its new owners - don't miss the opportunity to call it yours!

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.

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.

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.

40211 W Michaels Drive Maricopa, AZ 85138

$495,995
4 Beds
2.5 Baths
2,400 SqFt
Status Active
MLS # 6682178
Property Type Single Family Residence
Price Type --
The heart of this ranch floor plan is an open layout with a great room, a breakfast nook and a gourmet kitchen with a walk-in pantry and a center island. The owner's suite is adjacent, and showcases a generous walk-in closet and an attached bath with double sinks and a deluxe shower. Three bedrooms, a full bathroom, and powder room round out the interior of the residence. Need more garage space? This home has a 3-car tandem garage and a separate 1-car side turn garage. A covered patio is also included!

4413 S 108th Avenue Tolleson, AZ 85353

$495,990
5 Beds
4 Baths
2,945 SqFt
Status Active
MLS # 6680669
Property Type Single Family Residence
Price Type --
New Construction! Estimated completion is April 2024. 2-story, 5 bedrooms, 4 baths, loft, Den, and 3 car tandem garage with pavers on driveway. One full bedroom and bathroom downstairs - great for a guest or mother-in-law. There is also a den, kitchen open to Great Room and covered patio to enjoy the backyard that backs to a wash area for extra privacy. In the kitchen you will find a walk in pantry, kitchen island, granite kitchen countertops, as well as white kitchen cabinets. Upstairs we offer a spacious Loft, 4 bedrooms, and 3 full bathrooms. The spacious owner's suite includes a walk-in shower with cultured marble backing and glass panels and his and hers sinks. This home also includes ceiling fan prewire at all bedrooms, den, loft and great room.

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 one of the best view patio's 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.

16427 N 63rd Drive Glendale, AZ 85306

$495,750 - 3Br/2Ba -  for Sale in Deerview Unit 28, Glendale
New
$495,750
3 Beds
2 Baths
1,768 SqFt
Status Active
MLS # 6704625
Property Type Single Family Residence
Price Type --
WOW!, this home has just completed an extensive remodel and it came out GREAT! Large 3 bedroom 2 bath home on a large corner lot. Private with no neighbors behind. Double RV gate and no HOA! East facing back yard to maximize shade. Extended length rear patio overlooking a huge backyard that is great for entertaining. Interior vaulted ceilings. Secondary bedrooms both have walk-in closets. Master wall-to-wall double closets. HVAC / 2021. Hot water heater / 2019. The upgrades include new flooring and baseboards, new windows, new kitchen cabinets with quartz counters, new appliances, new lighting, tiled walk in shower, new vanities, epoxy garage floor, the list goes on! Desert Rose Park across the street with walking path, play area, basketball court, sand volleyball and more. This home won't disappoint, come tour today!

4134 W Nora Drive San Tan Valley, AZ 85144

$495,610
3 Beds
2 Baths
2,232 SqFt
Status Active
MLS # 6688554
Property Type Single Family Residence
Price Type --
Beautiful Ranch elevation with Gourmet kitchen, stainless steel appliances. 3 bedroom plus flex room and 8' interior doors.

3362 W Oil Well Road San Tan Valley, AZ 85144

$495,589
3 Beds
2.5 Baths
1,898 SqFt
Status Active
MLS # 6625216
Property Type Single Family Residence
Price Type --
Our popular Helena plan featuring 3 bedrooms plus den, 2.5 baths, and a cozy front courtyard. Gourmet kitchen with stainless steel appliances, upgraded 42'' kitchen cabinets, quartz countertops, Luxury vinyl plank flooring, and much more. Promenade Master Planned Community by Fulton Homes is located within minutes of major shopping, restaurants and freeways. The community is at the base of the San Tan Mountain Preserve. There are six parks throughout the community, one of which is an Aquatic Center with a 7,400 square foot pool. Full basketball and sand volleyball courts. Bocce ball court, Pickle Ball court and Corn hole. Several Ramadas, Tot Lots and BBQ's. Waterfall entry and acres of landscaped and grass areas make this community your oasis in the desert.

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