Instant Reaction: Today’s FOMC Meeting

Interest-rates

Below is the following statement from NAR Chief Economist Lawrence Yun on the Federal Reserve’s decision today to raise short-term rates for the first time in 2017:

“Rising inflation will predominantly dictate the next monetary policy decision, but another short-term rate hike should be expected by the end of the summer. Right now, rents and housing costs are increasing faster than other components because of the stubborn housing shortages in much of the U.S. To contain inflation and slow the pace of future rate hikes, more home construction is needed now.”

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14035 N Burning Tree Place Phoenix, AZ 85022

$499,900
3 Beds
2 Baths
1,765 SqFt
Status Active
MLS # 6698881
Property Type Single Family Residence
Price Type --
Beautiful home in the highly sought after Moon Valley Community!! Home has lots of beautiful updates while still maintaining the unique character within. You will love spending time in the front courtyard with the serene water fountain and relaxing porch swing as well as the backyard oasis with a built in grill and bar while watching the game on the outdoor TV. Don't miss out on this great opportunity to own a beautiful home in Moon Valley.

28712 N 132nd Lane Peoria, AZ 85383

$499,900
3 Beds
2 Baths
1,567 SqFt
Status Active
MLS # 6699110
Property Type Single Family Residence
Price Type --
Beautiful home in Sonoran Place. This 3 bedrooms, 2 bathrooms home has so much to offer. Kitchen has white shaker cabinets, upgraded quartz countertops, tiled backsplash, kitchen island, stainless steel appliances with gas. Primary bathroom with separate shower/toliet, dual sinks, walk-in closet, upgraded wood tile throughout, carpet in bedrooms. 4-panel sliding glass door takes you out to a relaxing cover patio/backyard. Solar is owned.. Home is ''Energy Star''. Great home for family or investors. Must see to beleive.

16222 N 1st Drive Phoenix, AZ 85023

$499,900
3 Beds
2 Baths
1,523 SqFt
Status Active
MLS # 6699675
Property Type Single Family Residence
Price Type --
Welcome to your oasis nestled in the heart of Phoenix! This charming residence boasts a gardener's dream backyard, where lush greenery and vibrant blooms paint a picturesque landscape. The outdoor space features meticulously maintained gardens, offering ample space for both relaxation and cultivation. Whether you're an avid gardener seeking a tranquil retreat or simply enjoy alfresco dining amidst a verdant backdrop, this backyard sanctuary is sure to delight. Drip system upgraded front & back in 2024. Step inside to discover a thoughtfully designed interior, blending modern comforts with timeless elegance. The spacious living areas offer versatility and style, while the gourmet kitchen invites culinary creativity with its premium appliances, granite counter & ample storage... Retreat to the luxurious master suite, where peace & comfort await. Unwind in the spa-like ensuite bath, complete with spacious walk-in tiled shower, dual sinks and walk-in closet. NEW A/C, Upgraded Insulation & Water Heater in 2022. Well-maintained & sparkling clean...ready for move-in!

4158 N 298th Lane Buckeye, AZ 85396

$499,900
5 Beds
4 Baths
4,021 SqFt
Status Active
MLS # 6702533
Property Type Single Family Residence
Price Type --
Great opportunity to own in the growing area of Tartesso in Buckeye. Don't miss out on the chance to own a move in ready 5 bedroom, 4 bathroom home, on a premium oversized lot that has no neighbors to 1 side or behind. Just steps to all of the community amenities, this house checks all of the boxes. Formal living and dining, open concept family room and kitchen with tons of cabinet space, loft, spacious Primary Suite with huge bathroom and walk in closet. Enjoy the serenity of your backyard oasis. Don't miss the chance in this growing community.

6855 W Darrel Road Laveen, AZ 85339

$499,900
4 Beds
2.5 Baths
2,598 SqFt
Status Active
MLS # 6700576
Property Type Single Family Residence
Price Type --
Welcome to your dream home! This spacious 4-bed, 2.5-bath residence boasts a comfortable loft and a fresh, vibrant interior and exterior paint. Step into the newly renovated kitchen featuring sleek quartz countertops. Upstairs, enjoy the plush comfort of new carpets in all bedrooms and the versatile loft space. The main areas dazzle with luxury vinyl plank flooring, offering durability and style. Outside, the inviting pool has been resurfaced with Pebble Tec, perfect for relaxation and entertaining. Plus, the community offers a host of amenities, including a park with a splash pad, basketball courts, sand volleyball, and more. Don't miss out on this perfect blend of comfort and luxury!

10403 N 54th Drive Glendale, AZ 85302

$499,900
5 Beds
3.5 Baths
2,953 SqFt
Status Active
MLS # 6701164
Property Type Single Family Residence
Price Type --
Welcome home, where spaciousness meets potential! Nestled on a nearly 1/4 acre corner lot, this 5 bedroom, 3 1/2 bath home with an RV gate and no HOA offers a canvas of possibilities waiting for your personal touch. As you step inside, you're greeted by the charm of flexible living spaces, perfect for accommodating various lifestyles and needs. The first floor boasts two bedrooms, providing convenience and accessibility for guests or family members seeking single-level living. Venture outside to discover a covered patio and resurfaced pool that are perfect for entertaining or enjoying a quiet, relaxing day. Conveniently located near shopping & dining amenities, this property offers the perfect blend of tranquility and convenience! Don't miss your chance to make this versatile home yours!

855 N Lesueur -- Mesa, AZ 85203

$499,900
3 Beds
2 Baths
1,876 SqFt
Status Active
MLS # 6702012
Property Type Single Family Residence
Price Type --
Come and see this Beautifully remodeled 3 Bed / 2 Bath home with a pool in Mesa. Located in the Ellsworth Heights neighborhood you are just minutes away of all the new development that Downtown Mesa has to offer. Home is move in ready. NO HOA!! Brand new exterior paint and updated landscaping with freshly laid artificial turf gives the home great curb appeal with low maintenance. Thought the front door you are greeted by all new luxury vinyl plank flooring in the main living areas and plush carpeting in the bedrooms. This open floor plan flows seamlessly from the front living room to the brand new kitchen that boasts new white shaker cabinets, GORGEOUS white quartz countertops and brand new stainless appliances. Just to the right of the front living room is another large family room perfect for a cozy gathering area with a big TV and a sectional. All three bedrooms and both bathrooms are down the hallway. Master bedroom is ensuite and it features a brand new walk-in tiled shower, dual vanity sink and dual closets. New fans, door hardware and lighting gives the home a modern feel. Brand new window coverings throughout. Plenty of room to entertain outback with a large covered patio, sparkling pool and large grass area. Don't miss out on this gem!!

51631 W Turney Lane Maricopa, AZ 85139

$499,900 - 4Br/2Ba -  for Sale in S35 T6s R2e, Maricopa
New
$499,900
4 Beds
2 Baths
2,420 SqFt
Status Active
MLS # 6704616
Property Type Single Family Residence
Price Type --
2400+ square foot custom home on nearly 2 acres with private water company and incredible mountain views! This 4 bedroom 2 bath home features a split floor plan, gourmet kitchen with stainless steel appliances and granite countertops, tile in all the right places and large master bedroom with walk in closet and recently updated master bathroom. Exterior features include recently updated roof and AC, car port, outdoor patio and large lot perfect for horse set up. 1.7 acre lot with barn next door also available!

7800 E Lincoln Drive Scottsdale, AZ 85250

$499,900 - 2Br/2Ba -  for Sale in Cabrillo Square, Scottsdale
New
$499,900
2 Beds
2 Baths
1,171 SqFt
Status Active
MLS # 6705176
Property Type Townhouse
Price Type --
Beautifully appointed unit in Cabrillo Square. This immaculate SINGLE LEVEL CONDO, 2BD/2BA home offers warm natural light, wide open living space and a spacious split floor plan great for hosting guests. Whether you are looking for a vacation retreat or a full- time residence, you will love this unit. Kitchen has stainless steel appliances, hard surface flooring in the entire home, carpet in Master bedroom. Shutters in LR and MST. Second bedroom has been used as a den/office because of the furnishings. North/South facing exposure, patio faces south overlooking the greenbelt and lush landscape. No building right behind the unit. 1 car garage. This has been a seasonal home for years and gently lived in. Must see!!

1516 Northside Drive Prescott, AZ 86301

$499,900 - 4Br/2Ba -  for Sale in Lot 13 Block 1 Prescott Heights 4th, Prescott
New
$499,900
4 Beds
2 Baths
1,687 SqFt
Status Active
MLS # 6695204
Property Type Single Family Residence
Price Type --
COMING SOON! Location Location Location! This 4bed/2bath, 1687 sqft home has been beautifully updated and is perfectly situated only 2 miles from Downtown and within Walking Distance to Schools & Hospital in an amazing established neighborhood with NO HOA! With a Huge back yard that has side street access, there are so many possibilities! ❤️ Welcome Home ❤️

8119 W Lane Avenue Glendale, AZ 85303

$499,900
4 Beds
2 Baths
2,012 SqFt
Status Active
MLS # 6675271
Property Type Single Family Residence
Price Type --
WELCOME HOME! A CHARMING SINGLE-STORY RANCH-STYLE HOUSE. NESTLED IN A QUIET, WELL-MAINTAINED GATED COMMUNITY. THE EXTERIOR FEATURES A COVERED PORCH, AND WELL MANICURED LANDSCAPE. ENTERING THE INTERIOR, YOU WILL SEE SHOWCASE TILE THROUGHOUT THE ENTRY-WAY, LIVING SPACE, KITCHEN & BATHROOMS. THIS HOME OFFERS AN OPEN FLOOR PLAN BETWEEN THE KITCHEN & LIVING AREA. UPDATED WITH STAINLESS-STEEL APPLIANCES, GRANITE COUNTERTOPS, & TALL CABINETS. HEADING TO THE BACKYARD, YOU WILL EXIT THROUGH A LARGE DOUBLE SLIDING GLASS DOOR. LEADING TO A COVERED BACK PATIO, & LUSH GREENERY. THE BACK ALSO INCLUDES ELECTRICAL DISCONNECT BOX FOR A SPA! IN ADDITION, BOTH BATHROOMS OFFER DOUBLE SINKS! THE PRIMARY BATHROOM BOASTS A GARDEN TUB & WALK IN SHOWER! THIS 2012 SQ. FT. 4 BED, 2 BATH IS MOVE IN READY!

4422 E Arapahoe Street Phoenix, AZ 85044

$499,900
2 Beds
2 Baths
1,397 SqFt
Status Active
MLS # 6704429
Property Type Single Family Residence
Price Type --
On a quiet street your Updated home awaits with another home on only one side while backing up to the greenbelt. Bright and open with lots of natural light. Entertain friends and family in the kitchen that opens to the living area for today's entertaining. Relax on the covered patio while others enjoy the alternate seating area as kids play in pool and pets roam the generously sized yard. So much of what you can touch inside is updated from windows, fixtures, lighting to the modern bathrooms. Your office could be a workout room or even a 3rd bedroom. The large laundry room you deserve (which may make the square footage larger than advertised). Step away is the greenspace behind your home where you can play ball, walk or just let kids and pets play. Less than a mile to shopping and dining.

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