Mortgage Rates Impact on 2017 Home Values

Mortgage Rates Impact on 2017 Home Values | Simplifying The Market

There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.

The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are all projecting that mortgage interest rates will move upward in 2017. Increasing interest rates will definitely impact purchasers and may stifle demand.

In a recent study of industry experts, “rising mortgage interest rates, and their impact on mortgage affordability” was named by 56% as the force they think will have the most significant impact on U.S. housing in 2017. If rising rates slow demand for housing, home values will be impacted.

To this point, Pulsenomics, recently surveyed a panel of over 100 economists, investment strategists, and housing market analysts, asking the question “In your opinion, at what level will the 30-year fixed rate mortgage rate significantly slow home value appreciation?” The survey revealed the following:

Mortgage Rates Impact on 2017 Home Values | Simplifying The Market

Bottom Line

Most experts believe that rates would need to hit 5% or above to have an impact on home prices.  Give me a call to discuss – J.P. Cook – 602-320-4253.

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332 N Rainbow Way Casa Grande, AZ 85194

$485,000
3 Beds
2.5 Baths
2,391 SqFt
Status Active
MLS # 6648819
Property Type Single Family Residence
Price Type --
Just built in 2017, step into this luxurious home within Mission Royale voted as the best 55+ community in The Greatest of Grande! As you approach, a picturesque front courtyard graced by a wrought iron gate and luxurious travertine pavers welcomes you. Upon crossing the threshold, you'll be captivated by the soaring ceilings, elevated fixtures, and the entirety of the interior adorned with lavish LVP flooring. The generously proportioned bedrooms, each featuring a walk-in closet, offer unparalleled comfort. Additionally, there's a dedicated office space for your convenience. The heart of this home boasts a spacious kitchen and a welcoming family room, creating an inviting space for gatherings and relaxation. Each bathroom has also been beautifully remodeled and you'll love the tiled showers. Make sure not to overlook the expansive laundry room, complete with a stylish barn door. Adding to the allure, automatic shades have also been installed to provide sun reduction and ensure your privacy. Stepping outside, you'll find an inviting covered patio that's adorned with travertine elegance, view fence and water fountain to relax and enjoy your morning coffee. Completing this perfect picture are custom gates and travertine walkways on both sides of the home. This residence is a true gem, and it's not to be missed. Don't let this opportunity pass you by!

2421 W Turtle Hill Drive Anthem, AZ 85086

$485,000 - 2Br/2Ba -  for Sale in Accca, Anthem
Open House
$485,000
2 Beds
2 Baths
1,344 SqFt
Status Active
MLS # 6680748
Property Type Single Family Residence
Price Type --
Welcome to this beautifully upgraded home nestled in the prestigious Anthem Country Club. Featuring 2 bedrooms, 2 bathrooms, this home boasts a meticulously open airy floor plan. Enjoy the elegance of new flooring throughout, a refreshed kitchen with a new large island, granite countertops, stainless steel appliances, and remodeled bathrooms with custom tile, double headed walk-in shower in the master and a custom bathtub shower. Outside, a covered pergola that offers a perfect spot to enjoy the scenic views. With fresh paint inside and out, this home exudes sophistication. Residents also enjoy access to Anthem Country Club's prestigious amenities, including two golf courses, fitness centers, tennis courts, and more. Experience comfort, style, and resort-style living in this move-in ready

4727 E Euclid Avenue Phoenix, AZ 85044

$485,000 - 3Br/2Ba -  for Sale in Pointe South Mountain Unit 2, Phoenix
Open House
$485,000
3 Beds
2 Baths
1,596 SqFt
Status Active
MLS # 6650274
Property Type Single Family Residence
Price Type --
Charming Patio Home in The Pointe South Mountain Nestled in a peaceful cul-de-sac with breathtaking mountain views, this attractively priced patio home in the sought-after ''Resort Style Community'' of The Pointe South Mountain awaits you. Experience the perfect blend of comfort and convenience in this 3 bedroom, 2 bath residence. The family room, adorned with a distinctive bee hive fireplace, flows seamlessly into a cozy living room and dining area. The home features a speakeasy, den and a spacious 2-car garage, all set against the stunning backdrop of South Mountain Preserve and the lush Arizona Grand Golf Course. Just around the corner from the Pima Canyon Trailhead. It's your personal resort oasis. Embrace an active lifestyle with community pools/spas, and endless hiking/biking trails right at your doorstep. Golf enthusiasts will love the proximity to the golf course. This unique neighborhood is just minutes from Sky Harbor Airport, major freeways, and a plethora of shopping centers. Downtown Phoenix, ASU, and much more are easily accessible. Don't miss this opportunity for a serene lifestyle in a prime location. Easy to show - your new home awaits!

1748 W Morse Drive Anthem, AZ 85086

$485,000 - 2Br/2Ba -  for Sale in Anthem Unit 32, Anthem
Open House
$485,000
2 Beds
2 Baths
1,454 SqFt
Status Active
MLS # 6663253
Property Type Single Family Residence
Price Type --
Welcome to the beautiful Anthem Country Club. Premium lot located on the 6th fairway of the Ironwood course, with Daisy Mountain as a backdrop makes for million-dollar views. Enter the foyer and the great room is so inviting. Leisure time, working from home, or entertaining you'll love the views. Next there is the updated kitchen with classic white cabinetry, white & gray quartz countertops, beautiful backsplash, stainless farm sink, white pendent lights too! Plenty of room for your dining room set to welcome family and friends for a casual meal, the master suite includes an oversized three panel sliding door to enjoy those spectacular views as well as a wood accent wall giving it a slightly rustic feel, the suites bath includes white cabinetry, framed mirror: see more: and a transom window allowing natural light to enter, spacious shower, pretty countertop and fixtures finish the comfortable suite. The secondary bath is so chic with its updated tile and glass finishes, also an added transom window for natural light, pretty countertops and framed mirror too. A perfect sized den located between the two bedrooms is great for home office or hobby room, the laundry room includes a sink, cabinetry and is located off the two-car garage. Considering a vacation home ownership? Furnishings available for sale too. Anthem and the Anthem Club include so many amenities it is hard to list them all, but we will try: Anthem Country Club: This private gated golf community offers 36 holes of championship golf designed by Greg Nash. Exercise every aspect of your Anthem golf game on their sprawling courses featuring dramatic elevations, great views, multiple bunkers and large undulating greens all set against a mountainous, Sonoran Desert backdrop. There are two of everything; full-service golf shops, dining facilities, locker rooms, work out facilities, pools and spas. Outside the gates you can also enjoy: A 64-acre park/ playground, a catch and release fishing lake with 4 acres of fabulous fishing. The park also has the Daisy Mountain Railroad, where children and adults enjoy a ride in the park; tennis, pickleball and indoor/outdoor basketball courts, kids skate park, acres of softball, volleyball, and soccer fields; There is also a community center which offers: an Olympic pool with lap lanes and a diving area, heated in the winter; water park with a 400,000-gallon splash bucket, a 24-foot tower with two water slides, water playground, and tot pool; three-story rock-climbing wall; teen activity room; and a state of the art fitness center. So much fun to be had!

12432 W Banyan Drive Sun City West, AZ 85375

$484,999
2 Beds
2 Baths
1,975 SqFt
Status Active
MLS # 6628671
Property Type Single Family Residence
Price Type --
Explore this meticulously remodeled residence located in the heart of Sun City West, showcasing numerous upgrades. The kitchen has been tastefully remodeled with quartz countertops and modern cabinets, while the bathrooms boast tile showers. Adorned with wood-look flooring and a neutral color palette, this home is designed to complement the influx of natural light. Don't miss the opportunity to make this impeccably remodeled home yours.

20742 N 265th Drive Buckeye, AZ 85396

$484,999
2 Beds
2 Baths
1,819 SqFt
Status Active
MLS # 6637285
Property Type Single Family Residence
Price Type --
Price reduced! Updated interior paint! Peaceful, private oasis, on a corner lot, in Sun City Festival! Upon entering you are greeted by the front courtyard with gorgeous Mediterranean style landscape. Inside, is a welcoming spacious great room adorned with wood flooring, abundant natural light, and recessed lighting that illuminates every corner. The kitchen is equipped with stainless steel appliances, a pantry, cabinets with crown molding, granite counters, subway tile backsplash, a breakfast bar, and a cozy breakfast nook. Double doors open to the den, ideal for home office. Fall in love with the romantic main retreat, which includes a sitting area, an ensuite with dual sinks, and a walk-in closet. The backyard is a complete retreat. THIS is AZ living! landscaping, and a refreshing pool. Sellers are motivated!

43992 W Palo Nuez Street Maricopa, AZ 85138

$484,999
3 Beds
2 Baths
1,879 SqFt
Status Active
MLS # 6651008
Property Type Single Family Residence
Price Type --
*Seller is offering $5,000 concessions towards closing cost or to buy down your rate!* Welcome to Maricopa, AZ, where this exceptional property awaits its new owners. From the moment you arrive, you'll be struck by impressive features, including an RV garage, additional 2-car garage, and an RV gate, offering ample space for vehicles and storage needs. A bonus for car enthusiasts and hobbyists, there's an included car lift! Step inside to discover a thoughtfully designed split floor plan with two guest rooms in addition to the primary suite. This stunning home offers a spacious great room with tall ceilings and expansive sliding glass doors leading to the backyard. The kitchen is a chef's delight, featuring a walk-in pantry, granite countertops and an oversized island for storage, eating and entertaining! Retreat to the primary suite, complete with a substantial walk-in closet, dual vanity sinks and separate water closet with Woodbridge smart technology toilets. The full laundry room completed with storage adds convenience to everyday living. Your peace of mind is assured with the installed SimpliSafe security system. This home truly has it all, combining comfort, style, and functionality for the ultimate living experience. Schedule your private tour today!

25732 N 186th Lane Surprise, AZ 85387

$484,995
4 Beds
3 Baths
2,092 SqFt
Status Active
MLS # 6630316
Property Type Single Family Residence
Price Type --
Discover this Beautiful Emerald Plan! Included features: a covered entry; a thoughtfully designed kitchen boasting 42'' upper cabinets, quartz countertops, stainless-steel appliances, an island and an adjacent dining room; a stunning great room; a secluded primary suite showcasing a spacious walk-in closet and a private bath with double sinks and a benched in shower; a convenient laundry; a secondary suite featuring a bedroom, a full bath and a living room with a laundry closet and an exterior door; two additional bedrooms with a shared bath; a tranquil covered patio and a 3-car garage. This home also offers 12'' x 24'' stone tile flooring, Wood Laminate and Carpeted flooring, cultured marble bath countertops, ceiling fan prewiring and additional windows in select rooms, front yard landscaping and concrete pavers at the driveway and walkway. Spring 2024 Move in!

20048 W Exeter Boulevard Buckeye, AZ 85396

$484,995
3 Beds
2 Baths
1,940 SqFt
Status Active
MLS # 6663846
Property Type Single Family Residence
Price Type --
The ranch-style Augusta offers thoughtfully designed living space. The foyer leads to an open floor plan with beautiful Gourmet Kitchen a dining room and Great room with center meet doors leading to a covered Patio. Home offers split floor plan with 2 bedroom and a full bath. Laundry room is in middle of home. The lavish Primary Suite is on opposite side of house for privacy, with a beautiful bathroom and walk in closet. This home offers Tankless water heater, soft water loop, gas stub at patio and pre plumbed for sink at laundry room!! Don't miss this one!!

4640 W Hannah Street San Tan Valley, AZ 85144

$484,990 - 4Br/2Ba -  for Sale in San Tan Groves, San Tan Valley
Open House
$484,990
4 Beds
2 Baths
2,140 SqFt
Status Active
MLS # 6511791
Property Type Single Family Residence
Price Type --
BRAND NEW energy - efficient home NOW! The Onyx floorplan offers an open-concept plan with 4 bedrooms, 2 bathrooms. This home has an extended back patio perfect for entertaining and lets in loads of light. Enjoy the white shaker cabinets, soothing granite counter tops in kitchen and 15 x 15 tile floors every where but bed room and closets where you will find soft plush carpet. N/S facing lot with north back yard on over sized lot. The extra storage room makes a great home for household cleaning items, holiday decor, and backpacks. Impressive Walk-In Closet in Primary Suite tucked away in back of home.

11215 W Marguerite Avenue Tolleson, AZ 85353

$484,990
4 Beds
3 Baths
2,274 SqFt
Status Active
MLS # 6672358
Property Type Single Family Residence
Price Type --
Below Market Financing Available!!!!!!!! This single-story home has a smart layout that is perfect for families who need privacy. Three bedrooms are located at the front of the home, along with a versatile living room. Down the hall is the main living area with a Great Room, kitchen and dining area, while the owner's suite is in the back for added privacy. Photos are renderings of a model home, not the actual home.

7107 E Flossmoor Avenue Mesa, AZ 85208

$484,990
3 Beds
2 Baths
2,250 SqFt
Status Active
MLS # 6625021
Property Type Single Family Residence
Price Type --
A stunning newly updated 3 bedroom/ 2bath single story home in the Apache Country Club Estates community. Completely renovated with a gorgeous open floorplan, raised ceilings, all new A/C with brand new ducts, updated modern kitchen, and bathrooms, with a beautiful backyard with diving pool makes this an entertainers dream! You won't find anything like this in the neighborhood! Located within walking distance to Superstition Mall, lots of restaurants and shops. A two minute drive to Costco, Home Depot, entertainment and tje US 60 freeway.

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