There is always uncertainty in the market in an election year, but many people are wondering exactly what kind of impact Donald Trump’s election will have on their mortgage and the real estate options available. Whether you are still paying off your home or have been shopping around for the right one, here are some possibilities for the real estate market following the results of the 2016 election.
An Increase In Luxury Properties
With the release of Donald Trump’s tax plan which provides the most sizeable tax cuts to the wealthy, it could be the case that there will be an increase in the demand for high-end properties which may lead to less availability and a higher price point. As this kind of demand could also work to bump up the median price of real estate in urban areas, it could have an adverse impact on low-income earners who may see themselves priced out of a more expensive market.
Rising Mortgage Rates
Most people that have been perusing the market recently have heard about the low interest rates that make purchasing a home a good financial decision. However, following the uncertainty of the election, interest rates are on the rise. While the sense of instability may persist until potential homebuyers know more, this boost in the rates since the election may mean that many buyers will decide to hold off until the new year.
A Loosening Of Regulations
The concept of the cost involved in regulation was something that Donald Trump brought up many times on the campaign trail, and this could be a sign that he is ready to make adjustments when it comes to housing regulations. While there may be little he can do at the local level, if regulation changes take hold, this could mean more loan opportunities for those with a poor credit history who may not have been a shoe-in for a mortgage previously.
With the fluctuations of the market dependent upon a variety of factors, it’s hard to say what will occur in the mortgage market in the next few months and years. However, with mortgage rates on the rise and the potential change in regulations, it could continue to fluctuate until there is more certainty on the horizon.
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131 E Riviera Drive Tempe, AZ 85282
New
$525,000
3
Beds
2
Baths
1,522
SqFt
Status
Active
MLS #
6707741
Property Type
Single Family Residence
Price Type
--
Right in the Heart of Tempe! This beautiful, well appointed home as all you need to move right in. Block constructed in the mid century this home is energy efficient and oh so comfy. There's a gazebo out back alongside the sparkling pool to keep you and your friends cool all summer long. This is your Tempe dream home!
13549 W Paso Trail Peoria, AZ 85383
$525,000
4
Beds
3
Baths
2,258
SqFt
Status
Active
MLS #
6580563
Property Type
Single Family Residence
Price Type
--
Check out this outstanding property in the booming NW Valley. Singel level, 3 bedms & 3 full baths, Kitchen is perfection with 42-inch cabinets & granite counters, kitchen island w/ gas stove/oven. Formal dining. Tile in the all the right places, new carpet and freshly painted. Bedrooms are great size with nice closet space. Master has huge shower & double sinks. Huge great room w/ masssive rear slider leading to the backyard a with stone pavers, fountain & synthetic grass. Check out the 4 car tandem garage for plenty of storage & room for cars and toys. Added bonus, property has Solar with an assumable lease.
36600 N Cave Creek Road Cave Creek, AZ 85331
$525,000
2
Beds
2
Baths
1,573
SqFt
Status
Active
MLS #
6599399
Property Type
Apartment
Price Type
--
Nestled in the community of Surrey Hills in Cave Creek, this property embodies Arizona living. Backed by scenic hills, Surrey Hills boasts 79 well-designed homes with exclusive access to a resort-style pool, spa, outdoor kitchen, and an enchanting fire pit. Beyond that, you can enjoy direct access to Cave Creek's desert trails, which serve as a gateway to Arizona's beauty. A short drive connects you to diverse shopping, dining, and golfing in downtown Carefree/Cave Creek. Spanning one level and 1,573 sq ft this townhouse offers two en-suite bedrooms each with a large walk-in closet. The great room seamlessly flows to a spacious patio with a built-in BBQ, ideal for relaxation and entertainment. Perfect for those who appreciate the freedom of low-maintenance living.
4728 W Annette Circle Glendale, AZ 85308
$525,000
3
Beds
2.5
Baths
2,650
SqFt
Status
Active
MLS #
6597448
Property Type
Single Family Residence
Price Type
--
MARVELOUS HOME ON A GOLF COURSE ADJACENT LOT !!!!!!!!. 3 Bedrooms and a Den, 2. 5 Bathrooms, Master Bedroom , has a Balcony to Enjoy the Great view of the Golf Course, Full Master Bathroom with Double sink, Living Room with an open Ceiling, Family Room, Beautiful white tile in all the right places, the stairs has carpet, Kitchen has a Great View to the Wonderful Golf Course, Community Pool, Your Client will love it.
13664 W Cypress Street Goodyear, AZ 85395
$525,000
4
Beds
2.5
Baths
2,064
SqFt
Status
Active
MLS #
6592239
Property Type
Single Family Residence
Price Type
--
Located in a gated section of Palm Valley with no backyard neighbors and views of the lake and golf course from your own backyard. Upon entering this desert oasis you are greeted with high ceilings and an open concept living room / dining area that leads into an upgraded kitchen with gas range and the family room. All 4 bedrooms and 2 updated baths are upstairs, well the 1/2 bath for guests is close to the living area. The Backyard maintenance has been made easier with artificial grass. Not to mention all home furnishings are available on separate bill of sales.
4122 Desert Moon Drive Wickenburg, AZ 85390
$525,000
2
Beds
2
Baths
1,563
SqFt
Status
Active
MLS #
6633669
Property Type
Townhouse
Price Type
--
WHAT A FIND!! Spectacular Mountain and Golf Course Views from this well-designed Townhome-- 2 bed, 2 bath, 2-car garage. Upgrades include an impressive shiplap wall in dining area, Plantation shutters, and plank tile floors. Exterior upgrades include extended back patio and pergola. HOA takes care of landscaping.
8610 W Carole Lane Glendale, AZ 85305
$525,000
5
Beds
2
Baths
2,518
SqFt
Status
Active
MLS #
6620126
Property Type
Single Family Residence
Price Type
--
Welcome to this beautiful, spacious home in Rovey Farms! Providing 5 beds, 2 baths, 2-car garage, RV gate, and a mature landscape. Discover an open layout with wall cut-outs to create a more open yet private feel! Formal dining room, neutral palette, bountiful natural light, archways, tile flooring & soft carpet t/out, and multi-sliding doors to the back are some features worth mentioning. The kitchen boasts SS appliances, quartz counters, a pantry, recessed lighting, white cabinetry, 2-tiered island w/breakfast bar, and an eating area w/bay window. Large main bedroom has an ensuite with a separate tub/shower, dual sinks, & a walk-in closet. PLUS! The bonus room adapts to your lifestyle needs. Out the back, you have a lush lawn and a covered patio to relax after a busy day. Move-in ready! Freshly painted through out, recently upgraded bathrooms and new carpet. Perfectly located within walking distance to parks, playgrounds and playing fields and only a short drive from State Farm Stadium, West Gate and Tanger Outlets. Wether you are looking to move in or to open up an assisted living business this home has a lot of options.
1220 Easy Street Wickenburg, AZ 85390
$525,000
3
Beds
2
Baths
1,632
SqFt
Status
Active
MLS #
6631525
Property Type
Single Family Residence
Price Type
--
This Private Picture Perfect Home Offers a Hilltop View, but Nestled Around Trees and a Large Yard. A Gazebo to Make Your Garden House or Outdoor Dining. Inside Home Find a Spacious Three Bedroom, Two Bath with an Open Floor Plan. Master Bedroom is Roomy Enough for Sitting Area. Dining at the Big Windows for Mountain Views. Electric Fireplace in Great Room. Attached 2 Car Garage and a Detached One Car Garage for Your Treasures or Make a Wonderful Shop or a Coveted Casita Guest House. Have You Been Wishing You Had Grass Again? or Remove for Carefree Yard. Stucco Fenced Yard has Grass and Garden Area. Mature Trees and Landscaping. Property is 1.167 Acres
41096 W Novak Lane Maricopa, AZ 85138
$525,000
4
Beds
2.5
Baths
4,208
SqFt
Status
Active
MLS #
6639320
Property Type
Single Family Residence
Price Type
--
Discover luxury in this 4,000 sq ft home with 4 bedrooms, 2.5 baths, and dual garages. One garage creatively transformed into an extra room for limitless potential. Savor fresh orange juice from your citrus trees in a vast backyard, ripe for personalization. The chef's kitchen features a wet bar with a wine cooler, a large island, and ample storage. Upstairs, a loft offers a versatile space for work or play. A perfect blend of elegance and comfort awaits you.
2351 W Firethorn Way Anthem, AZ 85086
$525,000
2
Beds
2
Baths
1,741
SqFt
Status
Active
MLS #
6645530
Property Type
Single Family Residence
Price Type
--
More than a home; this is a lifestyle. Your new haven awaits in Anthem Country Club. Residents here enjoy access to exclusive amenities, including championship golf courses, world-class fitness facilities, a prestigious clubhouse with fine dining, tennis courts and two resort-like pools. Not to mention four pickleball courts - everyone's new favorite social activity! Inside the house, enjoy tasteful modern finishes with beautiful natural light and a smart layout. The home features two spacious bedrooms PLUS a roomy office. This coveted lot within the community has no neighbors directly in front or back, leaving you to maximize privacy and enjoy more desert landscape. Your backyard outdoor oasis has meticulously landscaped grounds, just perfect for Arizona's nearly year-round al fresco dining with our famous orange sunset skies. Expecting significant interest - schedule your private showing right away for a chance to see what life in Anthem Country Club could look like for you!
4713 W Loma Verde Avenue Eloy, AZ 85131
$525,000
2
Beds
2.5
Baths
1,726
SqFt
Status
Active
MLS #
6642954
Property Type
Single Family Residence
Price Type
--
Luxury awaits in this sought-after Carmel model, seamlessly blending style and comfort. Step into tile-lined elegance. The airy great room boasts 11-foot ceilings, surround sound, and power shades revealing the beautiful backyard. The kitchen delights with gas cooking, reverse osmosis, a spacious island, quartz counters, and full-height backsplash. Two master suites feature extended garden windows, marrying natural light and tranquility. The guest suite offers a luxurious walk-in soaking bathtub. Expand your living space outdoors in your personal oasis, the AZ sunroom, with power shades on all walls. Relax by the custom fireplace, soaking in sunset views over the Arroyo wash. This backyard is perfect for entertaining or unwinding, this outdoor space completes the allure of this exceptional home.
1326 N Central Avenue Phoenix, AZ 85004
$525,000
2
Beds
2
Baths
1,557
SqFt
Status
Active
MLS #
6652569
Property Type
Apartment
Price Type
--
Welcome to Artisan Lofts, where your dream of an urban loft becomes reality! Be impressed by the tastefully designed interior, highlighting an inviting living room & a captivating open layout bathed in abundant natural light. The home exudes charm with its towering ceilings, trending palette, wood-style flooring, & sleek wooden panel accents. The gourmet chef's kitchen is fully equipped with granite counters, lovely wood cabinetry, track lighting, a walk-in pantry, & a peninsula with a breakfast bar. Continue upstairs to find sizable lofts excellent for entertainment & bedroom space. It also offers a walk-in closet, a pristine bathroom with dual sinks, & a seat-in glass shower. Double doors open to the spacious, airy balcony with fantastic neighborhood & city views! Visit now!