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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5661 N 79th Street Scottsdale, AZ 85250
$525,000
3
Beds
2.5
Baths
1,604
SqFt
Status
Active
MLS #
6698641
Property Type
Townhouse
Price Type
--
Beautiful townhome located in the heart of Scottsdale. Gorgeous open concept kitchen with oversized mocha glazed cabinetry, granite countertops, fully tiled backsplast, & stainless vent hood and appliances. The breakfast bar opents into the dining room, and lovely courtyard perfect for entertaining. Large master suite with spa like master bathroom. Fully tiled walk in showers, custom vanity & granite countertops. Two guest bedrooms and guest bath. Casitas Chaparral is a beautiful community with grassy common areas, heated community pool & spa and located near restaurants, shopping, Old Town Scottsdale, Fashion Square, Salt River Feilds, Indian Bend Park, lakes, biking trails & more! You'll love to call this home!
1418 E Maldonado Drive Phoenix, AZ 85042
$525,000
3
Beds
2
Baths
1,867
SqFt
Status
Active
MLS #
6700524
Property Type
Single Family Residence
Price Type
--
Experience the charm of this meticulously designed single-level family residence boasting 3 bedrooms, 2 bathrooms, and a 3-car garage in an ideal location. Entertain effortlessly with the inviting heated spa and dazzling pool, perfect for hosting gatherings with loved ones. The well-appointed kitchen features a generous island and breakfast bar, while the expansive garage offers ample storage space with included racks. Don't miss the opportunity to view this exceptional home before it's too late!
540 Jordan Road Sedona, AZ 86336
$525,000
1
Bed
1.5
Baths
1,083
SqFt
Status
Active
MLS #
6701332
Property Type
Townhouse
Price Type
--
Welcome to your charming retreat in the heart of Sedona! This meticulously maintained one bedroom plus loft townhome offers a perfect blend of comfort, convenience, and stunning surroundings. Located in a prime location, just minutes from the vibrant shopping and dining scene of Sedona. As you step inside, you're greeted by a bright and airy open-concept living space adorned with tasteful finishes, cozy fireplace and ample natural light throughout. Retreat to the tranquil primary suite complete with ensuite bathroom and private patio to soak in the breathtaking beauty. Versatile loft area offers endless possibilities as a home office, studio, or additional sleeping quarters. Private laundry and attached 2 car garage. Don't miss out on this opportunity to own in enchanting Sedona!
41927 W Solitare Drive Maricopa, AZ 85138
$525,000
3
Beds
2
Baths
2,044
SqFt
Status
Active
MLS #
6700332
Property Type
Single Family Residence
Price Type
--
Stunning home on the greenbelt with a southern exposure and your very own heated POOL! Pride of ownership is eminent of this gorgeous great room floor plan home with 3 full bedrooms plus a den/dining room and two baths. Beautiful cherry cabinetry with an oversized kitchen island, granite countertops, and stainless steel appliances. Your backyard oasis is breathtaking with a heated pool, outdoor kitchen and your very own putting green. Pristine, mature landscaping with a completely private, fence yard. Extended travertine patio and lots of space for entertaining. Split floor plan with 14' ceilings at the great room and a perfect spot for your own billiards table. The home is completely furnished. Just pack your clothes and your toothbrush and start living the good life! Additional features included in this magnificent home include: plantation shutters, bay window at the owner's suite, his and her vanities, spacious shower and walk in closet. The garage has a 4' extension and also a soft water system.
257 W Columbine Road Payson, AZ 85541
$525,000
2
Beds
2
Baths
1,470
SqFt
Status
Active
MLS #
6700495
Property Type
Single Family Residence
Price Type
--
2 Story charming home with 2 car carport, parking at ground level. Large partially covered deck at entry. 2 bedrooms, 1 3/4 bathrooms, split floor plan. Blaze King wood stove and propane heat, washer & dryer off kitchen, bay window in dining area. Large bedroom upstairs with office area. Large .26 acre lot, chain link fenced area in back for dog run, AZ room looks into backyard with trees, planters. Lot extends up the hill and is fenced. Close to year round Christopher Creek, hiking trails, store and 2 restaurants.
6642 N 10th Avenue Phoenix, AZ 85013
New
$525,000
3
Beds
1
Bath
1,487
SqFt
Status
Active
MLS #
6700910
Property Type
Single Family Residence
Price Type
--
THIS is the moment you have been waiting for in Glenwood Park. This charming home sits on a quaint tree lined street on a large lot. The interior of the home has had some updates, however room to make it your own. Whether you are looking for your next project or are excited about creating your own equity, this opportunity is too good to pass by.
40850 N Hearst Drive Anthem, AZ 85086
New
$525,000
4
Beds
2.5
Baths
2,140
SqFt
Status
Active
MLS #
6706341
Property Type
Single Family Residence
Price Type
--
Welcome to your oasis in Anthem! This stunning home is the epitome of modern comfort nestled in a vibrant community. Step inside to find a completely remodeled home with a spacious living room, kitchen with updated cabinets, granite counters, SS appliances including new refrigerator and stove, and RO system. The second level features a spacious loft, primary bedroom with large closet, and updated en-suite bath. The home also features new interior and exterior paint, new washer/dryer, upgraded baseboards throughout, new windows with faux wood blinds. Living in Anthem offers a wealth of amenities for residents to enjoy. Take advantage of the community center, pools, fitness facility, and social events. Plus, benefit from top-rated schools and a strong sense of community spirit!
11993 N Renoir Way Tucson, AZ 85742
$525,000
3
Beds
2
Baths
1,992
SqFt
Status
Active
MLS #
6701510
Property Type
Single Family Residence
Price Type
--
This turn-key 3 Bed/den/2Bth & 2.5 Car Garage home offers everything you need for comfort with no detail spared. Located in gated Tangerine Ridge in NW Tucson, so close to I-10, parks, bike paths and shopping. Enjoy ALL TILE Flooring throughout (NO CARPET!) in this rare find meticulously cared for by the owner. Property sits against private common area offering captivating desert, cactus and Mtn views. The kitchen is a gourmet chef's dream with LG wall oven & convection microwave, complemented by beautiful white cabinets, granite countertops and Gas cooktop w/gas stub located at outdoor BBQ (and at dryer) adding to the convenience. Owners installed an AprilAire furnace filter, providing optimal air quality along with a full house security camera system giving peace of mind. A gorgeous custom wrought iron security door complements the curb appeal of the contemporary stone exterior. Step inside and discover a wealth of upgrades, including 8' interior doors, 9' ceilings, and a glass-enclosed walk-in shower with dual shower heads and seat in the owner's bath, perfect for indulging in a spa-like experience. The extended paver driveway and back patio enhance the outdoor living experience, while the radiant barrier ensures energy efficiency year-round. So many more features to mention this is a must see!
40684 W Hopper Drive Maricopa, AZ 85138
$525,000
4
Beds
2
Baths
2,470
SqFt
Status
Active
MLS #
6701511
Property Type
Single Family Residence
Price Type
--
Gorgeous home, impeccably maintained in every way, and move in ready. The curb appeal is second to none with elevated curbing, synthetic grass, stamped concrete and low maintenance landscaping. Inside the home you'll find a potentially awesome movie theater room with raised platform, spacious kitchen with granite counter tops and double ovens, large great room over looking backyard. Den has double doors and makes a great office but could add closet for 4th bedrm. But it's the backyard you'll want to spend most your time in with HEATED AND COOLED SPARKLING POOL, outdoor gas BBQ, synthetic grass, mature landscaping and rain gutters. R/O, Softwater system, THREE CAR GARAGE and much more ... come on by today
25954 N Desert Mesa Drive Surprise, AZ 85387
New
$525,000
4
Beds
2.5
Baths
2,917
SqFt
Status
Active
MLS #
6705749
Property Type
Single Family Residence
Price Type
--
Welcome to your sanctuary at Desert Mesa Drive! Nestled in the heart of Surprise, this stunning residence offers the perfect blend of comfort, style, and convenience. As you step inside, you're greeted by the spacious and airy interior adorned with updated wood plank floors that exude warmth and charm. The main level features a versatile flex room, ideal for a home office or additional living space, offering endless possibilities to suit your lifestyle needs. The heart of this home lies in its beautifully updated kitchen, designed to satisfy the most discerning chefs. With double ovens and ample counter space, meal preparation becomes a joyous experience. Whether you're hosting intimate gatherings or entertaining on a grand scale, this kitchen is sure to impress. Upstairs, discover a relaxing loft area, perfect for unwinding after a long day or enjoying family game nights. The four generously sized bedrooms provide ample space for rest and relaxation, ensuring everyone has their own private retreat. Outside, your personal oasis awaits. Step into the backyard and be greeted by the tranquil sounds of the pebble tech saltwater pool waterfall, creating a serene atmosphere for morning coffee or evening relaxation. Take a refreshing dip in the hot tub, perfect for soothing tired muscles after a busy day. Gather around the firepit on cooler evenings, creating memories with family and friends under the starlit sky. For those who love to entertain, the built-in backyard BBQ is a dream come true, offering the ideal setting for outdoor gatherings and culinary delights. Additionally, the garage is equipped with built-in cabinets, providing ample storage space for all your tools and equipment. Located in a desirable neighborhood, this home is conveniently situated near shopping, dining, entertainment, and top-rated schools, making it the perfect place to call home.
18397 W Ida Lane Surprise, AZ 85387
$525,000
3
Beds
2.5
Baths
1,884
SqFt
Status
Active
MLS #
6702683
Property Type
Single Family Residence
Price Type
--
Beautiful Move-In Ready home built in 2018 with 3 Bedrooms plus a BONUS -Flex Room, Open Concept floor plan. Tandem 3 car garage, and entertainer's backyard with sparkling pool. Chef's delight kitchen with quartz counters, custom grey cabinets, large island with added storage plus big walk-in pantry. Nicely sized primary bedroom split from the other bedrooms. Includes custom shower, double sinks, separate toilet room and large closet. Many additional upgrades 8' interior doors, contemporary lighting, epoxy floor coating in the extended length garage. Backyard features a gorgeous pool with Baja lounge entry surrounded by travertine patio with Storage shed. Privacy with no homes behind and backs to community park. Tons of amenities pool, pickleball, sports fields, dog park and much more
4831 N Granite Reef Road Scottsdale, AZ 85251
$525,000
3
Beds
2.5
Baths
1,656
SqFt
Status
Active
MLS #
6703806
Property Type
Townhouse
Price Type
--
Come check out this recently remodeled, fully furnished, 3 bedroom, 2.5 bathroom, La Buena Vida townhome conveniently located in the heart of Scottsdale, near several parks, and Chaparral Lake, as well as a short drive from shopping at Fashion Square Mall and casual dining in Old Town Scottsdale. Enter the first-floor living and dining area to enjoy an open kitchen gleaming with new cabinets, granite countertops and stainless steel appliances, across its dining seating area, overlooking the peaceful private yard. Up the modern-looking, open staircase, the master bedroom boasts a walk-in closet and private fully remodeled ensuite bath, as well as a secretary's nook. This one is truly a gem, come see for yourself!