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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25044 S Cedarcrest Court Sun Lakes, AZ 85248
$525,000
2
Beds
2
Baths
1,950
SqFt
Status
Active
MLS #
6682658
Property Type
Single Family Residence
Price Type
--
Discover Your Dream Home at Cedarcrest Ct in Sun Lakes, AZ! Nestled in the serene Oakwood Golf Course community, this exquisite property offers a blend of luxury and tranquility. Picture yourself in a beautiful, spacious home that's tucked away in a private cul-de-sac, ensuring peace and privacy. Imagine stepping outside to breathtaking views of the meticulously maintained golf greens and enjoying exclusive access to the top-tier amenities of Sun Lakes. Whether you're an avid golfer or seeking a serene retreat, this is your chance to live in a place where every day feels like a vacation. Don't miss out on this rare opportunity to own a piece of paradise in one of Arizona's most sought-after communities. Inquire today and take the first step towards living your dream!
922 W Vaughn Street Tempe, AZ 85283
$525,000
4
Beds
2
Baths
2,095
SqFt
Status
Active
MLS #
6697237
Property Type
Single Family Residence
Price Type
--
This is a rare opportunity to save money on a great Tempe home that needs relatively minor cosmetic work! Priced below comps. This 4 bed, 2 bath home features an upgraded and opened kitchen with dual wall ovens, stainless appliances, new cabinets, and granite counters. Other upgrades include luxury vinyl flooring, new interior doors & front door, taller baseboards, and an owned solar system. NO HOA! Needs interior paint & trim finishing, and pool/kooldeck resurfacing. Roof replaced in 2022. Owner holds an Arizona real estate license.
2128 S Shelby -- Mesa, AZ 85209
$525,000
4
Beds
2.5
Baths
2,370
SqFt
Status
Active
MLS #
6688398
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home! This beautiful property has undergone a complete interior remodel, with modern upgrades and exquisite finishes throughout. A striking stone wall greets you upon entry, setting the tone for the sophistication that awaits within. With 4 bedrooms plus a versatile loft space, there's ample room for your family to live, work, and play. Indulge in the spa-like ambiance of the remodeled bathrooms, boasting tiled walk-in showers for a touch of opulence. The heart of the home, the kitchen, showcases brand-new quartz countertops, providing both durability and elegance for culinary enthusiasts. Situated in a desirable gate neighborhood and across the street from a grassy park, this home offers a perfect blend of tranquility and convenience. Don't miss this one!
13139 W Seville Drive Sun City West, AZ 85375
$525,000
2
Beds
3
Baths
1,906
SqFt
Status
Active
MLS #
6691473
Property Type
Single Family Residence
Price Type
--
Huge price drop! Move-in ready, fully furnished, from the forks to the golf cart, all you need to bring is a change of clothes. Welcome to your dream home! Low energy bills. This one-of-a-kind residence offers unparalleled upgrades and amenities. Fully equipped and meticulously designed. As you step inside, you'll be greeted by comfortable soft cork floors and designer touches. High End furnishings and decor abound. The kitchen boasts modern appliances like Miele built-in coffee/espresso maker, multi-function convection, steam, roast, air frye wall ovens, induction stovetop with a beautiful range hood. Clean-up is a breeze with the super quiet Bosch dishwasher plus a 24'' Fisher & Paykel Single Door dishwasher, while beverage fridge drawers keep your refreshments perfectly chilled Custom task lighting, remote control Hunter Douglas blinds, glass backsplash, solid wood open shelving and a 5' movable center island round out the amazing kitchen. A Split floor plan that features both a master and a guest suite. The master has a walk in closet and features custom black out curtains and soft plush carpet. The custom tiled and glass shower has multiple shower heads for your enjoyment. The guest suite also has an inviting en suite with custom tiled walk in shower. Additional upgrades include an efficient burning biofuel fireplace, a fully paid solar system, all the windows are replaced with energy efficient ones, and a dual HVAC systems providing year round comfort with low cost energy bills. Plantation shutters. The hall bath has a walk-in tub shower, and a space-saving toilet. The laundry room is equipped with a sink, custom cabinetry. Entertain guests on the exterior patios with custom seating and entertainment areas, or take a leisurely ride around the neighborhood in your included golf cart. Don't miss your opportunity to own this extraordinary home where every upgrade and feature has been carefully selected and every detail of this home has been thoughtfully curated for your comfort and convenience.
22497 E Via Del Verde -- Queen Creek, AZ 85142
$525,000
4
Beds
3
Baths
2,308
SqFt
Status
Active
MLS #
6693778
Property Type
Single Family Residence
Price Type
--
A steal of a price! Starting with the astetically appealing exterior of this 4 bedroom 3 bath split floorplan you will instantly fall in love with all the features. Gorgeous upgrades, tile floors, island kitchen with granite countertops, plenty of cabinet space, eat in area large enough for that oversized table, great room floorplan for hanging with the family while cooking dinner or to entertain guests. Low maintenance front and back yards await you, extensive paver patio with full lenght cover. Ample side yard with dog run with shades in place. Large community pool, splash pad and parks. This is a must see. Close to all Queen Creek amenities, parks, shopping, dining, Olive Mill and schools.
4258 E Decatur Street Mesa, AZ 85205
$525,000
3
Beds
2
Baths
1,890
SqFt
Status
Active
MLS #
6694514
Property Type
Single Family Residence
Price Type
--
Discover the perfect blend of comfort and convenience in this beautifully remodeled, furnished single-family home located in a tranquil Mesa neighborhood with no HOA. Featuring a thoughtful split floor plan that provides privacy and space, this home is ideal for both relaxation and entertaining. Enjoy the ease and elegance of tile flooring throughout, and the added security of a new roof to be installed before you take ownership. An RV gate complements the property, offering ample space for your recreational vehicles. With all the modern amenities in place and no homeowner association restrictions, this home is a true gem ready for you to move in and make it your own. Don't miss out on the opportunity to own this exquisite Mesa residence.
925 E Lexington Avenue Gilbert, AZ 85234
$525,000
3
Beds
2
Baths
1,566
SqFt
Status
Active
MLS #
6692439
Property Type
Single Family Residence
Price Type
--
Heres the one you've been waiting for! Property is updated with fresh updates and also new AC in 2020 & roof in 2022. Professional photos coming soon.
28938 N Gold Lane San Tan Valley, AZ 85143
$525,000
4
Beds
2.5
Baths
2,655
SqFt
Status
Active
MLS #
6701883
Property Type
Single Family Residence
Price Type
--
WOW! Beautiful remodeled home with unique finishes throughout! Spacious floor plan featuring 4 BR/1BR 1st floor, 2.5 BA, stylish tile flooring, carpeting & updated lighting & fixtures, plus ceiling fans and two tone paint throughout. Living Room/Dining room combo, Kitchen open to large Family room, plus amazing Loft/2nd Family Room and so much more! Kitchen features granite countertops, Island, abundant cabinets with crown moulding & roll out shelving, large dual door Pantry, lazy susan, & new stainless appliances too! Master Suite features large Bath with dual sinks, separate Tub and Shower, & huge mirrored walk-in closet. All other bedrooms also generous in size. Enjoy views from the backyard covered patio with no neighbors behind plus great relaxing mountain views!
20365 W Vista Paseo Drive Buckeye, AZ 85396
$525,000
2
Beds
2.5
Baths
1,825
SqFt
Status
Active
MLS #
6698746
Property Type
Single Family Residence
Price Type
--
This beautiful home in the 55+ community of Victory at Verrado offers 2 bedrooms + den/office, and 2.5 baths. The island kitchen features quartz counters, soft-close maple cabinets, LG refrigerator with filtered water/ice, dishwasher, and electric range. Large pantry and laundry with LG washer and dryer. A wall of glass with double sliders lets you view the beautiful, low maintenance backyard with covered patio, turf and pavers, perfect for alfresco dining and entertaining, plus a gas line for your grill. The master suite, positioned at the back of the home has a generous bathroom that includes dual sinks, an extended vanity with extra storage, a large walk-in shower with bench, and huge walk-in closet. The den features double doors and could be used as an office or flex space. The second ensuite bedroom has a large bathroom with shower/tub, and walk-in closet and is set away from the master for privacy. Extended 2 car garage with room for storage and whole house water softener. Victory at Verrado is a renowned Active Adult Community nestled in the White Tank Mountains, offering residents access to miles of hiking and biking trails. Community amenities include resort-style pools, The Victory Club with an ultra-modern gym, spa, tennis, bocce ball, pickleball courts, numerous social clubs, activities, events, and a Tom Lehman designed Victory golf course. You also have access to all Verrado amenities too, including another golf course, two pool complexes, gym, and the dining, shopping and vibrant community activities at the beautiful Main Street area, with more currently being built out. This vibrant community is a great place to call home.
41109 N Prestancia Drive Phoenix, AZ 85086
$525,000
3
Beds
2
Baths
2,082
SqFt
Status
Active
MLS #
6697637
Property Type
Single Family Residence
Price Type
--
FURNITURE INCLUDED IN SALE! Come see this updated Telluride model, located near the Ironwood Clubhouse in Anthem Country Club. This elegant home includes fresh paint, new flooring, and modern stainless steel appliances set against slab granite countertops. Enjoy added conveniences like a soft water & R.O. water system, washer and dryer included, and a new 5-ton York A/C installed in 2019. Relax or entertain in the private backyard featuring a covered patio, pavers, mature landscaping, and a BBQ. Community amenities include two private golf courses, clubhouses, heated pools, tennis, pickleball, fitness centers, bocce ball, and more! Experience modern living and a vibrant lifestyle in Anthem Country Club.
22951 S 215th Street Queen Creek, AZ 85142
$525,000
4
Beds
2
Baths
2,038
SqFt
Status
Active
MLS #
6699079
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home nestled alongside the Los Colinas golf course in The Villages at Queen Creek! This single-level home offers a blend of comfort and luxurious living, boasting 4 bedrooms, 2 bathrooms, and a spacious great room designed for gatherings and relaxations alike. The interior has been tastefully updated with fresh paint, sleek countertops, neutral flooring, and new plumbing, fans, and hardware. The gourmet kitchen boasts granite countertops, bright white cabinetry, a walk-in pantry, and an oversized kitchen island. Beyond the main living area awaits a backyard oasis, featuring low-maintenance turf and a covered patio with views of the fairway. The Villages at Queen Creek Community boasts the Los Colinas 18-hole golf course, community pool, fitness center, plus more AND is only minutes away from shopping, dining, and entertainment in the fast-growing town of Queen Creek!
1136 N Cole Drive Gilbert, AZ 85234
$525,000
4
Beds
2
Baths
1,884
SqFt
Status
Active
MLS #
6699107
Property Type
Single Family Residence
Price Type
--
Awesome opportunity to own this fabulous 4-bedroom home in Carol Rae Ranch! A 2-car garage, mature landscape, and a welcoming front porch await you. Abundant natural light graces the inviting living room, featuring wood-look flooring and a lovely bay window. Desirable great room comes with a gas fireplace and sliding glass doors to the back patio. Impeccable kitchen offers plenty of cabinets & cupboards with crown moulding, recessed lighting, stainless steel appliances, tile backsplash, granite counters, and a center island with a breakfast bar. The main bedroom boasts double entry, a walk-in closet, outdoor access, and an ensuite with dual sinks. Large backyard includes a cozy patio. This gem won't disappoint! Act now before it's gone!