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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19614 W Wilshire Avenue Goodyear, AZ 85395
$509,995
4
Beds
3
Baths
2,570
SqFt
Status
Active
MLS #
6641116
Property Type
Single Family Residence
Price Type
--
Welcome to this elegant Celeste home, ready May 2024! Included features: a covered entry; pavers in the driveway, walkway and gourmet kitchen offering 42'' upper cabinets, quartz countertops, stainless-steel appliances, a center island; 36'' gas cooktop, oven and microwave in the wall; a generous great room; a charming nook with sliding patio door; a secluded primary suite showcasing a spacious walk-in closet a private bath with double sinks and deluxe owners bath with walk-in shower and separate bath tub; a central laundry with pre-plumbed sink; a covered patio; gas stub at patio; 2-car garage with 8' garage door opener ! This home also has dramatic 10' ceilings, cultured marble bath countertops, ceiling fan prewiring in select rooms, coach lights.
14001 W Beverly Road Goodyear, AZ 85338
$509,990
3
Beds
2
Baths
1,658
SqFt
Status
Active
MLS #
6699288
Property Type
Single Family Residence
Price Type
--
KING OF THE MOUNTAIN! NESTLED HIGH IN THE ESTRELLA FOOT HILLS, LOOK DOWN OVER THE CITY BELOW BY DAY, TWINKLING CITY LIGHTS BY NIGHT, 360 DEGREE VIEWS! NEW BUILD, ESTIMATED DECEMBER COMPLETION, 1,658 SQ FT, 3 BED / 2 BATH SINGLE LEVEL HOME ON AN ACRE+ LOT, NO HOA'S, BRING YOUR HORSES, TOYS & RVS!! THIS HOME HAS GREAT CURB APPEAL WITH A TILE ROOF, INSIDE YOU WILL FIND THE MOST CHARMING KITCHEN-GREAT ROOM FEATURING WALLS OF GLASS, MODERN WHITE SHAKER CABINETS, GRANITE OR QUARTZ COUNTERTOPS, A HUGE KITCHEN ISLAND & A LARGE PANTRY. 18X18 INCH CERAMIC TILE COVERS THE FLOORS EXCEPT FOR THE CARPET IN THE BEDROOMS. VAULTED CEILINGS, THE MASTER FEATURES AN OVERSIZED CLOSET ALONG WITH A QUARTZ TOPPED VANITY W DOUBLE SINKS & A CUSTOM TILE MASTER SHOWER. PHOTOS ARE FROM PRIOR HOMES & REFLECT UPGRADES THE BUILDER IS WAITING FOR MARICOPA COUNTY TO ISSUE THE BUILDING PERMITS FOR THE PROJECT TO START. THE EXPECTED RELEASE DATE IS EARLY JUNE 2024.
5519 W Thurman Drive Laveen, AZ 85339
$509,990
3
Beds
2.5
Baths
2,178
SqFt
Status
Active
MLS #
6679478
Property Type
Single Family Residence
Price Type
--
Stunning Farmhouse split floorplan 3-bedroom 2.5 Bath with a den home located in the West Valley's newest community, Estates at Estrella Crossing. With a large walk-in pantry with the super 4 car garage is out of this world! This newly constructed home includes professionally designed features and finishes including quartz countertops, subway tile backsplash, 36'' cabinets that are 2 tone which include contemporary white uppers and complimenting gray cabinet for the kitchen island. Ashton Woods is pleased to include ALL APPLIANCES in this home, making your move-in process seamless. You'll find stainless steel dishwasher, stove, and refrigerator in the kitchen, and matching washer-dryer in the well-appointed laundry room.
5508 W Mcneil Road Laveen, AZ 85339
$509,990
4
Beds
3
Baths
2,219
SqFt
Status
Active
MLS #
6682193
Property Type
Single Family Residence
Price Type
--
Welcome to this stunning newly constructed single-story home offering a perfect blend of modern convenience and classic design. There's plenty of curb appeal with a modern desert elevation and paver driveway, boasting 2,219 square feet of meticulously designed living space. With 4 bedrooms, 3 full baths, a 2.5 car garage, and additional spacious guest retreat space, this layout is ideal. The 12 by 24 plank tile floors are throughout, including the spacious guest retreat for a stylish look and easy maintenance with plush carpet in the bedrooms. The kitchen has a large island that overlooks into the dining and living area making it great for hosting and entertaining. We've added a pendant prewire that sit above the island, so you'll be able to add your own flair to this space.
5510 W Summerside Road Laveen, AZ 85339
$509,990
4
Beds
3
Baths
2,150
SqFt
Status
Active
MLS #
6697220
Property Type
Single Family Residence
Price Type
--
Introducing the Sage plan, a stunning 4-bedroom, 3-bathroom home with a den, spanning 2150 square feet of modern desert living. Boasting a sleek paver driveway and contemporary exterior, this residence offers both style and functionality.Step inside to discover the exquisite wood-look tile flooring that flows seamlessly throughout the open-concept floor plan. The kitchen is a focal point of elegance, featuring a striking contrast of grey cabinets on the island and white cabinets elsewhere, with upper cabinets reaching an impressive 42 inches in height. Adorned with a chic beige/grey backsplash and luxurious white quartz countertops, this space is as beautiful as it is functional. Enhanced with upgraded matte black door hardware and bath finishes, every detail of this home exudes sophistication. Entertaining is a breeze with a 4-panel sliding glass door leading to the backyard oasis. The split floorplan ensures privacy, with two secondary bedrooms located up front, a third tucked beside the den, and the primary suite positioned at the rear. Indulge in the comfort of the primary bath, complete with double vanities, a walk-in shower, and a spacious walk-in closet. Additional features include a 3-car tandem garage, providing ample space for vehicles and storage. Don't miss the opportunity to make the Sage plan your own and experience the epitome of desert luxury.
11017 W Wood Street Tolleson, AZ 85353
$509,990
4
Beds
3
Baths
2,375
SqFt
Status
Active
MLS #
6695680
Property Type
Single Family Residence
Price Type
--
Below Market Financing Available!!!!!!!!! This single-story home features a central open design with patio access for easy living and entertaining. The luxe owner's suite is situated toward the back for privacy, while the secondary bedrooms feature toward the entrance—one of which boasts a separate flex space perfect for independent residents. A 3-car garage provides additional storage space. Photos are of a model home, not the actual home.
4618 S Nageli Avenue Mesa, AZ 85212
New
$509,990
3
Beds
2
Baths
1,566
SqFt
Status
Active
MLS #
6702281
Property Type
Single Family Residence
Price Type
--
This home has it ALL! Corner Lot that backs a park/greenbelt in the remarkable Eastmark Community. 3 bedrooms with 2 baths. Popular single level plan ''Violet.'' Upgrades throughout. Including 2 tone paint, 8ft doors, Stainless Steel appliances, Smart home security package and a paver driveway among other things in this beautiful Ashton Woods home that is less than 2 years old. Meticulously cared for home with owner upgrades including custom pendant lighting, full RO and water softener system, Landscaped backyard with a side yard of turf and a paver sidewalk with a trash pad next to the home. This home is a true turn key home and is ready to be enjoyed for years to come.
12114 W Marguerite Avenue Avondale, AZ 85323
$509,990
3
Beds
2
Baths
1,985
SqFt
Status
Active
MLS #
6646000
Property Type
Single Family Residence
Price Type
--
PACK YOUR BAGS... It's our popular Belize. 12x8 sliding glass door that leads out to your extended covered patio. Walk in shower at owner's bath. Gas appliance package including a cooktop. Kinsdale painted - Linen cabinets with rollouts at pantry and pullout trash drawer with two bins. Soft close doors and drawers in the kitchen. Quartz ''Concrete Gray'' countertops in the kitchen and at the enhanced kitchen island. Flooring includes 6x36 Magnolia Bend tile in all areas of the home except bedrooms & closets.16 SEER rated gas A/C unit and so much more. Seller to write contract. Verify all information with onsite agent.
4608 W Acacia Drive Eloy, AZ 85131
$509,900
2
Beds
2.5
Baths
2,121
SqFt
Status
Active
MLS #
6646527
Property Type
Single Family Residence
Price Type
--
GORGEOUS ALTURA MODEL built in 2021! Kitchen features highly upgraded 42'' cabinets, marble backsplash, pendant lights, SS chimney hood, under cabinet lights, Gas cooktop w/5 burners, built-in trash bin, pot & pan drawers, Quartz counters, roll-out shelves (even in the pantry), soft close drawers, wall oven & microwave. You will love the plank flooring, 5-1/4'' baseboards, Glass front door, 8' interior doors, upgraded 340 glass windows, Quartz vanities, 2 full suite bedrooms w/walk-in closets & tile showers. Extended Sun room off the dining area. The laundry room has a full set of cabinets & sink. Step out back to the covered patio w/sunshades. Backyard is fully fenced & landscaped w/pavers & synthetic grass. This home has so many upgrades, is immaculate & was built in 2021.
4529 E Carob Drive Gilbert, AZ 85298
$509,900
2
Beds
2
Baths
1,604
SqFt
Status
Active
MLS #
6700267
Property Type
Single Family Residence
Price Type
--
Welcome to resort-style living at 55+ Trilogy at Power Ranch in Gilbert, AZ. You'll love this 1604 sq ft. 2B2B +den Morningstar floorplan built by Shea. This home offers updated finishes throughout including Californian iron screen door, cherry cabinets, tile backsplash, granite countertops, s/s appliances (including gas stove,) tile flooring throughout, plantation shutters, updated bathroom fixtures and classic neutral interior paint throughout. The south-facing backyard oasis is completely fenced with a paver patio and mature plants with auto-irrigation. This home is being sold completely furnished with any remaining household items included. Mechanicals include water softener (owned,) reverse osmosis, gas water heater, 18 SEER HE AC and gas furnace. Trilogy at Power Ranch offers amazing amenities including heated swimming pools, fitness center, steam room and hot tub; organized fitness classes, pickleball, tennis, hiking, dancing, cards & games; groups including scrapbooking, stained glass, cooking, photography and quilting. Our championship golf course features an on-site restaurant and bar, all open to the public.
7683 W Angels Lane Peoria, AZ 85383
$509,900
4
Beds
2
Baths
1,685
SqFt
Status
Active
MLS #
6695276
Property Type
Single Family Residence
Price Type
--
It sounds like you're describing a property listing or a set of features someone might be looking for in a home. A corner lot with a huge backyard offers plenty of space and potential for outdoor activities or gardening. A side gate for toys suggests convenient access and storage for recreational equipment. Plank-style flooring and natural light can enhance the interior ambiance, creating a warm and inviting atmosphere. And with 4 bedrooms and 2 baths, there's likely ample space for a family or guests. Overall, these features could contribute to excellent curb appeal and a comfortable living environment.
19777 N 76th Street Scottsdale, AZ 85255
$509,900
2
Beds
2
Baths
1,148
SqFt
Status
Active
MLS #
6589893
Property Type
Townhouse
Price Type
--
Resort Style Living at its Best! Desired Ground Floor Condo in the Venu at Grayhawk, One Car Garage, #74 and One Extra Space, #404. This Two Bedroom, Two Bath Condo Features Vinyl Wood Plank Flooring Throughout, Large Kitchen with Stainless Steel Appliances, Spacious Living Room with Fireplace and Desert Views, Master Bedroom Suite with Walk in Closet, Inside Laundry w Full Size Washer & Dryer. New AC Unit, New HW Tank, Upgraded Blinds, Lights and Fans. Venu/Edge Amenities: Concierge, Two Fitness Centers, 4 Resort Style Pools, 3 Hot Tubs, 2 Great Rooms, Business Center, WIFI, Gas Grills, Outdoor Fireplaces, Two Clubhouse Game Rooms, Two Movie Theaters, Resident Chef, Monthly Events & More. Buyer to Verify all Material Facts and Measurement