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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9726 W Albeniz Place Tolleson, AZ 85353
New
$504,990
5
Beds
4.5
Baths
3,131
SqFt
Status
Active
MLS #
6701782
Property Type
Single Family Residence
Price Type
--
Beautiful Brand New Home in a Highly Desirable West valley location. Under Construction - Est Completion August. Features countless upgrades such as 9' ceilings, Shaw 17x17 Tile, Granite countertops in the kitchen. Whirlpool Stainless steel appliances. White shaker cabinets with Stainless Steel Pulls. Energy-efficient features throughout, WIFI & programmable thermostat. Spacious walk-in closet in the primary suite. Front yard landscaping, covered patio in the backyard. Spectacular Mountain Views! The community features a greenbelt, a premium neighborhood park with playground. Conveniently located near the new 202 freeway, schools, shopping and dining, and Estrella Mountain Regional Park.
12131 W Marguerite Avenue Avondale, AZ 85323
$504,990
4
Beds
2.5
Baths
2,142
SqFt
Status
Active
MLS #
6454131
Property Type
Single Family Residence
Price Type
--
Castellano - Linen cabinets throughout the home and stunning AZT Della Terra Aluminum quartz kitchen countertops including the enhanced island. 8' interior doors, 12x8 sliding glass door off the great room and leads to your covered patio. Upgrade flooring includes 18x18 tile in all areas except the bedrooms & closets and so much more. Seller to write contract and to verify all information with our onsite agents.
5009 W Karl Street San Tan Valley, AZ 85144
$504,990
5
Beds
3
Baths
2,530
SqFt
Status
Active
MLS #
6666970
Property Type
Single Family Residence
Price Type
--
Brand new, energy-efficient home ready NOW! Each of the five bedrooms in this floorplan features a spacious walk-in closet. This home includes umber cabinets with hardware, dusty white granite countertops, stone-look tile flooring, and warm beige carpet. Enjoy a fully covered back patios. This community is conveniently located minutes from San Tan Mountain Regional Park, making morning hikes easy! San Tan Groves boasts 6 community parks with play areas and ramadas. Enjoy dining and entertainment just a few miles away. We build each home with innovative, energy-efficient features that cut down on utility bills so you can afford to do more living.
2628 E Hollywood Ike Avenue San Tan Valley, AZ 85140
$504,990
3
Beds
2.5
Baths
2,178
SqFt
Status
Active
MLS #
6679011
Property Type
Single Family Residence
Price Type
--
Located in San Tan Valley, this adorable single story, 2178 square foot residence boasts a meticulously designed living space. Crafted with a keen eye for both style and functionality, this home harmoniously blends modern elegance with timeless comfort. This home seamlessly integrates open-concept living, featuring a den, 4-panel center sliding glass door, a large kitchen adorned with quartz countertops and stainless steel appliances. The expansive owner's suite includes dual vanities in the bathroom and a large walk-in closet. Additional bedrooms offer ample space for family or guests, each thoughtfully designed with comfort in mind. Complete with a 4-car garage, two car tandem and a super garage, this residence represents the epitome of ideal living.
41050 W Agave Road Maricopa, AZ 85138
$504,990
4
Beds
3
Baths
2,142
SqFt
Status
Active
MLS #
6632217
Property Type
Single Family Residence
Price Type
--
STOP THE CAR... This Castellano is stunning and ready for you to move in. It has 4 bedrooms, 3 baths and 3 car tandem garage. 12x8 sliding glass door off the covered patio great for entertaining. Large walk in shower at owner's bath with tile surrounds. Stainless steel gas range. Benton ''White'' cabinets throughout the home with rollouts at pantry. AZT Della Terra quartz countertops in kitchen, enhanced kitchen island and in owner's bath. 8' interior doors. Additional recessed can lights in kitchen and prewire for pendant lights in kitchen. Upgrade flooring includes level 5 carpet in bedrooms and closets. EMS Cabo II 18x18 tile in remaining areas of the home. Dual sinks at bath 2. We've also added pre-plumb for soft water, gas stub for future BBQ and so much more. Seller to write contract and to verify all information with onsite agents. Water Company is Santa Cruz Water Company and Sewer is Palo Verde Utilities Company.
17463 N 66th Avenue Glendale, AZ 85308
$504,900
3
Beds
2
Baths
1,832
SqFt
Status
Active
MLS #
6645957
Property Type
Single Family Residence
Price Type
--
FINAL CLOSE OUT!! ** LAST LOT REMAINING * * Discover the hidden enclave of new homes at Campana Trails. This collection of 21 single-family homes nestled along the scenic Skunk Creek Trail in Glendale offers a perfect blend of serenity and convenience. Priced affordably in the low $500s. This 3-Bedrooms, 2.5 baths and 1832sq ft has no stairs or steps, with a bright, open Great Room (optional wall of sliding doors to covered patio); Be the envy of your friends and family with this amazing kitchen, with oversized island, walk in pantry, 42'' upper cabinets—all open to the Great Room with lots of light!
3267 E Milky Way Gilbert, AZ 85295
$504,900
3
Beds
2.5
Baths
1,781
SqFt
Status
Active
MLS #
6658855
Property Type
Single Family Residence
Price Type
--
Beautiful 3 bedroom 2 1/2 bath home coming to the market located in Lyons Gate, Gilbert! Be prepared to fall in love! This former model home offers an outstanding floor plan with lots of upgrades and is tastefully appointed in an eye pleasing color palette. The kitchen features white cabinets with crown molding, granite counter-tops, spacious island with bar seating and pantry. Off the kitchen awaits the cozy great room with custom built in cabinet and the surround sound system that carries throughout the home. Upstairs to the spacious master that offers a private bath and walk in closet, 2 secondary bedrooms and laundry room. The professionally designed backyard is perfect for entertaining, featuring a covered patio, large seating area, pavered BBQ area, turf and mature landscaping. This home is move in ready, just waiting for you to make it YOUR new home. Call today to arrange your own private tour!
4641 N 178th Lane Goodyear, AZ 85395
$504,490
4
Beds
3
Baths
2,384
SqFt
Status
Active
MLS #
6695634
Property Type
Single Family Residence
Price Type
--
Brand new, energy-efficient home available by Jun 2024! A unique single-story home featuring a social living area. Umber cabinets with white granite countertops and backsplash. Grey tile flooring in our Cool package. Abel Ranch is now open in Goodyear. Visit this gated community featuring a park, fitness stations, and more. We're proud to introduce new, professionally curated design packages and luxurious primary suites. We also build each home with innovative, energy-efficient features that cut down on utility bills so you can afford to do more living.* Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.
25220 N 131st Drive Peoria, AZ 85383
$504,000
3
Beds
2
Baths
1,910
SqFt
Status
Active
MLS #
6624740
Property Type
Single Family Residence
Price Type
--
Welcome to The Views at Rancho Cabrillo! A new north Peoria Community! This is the 4411 plan from Scott Communities. This one is done as a 3 bedroom 2 bathroom with a den, and a 3 car garage. The split great room plan is amazing on this house! This one is upgraded with a premium kitchen that has quartz counter tops and Benton Birch staggered cabinets. GE stainless steel appliances. This plan also has a large master suite! The master bath has an executive height vanity and a walk-in shower. A big multi slide door opens to the extended patio. The patio looks out to nice size backyard!
4566 N 178th Lane Goodyear, AZ 85395
$503,990
4
Beds
3
Baths
2,384
SqFt
Status
Active
MLS #
6694799
Property Type
Single Family Residence
Price Type
--
EXCLUSIVE opportunity to be one of the first to move in to Abel Ranch. This premium gated community at Camelback and the 303 is in the perfect location to enjoy peaceful living while being close to amenities. Plus, price increases with every phase ensure you walk into equity opportunity with this lovely home. Lot is tucked in the side of the community with no neighbors behind and mountain views from your backyard. You want this lot! It's adjacent to a wash and will have access to community walking trails and be within view of the large park. Lark Plan features generously sized flex space. Package for Lot 1 includes 42'' White Cabinets, Sparkling Quartz Countertops, English Grey tile everywhere you want it with plush carpet where you need in. Contact listing agent to learn about incentives
15936 W Kino Drive Surprise, AZ 85374
$503,900
2
Beds
2
Baths
2,403
SqFt
Status
Active
MLS #
6626604
Property Type
Single Family Residence
Price Type
--
HUGE PRICE REDUCTION!!!! Beautiful expanded Verbena model in the resort style living of The Grand. This beautiful home has been remodeled and is very inviting with its fully remodeled kitchen, bathrooms and other living areas. This home also has fresh exterior paint that was completed in 2022. In the kitchen there is all new cabinets, appliances, granite countertops and tile backsplash. The gourmet kitchen in this home is stunning! The expansive master bath has been completely remodeled as well with new cabinetry, walk in tiled shower, granite countertops and mirrors. The guest bathroom has been remodeled as well! New flooring throughout the home with a combination of gorgeous tile and premium carpet and padding! There is a bonus room on the rear of the house that is climate controlled. Beautiful expanded Verbena model in the resort style living of The Grand. This beautiful home has been remodeled and is very inviting with its fully remodeled kitchen, bathrooms and other living areas. This home also has fresh exterior paint that was completed in 2022. In the kitchen there is all new cabinets, appliances, granite countertops and tile backsplash. The gourmet kitchen in this home is stunning! The expansive master bath has been completely remodeled as well with new cabinetry, walk in tiled shower, granite countertops and mirrors. The guest bathroom has been remodeled as well! New flooring throughout the home with a combination of gorgeous tile and premium carpet and padding! There is a bonus room on the rear of the house that is climate controlled and finished to interior standards. The extended garage leaves ample space for larger vehicles and a golf cart. Put this home on your must-see list! Current owner would consider a 3-6-month lease back.
5025 W Desert Cove Avenue Glendale, AZ 85304
$503,900
3
Beds
2
Baths
1,772
SqFt
Status
Active
MLS #
6668886
Property Type
Single Family Residence
Price Type
--
''Welcome to Your Spacious Oasis in Established Glendale Neighborhood!'' Discover the allure of this spacious and beautiful home nestled in a well-established Glendale neighborhood. Boasting 3 bedrooms and 2 bathrooms, this residence offers ample living space with large living, dining, and family rooms. Step inside to find a home adorned with all-tile flooring throughout the main living areas, creating a seamless flow and easy maintenance. The heart of the home is the great kitchen, featuring an island, granite countertops, and stainless steel appliances - perfect for culinary adventures and entertaining guests. Outside, the backyard beckons with a covered patio and a sparkling pool, offering a private retreat for relaxation and enjoyment. This home is conveniently located within close proximity to schools, dining, shopping, entertainment, and major highways, providing easy access to all the amenities the area has to offer. Don't miss the opportunity to make this your new home sweet home! Embark on the next chapter of your life in this inviting oasis.