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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31134 N 137th Avenue Peoria, AZ 85383
$509,000
3
Beds
2
Baths
1,573
SqFt
Status
Active
MLS #
6704197
Property Type
Single Family Residence
Price Type
--
You will be living in Vistancia, voted the #1 Master Planned Community in Arizona by Ranking Arizona magazine for the last 10 years in a row. There is a paid for Solar system allowing you to have reduced utility bills throughout the year. Features is an open dining room and family room with built-in wine storage and cabinets. The kitchen has Wiley Brown Beech cabinets with staggered uppers, and a center island workstation with eating bar, a large pantry, and generous amount of recessed lighting, granite kitchen countertops, black gas range, dishwasher & microwave and finished off with a stainless-steel refrigerator. A separate work spade is included. In the owner's suite an oversized oval tub, separate shower, and walk-in closet with extra shelving. Energy saving features (see more) include low E dual glazed windows and doors and a programmable thermostat. Community Amenities include Public Championship Golf Course, miles of hiking trails ,3 Community Pools with Water Slides, Public Parks, Basketball Gymnasium, tennis and pickle ball courts.
11676 W Levi Drive Avondale, AZ 85323
$509,000
4
Beds
3
Baths
1,970
SqFt
Status
Active
MLS #
6690220
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in the heart of the coveted Avondale community within Alamar! This methodically crafted home is highlighted by an inviting open-concept floor plan, perfect for both entertaining and everyday living. Step into the spacious living area adorned with a custom-built entertainment center, where relaxation meets sophistication. The updated gourmet kitchen is highlighted by roll out cabinets, gas cooktop and a large granite sink. This freshly painted home also boasts a 3-car tandem garage and thoughtful custom storage at the entryway. Beyond the sleek interior lies a masterfully designed backyard, offering a tranquil escape from the hustle and bustle of daily life. Enjoy gatherings around the cozy firepit, surrounded by plush seating that beckons you to unwind under the stars. Whether hosting friends or simply enjoying a quiet evening, this outdoor sanctuary provides the ultimate setting for unforgettable moments. Indulge in the luxury of modern living combined with the charm of the Alamar community. Don't miss the resident-only Hay Moon community park, complete with beautiful pool, playground, BBQ grills and large open spaces. Just 1 mile outside the community is the 40-acre Alamar Park which offers Pickleball, Dog Park, Tennis, Basketball, Splash Pad, Urban Fishing and so much more. With the recently opened Lakin Preparatory Academy this community truly has it all. Experience the essence of comfort, style, and serenity of this exceptional home in a thoughtfully built community.
7559 W Cinnabar Avenue Peoria, AZ 85345
$509,000
4
Beds
2.5
Baths
2,328
SqFt
Status
Active
MLS #
6640008
Property Type
Single Family Residence
Price Type
--
Take a look at this incredible 4-bedroom home! Featuring a private pool, brand-new flooring, and gleaming stainless steel appliances, it's truly impressive. The master bedroom steals the show with its spacious walk-in closet and double sinks. With plenty of room for everyone, this place is a dream!
3011 Pleasant Valley Court Prescott, AZ 86305
$509,000
3
Beds
2
Baths
1,719
SqFt
Status
Active
MLS #
6649988
Property Type
Single Family Residence
Price Type
--
Wonderful family home in a quiet, peaceful neighborhood! Perfect location that is central to everything, close to trails, downtown Prescott, shopping and parks. Enjoy the light, bright rooms with walls of windows looking toward the large privacy-fenced back yard backing 10 acres of open space. Drink coffee and enjoy evening BBQ and drinks on the private back patio under the shade tree. Custom concrete countertops, upgraded fixtures, newer laminate floors, 9 foot ceilings, tile surround jetted tub, newer carpet, French doors, stainless appliances, high efficiency furnace, large laundry room and solar electric system. The tranquil setting is perfect for the home gardener with an enclosed raised garden bed. Trees and berry bushes abound with apple, pear, cherry, plum, blueberry, raspberry and almond spread throughout the property all irrigated by a worry-free 6-zone sprinkler system in both the front and back yards! Shaded front patio adjacent to rose bushes & a butterfly garden. We are excited find someone to make their own memories in this wonderful home!!
419 N 41st Street Phoenix, AZ 85008
$509,000
3
Beds
2
Baths
1,657
SqFt
Status
Active
MLS #
6679229
Property Type
Single Family Residence
Price Type
--
Looking for a place to call home? This fully remodeled 4-bed, 2-bath residence boasting a well-maintained front lawn is the one for you! Discover a spacious great room with high ceilings, recessed lighting, a neutral color scheme, and stylish wood-look tile flooring. The family room boasts vaulted ceilings and sliding doors leading to the backyard for seamless indoor-outdoor living. The kitchen features quartz counters, white shaker cabinets, chic tile backsplash, SS appliances, pendant lighting, and a center island with a breakfast bar. The main bedroom includes a private bathroom with dual sinks and a walk-in closet for all your belongings. Enjoy quiet afternoons in the backyard, which displays an open patio. Approved permits for the casita at back are available for the next owner
6821 S 45th Lane Laveen, AZ 85339
$509,000
4
Beds
2.5
Baths
2,456
SqFt
Status
Active
MLS #
6693265
Property Type
Single Family Residence
Price Type
--
This beautifully maintained home located in a cul de sac boasts 4 bedrooms 2.5 bathrooms, a downstairs den and living room with recently installed flooring opens to the kitchen, stainless steel appliances, a room with a closet can be converted to a 5th bedroom or used as a multipurpose space, high ceilings providing plenty of natural light in every room, a HUGE, lush one of a kind PRIVATE back yard for entertaining, a sparkling pool with a gorgeous rock formation and ambient lighting, a built in BBQ gas grill STILL NEW, newly installed turf, the covered patio is perfect for al fresco dining in this outdoor sanctuary. Welcome home to your own slice of paradise in Phoenix. Located in a prime location close to dining, shopping, outdoor recreational activities and cultural attractions
1093 W Myrna Lane Tempe, AZ 85284
$509,000
3
Beds
2
Baths
1,661
SqFt
Status
Active
MLS #
6699590
Property Type
Single Family Residence
Price Type
--
*Cute as a Button*Lovely 1-story in Conveniently Located Sierra Tempe*Vaulted Ceilings & Gleaming Saltillo Tile in Formal LR/DR & Kitchen/FR Areas*Bay Window in the Formal LR/DR space & Fireplace in FR*Refinished White Kitchen Cabinets & Counters, w/ the accent of Stainless Backsplash & Appliances*Porcelain Floor Tile installed in Guest Bedrooms, New Carpet in Owner's Ste.*Owner's Ste. Bath Remodel-'19 w/ Granite Countertop, Dual Sinks, Granite Shower Pan, Tile Surround & Non-Slip Floor Tile*Updates Galore: Fiberglass Pool & Backyard Turf-'21, New HVAC-'21, Roof Underlayment-'19, Owned Fusion Solar System-'20, Windows in 3 BR's, 1 window in LR Replaced-'21, Water Heater & Softener-'22, EV Charger(non-Tesla)-'22, Exterior Paint & Garage Door Opener-'23*Backyard Oasis w/ Pool, Fireplace...*
11500 E Cochise Drive Scottsdale, AZ 85259
Open House
New
$509,000
2
Beds
2
Baths
1,306
SqFt
Status
Active
MLS #
6706099
Property Type
Townhouse
Price Type
--
Elegant and relaxed living await you in this beautifully remodeled (2021) condo, located close to restaurants and shopping. Nestled between the 101 and Fountain Hills, this great lock and leave residence features granite kitchen counter tops, custom cabinetry and an open floorplan....perfect for entertaining with style! Exercise room and pool for your pleasure. Cozy up to the gas fireplace in winter months. Clean and move in ready!!!
1868 S Saddle Street Gilbert, AZ 85233
Open House
$509,000
4
Beds
2
Baths
2,004
SqFt
Status
Active
MLS #
6693178
Property Type
Single Family Residence
Price Type
--
PRICE REDUCTION! Rare to find below market value single-level residence in Westbank Estates! From the moment you arrive, the 2-car garage and the lovely mature front yard will greet you, making you feel instantly at home. Enter to find a large living & dining room combo and an inviting family room that opens to the kitchen! Natural light filled the spaces, complemented by neutral paint and tile flooring throughout. The kitchen features built-in appliances, ample wood cabinetry, a pantry, recessed lighting, and an island w/breakfast bar. It also includes a cozy nook with access to the back! The primary bedroom boasts an ensuite with dual sinks, a separate tub/shower, & a walk-in closet. Check out the backyard with a covered patio to relax and an additional open patio for enjoying BBQ! Below market value. Great opportunity to make your own dream home in this great community!
6496 W Saratoga Way Florence, AZ 85132
Open House
$509,000
2
Beds
2
Baths
1,971
SqFt
Status
Active
MLS #
6650565
Property Type
Single Family Residence
Price Type
--
Amazing 18th fairway views of Poston Butte Golf Course! This meticulously maintained and highly upgraded ''Arcadia'' floor plan w/3rd car garage is perfectly appointed on a N/S PREMIUM GOLF COURSE LOT. Enjoy the stunning views from the extended paver patio, surrounded by desert landscape within walking distance of the Anthem Grille and Club House. Enjoy the interior details that include a gourmet kitchen featuring true staggered cherry cabinetry w/crown molding, granite countertops, double wall ovens, electric cooktop, AC/Heat installed 2017, bay window in Cafe', den/office, new paint , new carpet, new travertine courtyard and laundry/garage cabinets. The primary en-suite offers soaking tub w/seperate shower, double vanity and a large walk in closet. The Florence bond is PAID IN FULL Take advantage of the Anthem Grille, The Poston Butte Golf Club, a learning center and all the festivities, activities and amenities a Sun City community has to offer. Remember you are buying a lifestyle that goes beyond the homes property lines.
28045 N 176th Avenue Surprise, AZ 85387
New
$508,995
4
Beds
2
Baths
2,370
SqFt
Status
Active
MLS #
6706421
Property Type
Single Family Residence
Price Type
--
Explore this impressive Raleigh home, ready for an August-September move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; a quiet study; a gourmet kitchen offering 42'' cabinets, quartz countertops, stainless-steel appliances, a double oven, a walk-in pantry and a center island; an open dining area; a spacious great room boasting center-meet doors leading onto a relaxing covered patio; a lavish primary suite showcasing a generous walk-in closet and a private bath; a convenient laundry; a bedroom in lieu of a storage area; a mudroom and a 3-car garage. This home also offers ceiling fan prewiring and additional windows in select rooms. Tour today!
20096 W Exeter Boulevard Buckeye, AZ 85396
$508,995
4
Beds
2.5
Baths
2,370
SqFt
Status
Active
MLS #
6672223
Property Type
Single Family Residence
Price Type
--
Explore this impressive Raleigh home, ready for quick move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: a welcoming covered porch; a bedroom and bathroom in lieu of a study and powder room; a gourmet kitchen offering a double oven, 42'' cabinets, stainless-steel appliances, quartz countertops, a walk-in pantry and a center island; an open dining area; a spacious great room; a lavish primary suite showcasing a generous walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a storage area; a covered patio and a 2-car garage. This home also offers additional windows and ceiling fan prewiring in select rooms as well as airy 10' ceilings throughout.