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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501 E Phoenix Street Payson, AZ 85541
$474,900
3
Beds
2
Baths
1,462
SqFt
Status
Active
MLS #
6694125
Property Type
Single Family Residence
Price Type
--
Stunning 3 bedroom, 2 bath home with majestic views! Immaculate home with open floor plan, gourmet kitchen, wood floors throughout and phenomenal picturesque windows overlooking the Rim. Gourmet kitchen boasts stainless steel appliances, double ovens and lots of cabinets. Great room overlooks mountain and forest views - perfect for watching sunsets or storms rolling into Payson. Primary suite with wood floors, double sinks, large shower and walk-in closet. Extended covered back patio with privacy. Inside laundry. 2 car garage with long driveway. Close to shopping, restaurants and outdoor hiking.
3030 E Broadway Avenue Apache Junction, AZ 85119
$474,900
2
Beds
2
Baths
1,248
SqFt
Status
Active
MLS #
6698727
Property Type
Manufactured Home
Price Type
--
Almost 38,000 sf lot with majestic mountain views with NO HOA!!! 2 Bedroom, 2 Bathroom Affixed Mfg home with 30'x40' detached RV garage, owned solar, new mini split AC's, painted stucco exterior and newly remodeled inside bathrooms. Relax on your 10'x30' backyard covered patio and enjoy stunning sunrise and sunsets in your private above ground Jacuzzi or hang out at the fire pit. Open kitchen with 42'' cabinets, island with bar top, newer stainless steel appliances and refrigerator. This property has a circular drive, views of the Superstition Mountains, 10 x 20 bonus storage room recently stuccoed. Incredible 30 x 40 ft. oversized Garage, car hobbyist work shop Man Cave with loft storage, and room for your toys. This Horse Property is located 1/4 mile from miles of Horse trails, just bring your corrals! Located close to the U.S. 60, Hiking, Biking, Horse trails. Amazing corner lot property with NO HOA!
8312 E Orange Blossom Lane Scottsdale, AZ 85250
$474,900
3
Beds
3
Baths
1,752
SqFt
Status
Active
MLS #
6493243
Property Type
Townhouse
Price Type
--
COME FALL IN LOVE. NEW CARPETING 6/26/23. WONDERFUL OPPORTUNITY TO OWN A SPACIOUS 3 BEDROOM TOWNHOUSE NEAR DOWNTOWN SCOTTSDALE. PERFECT LOCATION WITH GUEST PARKING ON THE STREET IN FRONT OF YOUR NEW HOME. SUPER FLOOR PLAN WITH LIVING ROOM, FAMILY ROOM AND KITCHEN OVERLOOKING REAR PATIO. ENJOY THE EASY CARE WOODEN FLOORS. TAKE ADVANTAGE OF THE PRIVATE INTERIOR LAUNDRY. SUPER LARGE MASTER BEDROOM WITH WALK-IN CLOSET UPSTAIRS WITH TWO ADDITIONAL BEDROOMS AND GUEST BATHROOM. TOTAL OF 2.5 BATHS. SHADED REAR PATIO AND ASSIGNED PARKING DIRECTLY BEHIND YOUR NEW HOME FOR 2 VEHICLES. CHATEAU DE VIE 3 IS CLOSE TO SCOTTSDALE'S FAMOUS INDIAN BEND WASH SYSTEM OF PARKS AND RECREATION FACILITIES AND AWARD WINNING SCOTTSDALE COMMUNITY COLLEGE. IT'S A GREAT NEIGHBORHOOD AND HOME. BATHROOM COUNT 1+3/4+1/2.
1714 E Diamond Avenue Mesa, AZ 85204
$474,900
3
Beds
2
Baths
1,998
SqFt
Status
Active
MLS #
6606094
Property Type
Single Family Residence
Price Type
--
Good Friday Price Reduction! Look no further! This fantastic 3 bed/2 bath home, just minutes from Downtown Gilbert and the Mesa Light Rail, is a gem. It boasts a charming curb appeal, circular driveway, and a welcoming porch. As you step inside, natural light fills the space, creating a warm and inviting atmosphere. The home features a spacious bonus room with a brick fireplace, perfect for cozy winter nights by the fire or entertaining with a projector. This property falls within the Community Lending geographical area and qualifies for lower rate mortgage financing due to the Community Reinvestment Act. Special Conventional interest rates for this program are below market and can save the borrower hundreds per month. (Not a land trust) The owner's suite offers a peaceful retreat with a walk-in closet and French doors leading to the yard. The secondary bedrooms are well-sized and conveniently separated from the owner' suite. Now, let's talk about the backyard, a true entertainer's paradise! It includes a large diving pool with a built-in table, a lush grass lawn, a spacious shed, a misting system, an extended back porch, (2) 250-amp outlets, an RV gate, and alley access. Several key updates have been made, including a new pool pump in 2020, a water purifier in 2018, a new AC in 2017, a roof replacement in 2014, a water heater in 2020, new grass and sprinklers in 2021, updated carpet in 2020, and fresh interior paint in 2021. This home is move-in ready and has everything you need to enjoy comfortable living and entertaining.
1701 W Clarendon Avenue Phoenix, AZ 85015
$474,900
2
Beds
1
Bath
860
SqFt
Status
Active
MLS #
6619696
Property Type
Single Family Residence
Price Type
--
**Gorgeous 2-bed, 1-bath Encanto Bungalow nestled in Phoenix's vibrant heart: An Exceptional Short-Term Rental Income Gem with a Ready-to-Build ADU Expansion Opportunity. **the potential addition of the ADU will offer an extra 560 sq. ft. of rentable space, maximizing your rental opportunity. Once the ADU comes to fruition, envision a sprawling 4-bed, 3-bath sanctuary that could be rented to up to 3 separate tenants, in the heart of the city. The property provides parking for up to 6 vehicles, and its exterior is adorned with an expansive, furnished patio, capturing the essence of Arizona's refined outdoor lifestyle. Stepping inside, you'll be greeted by a luminous living area, segueing into a gourmet kitchen complete with a modern coffee station and top-tier appliances. In-unit washer and dryer enhance the convenience factor. The lush outdoor area, equipped with a BBQ setup, beckons for gatherings and tranquil moments alike. Beyond its aesthetic appeal, this bungalow stands as a promising and strategic investment prospect for the experienced owner.
7438 E Hum Road Carefree, AZ 85377
$474,900
2
Beds
2.5
Baths
1,916
SqFt
Status
Active
MLS #
6632985
Property Type
Townhouse
Price Type
--
REDUCED. Seller Motivated! Out of state move. Spacious townhome in the heart of Carefree. Enjoy all the amenities, sport court, bocce, basketball and pickleball. Community fire pit, heated pool and spa! Plus walking distance to Carefree Sundial. This home boasts a living room with a kiva fireplace, wet bar, vaulted ceilings with a custom ceiling fan. All new stainless appliances, New flooring. New WD on bedroom floor! 2 Large bedroom suites have exterior doors to the covered patio. Loads of storage, loft in the oversized 2 car garage which leads to a walk in, stand up attic, AND direct entry to kitchen. 55+ community, small percent under 55 allowed. Nest programmable thermostat, sensors on each floor. Small, friendly community for year round/winter enjoyment. Meticulously maintained! Optimal living, refresh cabinets and countertops to your taste and this home will be your perfect retreat.
42916 N 43rd Drive New River, AZ 85087
$474,900
4
Beds
2
Baths
1,790
SqFt
Status
Active
MLS #
6652020
Property Type
Single Family Residence
Price Type
--
Welcome to your beautiful home in the highly popular Anthem West community. Home features a very elegant kitchen with matching black appliances with a built-in microwave, large island with high-top breakfast bar, gas cooking stove, a pantry, and stainless-steel refrigerator. Home also features a split primary suite with a beautiful bay window, a full primary bath with dual vanities, a separate tub and shower, a private toilet room, a spacious walk-in closet, and large garden style soaking tub. Additional features include plantations shutters, NEW CARPET, a built-in BBQ out back with and an extended patio with pavers, and much more.
3669 E Ironhorse Road Gilbert, AZ 85297
$474,900
3
Beds
2
Baths
1,515
SqFt
Status
Active
MLS #
6664792
Property Type
Single Family Residence
Price Type
--
This adorable turn-key residence in Power Ranch is the one for you! Inside, the HUGE living room with sliding glass doors leading to the back patio sets the tone for a cozy living experience. Fresh paint, neutral palette, tile flooring, newly replaced plush carpets, and lovely archways are beautiful attributes. The eat-in kitchen comes with cabinets with crown moulding, stainless steel appliances, and a convenient pantry. Check out the large primary bedroom featuring a private bathroom with a shower & tub combination and a walk-in closet. The secondary bedrooms include well-sized closets. In the spacious backyard, you'll find a covered patio and a mature tree that provides refreshing shade!
15106 W Home Run Drive Surprise, AZ 85374
$474,900
2
Beds
2
Baths
1,936
SqFt
Status
Active
MLS #
6674026
Property Type
Single Family Residence
Price Type
--
Open and airy! Rare to find Valencia II, sought after floor plan in superb location! Near The Grand Softball Field! Take in a game from the charming courtyard. Eco friendly SOLAR!!!(Resulting in Lower Energy Bills) Gas cooking at kitchen, stainless kitchen appliances, kitchen Island, granite counter tops, cherry cabinets. Laundry has ample cabinets and granite countertop (Washer/Dryer included). Primary Suite has a bay window and dual sinks in bathroom. Bedrooms, Office and Guest Bath have white window shutters. Handsome crown molding throughout, stained shutters in kitchen nook. Nice looking custom wood patio doors. Raised panel doors. Extended Patio is epoxy stamped and has a awesome extended pergola covering, pony walls and natural gas hookup. Newer HVAC. Move in Ready!
1350 S Greenfield Road Mesa, AZ 85206
$474,900
4
Beds
2.5
Baths
1,750
SqFt
Status
Active
MLS #
6677598
Property Type
Townhouse
Price Type
--
Become the proud owner of this lovely 4-bed, 2.5-bath townhome in Tesoro at Greenfield! Discover an inviting great room with high ceilings, a neutral palette, blinds for privacy, and durable tile flooring. The kitchen boasts polished granite counters, abundant white cabinetry with crown moulding, sleek built-in appliances, a mosaic tile backsplash, a pantry, and a two-tier peninsula with a breakfast bar for casual dining. Relax after a long day in the main bedroom, offering direct backyard access, a private bathroom, and a walk-in closet. The serene backyard is complete with a covered patio, stylish pavers, and low-maintenance artificial turf. Don't let this opportunity pass you by!
3723 N Aspen Drive Avondale, AZ 85392
$474,900
4
Beds
3
Baths
2,205
SqFt
Status
Active
MLS #
6690213
Property Type
Single Family Residence
Price Type
--
Welcome to this lovely 4-bedroom, 3-bath residence in Garden Lakes! You're greeted by a 2-car garage and a well-manicured front lawn. Discover a welcoming living room with vaulted ceilings, a neutral palette, plantation shutters, and attractive wood-look flooring. The great room includes sliding doors to the backyard for seamless indoor-outdoor living. The kitchen comes with granite counters, ample wood cabinetry with crown molding, recessed lighting, stainless steel appliances, and a convenient pantry. The main bedroom is complete with cozy carpeting, balcony access, an ensuite with dual sinks, and a walk-in closet. Enjoy scenic views of the Community greenbelt from the balcony. The backyard includes a covered patio, a relaxing spa, and a sparkling pool. See this gem now!
7233 E Eagle Nest Way San Tan Valley, AZ 85143
$474,900
4
Beds
2
Baths
1,976
SqFt
Status
Active
MLS #
6694535
Property Type
Single Family Residence
Price Type
--
SELLER OFFERS UP TO A $20,000 (4%) CASH CREDIT AT CLOSING THAT BUYER MAY USE FOR ANY PURPOSE (including paying your agent). Welcome to your ultimate getaway! Step into the luxurious lifestyle offered by this modern 4-bedroom home, built in 2018. The highlight? A dazzling pool in the backyard, inviting you to bask in its splendor. Park your RV or toys securely behind your very own RV gate. Tucked away in a peaceful corner of the community, the backyard transforms into a private oasis, ideal for both quiet relaxation and lively gatherings. Inside, discover a bright, open kitchen and living area that simply begs you to unwind & savor the moment. Revel in the new laminate flooring in three of the bedrooms, adding a touch of elegance and comfort to your living space. Whether you're entertaining guests or simply enjoying the serenity of your surroundings, this home is thoughtfully designed to offer both comfort and joy. Nestled in the charming Quail Run community, you'll also be treated to stunning mountain views, providing a picturesque backdrop to your daily life.