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.
What’s Your Home Worth?
Search for Your New Home
16036 N 11th Avenue Phoenix, AZ 85023
$466,000
4
Beds
3
Baths
2,270
SqFt
Status
Active
MLS #
6616050
Property Type
Single Family Residence
Price Type
--
GREAT SPACE! This is an amazing opportunity for a 4 bedroom 3 bath with a community pool! This move in ready home is over 2,200 square feet! This is the home you have been dreaming of finding...
634 N 48th Street Phoenix, AZ 85008
$466,000
5
Beds
2
Baths
1,715
SqFt
Status
Active
MLS #
6655149
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in the heart of Phoenix! Located only minutes from the freeway, this stunning 5-bedroom 2-bathroom home offers the perfect blend of modern luxury and desert charm. As you step inside, you'll be greeted by an open and spacious floor plan that's ideal for both comfortable family living and elegant entertaining. The living room boasts ample natural light creating a warm and inviting atmosphere. The gourmet kitchen is a chef's delight, featuring granite countertops, stainless steel appliances, and ample counter space. Enjoy the Arizona sunshine in your large backyard with endless potential. Perfect for family gatherings and outdoor relaxation. Spacious laundry room with washer and dryer included!
3702 W Hearn Road Phoenix, AZ 85053
$466,000
4
Beds
2
Baths
1,551
SqFt
Status
Active
MLS #
6659367
Property Type
Single Family Residence
Price Type
--
Your dream home is here! Don't miss this recently remodeled 4-bedroom property situated on a corner lot. Make yourself feel at home with the inviting interior showcasing wood-look tile floors, recessed lighting, and a bright living/dining area. Delightful great room is perfect for creating cherished memories. Lovely kitchen boasts white cabinetry, SS appliances, glossy granite counters, and a center island with a breakfast bar. Sizable main bedroom lets you relax, including a private bathroom and a walk-in closet. Chill in the charming backyard, offering a covered patio, sitting area, and a refreshing pool. What's not to like? Come and experience this gem's convenience and style for yourself!
17798 W Running Deer Trail Surprise, AZ 85387
$465,995
4
Beds
3
Baths
2,040
SqFt
Status
Active
MLS #
6658921
Property Type
Single Family Residence
Price Type
--
This single level Saphire is so inviting and well thought out. The home features 4 Beds, 3 Baths with a bonus den/teen room and a 3-car garage. The Sapphire floor plan welcomes guests with pavers and a covered entry. Off the foyer, you'll find two bedrooms and a full bath. Heading towards the great room you will find the fourth bedroom and den/teen room with a dedicated bath. The home features 9 ft ceilings, 8'6'' paneled interior doors and an extended entry which leads to an open layout kitchen featuring a large upgraded center island, 42-inch upper cabinets, gas SS oven range and a convenient dining area. The great room is nicely sized with a center-meet double sliding door giving the space a light and open feel gracefully leading to the covered patio. The split floor plan features an owner's suite with two walk-in closets and an attached bath. Located in the fantastic community of Desert Oasis features parks, playgrounds and a community pool. Close to the new Frys marketplace with convenient access to the Loop 303 and US-60, nearby Lake Pleasant, Surprise Stadium, Wildlife Zoo, Aquarium & Safari Park in the fast-growing NW Valley. This beautiful home is done right and has so much to offer!
40930 W Agave Road Maricopa, AZ 85138
$465,990
4
Beds
3
Baths
2,142
SqFt
Status
Active
MLS #
6641288
Property Type
Single Family Residence
Price Type
--
START PACKING... It's the Castellano.. This home has 4 bedrooms, 3 baths and 3 car garage. Large walk-in shower at owner's bath. Multi slide door that leads out to the covered patio perfect for entertaining. Gas range for the cook in the family. Benton painted white cabinets with 42'' kitchen uppers and pull out trash drawer with two bins. DT One Quartz Evening Gray countertops in the kitchen and at the enhanced kitchen island. DT Marble Attache Matte kitchen backsplash and stainless steel undermount kitchen sink. 8' tall interior doors throughout the home. Upgrade flooring includes MZ Norwood Oak 6x24 tile in all areas of the home except bedrooms/closets. Gas drop to dryer, gas stub for BBQ, 8' garage door, garage service door and so much more.
12565 N 175th Drive Surprise, AZ 85388
$465,900
3
Beds
2
Baths
1,836
SqFt
Status
Active
MLS #
6688259
Property Type
Single Family Residence
Price Type
--
Beautiful property nestled on a desired corner lot! This gem displays a well-maintained front yard and a 2-car garage for your vehicles. The delightful interior features a spacious open floor plan, highlighting tall ceilings, a soothing palette, tile flooring, and soft carpet in all the right places. The kitchen is fully equipped with ample counter space, a walk-in pantry, rich wood cabinetry, recessed lighting, and an island with a breakfast bar, great for morning conversations. Double doors reveal a generous main retreat, offering a private bathroom with dual sinks and a large walk-in closet. Out the back, you'll find a covered patio for relaxing evenings after a busy day. Conveniently situated near schools, shopping, and parks. Stop searching!
505 W Stanley Avenue San Tan Valley, AZ 85140
$465,500
3
Beds
2
Baths
1,999
SqFt
Status
Active
MLS #
6689220
Property Type
Single Family Residence
Price Type
--
Welcome Home!! This beautiful 3 bedroom, Plus Den, 2 bath, 2 car garage home is located in the desirable and established Ironwood Crossing neighborhood. Large kitchen with granite counter tops, beautiful crown molding on cabinets, custom tile back splash, and stainless steel appliances. Open and spacious floorplan with 8' doors throughout. Ceiling fans in all rooms. Water softener and RO water system. Enjoy relaxing under your extended covered patio with sunshades or under the stars next to your gas fire pit. Exterior was repainted in 2020. This is a must see! Owner has access to Mary Lou Fulton & Ira Fulton Aquatic center. Great community features include parks, basketball courts, pickleball courts and much much more. **Some Furniture is Available on a Separate Bill of Sale*
16755 W Buckhorn Trail Surprise, AZ 85387
$465,462
4
Beds
3
Baths
2,291
SqFt
Status
Active
MLS #
6686984
Property Type
Single Family Residence
Price Type
--
Can't find what you want on the resale market, look no further. This 4 bedroom, 3 bathroom Pastora plan is open, spacious and livable. The kitchen overlooks the great room and is loaded with upgrades. The kitchen includes 42'' upper cabinets with a gourmet layout, stainless steel appliances, quartz counter top and beautiful back splash. The flooring throughout is upgraded. The 12ft. sliding glass door allows more light into the great room and provides a seamless transition between the indoor and outdoor spaces. Our High Performance Homes come standard with home automation technology and a Reme Halo air purifier to promote a healthy lifestyle. EZ access to the 303 loop. Elementary school is close to community. Home is MOVE-IN READY
17708 W Eva Street Waddell, AZ 85355
Open House
$465,420
5
Beds
2.5
Baths
1,915
SqFt
Status
Active
MLS #
6687003
Property Type
Single Family Residence
Price Type
--
This GORGEOUS Single Story New Construction home has it all! 1,915 square feet, 5 bedrooms, 2.5 bathrooms, w/ 2 car garage! ***Est COE in May*** Our Quick move-in homes will include appliances and backyard landscape with turf. This home features a modern, neutral color palette, offering 36'' white shaker cabinetry, a large kitchen island, upgraded white quartz countertops, and 9' ceilings throughout. It also includes a soft water loop. This home prioritizes efficiency, with features such as dual pane low-E windows, and a smart home system included. The exterior features front yard desert landscaping, a covered patio and private backyard. Conveniently located off the 303, this community is near Costco, Safeway, and shopping. **Finishes may vary from sample photos and virtual tour.
9812 E Windy Pass Trail Gold Canyon, AZ 85118
$465,400
3
Beds
2
Baths
1,642
SqFt
Status
Active
MLS #
6657193
Property Type
Single Family Residence
Price Type
--
This popular split floor plan is located in a gated community on a quiet corner lot with mountain views and mature, low-maintenance landscaping in both the front and back yards. The interior features 3bd/2ba split floor plan, open family room with fireplace & skylights, formal dining room (or den), ceiling fans throughout and 9ft+ ceilings. Large primary suite includes great views of the back yard & pool and an en-suite with dual sinks, shower and walk-in closet. The eat-in kitchen features maple cabinets, granite countertops, pantry and breakfast bar. Tile & laminate flooring throughout. Enjoy the pebble tec play pool with waterfall and above-ground spa! The pool has a self cleaning in-ground system. Welcome home!
1850 E Bernie Lane Gilbert, AZ 85295
$465,205
3
Beds
2.5
Baths
1,812
SqFt
Status
Active
MLS #
6693338
Property Type
Townhouse
Price Type
--
Beautiful, newly built condo now available in Towns at Annecy! This 2-story Spanish/Italian style property offers a lovely kitchen with Stainless Electric GE appliances including a refrigerator, Quartz countertops, and a Delta Faucet. Other highlights include Espresso Shaker style cabinets, Delta Bath Hardware, wood look flooring, two closets in the Primary Suite, and ample storage throughout. A stainless GE Washer and Dryer are also included! Soft Water Loop pre-plumbed only. Enjoy gated access and endless amenities including a pool, spa, playground, and more! Please note that the interior photos are not from this home, they are a reference from a finished model.
1850 E Bernie Lane Gilbert, AZ 85295
$465,205
3
Beds
2.5
Baths
1,812
SqFt
Status
Active
MLS #
6693434
Property Type
Townhouse
Price Type
--
Lovely new Spanish/Italian style condo now available in the private and gated community of Towns at Annecy. Enjoy endless amenities throughout the community and designer selections throughout the 3 bed, 2.5 bath home. Stainless Electric GE appliances including a Refrigerator, Washer, and Dryer! The kitchen boasts Quartz countertops, a Delta Kitchen Faucet, and Nutmeg Shaker style cabinets throughout. The unit has ample storage including two closets in the Primary Suite. Other highlights include wood look flooring and carpet flooring, Delta bath hardware, and a Soft Water Loop pre-plumbed only. Attached 2-car tandem garage. Please note that the interior photos are not from this home, they are a reference from a finished model.