How Will Having a New President Impact Your Mortgage? Let’s Take a Look

How Will Having a New President Impact Your Mortgage? Let's Take a LookThere 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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41 Biltmore Estate Phoenix, AZ 85016

$9,695,000
9 Beds
13 Baths
17,819 SqFt
Status Active
MLS # 6666273
Property Type Single Family Residence
Price Type --
One of the most impressive mansions in Arizona, this grand estate sits on a stunning acre golf course lot at the iconic Arizona Biltmore Resort with spectacular views of Camelback Mountain and Piestewa Peak. Capturing the essence of a resort that has entertained presidents, dignitaries and Hollywood's elite, the home was designed in an architectural style reminiscent of old-world opulence. Exquisite detail representing only the finest craftsmanship and materials fills its voluminous 17,000+ sq ft of living space. Experience illustrious beauty at every turn. Meander through halls and rooms crafted with intricate tile patterns, hand-carved wood wainscoting, dramatic tray ceilings, wood beams and terracotta tile floors. Well-placed sconces and chandeliers create a warmly elegant ambience

6554 N 40th Place Paradise Valley, AZ 85253

$9,690,000 - 6Br/7Ba -  for Sale in Lincoln Heights, Paradise Valley
Open House
$9,690,000
6 Beds
6.5 Baths
7,700 SqFt
Status Active
MLS # 6613811
Property Type Single Family Residence
Price Type --
Discover contemporary elegance in this exceptional 6-bedroom, 6.5-bathroom residence situated in Paradise Valley. Designed with an open floor plan and abundant glass, this home seamlessly integrates indoor and outdoor living, creating a sense of boundless space and tranquility. This modern contemporary masterpiece combines luxury, elegance, and the natural beauty of Paradise Valley, creating an unparalleled living experience.

6822 E Solcito Lane Paradise Valley, AZ 85253

$9,625,000
5 Beds
5 Baths
7,700 SqFt
Status Active
MLS # 6680237
Property Type Single Family Residence
Price Type --
Welcome to the pinnacle of luxury living in this elegantly crafted 7,700 sq ft single-level classic ranch home with modern clean design. House includes 6,500 sqft main home and 1,200 sqft 2 Bed, 2 Bath casita with its own separate private drive. Within walking distance of the newly built Ritz-Carlton resort with world-class dining, shopping, and entertainment. Other features include 4-car garage, gym, office room, game room, wine room, soaring ceiling heights and courtyard with fireplace & camelback views. Spacious backyard with a large pool, spa, firepit, ramada with BBQ and covered patio make this backyard ultimate destination for entertainment. HOME WILL BE READY TO MOVE IN AUGUST 2024. Make the move now and seller can accommodate minor changes to interior finishes to your taste. Please review the documents section for floor plans, interior finishes book and landscape plan.

5221 E Cheney Drive Paradise Valley, AZ 85253

$9,500,000
4 Beds
4.5 Baths
5,502 SqFt
Status Active
MLS # 6628089
Property Type Single Family Residence
Price Type --
Location! Location! Just a few minutes WALK TO PARADISE VALLEY COUNTRY CLUB and nestled on a quiet cul-de-sac on Mummy Mtn sits a beautiful hillside CONTEMPORARY GLASS HOME designed by renowned architect CP Drewett, scheduled for completion JUNE 2024. Fabulous city light views to the north, 28 acres of undeveloped pristine desert owned by Paradise Valley Mountain Preserve Trust to the east + south, and Phx Mtn Preserve + sunsets in the distance to the west. This 5502 sf home is being built by notable Brimley Development and features a stunning great rom with a bar +glass wine wall, office, 4 bedrms including attached casita, 4 car garage, pool + multiple patios to admire the views. A luxurious desert oasis that combines great modern design with the beauty of its natural surrounding

29599 N 106th Place Scottsdale, AZ 85262

$9,500,000
6 Beds
6.5 Baths
9,335 SqFt
Status Active
MLS # 6668532
Property Type Single Family Residence
Price Type --
Welcome to luxury living at its finest in the prestigious Talus at Troon North community of North Scottsdale! This remarkable 9,335 square-foot home built in 2022 is nestled on a nearly 1-acre lot, providing ample space for your dream lifestyle. This impeccable full custom, southwest contemporary home seamlessly blends indoor and outdoor living, featuring a luxurious heated waterfall negative edge pool and spa with travertine and artificial turf surround. The expansive patio areas, a 793 square foot walkout deck, and stunning views of the Sonoran sunset create a perfect setting for entertaining. The gourmet kitchen is a culinary masterpiece with two oversized islands, upgraded granite slabs, Thermador/Wolf appliances, an oversized 60 sink with dual Grohe faucets, reverse osmosis water filtration, two dishwashers and a butler's pantry with sink, counter space, beverage center, and additional storage,. The kitchen opens to the living area, providing an ideal space for gatherings. The oversized master suite features a 2-way fireplace, a generous soaking tub, and a spacious glass surround shower with dual six jet shower panels. Access the view deck and pool through a commercial glass door leading to the deck. The master closet, a haven for fashion enthusiasts, includes shoe shelves, island storage, and built-in drawers, seamlessly connected to the laundry area equipped with two washers and two dryers. With an expansive floor plan featuring six bedrooms including 4 en-suites with walk-in closets, 6.5 baths, dining room, breakfast nook, casual and formal living areas, office, craft room, walkout basement, gym, movie theater with 7.2 surround sound, projector, and a 120 screen, this home is designed for luxury and comfort. Additional features include a game room, 140 bottle wine storage, a whole house water softener, EV charger, an oversized laundry with island and plenty of cabinet space, an artificial turf courtyard with a dog door and enclosed walls for your pet's safety and a attached casita with a kitchenette, bath, and attached garage. The spectacular open floorplan is complimented by an inviting, oversized 12' glass pivot door, 2 enormous sliding glass pocket doors up to 20' wide, ceiling heights up to 16 feet, 3 fireplaces, and architectural block accents. Smart Home features, including 8 exterior security cameras, doorbell, garage doors, selected lighting water heaters, and thermostats, add modern convenience. The four-car garage bays with overhead storage racks, mechanical room and epoxy floors complete this exquisite residence. Don't miss the chance to own this meticulously designed luxurious retreat, where every detail creates a haven of comfort and sophistication.

5215 E Orchid Lane Paradise Valley, AZ 85253

$9,500,000
6 Beds
8 Baths
7,200 SqFt
Status Active
MLS # 6672284
Property Type Single Family Residence
Price Type --
Plans call for a 7,200 square foot 6 bedrooms 7.5 bath single level luxury estate with a four car garage on an acre lot. Plans are approved and permits are in hand which makes this home available to be moved in within six to seven months after closing. Build your dream home in Mockingbird Estates on this cul-de-sac lot with views of Mummy Mountain from almost every room. Plans call for a complete smart home, solar system with battery backup, 1200 square foot primary suite with a fireplace, and doors leading out to the back yard. Each bedroom has a walk-in closet and ensuite bathroom. In addition to the six bedrooms you will also have a private office that you can simply add a closet to if you prefer. The entire home can be adjusted and finishes picked to meet your style. Call today to view the plans.

24546 N 91st Street Scottsdale, AZ 85255

$9,495,000
7 Beds
8.5 Baths
10,204 SqFt
Status Active
MLS # 6575011
Property Type Single Family Residence
Price Type --
The best of Prado Estates. Elegantly crafted and styled this Modern Spanish estate has been completely renovated by Mike Graham of American First Builders, exemplifying all that is modern and sophisticated. Featuring large functional living spaces opening to sweeping mountain and city views on this rare, large 4.7-acre estate lot. Upon entering, a large private courtyard leads to a stunning entry with custom steel windows and doors throughout capturing views of Pinnacle Peak and distant mountain vistas. Enjoy the open floor plan featuring a gourmet kitchen with double islands, a fully equipped butler's pantry and a welcoming great room with beamed ceiling detail and custom built ins. The Primary suite and office are located in a private area of the home while the en suite guest rooms are all spacious with private bathrooms featuring customized detailed tile work throughout. The massive 6 car garage, workshop and auto court make this home perfect for a collector or large family. A large two-story guesthouse includes two bedrooms and a private living area. Expansive resort like grounds featuring a private sport court/tennis court, putting green, custom outdoor kitchen with BBQ and pizza oven, heated pool and spa with room to add countless amenities. All located at the end of a quiet and private gated street. Prado Estates is convenient to multiple golf courses, hiking, shopping and restaurants in North Scottsdale. Truly the best of Arizona living!

6651 E Horseshoe Road Paradise Valley, AZ 85253

$9,495,000
6 Beds
8 Baths
7,865 SqFt
Status Active
MLS # 6507921
Property Type Single Family Residence
Price Type --
Impeccably reimagined & fully remodeled to embody the essence of a new home with a luxurious modern ambiance for 2024. This stunning property spans 7,865 square feet, offering 6 bedroom suites, including an attached casita. The Master Suite is well equipped with a romantic fireplace, lavish bathroom and 2 huge boutique styled closets. The heart of the home is the impressive Kitchen that seamlessly flows into the expansive Great Room, complete with dining island & a well-equipped Back Kitchen. The unique lower level is encompassed by a huge enertaining space with a wine cellar, wet bar & bath. Additionally, there is an Executive Office & a redesigned exterior complemented by a fabulous pool, perfect for hosting exceptional events. The included photos are renderings.

20243 N 103rd Way Scottsdale, AZ 85255

$9,450,000
6 Beds
8 Baths
8,279 SqFt
Status Active
MLS # 6688766
Property Type Single Family Residence
Price Type --
WELCOME TO THE EXCLUSIVE COMMUNITY OF SILVERLEAF! EXQUISITE & IMMACULATE CUSTOM MODERN, LIGHT & BRIGHT ESTATE SITUATED ON SILVERLEAF'S 3RD FAIRWAY OF THE TOM WIESKOPF GOLF COURSE WITH BREATHTAKING MOUNTAIN, GOLF COURSE & CITY LIGHT VIEWS. A RARE OPPORTUNITY TO FIND A CUSTOM HOME LOCATED IN THE HIGHLY COVETED SILVERLEAF PARKS. FEATURING AN OPEN FLOOR PLAN W/8,279 SQUARE FEET, 6 EN SUITE BEDROOMS INCLUDING A CASITA, OFFICE W/BUILT-IN BOOKCASES AND PRIVATE PATIO, BONUS/MEDIA ROOM, 8 BATHROOMS WHICH INCLUDES 2 POWDER BATHS AND A POOL BATHROOM, 2 LAUNDRY ROOMS (DOWNSTAIRS LAUNDRY HAS SERVICE ENTRY), MULTIPLE VERANDAS, 4 CAR-GARAGES W/BI STORAGE CABINETS. SOPHISTICATION, COMFORT, EASY LIVING, ENTERTAINING WITH INDOOR/OUTDOOR LIVING AT IT'S BEST. A GOURMET KITCHEN TO IMPRESS ANY COOK, FEATURING DOUBLE ISLANDS, LARGE WALK-IN PANTRY, SUB-ZERO & VIKING APPLIANCES, 2 DISHWASHERS, 2 MICROWAVES, WARMING DRAWER, BUTLER'S PANTRY W/WINE FRIDGE AND A 336 BOTTLE TEMPERATURE CONTROLLED GLASS WINE WALL. THE LARGE MASTER RETREAT BOASTS A COZY FIREPLACE, HIS/HER CLOSETS, A LARGE MASTER BATH W/HIS/HER WATER CLOSETS, FREE-STANDING SOAKING TUB, FIREPLACE AND FINISHES TO DIE FOR! LIVE OUTDOORS YEAR-ROUND W/THE MOST AMAZING BACKYARD; OUTDOOR KITCHEN, GAS FIREPLACE AND GAS FIRE PIT, HEATED POOL/SPA W/WATER FEATURES, MISTING SYSTEM, CEILING HEATERS, MULTIPLE GRASSY TURF AREAS AND DID I MENTION THE VIEWS! IDEALLY LOCATED TO SHOPPING, SCHOOLS, RESTAURANTS AND THE 101 FREEWAY. THIS IS A MUST SEE, CALL FOR A PRIVATE VIEWING.

120 Paisano Road Sedona, AZ 86336

$9,200,000
6 Beds
9 Baths
7,359 SqFt
Status Active
MLS # 6676875
Property Type Single Family Residence
Price Type --
Introducing an exquisite 8-acre retreat with unparalleled elegance, 120 Paisano Road is the pinnacle of luxury in Sedona, Arizona. With a total of 9,113 square feet of meticulously crafted living space, this one-of-a-kind property boasts 3 separate homes, 6 bedrooms, 6 full bathrooms, and 3 half bathrooms. Tucked away at the end of a secluded, private road, you'll revel in the utmost privacy while being just moments away from the heart of Sedona. The three homes are fully integrated with a custom Savant home automation system, including 22 music zones, 8 video zones, 151 lighting zones and 30 motorized shades, all easily controlled by the click of your phone or tablet. Completed in 2018, this modern luxury home boasts the utmost quality craftsmanship and finishes. The main house spans 5,739 square feet with breathtaking panoramic views from every room. A floor to ceiling, stained glass art installation, by Bob Berg surrounding the massive pivot hinged entry door greets your guests upon arrival. A grand stone entry wall that flows from the exterior to the interior is stunning. The Kitchen is an entertainer's dream, adorned with custom finishes, materials and top of the line appliances. The spacious, open floor plan, towering ceilings, exposed beam architecture, and magnificent architectural fireplace accentuate the Living and Dining spaces. Porcelain tiles, imported from Italy are throughout the main level, equipped with radiant heating. The Powder Room on the main level is truly exceptional. Three ensuite bedrooms, currently configured as a Primary Suite, Office, and Gym, complete the main level. The Primary Suite is elegant and the perfect place to relax and soak in the red rock views of Boynton Canyon while the bathroom provides a spa-like experience. The large walk-in closet features a built-in refrigerator and washer/dryer. Both Gym and Office Bathrooms and Closets have custom casework, and top of the line finishes. The Gym Bathroom also features a large custom sauna. Downstairs, you will enjoy an incredible home cinema by Technically Integrated featuring a state of the art, Meyer Sound system, not available to consumers. This is the same reference sound that is used in Hollywood movie soundtracks including Skywalker, Pixar, 20th Century Fox and Warner Bros. Meyer Sound engineers were flown in from Berkeley to calibrate the system and certify the only EXP Cinema in Sedona! Beyond the theater, you'll fall in love with the gorgeous wine cellar, cocktail lounge, and beer alcove with custom, temperature-controlled wine storage for 1000+ bottles with state-of-the-art lighting. Full wet bar with top tier finishes and appliances including refrigerated drawers, ice maker, integrated kegerator, and dishwasher. All curated to provide the most eloquent experience. The Verde Valley (20 minutes away) was declared an American Viticultural Area (AVA) with a booming wine scene and over 20 amazing tasting rooms/wineries. The Main Guest House spans 1,305 square feet and boasts 2 luxurious ensuite Bedrooms, a full Kitchen, inviting Dining area, and a Living Room adorned with a custom steel surround gas fireplace. A private terrace off the larger guest bedroom provides the ideal setting for quiet contemplation overlooking the private horse arena. There is also a full-size stacking washer and dryer within for your guests to use. Embodying sophistication and luxury at every turn, welcome to the Playhouse. Originally an art studio belonging to renowned cowboy artist legend, Joe Beeler. This space pays homage to its past while embracing modern luxury with 2,069 square feet of entertaining space and 1,000+ square feet of covered terrace. The Playhouse features a full bathroom and a half bathroom, along with an array of playful spaces, including a pool table room, ping pong table room, Kitchen, and Lounge (Do not miss the hidden vault, safe room). Step outside the Playhouse and experience opulent outdoor living. The professional-grade tennis court and practice court, invite you and your guests to engage in spirited matches amidst breathtaking red rock surroundings. Gather around the gas fire pit, perfect for creating cherished memories under the starlit, world famous, dark sky city of Sedona. Note: this building could easily be reconfigured as a 2 or even 3-bedroom residence. In addition to the 3-home main estate, on 5-acres, there's an elevated 3-acre, buildable parcel located across the street included in this sale. This property has access from both Color Cove and Paisano Roads with epic views of nearby iconic Thunder Mountain. Whether you enjoy an evening horseback ride amidst your own private slice of nature or have the vision to turn this opportunity into another custom home that could be sold separately, the possibilities are endless. This is truly the most spectacular estate on the market in Sedona today and the opportunities are endless. With three private residences, and ample space for entertainment, you could host a beautiful wedding, private event, or retreat. The proximity to world class golf, horseback riding, mountain biking, hiking, off road trails, fly fishing, and a myriad of outdoor activities are literally right outside your door. Located just minutes from the luxurious Enchantment Resort and Seven Canyons Country Club where scenic golfing and 5-star dining await! I personally invite you to tour this amazing property and let your imagination run wild. Please visit www.paisanoestate.com for video tours and more info!

6850 N 39th Place Paradise Valley, AZ 85253

$9,000,000
4 Beds
4.5 Baths
6,965 SqFt
Status Active
MLS # 6638873
Property Type Single Family Residence
Price Type --
EPIC City Lights, Camelback Mountain VIEWS inside the Guard Gated community of Paradise Reserves. Just under 2.2 hillside acres, seamlessly crafted between newly built custom homes. Discover every luxury upgrade one can imagine; intricate tilework, cascading stone waterfall, 25-ft great room, custom glass underlit bar, effortlessly merge its outdoor spaces, and infinity-edge pool with your interiors. The chef's kitchen, with a geo-lux quartz island, complements the entertaining lifestyle. The elegant primary suite, custom closets, private balconies, theater and gym contribute to refined living. Inside this guard-gated Paradise Valley community minutes from premier shopping and dining, between Lincoln and HWY 51, this residence offers unparalleled privacy, elegance and security. See its motion video, features and benefits up close.

10110 E Siesta Lane Scottsdale, AZ 85255

$9,000,000
4 Beds
5.5 Baths
7,100 SqFt
Status Active
MLS # 6575666
Property Type Single Family Residence
Price Type --
Welcome to a realm of unparalleled luxury and sophistication in the renowned Silverleaf community. Situated on an expansive corner lot, this magnificent residence offers a grandeur that is simply unmatched. From the moment you step inside, you are greeted by a vast open plan living, dining, and kitchen area that seamlessly integrates with the breathtaking views of the glistening pool and majestic mountains beyond. The high ceilings, adorned with lighting, add a touch of elegance, and create an ambiance of refined opulence. Prepare to be captivated by the culinary masterpiece that awaits in the kitchen. Boasting two convection ovens, two steam ovens, gas burners, and a built-in Miele coffee machine, this kitchen is a haven for any culinary enthusiast. The stunning quartz ... MORE countertops and the expansive island with seating for five provide the perfect setting for both casual family meals and lavish entertaining. Every aspect of this kitchen has been thoughtfully designed to elevate your culinary experiences. As you enter the living room, your eyes are drawn to the striking feature wall and the inviting fireplace, creating a focal point that exudes both style and warmth. The indoor-outdoor wet bar, complete with a beverage cooler and icemaker, effortlessly serves both the living room and the backyard, ensuring that refreshments are always at your fingertips. Whether you are entertaining indoors or embracing the Arizona lifestyle outdoors, this home seamlessly blends the boundaries between indoor and outdoor living. Indulge in the ultimate entertainment experience in the exclusive personal retreat, where luxury knows no bounds. This private haven boasts a fully equipped bar, plush theater seating, and wine storage, all while providing a unique view through fire-rated glass to the climate-controlled garage. The garage, featuring car lifts, can accommodate up to six cars and is a car enthusiast's dream. Additionally, a workshop and a built-in safe add to the functionality and convenience of this remarkable space. A second garage, with space for four cars, ensures that all your automotive needs are met. Escape to the lavish owner's suite, a sanctuary of tranquility and indulgence. With direct access to the pool and backyard, this retreat offers a seamless transition between indoor and outdoor living. The large bathroom features sparkling granite countertops, dual sinks, an outdoor shower, and a spacious wraparound closet with a direct connection to the large laundry room and dog run. Every detail has been considered to create a space that is both luxurious and practical. Guests will be treated to utmost comfort and privacy, with a main floor guest ensuite offering access to a serene private courtyard, and two additional guest ensuites located on the second floor. The second floor also features a generous office space, a versatile landing area that provides flexibility, and a large balcony adorned with a hot tub, bathroom, refrigerator, sink, and TV. This outdoor oasis is the perfect retreat for relaxation and entertainment, where you can unwind while enjoying the breathtaking vistas that surround you. As you step into the backyard, you are met with a resort-style paradise that redefines outdoor living. Three firepits create enchanting settings for cozy gatherings, while multiple TVs and seating areas provide endless entertainment possibilities. The synthetic turf adds a touch of luxury, and the outdoor kitchen allows for fabulous al fresco dining. Luxury is taken to new heights with additional features like electric shades and speakers both inside and out, always ensuring the perfect ambiance. Outdoor heaters provide comfort during cooler evenings, allowing you to savor the beauty of the surroundings regardless of the season. This luxurious estate in the renowned Silverleaf community is a masterpiece of design, craftsmanship, and innovation. Offering an unparalleled blend of sophisticated living spaces, state-of-the-art amenities, and breathtaking outdoor areas, this residence is an oasis of elegance, privacy, and tranquility. Come and experience the pinnacle of luxury living in this remarkable residence, where every element has been thoughtfully curated to create an extraordinary lifestyle for the most discerning homeowner.

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