Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!

Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early! | Simplifying The Market

If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:

Freddie Mac

While full employment and rising inflation are signs of a strong economy, they also have the potential to push mortgage rates and house prices up. The higher rates and higher prices create significant affordability concerns, which may continue to characterize the housing market for the rest of 2017.”

Lynn Fisher, Vice President of Research & Economics for the Mortgage Bankers Association

By the time we get to the fourth quarter of this year, we will still be under 5 percent – we are thinking 4.7 percent…Something north of 5 percent by the time we get to 2018, and by the time we get to 2019, we show fourth-quarter rates hitting 5.5 percent.”

Mark Fleming, First American’s Chief Economist

Despite some regional disparities, title agents and real estate professionals do not expect increasing mortgage rates to have a significant impact on the housing market this spring. Continued good economic news, increasing Millennial demand and confidence that buyers will remain in the market even if rates exceed 5 percent bode well for 2017 real estate.

Len Kiefer, Deputy Chief Economist for Freddie Mac

We will probably see rates higher at the end of year, around 4.5%.”

Bottom Line

If you are feeling good about your family’s economic future and are considering making a move to your dream home, doing it sooner rather than later makes the most sense.  Give me a call for more information – J.P. Cook – 602-320-4253.

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37-39 Ok Street Bisbee, AZ 85603

$1,299,000
3 Beds
5 Baths
2,987 SqFt
Status Active
MLS # 6737148
Property Type Single Family Residence
Price Type --
Truly Unique Old Bisbee Property- 3 Bedroom/5 Bath, 3,712 sq ft (including heated/cooled finished basement) with dedicated 2,000 sq ft PARKING LOT. Formerly Copper City Saloon and Hot Licks Saloon, now zoned Residential, with fully intact bar, fully furnished (complete with pool table), retrofitted to serve as a residential kitchen. Finished Basement serves as a Primary Bedroom with Jacuzzi, and 2 additional bathrooms, and separate Laundry Room. Second Floor currently rented as Airbnb- with two separate units, vast Great Room with full Kitchen, 14' ceilings, hardwood floors, Covered Deck with great views of Downtown Old Bisbee and surrounding hillsides. Includes 2 Parcels: 103-62-312 and 103-62-313.

18371 W Roma Avenue Goodyear, AZ 85395

$1,299,000
5 Beds
3.5 Baths
3,419 SqFt
Status Active
MLS # 6775584
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the exclusive, RV-friendly gated community of Sedella, where adventure and luxury meet! This stunning property offers a spacious and elegant floorplan, with new tile flooring throughout, creating a fresh, modern feel. RV enthusiasts will love the oversized 20x50 RV garage with mini-split systems for year-round comfort, along with the 50 ft. concrete RV pad offering full hookups, including a 50-amp service and clean-out station—ideal for parking your RV. The property also boasts an RV double gate with additional parking, providing ample space for all your vehicles and toys. Step into your resort-style backyard, featuring a sparkling pool, expanded covered patio, mister system, and lush landscaping, perfect for entertaining or relaxation. With newer updates like HVAC, a water heater, and a full water filtration system, this home is a rare find that blends functionality with luxury in a neighborhood designed to accommodate your RV lifestyle. Additionally, the home is fully wheelchair accessible, featuring a roll-in tile shower and a roll-under sink, making it comfortable and convenient for everyone.

12211 N 74th Street Scottsdale, AZ 85260

$1,299,000
3 Beds
2.5 Baths
2,316 SqFt
Status Active
MLS # 6784178
Property Type Single Family Residence
Price Type --
Nestled in the coveted Buenavante neighborhood of Scottsdale, this exquisite 3-bedroom, 2.5-bathroom home is a harmonious blend of charm, style, and modern convenience with mountain views. Situated on an expansive cul-de-sac lot, the property welcomes you with mature, lush green landscaping, shade trees, and a delightful front patio —perfect for coffee mornings or gathering with neighbors. Step inside to find soaring vaulted ceilings, plantation shutters, and wide plank flooring with oversized tiles in all the right places, creating an open and inviting atmosphere. The updated kitchen is a chef's dream, featuring waterfall-edge counters, modern cabinets, and ample counter space, complemented by a wine fridge. The kitchen flows seamlessly into the great room, boasting wood beams, a striking stone fireplace, and a bar with sink for effortless entertaining. The formal dining area impresses with a textured accent wall and an attractive light fixture, offering a sophisticated space for memorable meals. Arched niches and raised panel doors with black hardware add timeless character throughout. The primary bedroom is a private retreat with direct patio access, while the en-suite bathroom is a showstopper. It features floating vanities with square sinks, a standalone soaking tub, a huge walk-in shower with double rain heads and body sprays, and a glass surround, all bathed in natural light with views of the property. The primary walk-in closet offers built-in shelving for optimal organization. The stylish half-bathroom boasts regal accents, and the updated guest bathroom ensures everyone feels at home. Outside, an extended covered patio with a skylight overlooks the sprawling lot, offering plenty of room for your dream backyard oasis. With RV parking, no HOA, and endless potential, this home provides exceptional freedom and flexibility. This property delivers beauty, practicality, and an enviable Scottsdale lifestyle. In the heart of Scottsdale, this location, a prime neighborhood known for its luxury living and vibrant amenities, is situated near Kierland Commons and Scottsdale Quarter. Residents can enjoy premier shopping, fine dining, and lively entertainment just minutes away. Outdoor enthusiasts will appreciate the proximity to McDowell Mountain Regional Park and the Scottsdale Greenbelt for hiking, biking, and recreation. The area boasts world-class golf courses and easy access to the Loop 101 for seamless commuting. This address is also surrounded by upscale communities with meticulously maintained landscaping, tree-lined streets, and nearby parks, making it a perfect blend of convenience and upscale living.

7521 E Camino Salida Del Sol -- Scottsdale, AZ 85266

$1,299,000
3 Beds
2.5 Baths
3,210 SqFt
Status Active
MLS # 6720520
Property Type Single Family Residence
Price Type --
Welcome to this peaceful, light and bright home in the hidden gem gated community of Las Piedras at Sevano Village. Superbly Located just seconds from the convenience of shopping, restaurants, hiking and golf; this home boasts many upgrades in a neutral palette including a beautifully renovated kitchen all in an open, great room concept. A gated courtyard entry with a babbling water feature make a welcoming entrance and comfortable outdoor living space. A well thought out floor plan separates the two guest bedrooms from the grand primary suite with its dual walk-in closets in a spa-like bathroom. A large den located off the great room through double doors makes a great office, library or media room. The rear outdoor living space has a wonderful fire pit artificial turf area, covered patio, pavers and Southerly down valley mountain views to round out this fabulous home.

28021 N 156th Street Scottsdale, AZ 85262

$1,299,000
3 Beds
2.5 Baths
2,704 SqFt
Status Active
MLS # 6760088
Property Type Single Family Residence
Price Type --
Welcome to this stunning new home, offering 2700+ SF of modern living with breathtaking area views. This beautifully designed residence features three spacious bedrooms, versatile den, 2-1/2 baths, oversized 2 car garage w/ attached RV garage. The open-concept floor plan showcases a gourmet kitchen with high end appliances, an inviting living room with a cozy fireplace, and large windows that fill the space with natural light. The primary suite is a tranquil retreat, complete with an ensuite bathroom and walk in closet. Step outside onto a covered patio perfect for outdoor entertaining while enjoying some area mountain views. With beautiful landscaping and energy efficient features, this home perfectly blends comfort, style, and functionality for your dream lifestyle.

23624 N 76th Place Scottsdale, AZ 85255

$1,299,000
3 Beds
3 Baths
2,220 SqFt
Status Active
MLS # 6771528
Property Type Single Family Residence
Price Type --
Ideal location in North Scottsdale. Just minutes away from world class resorts, golf, hiking, shopping and dining. Premium interior lot, well away from roads. This newer built (2021) soft contemporary home is beautifully upgraded inside and out. Enjoy indoor/outdoor living with a sparkling pool and spa in this special setting that backs to a natural desert area. A designer feel gourmet kitchen highlights the interior of the home, featuring a GE Monogram appliance package, quartz slab waterfall island and generous amounts of cabinet space. There is also a dedicated home office/flex room in addition to the three bedrooms. Other upgrades include a linear outdoor fireplace, tile shower surrounds, an EV charger, water softening system, tankless water heater, and plantation shutters throughout

394 E Redfield Road Chandler, AZ 85225

$1,299,000
5 Beds
5 Baths
3,242 SqFt
Status Active
MLS # 6786788
Property Type Single Family Residence
Price Type --
If you're searching for a multi-generational home with no HOA in the heart of the East Valley, look no further! Situated on a spacious 37,514 sq. ft. corner lot with separate living quarters, this property is move-in ready. The main house offers 3,242 sq. ft. of living space, featuring 3 bedrooms, 3 bathrooms, a large kitchen, a grand living room, an office/flex room, and a loft. Additionally, the main house includes a walk-out basement with its own kitchenette, as well as one of the bedrooms and bathrooms. Step outside to enjoy the extended covered patio and the expansive lot, which includes two RV access gates and a cleanout—perfect for easy pass-through driving and convenient hookups for RVs of almost any size. The guest house is equally impressive, offering 1,368 sq. ft. with 2 bedrooms, 2 bathrooms, a laundry room, and an open kitchen/living room layout. This property has so many exceptional features that they simply can't all be captured in the MLS listing!

19218 N 88th Way Scottsdale, AZ 85255

$1,299,000
5 Beds
3 Baths
3,318 SqFt
Status Active Under Contract
MLS # 6762702
Property Type Single Family Residence
Price Type --
Welcome to this gem in North Scottsdale. Meticulously maintained. Updated kitchen 2021, New HVAC 2021, New Roof 2021,New Soft water system 2023. All new appliances 2021. This home has been well loved and is ready for a new family to enjoy.

19275 N 88th Way Scottsdale, AZ 85255

$1,299,000
4 Beds
2 Baths
2,583 SqFt
Status Active
MLS # 6786837
Property Type Single Family Residence
Price Type --
Rare find in Ironwood Village, 13,420 sqft Lot with neighbor on one side for extra privacy. Single story, 3 car garage, corner lot in a cul-de-sac. Entertainers backyard with extended covered patio, outdoor kitchen with dual built-in -BBQ, in ground spa, and Lap Pool replastered 2024. Roof replaced 2023. Vaulted ceilings, living and family room. Oversized primary suite with soaking tub, walk in shower, dual sinks, Huge Walk-in closet. Bright and open kitchen with breakfast bar, kitchen island, granite countertops and wall oven. The community of Ironwood Village features parks & location with easy access to 101, grocery, restaurants, shopping, schools, etc. Location Location Location.

4601 W Paradise Lane Glendale, AZ 85306

$1,299,000
8 Beds
8 Baths
4,573 SqFt
Status Active
MLS # 6674143
Property Type Single Family Residence
Price Type --
NO HOA!!! CUSTOM Tri Level Home in Sunburst Farms sits on just under an acre with a detached Guest House, Separate Home Office and temp controlled Workshop! Solar panels, optional flood irrigation and a 500 gallon propane tank keep utility expenses low and affordable. Pride of ownership is in the details. Main House features 4bed/3.5bth, a custom kitchen with 2 sinks, built in appliances that include a convection cooktop, double ovens, and trash compactor. The finished basement has a bedroom, full bathroom, 2 walk-in closets and den. You'll notice all the GORGEOUS built in cabinetry throughout the entire home. The backyard oasis is an entertainer's dream with a massive covered travertine patio that extends to a heated pool/ spa and built in full outdoor kitchen and fireplace. Follow the luscious green landscaping to a detached 2bed/2bath guest house complete with a full kitchen and huge laundry room. Exit the private courtyard and you will find your perfect home office with 2 separate office areas and a full bathroom. Workshop is a temp controlled (mini split) 50ft garage featuring a 14ft door, chain hoist, built-in work bench, shop sink, locked storage area and half bathroom. Space is also preplumbed for compressed air. There are many more details, too many to list. Bring your toys and your tools and come check it out for yourself!

11815 W Lost Man Canyon Way Prescott, AZ 86305

$1,299,000
4 Beds
3 Baths
2,680 SqFt
Status Active
MLS # 6674739
Property Type Single Family Residence
Price Type --
Enjoy breathtaking, uninterrupted vistas of Williamson Valley from this exquisite ''Ranch Style'' residence. Boasting 4 bedrooms, 3 baths, and a spacious 2 car garage, this home is a testament to rustic elegance. Step inside to discover large hewn timber beams, natural stone accents, and a stunning tongue-and-groove vaulted ceiling in the Great Room, complemented by a wall of windows framing panoramic views. Throughout the home, you'll find rich wood floors, Alder doors, and a charming stone fireplace with a mantle. The generously sized kitchen features granite countertops and a convenient wet bar in the dining area. Outside, multiple covered patio areas beckon relaxation amid mature trees and lush vegetation. Experience the epitome of tranquil living.

1113 S Cypress Circle Payson, AZ 85541

$1,299,000
3 Beds
4 Baths
4,055 SqFt
Status Active
MLS # 6706097
Property Type Single Family Residence
Price Type --
Spectacular Quality! Steel structure & solid Alder doors throughout. Purple Mountains Majesty! Views! Sip your coffee admiring the Mogollon Rim. Conveniently located on a hilltop minutes away from downtown Payson, shopping & restaurants. Step through the door into vaulted, beamed ceilings with a wide staircase & custom railing. Family Room, Dining Room & Patio flow together creating a relaxed entertaining space. Main Suite dominates the 2nd story with a private loft, spa bathroom (including jacuzzi tub, snail shower, private laundry & bidet), fireplace, extended custom closet & huge deck. Top of the line, stainless steel appliances in this chef's kitchen where the sink window overlooks the vista, walk-in pantry and laundry room are steps away. Solid wood, Alder cabinetry throughout All walls are metal 2x4 & property framing is steel beams. Property has fire suppression system. Tile roof. Quality! The lowest level boasts 2 guest rooms with ensuite baths. LL living room includes a bar with a beer tap, wine cellar, refrigerator, ice maker, dishwasher, sink, surround sound & fireplace. Don't forget the gun closet & the bonus room! Step onto the wrap around patio and you are among the trees & views. Can you smell that fresh, pine air? Property sides to National Forest. Toys? Bring them! There is plenty of room in the 5 car garage. Storage cabinets & work bench flank the walls making an efficient space. 220 outlets in the garage. RV Parking on the side slab with electrical plug-in. Large storage room accessed from lower level patio. Come see it all!

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