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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42217 N Astoria Way Anthem, AZ 85086

$1,200,000 - 3Br/4Ba -  for Sale in Anthem Country Club Unit 15 Baltusrol Replat, Anthem
Open House
$1,200,000
3 Beds
3.5 Baths
3,144 SqFt
Status Active
MLS # 6761159
Property Type Single Family Residence
Price Type --
$12,500 TOWARDS MTG RATE BUYDOWN OR CLOSING COSTS! On Persimmon hole #14. Golf & mt views. Featuring 3 bedrooms & large cabana w/full bath & walk-in closet. EASY CONVERSION OF OFFICE TO 4TH BEDROOM. Gas stove, ample cupboard & counter space. Walk in pantry. Oversized primary bedroom w/Classy Closet. HIS/HER vanities. Large laundry ROOM. East windows w/remote shade operations. NEW 2018 A/Cs & ROOF underlayment. Fresh interior paint. Hard wired burglary & fire alarms. A/C in 3RD GARAGE. All lights low power LED. 1 owner, no smoking, no pets. Anthem amenities are outstanding & multi-generational. Golf course & community allow private golf carts! 2 of everything, golf courses, tennis, club houses, restaurants, pools, fitness centers, just 2 much fun! Plus pickleball & bocce ball.

2136 E Paradise Lane Phoenix, AZ 85022

$1,200,000 - 4Br/3Ba -  for Sale in Na, Phoenix
Open House
$1,200,000
4 Beds
2.5 Baths
2,930 SqFt
Status Active
MLS # 6766023
Property Type Single Family Residence
Price Type --
Set to complete December 2024 Trade Conformity for True Freedom: The Solara Estate Welcome to The Solara Estate at Paradise Lane, —a masterpiece set to complete in December. Elegance meets the freedom to live life on your terms. With no HOA and an expansive RV garage, this property is perfect for those who crave convenience & flexibility. This isn't just a house; it's a lifestyle waiting for you to step in. Picture this: You drive up and are instantly greeted by the circular driveway entrance. You park right in front and you walk through those impressive 8-foot pivot doors. The soaring 16-foot ceilings & oversized windows let in an abundance of natural light, filling the space with warmth and vibrancy. This is more than a grand entrance; it's an invitation to live boldly. Now, let's talk about the heart of the home the kitchen. Imagine double waterfall islands dressed in exquisite quartz, against creamy white oak hardwood floors. A double oven for those culinary masterpieces, and a 36 cooktop that's begging for your next dinner party. Oversized Pantry with cabinetry Whether you're a seasoned chef or just love hosting, this kitchen is your canvas for creativity. Every detail in The Solara Estate tells a story. The white oak solid wood cabinets and hardwood floors bring a sense of warmth, while sleek floating vanities and a striking 100 fireplace add a touch of sophistication. And the master suite? It's your personal spa retreat, complete with a freestanding tub and a his-and-hers closet that dreams are made of. But let's not forget about the craftsmanshipit's a harmonious balance of strength and elegance, thoughtfully designed to embrace sustainability. With energy-efficient spray foam insulation, soundproof interior walls, and a tankless water heater, this home is built not just for today, but for a future that respects our planet. Now, imagine living herejust minutes away from shopping, dining, and those breathtaking hiking trails that call your name. Just 5 min from the coveted Basis School. The Solara Estate is a rare gem in this serene North Phoenix neighborhood, offering contemporary charm and ample space for all your adventures and toys. And here's the kicker: the landscape and pool are a blank canvas, ready for your personal touch on an over 20,000 square ft. lot. Dreaming of summer barbecues by the pool? Need to build a workshop or guesthouse? The possibilities are endless. Just keep in mind, all renderings are conceptual and subject to change. Pool to be completed after closing. This is more than a real estate opportunity; it's a chance to claim your own slice of paradise. At The Solara Estate, you're not just buying a home; you're embracing a lifestyle of true freedom. Don't miss out on this exclusive opportunity to live the life you've always dreamed of. Your new beginning starts here!

9113 E Odessa Street Mesa, AZ 85207

$1,200,000 - 4Br/4Ba -  for Sale in Metes And Bounds, Mesa
Open House
New
$1,200,000
4 Beds
3.5 Baths
3,178 SqFt
Status Active
MLS # 6788537
Property Type Single Family Residence
Price Type --
Stunning 1.19-Acre Property with Remodeled Features & Owned Solar amazing views of the surrounding mountains. Welcome to this beautifully updated home situated on a spacious 1.19-acre lot in a desirable no-HOA community. As you step inside, you'll immediately notice the completely remodeled kitchen, featuring high-end finishes such as double convection ovens, a farmhouse sink and prep station, and stone countertops, perfect for culinary enthusiasts. The home also boasts an owned solar system that is only 2 years old. Step outside, and you'll find a private pool with updated water slide and water feature. The home has been freshly painted inside and out, with new tile flooring throughout, offering a modern and move-in-ready feel. A misting system has also been installed to keep you cool during those hot summer days, while the AC system, only three years old, ensures year-round comfort. And both garages are wired for electric vehicle chargers. This exceptional home offers the perfect balance of modern living, energy efficiency, and outdoor enjoyment.

10744 E Copa Del Oro Lane Gold Canyon, AZ 85118

$1,200,000 - 3Br/4Ba -  for Sale in Replat Pasion Of En La Colina Del Cascabel, Gold Canyon
Open House
$1,200,000
3 Beds
3.5 Baths
3,305 SqFt
Status Active Under Contract
MLS # 6770499
Property Type Single Family Residence
Price Type --
Here is your opportunity to experience refined living in Gold Canyon with this exceptional custom-built Spanish Colonial home featuring expansive mountain views within the coveted gated community of Pasion. The lavish interior boasts gorgeous beamed ceilings, custom iron work and luxurious light fixtures throughout. Sip your morning coffee in your gated front patio overlooking tastefully-done drought tolerant landscaping. Or eat in at your island or breakfast nook, in your gourmet chef's kitchen w/ high-end SS appliances and custom cabinets. The luxurious primary bedroom complete with beamed ceilings is comprised of a large sleeping area, walk-in closet & an en-suite featuring double sinks, clawfoot tub and snail shower. Back patio w/seating area fireplace perfect for al fresco dining.

4211 E Desert Vista Trail Cave Creek, AZ 85331

$1,199,999 - 4Br/4Ba -  for Sale in Saguaro Trails, Cave Creek
Open House
$1,199,999
4 Beds
3.5 Baths
3,396 SqFt
Status Active
MLS # 6614075
Property Type Single Family Residence
Price Type --
Homesite 11-Overton-Our most popular floorplan featuring the casita and features a private ensuite bathroom, making it the ideal retreat for guests or the private home office. The primary bathroom is a wow with the optional walk in shower included. Other options included in this home are the 16' center slider door at the great room,. Designer curated finishes throughout including upgraded cabinets, flooring, and quartz countertops. Chef like stainless steel kitchen appliances included. Gorgeous hardwood floors included

12431 N 76th Place Scottsdale, AZ 85260

$1,199,999
4 Beds
3 Baths
3,039 SqFt
Status Active Under Contract
MLS # 6783215
Property Type Single Family Residence
Price Type --
Investor special in a prime Scottsdale location! This property presents a unique opportunity for those looking to renovate or update this incredible property that offers a sprawling lot with endless potential—perfect for creating a custom masterpiece or a profitable remodel.. The kitchen, remodeled in 2013, features top-of-the-line appliances including a Sub-Zero refrigerator, Wolf ovens, a Viking stove, and a built-in microwave. Elegant Carrara Italian marble countertops complete this luxurious space. Additionally, the home includes a side basketball court—perfect for recreation and entertaining. With incredible potential and a desirable location, this is a fantastic opportunity to add value and make this home your own. Don't miss out on this investment gem! Located in an area surrounded by $4M+ estates, this property has all the makings of a high-value transformation. Don't miss your chance to seize this rare find and bring new life to a fantastic piece of Scottsdale real estate! SEE PRIVATE REMARKS FOR INSTRUCTIONS - DO NOT DISTURB OCCUPANT!

101 S Falling Leaf Road Show Low, AZ 85901

$1,199,999
4 Beds
4 Baths
3,081 SqFt
Status Active
MLS # 6717423
Property Type Single Family Residence
Price Type --
Live the mountain dream with this stunning Torreon 16th Fairway home! Situated on just under an acre with 4 beds 4 baths, you'll have plenty of space to entertain family and friends. The large paver driveway invites you to the exquisitely finished home. Custom features like the metal railings are sure to impress. The kitchen offers generous prep, storage, and seating space. Organize your supplies with ease with the walk-in pantry. A loft featuring a wet bar adds to the entertainment space. The owner's suite is sure to be your peaceful retreat at the end of the day, with an en suite, and tons of options with the sitting room off the owner's suite.

40 Hutson Lane Sedona, AZ 86351

$1,199,999
3 Beds
3 Baths
2,930 SqFt
Status Active
MLS # 6738920
Property Type Single Family Residence
Price Type --
Beautiful, Move-in Ready 2930 Sq ft. Home on 1.07 Acres, situated on a 360 view lot. Gorgeous, jaw-dropping Views from All Angles to Enjoy the Breathtaking Sedona Sunrise & Sunsets, Majestic Red Rocks, Bell Rock & Natural Landscaping surrounding this One of a Kind Custom Built Home. A Serene Location with plenty of Hiking, Biking, Golfing, Shopping, Top Rated Restaurants within walking distance in the Village of Oak Creek. This home is a 3 Bedroom 3 Bath w/ Large Private Additional 4th Room that can be used as Bedroom, Office or Living space. There are Two-Primary Ensuite Bedrooms, each with their own Private access to Patio & Built in Fireplace. Soaring Wood Beam Ceilings in the Open living space with Ample Windows & Sliding Glass Doors, to Provide Stunning Views as you walk throughout

8247 E Devonshire Avenue Scottsdale, AZ 85251

$1,199,999
5 Beds
3 Baths
2,725 SqFt
Status Active
MLS # 6748054
Property Type Single Family Residence
Price Type --
Nestled in OLD TOWN, this extraordinary 5-bedroom, 3-bathroom home offers more than just living space, it provides a lifestyle of luxury and convenience. Currently operating as a VERY successful Airbnb was renovated in 2019, a new kitchen, remodeled bathrooms, and fresh paint throughout. Outside, the allure continues with low maintenance landscaping, a heated pool, and spacious covered patio, perfect for outdoor relaxation and entertaining. With easy access to HWY 101 and 202, Scottsdale Fashion Square Mall, dining, and entertainment options are mere minutes away, ensuring you're never far from excitement. This home offers the quintessential Scottsdale lifestyle. ********* Owner financing available with below market interest rates. STR financials available upon request.request. ****** This home offers the quintessential Scottsdale lifestyle.

21211 N 38th Place Phoenix, AZ 85050

$1,199,999
4 Beds
3.5 Baths
3,552 SqFt
Status Active
MLS # 6751849
Property Type Single Family Residence
Price Type --
FULLY remodeled home in Fireside at Desert Ridge Community. The first floor features a kitchen to living room open concept with soaring ceilings, 1/2 bath, dining room, office & en suite guest room. 2nd floor includes a loft, 2 guest rooms, full bath and primary bedroom. Interior upgrades include new flooring & paint throughout. Kitchen-Custom island & breakfast nook, resurfaced cabinets, backsplash, high end ss appliances & sink. Living Room-new entertainment center with oversized fireplace & built in wine fridge. All bathrooms-upgraded floor tile, countertops, sinks, tiled showers & glass doors. Exterior upgrades-full home paint, front courtyard pavers & gas fireplace, lighting, turf, gazebo & misters.

9539 W Villa Chula -- Peoria, AZ 85383

$1,199,999
3 Beds
3.5 Baths
3,318 SqFt
Status Active
MLS # 6733567
Property Type Single Family Residence
Price Type --
Desirable Meadows Subdivision Home - Triana Farmhouse Model by Toll Brothers! Welcome to your dream home in the sought-after Meadows subdivision! This stunning single-story Triana Farmhouse model, built in 2020 by Toll Brothers, offers modern living with timeless elegance. Key Features: **Layout:** Spacious 3-bedroom split floor plan with a den/office, perfect for remote work or a quiet retreat. **Kitchen:** The large kitchen boasts a massive island, quartz countertops, and elegant white shaker-style cabinets, ideal for cooking and entertaining. **Living Spaces:** Enjoy the open feel with 9'+ ceiling heights throughout the home. **Outdoor Living:** Both the front and backyard are beautifully landscaped for low maintenance and are perfect for entertaining. **Garage:** Ample storage with a 3-car garage equipped with epoxy floors and custom garage cabinets. **Courtyard:** A beautiful enclosed courtyard provides added security and privacy for outdoor entertaining during the cooler months! **Energy Efficient:** Owned outright solar system means no electrical bill. **Primary Suite:** The large primary bedroom and bathroom include a stunning walk-in closet. This home is a perfect blend of comfort, style, and functionality.

19235 E Peartree Lane Queen Creek, AZ 85142

$1,199,999
4 Beds
4.5 Baths
4,022 SqFt
Status Active
MLS # 6761607
Property Type Single Family Residence
Price Type --
Come look and Fall in Love with this model home, location is great and buffered by treed Greenbelt quiet!!. All 47 Quail Creek homes are single level with large lots and superior quality. Sunridge former model includes 4 bedrooms with private baths and an office, a half bath and bonus area that could be a library or game room. Step into a luxurious open floor plan with 2 pantries, tons of cabinet space, large island and meticulous kitchen. Don't miss the disappearing wall that melds indoor and outdoor space, with a beautiful backyard, gazebo and patio area. This 13,248 sf lot is an entertainer's dream or room for a large pool. Professional turf in front and backyard with perfect landscaping. Plantation shutters throughout! So close to Mansel Carter Oasis Park that boasts tennis, pickle ball, volleyball, fishing, fields, and a children's playground. There is so much more like the paver driveway and sidewalk, Front and back yard landscaping, gourmet kitchen with GE SS Monogram® appliances, including double ovens and 36 gas cooktop. Tile throughout, with upgraded carpet in the bedrooms and dining area. Custom paint accent walls and 2 tone paint. Plus so much more! Regency at Quail Creek Estates

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