58% of Homeowners See a Drop in Home Values Coming

58% of Homeowners See a Drop in Home Values Coming | Simplifying The Market

According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years.

After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very little in common with what happened last decade.

The two major causes of the housing crash were:

  1. A vast oversupply of housing inventory caused by home builders building at a pace that far exceeded historical norms.
  2. Lending standards that were so relaxed that unqualified buyers could easily obtain financing thus enabling them to purchase a home.

Today, housing inventory is at a 20-year low with new construction starts well below historic norms and financing a home is anything but simple in the current mortgage environment. The elements that precipitated the housing crash a decade ago do not exist in today’s real estate market.

The current increase in home prices is the result of a standard economic equation: when demand is high and supply is low, prices rise.

If you are one of the 58% of homeowners who are concerned about home values depreciating over the next two years and are hesitant to move up to the home of your dreams, take comfort in the latest Home Price Expectation Survey.

Once a quarter, a nationwide panel of over one hundred economists, real estate experts and investment & market strategists are surveyed and asked to project home values over the next five years. The experts predicted that houses would continue to appreciate through the balance of this year and in 2018, 2019, 2020 and 2021. They do expect lower levels of appreciation during these years than we have experienced over the last five years but do not call for a decrease in values (depreciation) in any of the years mentioned.

Bottom Line

If you currently own a home and are thinking of moving-up to the home your family dreams about, don’t let the fear of another housing bubble get in the way as this housing market in no way resembles the market of a decade ago.

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657 Linger Lane Williams, AZ 86046

$1,250,000
8 Beds
4 Baths
3,444 SqFt
Status Active
MLS # 6641232
Property Type Single Family Residence
Price Type --
Discover a unique investment opportunity with this Grand Canyon Getaway featuring dual houses. Nestled right off Highway 180, this former general store has been meticulously remodeled to offer two distinct houses, each accommodating various guest preferences, whether it's a family retreat, couples escape, or a group adventure. The property seamlessly blends historic charm with modern comfort, providing a delightful stay for your guests. Its prime location ensures high demand from Grand Canyon explorers year-round, and with an 8% cap rate, this investment opportunity guarantees consistent income, thanks to its unique appeal and sought-after location. Experience the perfect fusion of history and comfort as the property's past as a general store adds a touch of nostalgia to the guest experience, complemented by modern amenities and tasteful decor. Don't miss this exceptional investment opportunity to capitalize on the allure of the Grand Canyon.

9649 E Solina Avenue Mesa, AZ 85212

$1,250,000
4 Beds
3 Baths
3,308 SqFt
Status Active
MLS # 6731586
Property Type Single Family Residence
Price Type --
Your fully furnished dream home is here! This exquisite former model home has a 3-car garage, a paver driveway, and a meticulously maintained yard with artificial turf. Discover an inviting designer rooms with high ceilings, a soothing palette, recessed lighting, attractive wood-look flooring, and sliding doors to the backyard for indoor-outdoor living. The delightful kitchen is equipped with quartz counters, Thermador appliances with a wine fridge, abundant white cabinetry, chic pendant light fixtures, a stylish tile backsplash, a large walk-through pantry with cabinets, island with a breakfast bar for casual dining. You'll also find a den, ideal for an office. Primary bedroom retreat, offering a lavish ensuite with dual sinks, a soaking tub, a raindrop shower, and a walk-in closet. The enchanting backyard is a true oasis, featuring a covered patio, a built-in BBQ for weekend gatherings, and a cozy firepit. This gem will sell fast!

10611 E Tumbleweed Avenue Mesa, AZ 85212

$1,250,000
5 Beds
4.5 Baths
3,996 SqFt
Status Active
MLS # 6739419
Property Type Single Family Residence
Price Type --
Through the gates past the spacious manicured grounds your almost new home awaits. Bright and open with lots of natural light. Entertain friends and family around the large kitchen (double ovens) island while others enjoy the large patio through 8'' open double sliders with remote shades. Others can congregate around the outside kitchen, relax in the spa or sit in the additional sitting area and enjoy the sound of the fountain. Enjoy the finest of finishings from one upgraded flooring throughout to a library ladder in pantry. Bedroom wing has its own sitting room, a craft room and an en-suite. Owned solar! Extra storage room in garage. Your lifestyle will include the fitness center (so get rid of the gym membership), the huge pool you don't maintain,the parks and many more amenities.

6979 E Mighty Saguaro Way Scottsdale, AZ 85266

$1,250,000
3 Beds
2.5 Baths
2,450 SqFt
Status Active
MLS # 6765050
Property Type Single Family Residence
Price Type --
You want character? Come see this timeless home in the Guard gated community of Terravita! This home is stunning with its concrete floors, concrete countertops and much more. The many unique updates to this home: the artistic stained glass panels of (Oak Creek, Sedona) at the entrance, solid wood doors, complete kitchen remodel with SS appliances -Viking 4 burner stove, beverage/wine fridge, Reverse osmosis, sitting bench with storage in primary bedroom, complete remodel of primary bathroom incudes walk-in shower. The family room is light & bright with tall windows looking out to the view fence & natural area, the den has a double sided fireplace with an attached wall library - great for adding your personal touch of decor. Newer roof, Hunter Douglas blinds with shutters in some of the home, lots of updates to come see. The garage has plenty of cabinet storage, epoxy flooring, water softener & recirculation pump on water heater & Tesla Solar. Out back you will enjoy the view fence against the natural area adding privacy. Citrus trees ( Fig, lemon & grapefruit) with just the right amount of gardening area are perfect for spending time outdoors.

10859 E Tierra Drive Scottsdale, AZ 85259

$1,250,000
3 Beds
2.5 Baths
2,758 SqFt
Status Active Under Contract
MLS # 6726803
Property Type Single Family Residence
Price Type --
Rare opportunity to own an oasis unlike any other!! Welcome to your dream home, nestled on a large, 14,733 sq. ft. cul-de-sac lot within the prestigious community of Scottsdale Ranch. The Mountainview Place neighborhood, built by Golden Heritage boasts all single level homes for the ultimate in privacy. This exquisitely remodeled split floor plan; offers unparalleled luxury for living and entertainment. NO interior steps, and wide doorways make for safer seamless living. Step inside to be greeted by some of the finest luxury vinyl wood flooring available. This home was designed for a great lifestyle & entertainment. The primary suite is a private retreat situated on one side of the home, featuring a 198 square foot, custom built ''Closmahall'' walk-in closet you must see to believe! This room could also be perfect for a home office, gym, or nursery. Every detail of this home has been meticulously crafted for you. The heart of this home extends to an extraordinary, huge outdoor living space designed for the finest Arizona lifestyle. Enjoy an extra-large covered patio, 5 fruit trees, an outdoor chef's kitchen complete with a gas BBQ and built-in smoker, and a gorgeous, fenced sparkling pool with a travertine surround and brand new pebble tec finish. Multiple outdoor patios, a custom raised garden, and a large jacuzzi tub provide endless opportunities for relaxation and entertainment. There's nothing left to do but move in and start living the epitome of Arizona living. Luxury. Privacy. Perfection. Welcome Home!

3080 W Blazingstar Road Show Low, AZ 85901

$1,250,000
4 Beds
3 Baths
2,315 SqFt
Status Active
MLS # 6749349
Property Type Single Family Residence
Price Type --
Nestled on over an acre, this gorgeous home sits on a premium gently sloping lot on the 3rd fairway of the Torreon Tower Golf Course. This single story home has an open plan with soaring ceilings and plenty of indoor and outdoor space for entertaining and relaxing alike. The chef's kitchen features Frigidaire Professional stainless steel appliances including a 5 burner gas range & built-in microwave. There is ample seating along the Quartzite center island which opens to the great room with its stylish stacked stone fireplace, vaulted tongue & groove ceilings, & large windows offering tranquil views of the majestic pines. The spacious outdoor deck has a comfortable seating area and dining area so that you can enjoy the beautiful weather and pines from the comfort of your own backyard. This home is centrally located less than half-a-mile from the Torreon family center, which has pickleball courts, basketball courts, a playground, & a catch-and-release pond, etc. The Torreon Clubhouse has a restaurant, fitness center, heated swimming pool, spa, ballroom and more. There is something fun for everyone to enjoy in Torreon.

14142 E Peak View Road Scottsdale, AZ 85262

$1,250,000
3 Beds
2 Baths
2,541 SqFt
Status Active
MLS # 6756449
Property Type Single Family Residence
Price Type --
Welcome to The Ranch, y'all! This RENOVATED dream property is being sold FULLY FURNISHED, so all you need to do is bring your horses, cowboy boots/hats and your suitcases! Priced BELOW recent appraisal! You'll access the property by all paved roads, except for about 150 yards of dirt plus your long driveway. You'll feel like you're pulling up to a Wild West movie set when you drive up to the ranch and see such unique architecture, the metal roof, the wraparound porch, the horse barn/facilities and more, ALL on sprawling 3.26 acres with breathtaking, 360-degree mountain views, including views of Four Peaks, Weavers Needle, Tom's Thumb and many more. Water is GOLD in Arizona, and you'll feel like you struck gold with the high-producing water well that is kicking out 7 gallons... ... per minute of beautiful, clean, high-pressure water. This 3 bed, 2 bathroom home was renovated with an elevated and refined balance of rustic and modern: Check out the new showstopper Quartz countertops throughout (kitchen, bathrooms and laundry). The kitchen has been reconfigured to offer a more luxurious cooking experience with a new 48-inch dual fuel double oven range (electric ovens and gas burners), in addition to a black Quartz Elkay sink with a matte black faucet and a matching black disposal air switch button. Enjoy the new refrigerator with a built-in beverage center, a new Dacor dishwasher and a brand new, sleek black washer and dryer with copper accent colors. The cabinets throughout the home are a custom, rustic alder from SOLLID Cabinetry. The living room and dining room have The WOW Factor, with gigantic round chandeliers that light up the entire space. The ceilings soar to 16 feet, with a massive 10 x 10 x 32 foot rustic beam running down the middle of the vault. The wall of windows and sliding doors reveal absolutely breathtaking mountain views and wide open space, that will soon be your backyard! The river rock stone fireplace and custom rustic mantel will surely be a cozy setting and a conversation starter for your next gathering. Both bathrooms have been completely remodeled and enhanced, featuring new floor-to-ceiling tiled showers with wall-mounted waterfall heads and hand-held wands, striking LED front-lit and backlit mirrors with color temperature customization, anti-fog and dimming. Both bathrooms also have new toilets, sinks, faucets, towel bars/hooks, vanity lights and more. The primary shower offers DOUBLE wall-mounted waterfall heads and wands, so two can shower at the same time! A new LED bluetooth exhaust fan was added, so you can listen to music while you shower. It also has night lights with two color options. Custom shower glass was installed in both bathrooms, with floor-to-ceiling glass panels in the primary. This home has a lot of storage. There are two pantries, a bonus storage room, and the primary bedroom and guest bedroom have enormous walk-in closets. The flooring has been updated throughout the entire home with a wood-based plank flooring that is warm and inviting, along with all new crisp and clean 6-inch baseboards. The primary bedroom and one of the guest bedrooms now feature newly constructed bump-out electric fireplaces with customizable flame colors, heat, wood-crackling sound effects and custom wood mantels. The third bedroom showcases newly constructed dual closets, a custom live edge wood floating desk, with a black floating shelf and a Limousine Leather black slat accent wall. The views from every single window are stunning, especially from the bedrooms. Your guests will be fighting over who has the best view! The ranch features all new LED lighting, ceiling fans, light fixtures, black hinges and handles on the doors and many more intricate details. Custom carpentry is evident throughout the home, with so many eye-catching wood accents. The home comes equipped with a brand new electric water heater and whole-home water filtration system featuring burnt coconut shells and a new water softener that will leave your skin and hair feeling silky smooth. The MASSIVELY oversized 3-car garage was just painted. Seriously, it feels much bigger than a 3-car garage. While you're in the garage, don't miss the pull down ladder to go up into the attic. It offers a ton of storage and is the size of a huge bedroom/playroom. The home is insulated with spray foam, so it's super sealed, quiet, and energy efficient. Outside, the land feels never ending as you walk the property, with room to add onto the main home or build anything your heart desires! You name it, you can build it with all the extra land/space you will have. Take in all the magical views as you sit in the rocking chairs on your wraparound porch. And just WAIT until you hear the incredible sound of rain hitting the metal roof. Talk about a good night's sleep! Kick back under the stars, build a fire in the distant fire pit, and fully embrace living on the ranch. The barn and horse stables are such a bonus, creating so many opportunities (horse boarding and more). The barn has water, electricity and a 30AMP RV hookup along with a 50AMP RV hookup. If you are looking for peace and quiet, with views for miles, you have found it! Make this property yours, so you can tell your friends and family, Welcome to The Ranch!

8905 E Mountain Spring Road Scottsdale, AZ 85255

$1,250,000
2 Beds
2.5 Baths
2,431 SqFt
Status Active
MLS # 6764265
Property Type Townhouse
Price Type --
Spectacular Market Street Villa at DC Ranch. This lovely Camelot built Villa offers, ungraded wood flooring, stainless steel appliances, slab granite countertops, and ungraded cabinets. 12' ceilings, a bank of french doors leading to one of two spacious patios. The back patio features flagstone decking, a private pebble-tec spa with water feature. Enjoy your private tropical oasis.This is an end unit and sides to common area. The 3rd bedroom is used as den/office can be converted to a bedroom. New Epoxy garage floor. This is the Scottsdale lifestyle you want. DC Ranch has an extraordinary clubhouse with work out room, lap pool and kids play area. Close to great eating and the 101. Memberships are available to the country club

8281 E Buteo Drive Scottsdale, AZ 85255

$1,250,000
3 Beds
2.5 Baths
2,672 SqFt
Status Active
MLS # 6769512
Property Type Single Family Residence
Price Type --
Nestled in the guard-gated community of Grayhawk this is a rare property for someone to make it their own! Perfectly positioned at the end of a quiet cul-de-sac, this step free property provides soaring ceilings and a convenient split floorpan. The open kitchen is a true delight with granite countertops and ample cabinetry. Enjoy the open living and dining rooms lined with windows to amplify the beauty of your Sonoran surroundings. The massive primary bedroom is complete with private backyard access, plenty of natural lighting, sitting area, and massive en-suite with fantastic walk-in closet. Two additional bedrooms, full bath, powder room, & thoughtful Laundry complete the interior. Additional features include a cabinet line 3 car garage, NEW HVAC units replaced in 2023, and more! Located in one of the most desirable areas, this Greyhawk property is a unique opportunity for those seeking a secure, tranquil, and customizable retreat.

781 N Bristol Lane Gilbert, AZ 85234

$1,250,000
5 Beds
4 Baths
4,036 SqFt
Status Active
MLS # 6773389
Property Type Single Family Residence
Price Type --
Welcome to Your Next Home in Gilbert, Arizona! Discover this spacious 4,037 Square foot home located in the Bristol Square community, offering a blend of luxury, versatility, and convenience. This property features a 655 square foot basement with plenty of natural light, complete with a full bathroom, kitchenette, walk-in closet/utility room, and its own HVAC system. This flexible space could be ideal for an additional bedroom, in-law suite, or entertainment area. *Total Square Footage of the home including the basement is 4,692 Square Feet. One standout feature is the 700 SQFT recreation room, with an exterior entry and its own separate HVAC system. This versatile space could be ideal for a storage room, guest suite, playroom, home gym. Upstairs, you'll find extra-large bedrooms, including the primary suite with a walk-in closet and a private balcony where you can see the Superstition Mountains. Three of the four bedrooms can accommodate standard king-size beds comfortably. The main floor showcases vaulted ceilings, an open floor plan, laundry room, a ¾ bath, and two expansive living spaces. The kitchen is perfect for entertaining, with both formal and informal dining areas. Additionally, there's an office/bedroom providing further flexibility. The exterior boasts low-maintenance landscaping, a spacious driveway, and extra-large RV parking. Recent updates to the home include: New roof underlayment, 2 new AC units with airhandler, new LVP, carpet & tile, new water heater, and interior / exterior paint

5426 E Sandra Terrace Scottsdale, AZ 85254

$1,250,000
4 Beds
2.5 Baths
2,328 SqFt
Status Active Under Contract
MLS # 6711664
Property Type Single Family Residence
Price Type --
ASSUMABLE VA LOAN 4.5%! (To be verified by buyer & lender) FULLY REMODELED designer home in Scottsdale MAGIC zip code! Fantastic home w/ NO HOA--property is currently used as cash flowing STR. Tons of possibilities for homeowners & investors alike! $30k like new pool equipment(pool heater, pump, automation) Pebble tec, pool decking. Newer HVAC + water heater. $40k worth of OWNED solar panels! High ceilings & desirable open floor plan featuring an impressive 5x10 kitchen island w/ quartz countertops & stainless steel appliances. Enjoy your backyard year round: HEATED pool, built-in BBQ, jacuzzi, low maintenance turf, & more.

3662 E Sunnydale Drive Queen Creek, AZ 85142

$1,250,000
5 Beds
4 Baths
3,216 SqFt
Status Active Under Contract
MLS # 6744707
Property Type Single Family Residence
Price Type --
Stunning Custom Home with Amazing Mountain Views on a Huge Custom Lot with No HOA. This Split & Open Floorplan with High Ceilings features 5 Bedrooms, and 4 Bathrooms. Beautiful Wood and Travertine Flooring T/O. The Kitchen has an Oversized Granite Island and a separate breakfast bar, Custom Cabinets, Large Walk-In Pantry , Built-in Refrigerator, Beverage Refrigerator , and Tons of Counter and Cabinet Space, Open to your family room. Formal Living and Formal Dining Area have Coffered Ceilings. Oversized Inside Laundry with Sink also a Second Laundry in Garage. Enjoy your large Primary with Coffered Ceilings, Private Exit at the Backyard. Beautiful en-suite featuring a large vanity with 2 sinks, and a separate shower and tub with a walk-in closet. Custom window coverings T/O. Casita with separate entrance features bedroom 5 and bathroom 4. Oversized 3 Car Side entry Garage with Epoxy Floors, Whole House Filtration system. Long Paver Driveway and Paver Circular Driveway. Oversized Rv Gate for Ample Parking. The Back Yard Oasis has a Large Salt Water Pool, Rock Waterfall/Slide/Grato. Extended Covered Patio With Ceiling Fans. Covered Built In BBQ, outdoor kitchen, TV and sound system, Lighting, Sink and Beverage Refrigerator, Primo BBQ Grill, Custom Concrete Countertops. Sand Vollyball Court, Large Grass Area and is Surrounded by Many Citrus Trees and Spectacular Mountain Views. Queen Creek address with Gilbert services and Chandler Schools. Come see all this home has to offer.

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