Home Builder Sentiment Unchanged in November

According to the National Association of Home Builders Housing Market Index for November, builder sentiment was unchanged at a reading of 63. Readings above 50 indicate that a majority of builders are confident about housing market conditions. Readings for three sub-indexes used to calculate the Housing Market Index Readings for builder confidence in current market conditions and market conditions within the next six months were posted at 69. The reading for buyer foot traffic in housing developments was 47. Buyer traffic has not reached the benchmark reading of 50 since the peak of the housing bubble approximately 10 years ago.

NAHB Chair Ed Brady noted that survey information provided by most participating builders was gathered prior to the presidential election. Mr. Brady also noted that Housing Market Index readings have exceeded 60 for the past three months, which indicates slow but steady growth in housing markets.

Analysts: Builder Sentiment and Building Activity Inconsistent

While positive builder sentiment readings seem to contribute to stronger housing markets, analysts pointed out that housing starts are not consistent with high builder sentiment levels. Reasons for fewer home starts than the Housing Market Index suggests include approaching winter weather and ongoing shortages of labor and buildable lots.

Real estate pros count on building more homes (and building them faster) as the only solution to tight supplies of available homes and rising demand. These conditions create highly competitive markets that present obstacles to moderate income and first time home buyers. NAHB said that rising incomes, expanding labor markets and relatively low mortgage rates are fueling demand for homes. While mortgage rates have remained near historic lows, home prices have risen quickly in high-demand areas. This creates affordability challenges for home buyers, who also face strict home loan approval requirements.

3 Month Rolling Averages Show Regional Confidence Readings

NAHB reported its three-month rolling averages according to four regions included in Housing Market Index readings. The Northeast reading was 45; the Midwest region’s confidence reading was 58 and the Southern region reported a reading of 66. The West, which includes high-demand metro areas such as Portland, Oregon and San Francisco, California, had a November builder confidence reading of 77.

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45816 N 288th Avenue Wickenburg, AZ 85390

$575,000
4 Beds
2 Baths
1,680 SqFt
Status Active
MLS # 6639472
Property Type Single Family Residence
Price Type --
Getting closer to completion, drywall is in! Discover the epitome of contemporary living in this exceptional hillside home, currently under construction on 3.44 acres of sprawling beauty. Boasting a distinctive metal roof and metal siding, this brand-new 4-bedroom, 2-bathroom, 4-car garage residence is a visionary blend of modern aesthetics and rugged elegance. This home invites you to become a part of its story. Seize the rare opportunity to acquire this hillside masterpiece at a discounted rate before its completion. Envision the lifestyle that awaits in a new, custom-built residence surrounded by the serenity of nature. Make your mark on this exceptional property - the canvas is yours, and the possibilities are endless.

35420 N 220th Drive Morristown, AZ 85342

$575,000
3 Beds
3 Baths
2,515 SqFt
Status Active
MLS # 6723494
Property Type Single Family Residence
Price Type --
Welcome to this beautiful 3 bedroom plus den, 3 bathroom home sitting on 1 acre. Open concept design with a split floor plan. Tile flooring in main living areas with luxury vinyl wood flooring in the family room. Kitchen boasts granite countertops, stainless steel appliances, staggered wood cabinet's and a coffee bar. Extra large laundry room with utility sink and matching cabinets. 2 large RV gates on the north and south sides of the property with 30amp RV hookup available. Large covered patio with above ground spa. Plenty of room for parking the toys and an extra large separate storage garage. Built with self sufficiency in mind this property is the well owner, has in ground septic and solar panels. Roof was completely redone in May 2023.

1225 Highway Loop Forest Lakes, AZ 85931

$575,000
2 Beds
1 Bath
1,008 SqFt
Status Active
MLS # 6748097
Property Type Single Family Residence
Price Type --
Discover a unique opportunity in Forest Lakes Estates with this newly listed multi-family property at 1225 Highway Loop. Built in 2022, this award winning cabin offers a blend of eco-friendly living and potential rental income. The 1008 square foot home features two bedrooms and one bathroom, showcasing an efficient use of space. The interior boasts modern amenities, including keyless entry, a smart thermostat, and a tankless water heater. The lower level comprises a kitchen, great room, two bedrooms, and a bathroom with an integrated laundry area. An additional sleeping loft or bonus living space is located upstairs, providing versatile living options. Exterior highlights include a durable Trex front deck, adding both aesthetic appeal and longevity to the property. Situated on over an acre of land in a cul-de-sac, this multi-family zoned lot presents numerous development possibilities. The county has already approved the construction of two additional tiny homes, offering potential for expansion or rental income. Forest Lakes Estates, nestled atop the Mogollon Rim, provides a refreshing retreat just two hours from Phoenix, with temperatures 30-50 degrees cooler. The community is surrounded by towering Ponderosa Pines and features several trout-stocked lakes, perfect for fishing enthusiasts. Unlike many developments, Forest Lakes has no mandatory HOA, fostering a welcoming atmosphere with community events and a voluntary homeowners association. Recreational opportunities abound in this vibrant area. Residents can explore the woods, kayak, fish, or navigate extensive UTV trails with breathtaking views. The community also boasts a library/church with a basketball court and a bustling community center that hosts markets, rummage sales, game nights, and special events like the 4th of July fair. This can be a turnkey property, furniture is negotiable, allowing for immediate enjoyment. Additionally, materials for a 24x24 Versatube metal garage are available and negotiable with the sellers, providing further potential for customization. Whether seeking a cool summer getaway or a charming winter wonderland, Forest Lakes offers the perfect retreat. Don't miss this chance to own a piece of tranquil paradise and create lasting memories in this unique, eco-friendly home.

1830 W Alta Vista Road Phoenix, AZ 85041

$575,000
5 Beds
3 Baths
1,554 SqFt
Status Active
MLS # 6717285
Property Type Single Family Residence
Price Type --
🏡 **Investment Opportunity: Tenant-Occupied Gem!** Welcome to your next lucrative real estate venture! Nestled in a sought-after neighborhood, this remarkable 5-bedroom, 3-bathroom house with a spacious backyard offers an irresistible investment opportunity. Here's why you should seize the chance: **Key Features:** 1. **Tenant Occupied:** Sit back and watch your investment grow effortlessly! This property is already generating substantial rental income, with tenants paying well above market rates. A stable income stream awaits you from day one. 2. **Prime Location:** Located in a desirable neighborhood, this property promises enduring value and high demand. Enjoy the convenience of proximity to schools, shopping centers, parks, and more, ensuring maximum 5 Bedroom Three Bath w/ Large Backyard Tenant in place at $3,495.00 per month 1830 West Alta Vista Road, Phoenix AZ 85034 ReModel Year 2024 New Roof: New Shingles / Roof Boards/ HVAC: 3 ½ Ton (Duct Cleaned ) 2024 by George Brazil Certificate of Service 2024 (George Brazil) Mini Split: 1 ton Brand New 2024 (ReCamera 5) ELECTRICAL: New Wiring throughout Lighting/Ceiling lights; Ceiling Fans (new) Plumbing: New Plumbing (with PEX-A) throughout FLOORING: Brand New (Bruce Hardwood flooring in Bedrooms) Porcelain Tile in Bathrooms Bathrooms: New Vanity Sinks, New Shower heads, New Hollywood LED mirror nEW Medicine Cabinets, New Bidet, Hand Held showers Paints: New interior painting (all rooms ; living rooms) New Exterior Paints + Stone Tiles in the front PAVERS: Brand new Pavers both in Front and Back Laundry Room: New General Electric Combo (Washer/Dryer) Home Depot Water Heaters: Instant Water Heater (Natural Gas) / Tankless Kitchen + Living Room: New Kitchen Island + New Kitchen with New Appliance Dishwasher/Garbage Disposal; Double Oven Range (not brand new) New Kitchen Cabinets Drawers/ Drawer pul Prime Location: Located in a desirable neighborhood, this property promises enduring value and high demand. Enjoy the convenience of proximity to schools, shopping centers, parks, and more, ensuring maximum tenant satisfaction and retention. Modern Upgrades: Say hello to worry-free ownership! With a brand-new roof, washer, dryer, and appliances included, you can rest assured knowing that maintenance costs are minimized, and tenant satisfaction is maximized. Expansive Backyard: Embrace the outdoors! The large backyard provides ample space for relaxation, recreation, and entertainment, making it an attractive feature for potential tenants seeking a lifestyle of comfort and leisure. New Paver Driveway: Impress at first sight! The newly installed paver driveway enhances curb appeal and sets the stage for a warm welcome, leaving a lasting impression on both tenants and visitors. Investment Highlights: Income Potential: Benefit from immediate cash flow with tenants already in place, offering an attractive return on investment. Low Maintenance: With recent upgrades and meticulous upkeep, enjoy hassle-free ownership and minimal expenses. Value Appreciation: Capitalize on the potential for long-term appreciation in property value, fueled by the property's prime location and enduring appeal. Don't Miss Out! This tenant-occupied treasure presents an exceptional opportunity for savvy investors seeking steady returns and long-term wealth accumulation. Act now to secure your future in real estate! Buyer to verify all facts and figures. Explore Your Investment Opportunity: Rental Property Perfectly Situated near South Mountain Park and Light Rail Access! Looking for an investment property that combines location, convenience, and income potential? Welcome to your next venture at the prime location of South Mountain Park and Light Rail Access! **Strategic Location** Nestled in the thriving area near South Mountain Park, this rental property offers the perfect blend of urban convenience and natural beauty. South Mountain Park, one of the largest municipal parks in the country, provides residents with endless opportunities for outdoor recreation, from hiking and biking to picnicking and enjoying scenic views. **Easy Access to Light Rail** With the convenience of nearby light rail access, commuting has never been easier for tenants. The new light rail line provides seamless connectivity to downtown Phoenix, making it ideal for tenants who work in the city center or nearby employment hubs. **Thriving Employment Opportunities** Located in close proximity to major employment centers, including downtown Phoenix and surrounding business districts, this property offers tenants convenient access to a wide range of job opportunities. Whether they work in healthcare, technology, education, or hospitality, tenants will appreciate the short commute times and easy access to employment options. **Investment Potential** With its desirable location, proximity to employment centers, and easy access to recreational amenities, this property presents a lucrative investment opportunity in the thriving Phoenix real estate market. Whether you're a seasoned investor or a first-time buyer, don't miss out on the chance to add this gem to your portfolio.

8016 E Medina Avenue Mesa, AZ 85209

$575,000 - 3Br/2Ba -  for Sale in Sunland Village East 2 Lot 316-631 Tr A-f, Mesa
New
$575,000
3 Beds
2 Baths
2,172 SqFt
Status Active
MLS # 6750548
Property Type Single Family Residence
Price Type --
You'll appreciate the central location of this 3-bedroom golf course home in the amenity-packed community of SVE, convenient to the restaurant, pool complexes, workout facilities, golf course and all Clubs/amenities. This well-taken care of home is ready to move in, so you don't delay the upcoming season of fun. There are many features unique to this home including a 9' x 8' bonus room in double garage to park your golf cart or motorcycle or utilize for extra storage or workshop as well as the electronic security shutters that enclose the covered back patio. With over 2,100 sq. ft., this floorplan provides two additional bedrooms creating amble space for visitors. Other features include a vaulted living room, family room with views to the golf course, and a formal dining room that could be converted to an office, craft or sewing room. Enjoy your morning coffee on the covered patio watching golfers attempt a birdie putt on Hole No. 7 with the Superstition Mountains in the background. Enter the home from the expanded south-facing front patio and your eyes will go right to the view of the golf course. You'll notice the abundant amount of light in the tiled kitchen coming from the sliding glass door in the dine-in area, with the kitchen providing beautiful cabinets with pull-out shelves. The large family room creates that extra space for entertaining as it includes a wet bar as well as access to the golf course patio. A primary bedroom allows the south sun to brighten the room and provides a private bathroom and walk in closet. The guest bathroom with tub/shower combo is centrally located between the second and third bedroom. The guest bedroom with north-window overlooking golf course is an expanded bedroom with his/her closets. If you didn't need a third bedroom, you could use the extra space for an office, sewing room or craft/hobby room. The garage features built in cabinets, a work bench, an exterior service door, and the bonus room. Sunland Village East is a community that provides an amenity for everyone's interests while still maintaining low annual HOA fees.

2292 S 155th Lane Goodyear, AZ 85338

$575,000
5 Beds
3.5 Baths
3,169 SqFt
Status Active
MLS # 6741299
Property Type Single Family Residence
Price Type --
Spectacular, totally move-in ready home! Every box will be checked, beginning with the amazing location! Be close to shopping, dining, schools and access to freeways! Being close to Goodyear Ballpark makes Spring Training easy to enjoy, too! Next box to check is this great floorplan! The large foyer and very impressive stairway to the second floor is only the beginning! This floorplan offers the ability to live on the main floor, beginning with the primary suite, featuring a large walk-in closet and newly remodeled bath! Also on the main floor is the large living room/den and a spacious dining room, accented with dentil molding. The upscale eat-in chef's kitchen, with high-end appliances, beautiful granite on the large island with breakfast bar, and the adjoining family room brings everyone together in the heart of the home! But wait, there is more.... Upstairs, you will find 4 additional bedrooms, 2 full baths and a huge bonus/media/game room! To top it all off, the resort-style backyard, with built-in BBQ, fridge, sink and cooktop, heated saltwater pool with waterslide and waterfall, and the heated spa, is your own private oasis! Be settled for the holidays! Freshly painted and new carpet in all bedrooms, you can move in and enjoy!! A quick close is possible!!

1917 W Steinbeck Drive Anthem, AZ 85086

$575,000
3 Beds
3 Baths
1,976 SqFt
Status Active
MLS # 6671728
Property Type Single Family Residence
Price Type --
Back on market with BRAND NEW interior & exterior paint & ALL NEW flooring! Enjoy backing to open space with distant mountain views from this charming 2 bedroom, den, 2 bath main house with 1 bedroom/1 bath detached guest house! Remodeled kitchen with quartz counters, gray subway tile backsplash and charcoal stainless appliances with electric range. Refrigerator, washer & dryer included! Primary suite includes separate walk-in shower with tumbled travertine surround and separate jetted soaking tub, dual sinks with quartz counters and walk-in closet! Casita bath has been remodeled with tile-surround walk-in shower and basket weave tile floor. Backyard features pergola and putting green. Extensive use of pavers with in-ground lighting, flagstone patios, walkways and courtyard. 2020 AC unit! Sellers added mini-split in Casita, French Doors to Backyard & Security Door on Front Door. Extra insulation added.

3218 N Ravine -- Mesa, AZ 85215

$575,000
3 Beds
2 Baths
1,868 SqFt
Status Active
MLS # 6752209
Property Type Single Family Residence
Price Type --
No HOA! This charming 3-bedroom, 2-bath home features elegant travertine floors throughout and plantation shutters for a touch of sophistication. The central vacuum and water softener make for carefree maintenance and vaulted ceilings enhance the open, airy feel, while the play pool in the backyard offers a perfect retreat. The fireplace in the family room, breakfast bar seating in the kitchen, ceiling fans throughout the home & 220V access in the garage for EV charging are just a few of the features that make this the home of your dreams. Located in a desirable Mesa neighborhood, this home blends style and functionality seamlessly and is ideal for both relaxation and entertaining. It's a true gem in a prime location with easy access to the 202 freeway, shopping and schools.

35314 N 31st Avenue Phoenix, AZ 85086

$575,000
4 Beds
2 Baths
2,258 SqFt
Status Active
MLS # 6760137
Property Type Single Family Residence
Price Type --
Wow, beautiful 4 bedroom Tramonto home, Updated with granite counters, sinks and faucets. Large private rear year, 2+ car garage with storage. Newer carpet and paint. Tramonto offers community pools, tennis parks and miles of walking trails. Easy walk to highly rated grade and middle school. Near shopping and restaurants . True sense of community. Vacant and easy to show.

17656 N 45th Avenue Glendale, AZ 85308

$575,000
4 Beds
2 Baths
2,098 SqFt
Status Active
MLS # 6742283
Property Type Single Family Residence
Price Type --
BACK ON THE MARKET! Experience luxury living at its finest in the prestigious Bellair community, where this beautifully remodeled single-level home offers a serene golf course lifestyle. Nestled on the 18th hole, this 2,098 sqft residence features 4 beds, 2 baths & an appealing interior that will impress. Discover the inviting living room paired w/a bay window, formal dining room & large great room offering a cozy fireplace & French doors that lead to the outdoors. The open-concept kitchen is a chef's dream, boasting custom cabinetry by Stone Creek, granite counters, tile backsplash, SS appliances & a grand island with a breakfast bar. The romantic primary suite is a tranquil retreat, offering dual sinks, tiled shower, custom cabinets, walk-in closet & access to the enclosed Arizona Room perfect for enjoying stunning sunrises and sunsets. The expansive backyard is an entertainer's paradise, overlooking the lush golf course & featuring a covered patio, pergola, exterior fireplace, built-in BBQ, storage sheds & additional side yard space ideal for a pool, garden, or private sanctuary. Additional upgrades include a tile roof, beautiful red brick facade, shutters, crown moulding, a custom-built desk in the guest/office space, remodeled bathrooms, new dual-pane windows, fresh exterior paint (2021), HVAC system (2022), water heater (2021) & so much more. This dream home is ready for you to fall in love with and make your own!

3849 S Vineyard Avenue Gilbert, AZ 85297

$575,000
4 Beds
2.5 Baths
2,474 SqFt
Status Active
MLS # 6750289
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the highly coveted Power Ranch community! This stunning residence has been freshly painted throughout, offering a crisp, modern aesthetic. The kitchen is a chef's delight, featuring elegant granite countertops, stylish cabinetry, and sleek stainless steel appliances. It seamlessly flows into the expansive great room, where you'll enjoy views of the beautifully landscaped, low-maintenance backyard. Upstairs, you'll find a serene primary bedroom complete with a luxurious full bath and a spacious walk-in closet. The second level also includes three additional bedrooms and a versatile loft area, perfect for a home office or playroom. Step outside to discover your private oasis—a backyard designed for effortless entertaining with its attractive pavers and inviting fire pit. This home is move-in ready and absolutely gorgeous, making it the perfect choice for your next chapter.

18720 E Via Laguna -- Rio Verde, AZ 85263

$575,000
3 Beds
2 Baths
1,799 SqFt
Status Active
MLS # 6744613
Property Type Single Family Residence
Price Type --
Come enjoy resort style living in this sunny, turn key 3 bed/2 bath home nestled into a very quiet street in the active adult, golf community of Rio Verde. Incredible views of green fairways on Quail Run and the majestic Mazatzal Mountains from your very private North facing back patio. Plenty of room for outdoor entertaining on the extended, fenced in patio area. Wood burning fireplace to take the chill off a cool desert night. Eat in kitchen with separate dining area. Community lap and social pool, tennis and pickleball courts, billiards room, two clubhouse restaurants and our new community café/bodega next to the post office as a fun meet up place for breakfast and coffee. golf membership information upon request.

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