Last week’s economic news included readings on job openings, consumer sentiment and the Federal Reserve’s monthly survey of senior loan officers. Weekly reports on mortgage rates and new jobless claims were also released. Freddie Mac noted that last week’s primary mortgage market survey did not include post-election readings as the survey information was gathered prior to election results.
Loan Officers Survey: High Demand for Home Loans, Commercial Lenders Raise Standards
As demand for mortgage financing and homes increase, the Federal Reserve reported last week that banks are tightening the screws on commercial lending requirements. This could present challenges to home builders; they’ve been consistently pressured to build more homes at a faster pace. Less availability of commercial financing may impact home builders and their suppliers. The survey indicated that demand for home and consumer loans also increased.
Mortgage Rates Rise, New Jobless Claims Fall
Mortgage rates rose across the board on average. Freddie Mac reported the rate for a 30-year fixed rate mortgage rose three basis points to 3.57 percent. The average rate for a 15-year fixed rate mortgage increased four basis points to 2.88 percent, which equaled the average rate for a 5/1 adjustable rate mortgage. Average discount points were unchanged at 0.50 percent for fixed rate mortgages and 0.40 percent for 5/1 adjustable rate mortgages.
New jobless claims fell to 254,000, which was lower than the expected reading of 260,000 new claims. Last week’s reading was also lower than 265,000 new claims filed the prior week. Job openings held steady at 5.50 million in September.
According to the University of Michigan’s monthly consumer sentiment index, November’s reading rose 91.60 in November as compared to an expected index reading of 88.00 and October’s reading of 87.20. This reading falls in line with strengthening labor markets. Improving economic conditions can influence consumers who want to buy homes.
What‘s Ahead
Next week’s economic reports include releases from the National Association of Home Builders, Commerce Department readings on housing starts and building permits issued and weekly releases on new jobless claims and mortgage rates.
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6052 N 183rd Avenue
Waddell, AZ 85355
$975,000
4
Beds
3.5
Baths
4,072
SqFt
Status
Active
MLS #
6697938
Property Type
Single Family Residence
Price Type
--
This property offers a unique chance to acquire a spacious home in the esteemed Clear Water Farms community UNDER APPRAISED VALUE. The residence boasts 4,072 square feet of living area on a generous 2-acre lot with full irrigation, presenting an ideal setting for those interested in establishing a hobby farm. The home features four bedrooms and three and a half bathrooms, including a primary suite and two additional ensuite rooms, ensuring ample privacy and comfort. The cooled garage includes a convenient half bath, and the property also offers a vast gaming or playroom, adding to its appeal for entertainment or additional living space. Outdoor enthusiasts will appreciate the full RV hookup and the ease of maneuverability it provides. With the majestic White Tank Mountains as a backdrop, the property promises serene views and an idyllic lifestyle, suitable for a large family or multi-generational living. It also holds potential as a lucrative VRBO investment, complete with horse privileges, allowing for a unique vacation experience. The opportunity to witness the stunning mountain sunsets adds a touch of natural splendor to this already attractive offering.
3406 E Wildwood Drive
Phoenix, AZ 85048
$975,000
4
Beds
3
Baths
2,304
SqFt
Status
Active
MLS #
6723434
Property Type
Single Family Residence
Price Type
--
Lakewood, Lakefront Home. One of THE Best views in Lakewood. 4 Bedroom, 3 Bath Fantastic Updates through out. Float in your pool or take a boat ride while watching AMAZING Sunsets with South Mountain as your backdrop. Enjoy a Resort Feel in your own Backyard. Courtyard entrance provides maximum use of the over 9800 SQFT lot on cul de sac and pie shaped with over 108 feet of shoreline. Master Bath Remodeled, ALL baths and Kitchen updated, Newer Appliances with Gourmet GAS Stove top. Pool/Spa heated with natural gas, Built in BBQ / Outdoor Kitchen, Pergola, semi -private conversational area. Composite wood dock. Smart Thermostats and Garage Door Opener. Newer Gas Water Heater Professional Photos to be Posted Shortly
1187 Fawn Lane
Prescott, AZ 86305
$975,000
5
Beds
3
Baths
3,904
SqFt
Status
Active
MLS #
6737059
Property Type
Single Family Residence
Price Type
--
This gorgeous home sits on .85 acres with panoramic mountain views. Main level living with primary bedroom and guest room on main floor. Completely remodeled, updated & upgraded. Chefs kitchen with quartz counters, 2 sinks, GE cafe appliances, double oven, wine refrigerator, spacious island bar seating. Great room with all new lighting, fireplace & new flooring opens to entertainers deck with amazing mountain views. Lower level offers 3 more bedrooms, 1 with separate entrance if desired. Oversize 2 car garage with epoxy floors, new textured concrete driveway.
19709 W Clarendon Avenue
Buckeye, AZ 85396
$975,000
4
Beds
4
Baths
3,748
SqFt
Status
Active
MLS #
6739967
Property Type
Single Family Residence
Price Type
--
Just in time for the holidays-HUGE PRICE IMPROVEMENT AND MOTIVATED SELLER. Take advantage of the $220K price drop and start packing! 4BD/4BA plus FLEX space AND a separate entry office provides great living spaces throughout! 2015 custom home situated on one acre. This home offers a blend of style and functionality. The Chef's kitchen offers a vast Island, breakfast bar, double ovens, pantry, granite with plenty of room for all to gather! Open concept great room with 10' ceilings. Two primary suites, split each with an ensuite offering privacy!. Top notch finishes! The unfinished backyard leaves room for you to build your own backyard oasis! Pool? Casita? RV Garage? All of the above? All possibilities exist to make this your forever home in a highly sought after community!
3931 N 87th Street
Scottsdale, AZ 85251
$975,000
3
Beds
2
Baths
1,679
SqFt
Status
Active
MLS #
6745502
Property Type
Single Family Residence
Price Type
--
MOST FAIRYTALE'S BEGIN WITH ''Once Upon a Time'' AND END WITH TELLING THE READER THAT EVERYONE 'Lived Happily Ever After!'....'SCOTTSDALE'S PREMIER LUXURY BRAND' HAS BLENDED STORYBOOK ELEMENTS IN THIS LATEST DESIGN, CREATING A LIFESTYLE 'FAR, FAR AWAY' FROM THE ORDINARY! STREET-SIDE IT LOOKS LIKE A 'CANDY HOUSE', ENVELOPED IN ENCHANTING FLOWERS & TREES, WITH A WINDING PAVED DRIVEWAY, UPON ENTERING YOU'LL BE TRANSPORTED INTO A WORLD OF MAKE BELIEVE!!.... Greet your Family & Friends at the entry, lead them through the Herringbone porcelain tiled floored grand open-living area spaces, where their eyes are drawn to the signature WINE GALLERY, Family Room with focal point fireplace, Formal Dining Room with 'HALO' Chandelier & wall to wall Slider's effortlessly connecting the inside with outdoors where you'll find a FANTASY ENTERTAINING PARADISE consisting of covered terrace looking onto HEATED POOL with Martini Seat, JACUZZI, OUTDOOR LOUNGE w/BBQ & BEVERAGE BAR, HUGE GRASSY AREA WITH PICTURE PERFECT LANDSCAPE & LIGHTING. It's time to show off your white designer KITCHEN with sleek European Style Cabinetry and State-of-the-art appliances, extra long Brazilian Quartz waterfalled breakfast bar which is the perfect place to meet and eat. Venture upstairs to the PRIMARY EN-SUITE RETREAT which really is a TREAT to Relax, Rejuvenate & Meditate in your pajama lounge, with coffee/ beverage bar, tucked away from the rest of the home and with magnificent en-suite bathroom, it's all part of this surprising journey!! Now to find the other bedrooms... The split floorpan leads you downstairs to 2 more bedrooms with Luxurious 2nd bathroom. Rounding off this enchanting journey is a dedicated Laundry with office built-ins, a 2 CAR GARAGE with E-V Car Charger & THIS IS A FAIRYTALE RESIDENCE THAT TRULY BELONGS IN A STORYBOOK! FEATURES INCLUDE: New HVAC System & Minisplits, New Electric Meter, Tankless Water Heater, Gas Cooktop, Brand New Heated Pool & Spa with New Pool Equipment, New Plumbing, Porcelain Tiled Flooring, 2 Brand New Bathrooms, 2 Car Garage with E-V Charger, Thousands of SF of Pavers, All New Landscaping & Lighting, Built-in BBQ & Beverage Bar, Signature Pewter & Gold Hardware Throughout, Handpicked Lighting, Chandeliers & Fans, All New Kitchen Appliances, Washer & Dryer in Dedicated Laundry with Floor to Ceiling Cabinetry and Desk Space, New Dual Pane Windows & Sliding Doors Throughout, Covered Terrace, Custom Window Drapery & Hardware, Ample off-street Parking, Scottsdale Schools.
230 S Mount Vernon Avenue
Prescott, AZ 86303
$975,000
4
Beds
4
Baths
2,779
SqFt
Status
Active
MLS #
6750658
Property Type
Single Family Residence
Price Type
--
Step into a piece of Prescott history at 230 S Mt. Vernon Ave, a captivating home that beautifully marries timeless charm with modern comforts. Nestled in the heart of Prescott's historic district, this enchanting residence exudes character & sophistication, presenting a unique opportunity for those seeking a home that tells a story. The first thing you'll notice is the picturesque L-shaped covered porch. Wrapped in stained wood decking & classic white railings, it invites you to relax & soak in the serene surroundings that this historic neighborhood provides. Inside, the warmth & allure continue with preserved touches from its original 1914 architecture. The expansive great room serves as the heart of the home, seamlessly blending classic elegance with contemporary style. A cozy gas fireplace, recessed lighting, & a striking coffered ceiling set the stage for gatherings & quiet evenings alike. Double doors beckon you to the side porch, effortlessly connecting indoor & outdoor living spaces. The great room flows into the gourmet eat-in kitchen that's a chef's dream! Featuring a spacious island with a breakfast bar, a farmhouse sink, stone countertops, & a classic tile backsplash. Imagine preparing meals on the industrial Kucht Professional stove while basking in the beauty of two-toned cabinetry that stretches to the ceiling, ensuring ample storage without sacrificing style. The primary suite offers a private sanctuary. Double doors open to the porch, where you can enjoy tranquil mornings or relaxing evenings. The en-suite bathroom rivals a spa retreat, featuring dual vanities, a walk-in shower with marbled elegance, & a soothing jacuzzi soaking tub. The primary bathroom leads into an oversized walk-in closet, perfect for all of your storage needs. Functionality meets convenience in the thoughtfully designed mudroom, equipped with a washer, dryer, on-demand hot water system, & utility sink. This practical space cleverly accommodates the needs of modern living. Elevating this property is a separate coach house in the backyard, perfect for guests, multi-generational living, or rental income potential. With its own bedroom, living room, full kitchen, bathroom, & washer & dryer, the coach house provides privacy & versatility, complete with its own parking & patio space. This exceptional home stands out as a true treasure, offering a perfect blend of historic charm & contemporary amenities. Don't miss out on the opportunity to experience the unique character, comfort, and style of this Prescott gem!
2540 W Tanya Road
Phoenix, AZ 85086
$975,000
5
Beds
3.5
Baths
2,814
SqFt
Status
Active
MLS #
6753086
Property Type
Single Family Residence
Price Type
--
Phenomenal 5BD, 3.5BA FULLY REMODELED home with PREMIUM finishes on 1.2 acres with BEAUTIFUL views of Gavilan Peak and Daisy Mountain! Heated pool / spa with expansive covered and uncovered rear patio w/ misters, lights, and full outdoor kitchen including PIZZA OVEN! Fully developed lot - NO DIRT BACKYARD! Large open-concept entry, living, kitchen and dining space. Two 'primary' bedrooms w/ full bath and large closets - perfect for guest suite, mother-in-law, or other special use. Extra deep single wide pass-thru garage. RV gates on both sides of property and RV electrical hookup. Zoning allows a detached shop/garage/shop/barn to be built!
13706 E Cascalote Drive
Scottsdale, AZ 85262
$975,000
4
Beds
3
Baths
2,608
SqFt
Status
Active
MLS #
6766752
Property Type
Single Family Residence
Price Type
--
Discover the warmth & charm of this custom territorial home w/ panoramic views nestled on an elevated 1.25 acres. CAR COLLECTORS, WOOD WORKERS, HORSE LOVERS THIS IS IT! 40 X 60 STEEL BUILDING WITH 10 x 60 covered patio area & SPACE FOR HORSES. TRAILS ACROSS THE STREET, TRAILER/RV STORAGE. Home sits just 1/10 mi. from paved Rd. Walled private courtyard, covered rear fenced & turf patio/yard area w/awesome views. 24' deep garage, programmable thermostats. All 4 BR are split from each other for ultimate privacy. Spacious kitchen features slab granite, custom lighting & VIEWS. Ample workshop room, extra garages, more horses etc. Scottsdale address & county advantages. No city lights means starry nights! NEW TILE, NEW ROOF, NEW ACs, NEW PAINT! Come see this Gorgeous Desperado Steel.... outbuilding, large fenced dog yard w/ synthetic grass, plenty of space for mare motel & horses. Trail riding is right across the street.
4338 S Leoma Lane
Chandler, AZ 85249
$975,000
5
Beds
3.5
Baths
4,461
SqFt
Status
Active Under Contract
MLS #
6754394
Property Type
Single Family Residence
Price Type
--
This Chandler gem is an absolute standout! Nestled on over a quarter-acre in the highly sought-after Symphony II gated community, this home boasts a resort-style backyard that's perfect for entertaining. Enjoy your saltwater private pool, relax by the water feature, or cook up a feast on the built-in BBQ. The expansive covered patio is ideal for hosting gatherings. Inside, the home features soaring vaulted ceilings and elegant wood shutters throughout, adding a touch of grandeur and sophistication. Fresh paint and updated flooring enhance the modern appeal, while the large gourmet kitchen with stainless steel appliances is a dream for any chef. The open and airy floor plan is designed with families and social gatherings in mind. Within walking distance of Chandler's A+ rated schools. The dining room of this Chandler home features a striking authentic barn wood wall, adding a rustic yet refined touch to the space. This unique design element enhances the room's charm and character, creating a warm and inviting atmosphere perfect for family dinners and entertaining guests.
8534 E Monterey Way
Scottsdale, AZ 85251
$975,000
4
Beds
2
Baths
2,358
SqFt
Status
Active Under Contract
MLS #
6761214
Property Type
Single Family Residence
Price Type
--
Stunning Mid Century Modern home on nearly ¼ acre with an east facing back yard! No HOA---a model vacation rental! Open floor plan! Kitchen boasts professionally refinished cabinetry, quartz counter tops, an enormous walk - in pantry and stainless steel appliances; gas cooking! Large picture window at kitchen sink looks out to the resort - style back yard. Four bedrooms and two bathrooms. The master suite has extensive custom closet storage; dual sinks, walk in shower and 2023 flooring in the master bathroom. Separate exit from the master bathroom to the back patio. Both bathrooms have been completely remodeled with trendy finishes; tile surrounds in the showers, and upgraded faucets, lights and fixtures. The same impeccable attention to detail on the inside is carried through to the front and back yards. Sparkling, heated pebble tec pool with 2022 filter and heater and 2024 variable speed pump. Elegant natural gas fireplace (with timer.) BBQ grill and artificial turf installed in the back yard in 2022. Extended covered back patio with ceiling fans. 2021 patio roof and 2022 concrete coating on the back patio floor (with 15 year warranty.) Quaint front porch with tile accent wall and wood fence enclosure. Tankless gas water heater, solid doors, water softener, 117 sf laundry room, RV gate. Seamless gutter was added to back of home in 2022, gas line replaced 2022, main sewer line and clean outs replaced 2023. Garage door opener replaced in 2022. Close to Old Town, Spring training, golf, hiking shopping and restaurants! All facts and figures including but not limited to square footage to be verified by buyer or buyer's representative.
26522 S Tangelo Avenue
Queen Creek, AZ 85142
$975,000
4
Beds
2.5
Baths
2,643
SqFt
Status
Active
MLS #
6736564
Property Type
Single Family Residence
Price Type
--
Equine lovers dream property. Priced below market and ready to go! The perfect horse setup. No backing trucks or trailers...drive through. County Island with Cox Internet, flood irrigation, No HOA, 1+ Acre with views of the San Tan Mountains! Your new home has been meticulously maintained and has all the right touches added for modern comfort including temperature control. Your heat pump and two zone AC is on a programmable thermostat making utility bills low and your comfort high. A formal dining room meets you off the entry and on your left you have the 4th bedroom which makes an amazing office. 9'+ flat ceilings make this home feel much bigger than it's 2643 square fee A formal dining room meets you off the entry, and on your left, you have the 4th bedroom, which makes an amazing office. 9'+ flat ceilings make this home feel much bigger than its 2,643 square feet. Your kitchen has a spacious dining area big enough for a large farm table. A walk-in pantry is perfect for storage. Additional counter top space plus your kitchen island makes food prep a breeze. Beautiful Granite countertops and knotty alder cabinetry give your home a warm inviting feel. Family dinners and holiday parties are easy and enjoyable with your double oven, high-efficiency dishwasher and built-in microwave. Your homes appliances and pipes are also protected by a water softener and you can safely drink the Phoenix, Arizona water from your own RO system. Your great room is comfortable with wood plantation shutters, high potshelves to display your art and treasures and a beautiful, new stackstone, floor-to-ceiling fireplace that is fueled by clean burning Propane. A large Propane tank is included. Your new fireplace is on a remote control so you can control the ambiance from anywhere. The great room also has a wetbar complete with a beverage/wine fridge. A half-bath has easy access from the kitchen or the great room and a full capacity washer and dryer make your separate laundry room complete. The Master Bedroom is oversized and has his and hers walk-in closets and an amazing en suite bath with double vanity, a huge jetted tub, separate water closet and stunning glass tile shower. Step outside onto your wraparound covered porch and enjoy the view. It's a great place to hang out and watch the horses. All of this is situated on 1.118 acres of land. Your property includes many shade trees. Lemon, orange, tangelo, pistache and oak trees that are easy to water with flood irrigation. Being located very close to the San Tan Mountains means plenty of trail riding and amazing views from anywhere on your new property. For the equine lover, your horse area features a large riding arena, a 2-stall shedrow barn with a tack/feedroom that has water, cooling misters and electricity. It has its own electrical panel. In addition to the shedrow barn is a separate covered stall that would be great for hay storage or the current owners use it as a third covered stall for their horses. The new 20' x 60' shade structure was added in 2023 and is situated so you can park your trucks, trailers and toys in the shade and you can also use it as an open corral or you can fence it to make additional stalls. This makes a great RV pad or area to park boats, trucks and trailers and already has an electrical connection. Nervous about backing a trailer? Don't be. Your new property is located on a corner lot and allows you to pull through one gate and out the other. Hay delivery and loading horses is a breeze with this setup. A separate shed/tack room is situated outside the horse area and is perfect for grooming and saddling up. Time to relax? Your 75' Pebble Tec pool was added in 2020 and has an in-floor self-cleaning system and amazing views of the San Tan Mountains. Enjoy a cool beverage surrounded by lush, tropical landscaping with mountain views and watch your horses from your private oasis. It doesn't get any better than this! Your pool is fully fenced to protect your family members, pups, and horses. Your property has recently been surrounded by a block wall to keep you and your animals safe and secure. This brings added privacy to your property as well. If you enjoy holiday lights, the sellers have electrical plugs in the front by the eves for easy lights and decorations. Flood irrigation is through Chandler Heights Citrus and one great feature of this property is the fact that it has Cox Internet/cable. It can cost thousands of dollars to have Cox Internet/cable brought to your home when located on a County Island. The seller has already setup Cox to this property. This truly is an amazing horse property and is close to everything. Ride off property, in your own arena or trailer to the San Tan Mountains in 14 minutes. Queen Creek Marketplace is great for shopping, casual and fine dining and is only 14 minutes and San Tan Village is a short 20 minute drive to the north. Mesa Gateway Airport and Gilbert Mercy Hospital are minutes away. Perfect for contractors trucks and trailer, equine and animal lovers or maybe you simply want elbow room. 4 Bedrooms, 2.5 baths and an attached three car garage. This one has it all. Watch the video and view additional amenities in the documents tab. Please note: The security camera at the horse shade structure does not convey.
13126 W Sola Court
Sun City West, AZ 85375
$975,000
3
Beds
2.5
Baths
3,027
SqFt
Status
Active
MLS #
6757471
Property Type
Single Family Residence
Price Type
--
Ready to move into this gem? 3 bedroom,2.5 bath with den and 3 car garage has it all* Corner lot with no one on E or N side *. This is the Granada plan in Corte Bella Country Club*. A premier 45+ VERY active adult community with a private heated pool AND spa*. The kitchen hs it all with granite countertops, gas cook tops,butler's pantry,desk and 2 year old refrigerator* Great room has fireplace /mantel*.Jack and jill bathroom,powder room are gorgeous!* LARGE master bedroom closet. Custom made office furniture in the den.. Back patio on large cool decking features gas firepit along with Weber barbeque and mounted wall TV. In addition to all of the above, seller has put new roof layment at a cost of 25K 6 months ago and 2 new Trane unts 3 years ago.* There's more. owned solar system New Pentair gas heater 2021,pentair remote control for lights,heater.New pool pump 2024, open house saturday and sunday 12-4