The Power Is Now Real Estate Magazine | March 21, 2022

the power is now REAL ESTATE MAGAZINE

HOW WILL RISING INTEREST RATES AFFECT HOUSING IN 2022? page 4

REAL ESTATE FOR SALE! MARCH 21 | 2022

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POWER LENDING

If anything, the first quarter of 2022 is edging closer to what a normal housing season/year looks like.

As we approach the home buying season, which this year began early, homebuyers still have tough choices to make, but, this won’t feel anything remotely close to what 2021 was like.

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PHOTOS FROM 123RF

How Will Rising Interest Rates Affect Housing in 2022?

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ast year, we saw prices shooting as high up as 20% at many points. And while this trend is expected to continue, the rate at which prices appreciate is expected to slow down. Many experts concur price increases will be at roughly half the price we saw during the peak of 2021.

The housing market has suffered and continues to suffer through many of the same problems as the broad economy. This includes the supply and demand imbalance, labor shortages, material shortages and record low inventories. Inflation is another bottleneck plaguing both the economies, but now that the policy makers have recognized that inflation induced problems, the dollar is beginning to diminish. Mortgage rates on the other hand are beginning to rise, further eroding THE POWER IS NOW REAL ESTATE MAGAZINE

affordability especially for the first time buyers.

The housing projection for 2022 reports that came out earlier showed that the rising mortgage rates would only have modest impact on the demand and while mortgage rates to date haven’t risen that much, buyers still face bidding wars. However, it is expected that the bidding wars will not be as intense as they were in 2021. This comes as a strong warning to the sellers that they should not be as selective when choosing between offers. In 2021, one trend that we saw with most sellers is that they mostly accepted all-cash offers and conventional loan offers with appraisal contingencies waived.

For the buyers, rising interest rates means that you have to be

more flexible with the terms of your purchase contract, even if you are not necessarily getting a deal on the price.

Remember, the spring of 2022 will still be a seller’s market, but it will be less competitive for the buyers than the previous spring.

There is a high chance that the spring of 2022 will look more like a regular spring season.

The number of new and existing inventory for sale will increase, but, it will be lower than what a normal market offers. The mortgage rates will go up which to some extent will significantly affect buyer’s affordability. Thus, understanding your finances is really important as it will help you determine the upper limits of your budget. On the other hand, for sellers, you’ll want to stay ahead of any maintenance

Another not so interesting consequence of the rising interest rate is that there will be a severe shortage of homes for sale relative to demand.

This will be the primary driver of positive house price growth. According to Odeta Kushi, deputy chief economist at First American Financial Corporation, a real estate services firm; “It’s really the severe shortage of homes for sale relative to demand that will be the primary driver of continued positive house price growth,” she says.

Many millennials are hitting the prime buying age, and there aren’t enough homes built to meet this demand.

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Another projection is that home buying demand will fall, but not plummet. Over the last 12 months, we saw many buyers rushing into the market and they are unlikely to be buying another home in 2022. While it’s not expected that there will be a sharp drop in home prices, fluctuations will only be local.

Homebuyers need to put more focus on the fundamentals of what makes a home purchase a good move. It is advisable to also interrogate the motive, if buying a home makes sense with your current employment situation and family status, then the timing is probably right, you should buy.

Many buyers, and it doesn’t matter the generation, looking to make a move this year must be well prepared. And the good thing is that this year, many have a little more time to make up their mind compared to 2021, “but given that it will still be a seller’s market, they’ll still likely have to move fast to keep up with that market velocity,” Kushi says.

Going into the market, make sure that you have your budget right and plan ahead of what you are willing to spend for a property. Buying a home isn’t just another financial decision, it is a deciding factor about your lifestyle. As such, buying a home should make sense for your personal and financial situation.

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LIST PRICE: $330,000 12811 TOWN CENTER WAY UPPER MARLBORO, MD 20772

Back On The Market Previous Contract Fell Through -- Wonderful Home Awaits Your Furniture*3 Level Brick Front Townhome Is Marlton Town Center*2 Huge Bedrooms*2 Full 1 Half Bath*Spacious Living Room*Super Accommodating Kitchen With Center Island*Super Basement With Large Family Room/Rec Room/ Fun Room* Large Deck With A Beautiful Wooded Tree Line View. Basement Bath Is Roughed in and Ready To Finish. Check The Comps. This Is The Best Value in Upper Marlboro.

CONTACT THE AGENT: Emerick Peace NMLSID: 320004 Phone number: (240) 882-0198 Email: EmerickPeace@KW.com

233 6 Huntington Green Ct #9 0 Orlando, FL 3 2 8 3 9

SINGLE FAMILY HOME FOR SALE LIST PRICE

$175,000

PROPERTY INFORMATION: Nice 3 bedrooms and 2.5 baths. Property located in great location, close to everything. Great Price!!

Won’t last long !! A must see

PROPERTY INFORMATION:

3 BEDROOMS

CALL FOR DETAILS

ADRIANA MONTES, JD MBA

m: (321) 689-6258 o: (407) 654-9992

3 BATHROOMS

adriana@floridadreamsrealty.com www.floridadreamsrealty.com

YOUR POWER TO BUY A HOME IS NOW! 6930 NW 186th St APT 1-108, Hialeah, FL 33015

Offered at $225,000

PROPERTY INFORMATION

CALL ME FOR DETAILS:

Spacious condo located in a great subdivision!

Minutes to main highways Palmetto I-75. Close to the Largest mall in the US American Dream Miami Mega Mall. This won’t last long! Don’t miss this opportunity!

ADRIANA MONTES, JD MBA m: (321) 689-6258 adriana@floridadreamsrealty.com www.floridadreamsrealty.com

I WAS DENIED

HOUSING BECAUSE I HAVE AN

ASSISTANCE

ANIMAL. SO I CONTACTED

HUD FOR HELP.

SCAN HERE FOR MORE INFO

When a landlord tried to deny me housing because of my assistance animal, I contacted HUD and learned about my fair housing rights. For instance, landlords must make reasonable accommodations for persons with disabilities, such as allowing an assistance or emotional support animal in a no-pets building. If you believe you have experienced discrimination, contact HUD or your local fair housing center and file a complaint.

Visit hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) 1-800-927-9275 (TTY)

Fair Housing Is Your Right. Use It!

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

YOUR POWER TO BUY A HOME IS NOW! 815 W 1st St Ajo, AZ, 85321 Pima County

Offered at $52,500

PROPERTY INFORMATION Bed/Bath: 3/2.00 Total Rooms: 5 Square Feet: 1463 Year: 1936 Housing Type: Single Family Home Number of Stories: 1 Lot Size: 6370.00 sq ft

CALL ME FOR DETAILS: Yvonne McFadden Direct: (480) 628-2619 www.yvonnemcfaddenrealtor.com

YOUR POWER TO BUY A HOME IS NOW! 8934 E Sun Lakes Blvd N Sun Lakes, AZ, 85248 Maricopa County

Offered at $290,000

PROPERTY INFORMATION Bed/Bath: 2/2.00 Total Rooms: 4 Square Feet: 1440 Year: 1984 Housing Type: Manufactured Home Lot Size: 7322.00 sq ft

CALL ME FOR DETAILS: Yvonne McFadden Direct: (480) 628-2619 www.yvonnemcfaddenrealtor.com

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Lo t 137 Cr 8 4 6 1 H id d en Valley Rch Rd Concho, AZ 85 9 2 4

LAND FOR SALE LIST PRICE

$49,600

PROPERTY INFORMATION: A rocky bluff on the northside of this 47.5 acre parcel provides an exquisite backdrop creating the perfect property for privacy and seclusion. The rocky bluff extends as a natural wall along the north side of a large, open meadow area that is bound by the local road and a wash which travels along the south side and through a section of the property, leaving approximately 13 open acres on the southeast side of the wash. The Arizona artist who owns this land has used the wash sand many times in her sand impressions. Amazing pieces of petrified wood are continually being found and the diversity of plant life gives credit that the soil is potentially suitable for growing a variety of plants. Owned by one family since 1983, Well can be drilled.

CALL FOR DETAILS

TAMRA LEE ULMER

m: (480) 689-6258 o: (928) -474-2550 ext 700

tamra.lee.ulmer@resourceaz.com http://arizonaresourcerealty.com/

LISTED FOR $85,000

Lot 46 Windsor Valley Ranch Concho, AZ 85924 PROPERTY INFORMATION

Million dollar view of the White Mountains for a fraction of the price! This lot is ready to build or to bring in a manufactured home, and is ready for semioff grid living. Lot has power at the road, but you will need to put in a well or have water delivered until you do. With beautiful views, you can see the White Mountains to the south and the Petrified Forest to the north. Horse property with State Trust land on 2 sides. Show Low is only about 40 minutes away, you do not want to miss this opportunity!

Call Tamra Lee Ulmer Owner | Broker BR518926000

m: (480) 689-6258 o: (928) -474-2550 ext 700 tamra.lee.ulmer@resourceaz.com http://arizonaresourcerealty.com/

YOUR POWER TO BUY A HOME IS NOW! 16 N Star Vale #15 Star Valley, AZ 85541

Offered at $129,000

PROPERTY INFORMATION

This home is priced to SELL! Come to the heart of Arizona and enjoy all four, mild, seasons in this Beautiful 2 bedroom 2 bathroom home in a 5 Star 55+ RV Resort!

The home sits on approx 50x80 lot, with a 12x20 carport and parking for at least 2 more! Beautiful Trex deck.

French doors. New water heater, sealed/painted roof, rock vinyl skirting, front door & screen & exterior paint in 2020. 10x12 Tuff shed workshop & a 7x7 Rubber Maid storage shed. 5 Apple trees, ornamental plum & Pear tree.$459/mo space rent.

CALL ME FOR DETAILS: Tamra Lee Ulmer Owner | Broker m: (480) 689-6258 o: (928) -474-2550 ext 700 tamra.lee.ulmer@resourceaz.com http://arizonaresourcerealty.com/

8093 W Luf kin Dr Pine, AZ 85 5 4 4

HOME FOR SALE LIST PRICE

$135,000

PROPERTY INFORMATION: Beautiful, level, treed lot in Strawberry, AZ. There is a one bedroom, one bathroom 1966 singlewide home on the property. The mobile was used as a rental for over 15 years but could be a great second home/escape the from the heat opportunity, as well as a primary residence.. The property allows for horses and there is amply room for vehicles/RV/UTV/ATV. Come enjoy the cool mountain breezes through the Pines and the four mild seasons that Strawberry, AZ offers, today! This is a must see! (Seller will be splitting lots 20 & 21 during escrow. This is a cash or hard money financing Only sale as the home is not affixed to the land.)

CALL FOR DETAILS

TAMRA LEE ULMER

m: (480) 689-6258 o: (928) -474-2550 ext 700

tamra.lee.ulmer@resourceaz.com http://arizonaresourcerealty.com/

LISTED FOR $499,900

20426 S Vermont Ave #80 Torrance, CA 90502 Property Information

Welcome to this beautifully updated 2 bedroom, 2 bath home in the highly desirable Ponderosa Pines gated community. Upon entering, you are welcomed to a spacious living room that connects to the kitchen and dining area. The kitchen was remodeled a few years ago with new counter tops, back splash, custom cabinets, tile flooring and includes all stainless-steel appliances. The dining area offers a calmness with the trees peeking through the blinds.

Call Kate Nash Realtor DRE#01309788

mobile: (300) 308-7900 e-mail: KateNash@FirstTeam.com website: www.KateNashHomes.com

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Resources That Fit Your Needs

YOUR POWER TO BUY A HOME IS NOW! 2174 Turtledove Ct Lodi, CA 95240

Offered at $529,950

PROPERTY INFORMATION If you’re looking for a 4bd 2ba home in Great area of Lodi then this home is for you. Home has been updated within the last 3 yrs and comes with a built in pool just in time for the Valley Summer. Close to schools, shopping, parks and easy commute to Stockton or Sacramento with foothills nearby. Motivated seller has priced this home to sell.... Hurry it won’t last long.

CALL ME FOR DETAILS: Yvonne McFadden Direct: (480) 628-2619 www.yvonnemcfaddenrealtor.com

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SEARCHING FOR YOUR HOME? 1816 Chinquapin Ct Concord, CA, 94519

Offered at $400,000

PROPERTY INFORMATION

Bed/Bath: 2/1.00 Total Rooms: 5 Square Feet: 914 Year: 1972 Housing Type: Single Family Home Number of Stories: 1 HOA Fees: $370.00 Monthly Lot Size: 1295.00 sq ft

CALL ME FOR DETAILS: Kamseha Keesee Broker | DRE#01292916 Direct: (951) 454-5959 E-mail: keeseekamesha@aol.com

5830 Walerga Rd Apt 3, Sacramento, CA 95842

List Price: PROPERTY DESCRIPTION Turn-Key Home! This 2 bedroom, 1 bathroom condo features new laminate flooring, fresh paint, quartz counter tops, HVAC installed this year, new blinds and new fixtures. Great layout with the main living downstairs and bedrooms upstairs. Shared garage and lots of storage.

Ideal location near shopping, entertainment and eateries.

SERINA LOWDEN Broker | Owner DRE #01365745

$214,500

D: (916) 600-0223 C: (209) 304-5841 F: (916) 471-0329 E: serinalowden@allcityhomes.com

You

+ Fair Housing

A Better Community

The solution to housing discrimination starts with you. If you have been trying to buy or rent a house or apartment and you believe your rights have been violated, contact HUD or your local fair housing center. The Fair Housing Act prohibits housing discrimination because of race, color, sex, religion, national origin, familial status or disability.

Fair Housing Is Your Right. Use It. Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (English/Español) 1-800-927-9275 (TTY)

SCAN HERE FOR MORE INFO A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

255e Raven Ave Rangely, CO, 81648 Rio Blanco County

PROPERTY DESCRIPTION Bed/Bath: 3/2.00 Total Rooms: 5 Square Feet: 1186 Year: 1982 Housing Type: Single Family Home Number of Stories: 1 HOA Fees: $0.00 Revitalization Area: No Opportunity Zone: No FEMA Flood Zone: Yes (on latest appraisal) Lot Size: 8334.00 sq ft

Walter Huff II DRE #1312180

List Price:

$85,000

C: (720) 298-9095 D: (303) 785-1267 F: (303) 785-1266 E: info@Huff

YOUR CREDIT STATUS WILL AFFECT YOUR ABILITY TO BUY A HOUSE.

YOUR RACIAL STATUS SHOULD NOT. It is against the law to consider race, color, national origin, religion, sex, disability or familial status in any decision regarding rental, sales or mortgage lending. If you believe you may be a victim of housing discrimination, contact HUD or your local Fair Housing Center:

Visit www.hud.gov/fairhousing or call the HUD Hotline 1-800-669-9777 (voice) 1-800-927-9275 (TTY)

Your Choice. Your Right. Your Home.

A public service message from the U.S. Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, familial status or disability. For more information, visit www.hud.gov/fairhousing.

219 6 Pr 3 1 5 H awley, TX , 7 9 5 2 5 Jo n es County

SINGLE FAMILY HOME FOR SALE LIST PRICE

$130,000

PROPERTY INFORMATION:

Bed/Bath: 4/2.10 Total Rooms: 7 Square Feet: 1792 Year: 2009 Housing Type: Manufactured Home Number of Stories: 1 Lot Size: 4.00 acres

PROPERTY INFORMATION:

4 BEDROOMS

CALL FOR DETAILS

SHARON BARTLETT

DRE#0684103 o: (214) 914-9272

2 BATHROOMS

2 CAR GARAGE

sharon@sharonbartlet.com www.sharonbartletthomes.com

LISTED FOR $211,500

328 Peg St Ridgecrest, CA, 93555 Kern County Property Information Address: 328 Peg St Ridgecrest, CA, 93555 Bed/Bath: 4/2.00 Total Rooms: 7 Square Feet: 1556

Call Ruby Frazier Realtor DRE#01751773

Year: 1969 Housing Type: Single Family Home Number of Stories: 1 HOA Fees: $0.00 Lot Size: 7260.00 sq ft

mobile: (951) 686-5261 e-mail: rubyfrazier@fraziergrouprealty.com

LISTED FOR $312,000

13647 Buttercup Ct Penn Valley, CA, 95946 Nevada County Property Information

Bed/Bath: 3/2.00 Total Rooms: 5 Square Feet: 1320 Year: 1989 Housing Type: Manufactured Home Number of Stories: 1 Lot Size: 5.00 acres

Call Jenny Gonzalez Realtor DRE#01249788

mobile: (951) 316-0374 e-mail: jengonzalezre@gmail.com

702 N 1st St #522 Minneapolis, MN 55401

PROPERTY DESCRIPTION Located in the Itasca Building, one of the first true loft conversion projects in Minneapolis, character is everywhere! A walker’s and biker’s dream come true - this cozy condo is near Boom Island & Nicolet Island Parks and adjacent to the W. Riverview Parkway! Grab coffee on your way out the door in the morning and enjoy a comedy show in the evening! It’s downtown living at its most authentic. An affordable option, don’t forget to bring your best friend - this home is pet-friendly, too! This wonderful unit is located on the top floor with a huge deck with gorgeous views of the Parkway with seasonal views of the Mississippi River. It features exposed brick and wood beams. It has an open floor plan with a fireplace and windows overlooking River Parkway. There are plenty of opportunities to build equity with some updates. Plus, there is a backyard with outdoor grills and firepits. Quick close possible. Hurry!!

CALL ME FOR INFORMATION FRANCINE MARSOLEK Broker | Owner | Realtor

List Price:

$209,900

D: (612) 868-9344 C: (651) 797-4219 francine@nhmres.com https://www.nhmres.com/ 7309 Lake Dr, Lino Lakes, MN 55014 229 Jackson St, Ste B, Anoka, MN 55303

*Each office is individually owned and operated.*

DISCRIMINATION IS RARELY THIS OBVIOUS, BUT IT’S JUST AS REAL. AND JUST AS ILLEGAL. If the landlord gives you the runaround or says:

“We don’t take kids.”

“The apartment you asked about on the phone has been rented.”

“We only take people who speak English clearly.”

“We don’t take teenagers.”

“The ad was wrong – the rent is really $50 more.”

“I can’t assign you a handicap parking space.”

THAT COULD BE HOUSING DISCRIMINATION. The only way to stop housing discrimination is to report it, so we can investigate it.

Visit

www.hud.gov/fairhousing or call HUD’s Housing Discrimination Hotline 1-800-669-9777 (voice) 1-800-927-9275 (TTY) The federal Fair Housing Act prohibits discrimination because of race, color, religion, national origin, sex, family status or disability.

LISTED FOR $25,000

674 Memorial Way Paradise, CA, 95969 Butte County Property Information Bed/Bath: 0/0.00 Total Rooms: 0 Square Feet: 0 Year: 1234 Housing Type: Number of Stories: 1 HOA Fees: $0.00 Revitalization Area: No Opportunity Zone: No FEMA Flood Zone: No Lot Size: 7328.00 sq ft

Call Briana Frazier Realtor DRE#01751473

mobile: (951) 809-9077 e-mail: brokerbree@fraziergrouprealty.com