CONTENTS AUGUST 2023

From Our Vip Agents

Legal News

Federal Housing Agencies Strongly Encourage Landlords to Provide Tenants Written Notice of Their Rights pg. 12

Commercial News

Office Vacancies Are Concentrated In 30% Of The Nationwide Office Stock, JLL Says pg. 16

Tpin Designs

3 Simple DIY Driveway Ideas pg. 18

Commercial News

Exploring The Untapped Value in Commercial Real Estate Investment pg. 20

GREEN/SUSTAINABILITY NEWS

Adriana Montes: 3 Must-Do’s Before Listing Your House for Sale pg 30

Yvonne McFadden: Scottsdale AZ market update for Q3, 2023. pg 84

Economic News

Economic Resilience and Housing Prospects: Analyzing the Impact of Q2 2023’s 2.4%

GDPGrowth on the Housing Market pg. 8 pg. 20

How Much Does American Driving Contribute to Global Climate Pollution?

LIFESTYLE & LIVING

The Truth About Toxic Mold (and How to Get Rid of It)

Emerick Peace: Real Estate Billion Dollar Black Out Houston pg 36

Heith Mohler: The Risk of Waiving Home Inspections: Protecting Your Investment Matters Pg 44

Francine Marsolek: How to Buy a Vacation Home in 5 Steps pg 54

James Clifford: Washington Housing Market Data: Update for Q3, 2023. Pg 60

Monica Hill: Unlocking Tax Ben efits: The Complete Guide to Deductions for Investment Properties pg 66

Steven Rivkin: How to Perform a Landlord Background Check pg 72

Walter Huff: 4 Surprising Things That May Increase How Much Your Home Is Worth pg 78

Brandy Nelson: 5 Ways a Buyer’s Agent Can Make Shopping New Construction Easier pg 98

DaShunda Morris: How Many Credit Checks Before Closing on a Home? pg 112

Dolores Golden: L.A Market Updates for Q3, 2023 pg 122

Harriet Robertson: Understanding the Role of the Real Estate Agent Pg 128

Ruby Frazier: Rehabbing a Home? Be Ready for These 5 Costs pg 134

Briana Frazier: 5 Facts Home Buyers and Sellers Should Know About Credits pg 138

Greetings, readers!

As we step into the month of August, I find it hard to believe how quickly this year has flown by. It seems like just yesterday we were setting our New Year’s resolutions, and now we are already in the latter half of the year. With the passing of each month, we at The Power Is Now Magazine continue to be humbled by the support and enthusiasm you show for our publication.

This August, we are excited to bring you a magazine filled with informative and insightful content covering a diverse range of real estate topics. As we commemorate Foot Health Month, we reflect on how far we have come and the steps we have taken to grow and improve our lives and businesses in the real estate world. In this issue, we delve into the current state of the housing market with an in-depth analysis of Housing Affordability Expectations which are down again. We understand the importance of keeping you informed on market trends and how they impact your real estate decisions.

On the cover of this month’s magazine, we proudly feature Rohit Chopra, the Director of the Consumer Financial Protection Bureau (CFPB). In our exclusive profile, we celebrate the remarkable achievements of this visionary leader, who has dedicated his career to championing consumer rights and reshaping financial regulation.

As the economic climate changes, we understand the concerns many have about rising interest rates. Fear not, for we have you covered! Our article on how interest rates affect you offers valuable insights into navigating the impact of fluctuating rates on your finances.

Throughout the issue, we are thrilled to bring you a variety of engaging articles that touch on critical aspects of real estate and financial matters. We aim to empower you, our readers, with valuable knowledge to make informed decisions and achieve your goals.

As we conclude this note,I want to express my heartfelt gratitude to our team of dedicated writers, contributors, and editorial staff who have worked tirelessly to bring you this exceptional issue. It is our honor to serve as your trusted source for real estate insights and information.

Thank you for being a part of our magazine’s journey. We hope you find this issue inspiring, informative, and enlightening. Happy reading, and here’s to a prosperous month of August!

Warm regards,

Eric Lawrence Frazier

Editor-in-Chief, The Power Is Now Magazine