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Gerald Lucas

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Why Rents Are Rising Now, Real Estate Auction Danger, What % Of Homes Sold Above Asking Price?

August 31, 2021 Gerald Lucas

Why Rents Are Rising Now

Real Estate Tip:

Be very careful if you participate in a real estate auction. Auctions encourage impulsive behavior and at most auctions there's usually someone dumb enough to pay too much for a property-- better to let that person win. No one ever got rich paying too much for something!

Real Estate Insight:

In May, a record high of 50% of U.S. homes sold for more than their list price.

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Tags Gerald Lucas, real estate tips, real estate stratgies, rents, home prices
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