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Gerald Lucas

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How Real Estate Markets Will Be Different Next Year, Comps Determine Property Value, Big Tech Companies Cancel Office Leases

December 27, 2022 Gerald Lucas

How Real Estate Markets Will Be Different Next Year

Real Estate Tip:

90% of what goes into the current value of a residential property is what similar properties have sold for in the last 6 months—so the key to arriving at the most accurate estimate of your home’s current value is getting recent sold price comparables in your neighborhood.

Real Estate Insight:

Big tech companies that drove US office demand for years are now canceling leases and flooding business districts with office space as they downsize.

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