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Gerald Lucas

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3 Real Estate Trends To Be Thankful For This Thanksgiving, Real Estate Auction Risks

November 22, 2022 Gerald Lucas

3 Real Estate Trends To Be Thankful For This Thanksgiving

Real Estate Tip:

Whenever possible, avoid buying property at auctions. There will usually be at least one person at the auction dumb enough to pay too much for a property--compete with that idiot at your own peril!

HAPPY THANKSGIVING!

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Tags Gerald Lucas, real estate tips, real estate strategies, home prices, inflation, housing inventory, home affordability
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What Recent Drop In The Housing Affordability Index Means, One Funding Source Isn't Enough, Mortgage Rates Hit Historic High

September 20, 2022 Gerald Lucas

What Recent Drop In The Housing Affordability Index Means

Real Estate Tip:

Line up multiple potential funding sources beforehand as you plan a property rehab or renovation

Real Estate Insight:

The average rate on a 30-year fixed mortgage climbed to 6.02%, up from 2.86% a year ago-the first time since 2008, the average 30-year fixed mortgage interest rate has hit 6%

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Tags Gerald Lucas, real estate tips, real estate strategies, home prices, home affordability, the housing affordability index, mortgage loan, median home prices, median home price, 1989, mortgage rates
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How Lower Housing Starts Will Affect Home Prices And Supply, Maximizing Your Property Insurance Protection, New Home Sales Fall

September 13, 2022 Gerald Lucas

How Lower Housing Starts Will Affect Home Prices And Supply

Real Estate Tip:

When you file a property insurance claim, document damage with both photos and video.

Real Estate Insight:

US New-Home Sales Fell to Slowest Pace Since Early 2016

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Tags Gerald Lucas, real estate tips, real estate strategies, construction costs, home inventory, home sales, home prices, home building, housing starts, home affordability, local real estate markets
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