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Gerald Lucas

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How Tariff-Induced Market Gyrations Will Affect Real Estate, Sure Fire Way To Lower Contractor Costs, How New Tariffs Impact Construction Costs

April 15, 2025 Gerald Lucas

How Tariff-Induced Market Gyrations Will Affect Real Estate

Real Estate Tip:

Pay for property renovation projects by the job not by the hour. When you pay by the hour, it normally takes more time and costs you more money.

Real Estate News:

The new tariffs Trump recently announced would raise construction costs because nearly all imports would be subject to 10% 'baseline' tariffs.

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Tags Gerald Lucas, real estate tips, real estate strategies, tariffs, stock market, uncertainty, home prices, construction costs, building materials, steel, lumber, drywall, financial markets
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How Insurance Deserts Will Affect Home Prices, Slick Way To Cut Winter Heating Bills, Latest % Office Space Vacancy In Major US Cities

January 23, 2024 Gerald Lucas

How Insurance Deserts Will Affect Home Prices

Real Estate Tip:

In winter or when it's cold outside, reverse your ceiling fans to help circulate warm air that gathers near the ceiling. When the fan blades rotate clockwise, they push the warm air down to “reheat” the lower areas.

Real Estate News:

19.6% of office space in major US cities is not leased as of Q4 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage, insurance deserts, home prices, climate change, catastrophic damage, wildfires, natural disasters, Geico, insurance premiums
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2024 NJ Housing Forecast, How To Cut Home Heating Bill, US Home Sales Rise In November

January 2, 2024 Gerald Lucas

2024 NJ Housing Forecast

Real Estate Tip:

In colder months getting your home thermostat setting just right, can cut your heating bills significantly. Program your thermostat so the temperature in your home is 10-15% lower than normal while you're out of the house.

Real Estate News:

US home Sales rose .8% in November from the prior month.

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Tags Gerald Lucas, real estate tips, real estate strategies, 2024 NJ Housing Forecast, CPI, home sales, home prices, Millennials, construction costs
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