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Gerald Lucas

  • Home
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    • An Unexpected Discovery
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How Much Do Local School Districts Affect Home Values?, Where Rental Property Responsibility Really Lies, Homes For Sale In NJ Increased This Much Since December?

March 25, 2025 Gerald Lucas

How Much Do Local School Districts Affect Home Values?

Real Estate Tip:

A property owner must manage his property manager--regardless of how much responsibility you choose to delegate, when you own property, the buck ultimately stops with you.

Real Estate News:

The number of homes being offered for sale in NJ is on the rise again, increasing 9% since December 2024.put prices for new nonresidential construction rose 0.8% from December to January which was the largest monthly gain in a year.

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Tags Gerald Lucas, real estate tips, real estate strategies, local school districts, home property values, housing demand, home sales
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2025 Housing Forecast, Due Diligence Must For Fix & Flip Investments, Home Sales Climb To Highest Level In How Many Years?

January 14, 2025 Gerald Lucas

2025 Housing Forecast

Real Estate Tip:

Before you make a written offer to buy a property to rehab, make sure you accurately estimate real estate repair cost (for both labor and materials)---be conservative with your estimates and make a detailed list that you can show to potential lenders, investors and joint venture partners.

Real Estate News:

Pending home sales in the US grew for the fourth straight month in November to return to the highest level since early 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, interest rates, mortgage rates, housing supply, housing demand, multifamily housing supply, tariffs, immigration, mortgage rate lock, buyer purchasing power, 2025, housing forecast
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How Higher Energy Costs Will Affect Housing Demand, Oil Tank Due Diligence When You Buy Property, US Homes Sales Move Again

January 24, 2023 Gerald Lucas

How Higher Energy Costs Will Affect Housing Demand

Real Estate Tip:

When you pay for an oil tank scan on a property you are going to buy, have the company you hire determine whether the tank is actively in use. If the tank has been taken out of service, you should request all documents relating to the tank closure including town permits and contractor reports. These documents will prove the tank was closed properly according to regulatory guidelines.

Real Estate Insight:

US existing home sales fell again in December, concluding the weakest year for home sale activity since 2014.

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Tags Gerald Lucas, real estate tips, real estate strategies, energy prices, housing demand, Ukraine War, supply and demand
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