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Gerald Lucas

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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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Year End Real Estate Tips For Homeowners, Buyers & Sellers, Do This At The End Of Each Year When You Have A Mortgage, How Much Construction Employment Moved This Year?

December 10, 2024 Gerald Lucas

Year End Real Estate Tips For Homeowners, Buyers & Sellers

Real Estate Tip:

If your mortgage lender pays your real estate taxes from an escrow account, make sure the real estate taxes you claim on your return matches the number on Form 1098 your mortgage lender sends you-Form 1098 will report any real estate taxes you paid to the IRS.

Real Estate News:

Construction employment rose year over-year from October 2023 to October 2024 in 41 US states.

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Tags Gerald Lucas, real estate tips, real estate strategies, year end real estate tips, homeowners, home buyers, home sellers, taxes, lenders, mortgage rates, mortgage loans, expenses, exemptions, deductions
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Better To Buy A New Home Or Pre-Existing Home?, How To Avoid The Unique Property Trap, US Homes Sales Move In August

October 1, 2024 Gerald Lucas

Better To Buy A New Home Or Pre-Existing Home?

Real Estate Tip:

Unique properties are often harder to sell because they generate lower demand and appeal to a smaller percentage of potential buyers.

Real Estate News:

U.S. home sales fell 4.7% in August, hitting the slowest pace in nearly a year.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage rates, pre-existing home, newly constructed homes, fixtures, property taxes, mortgage rate lock
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