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Gerald Lucas

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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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Huge Risk To Buyers Of Newly Constructed Homes, How To Maximize Low Interest Rates, Credit Conditions Change For Builders

June 7, 2022 Gerald Lucas

Huge Risk To Buyers Of Newly Constructed Homes

Real Estate Tip:

When interest rates are low always borrow for the longest term you can negotiate.

Real Estate Insight:

Credit conditions tightened for builders and developers in Q1 2022 as indices from the NAHB and the Federal Reserve indicate tightening credit conditions for the first time since mid-2020.

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Tags Gerald Lucas, real estate tips, real estate strategies, lenders, home mortgage, residential properties, newly constructed homes, mortgage rates, builders, Federal Reserve, mortgage contingency, lender, contract
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