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Gerald Lucas

  • Home
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How Home Building Costs Have Changed Recently, Killer Tenant Acquisition Strategy, How Many Homes Were Building In High Risk Flood Zones Recently?!

October 29, 2024 Gerald Lucas

How Home Building Costs Have Changed Recently

Real Estate Tip:

When you rent a property, set up all appointments to show the property at the same time--this saves you time and creates more urgency for tenant applicants to make a decision.

Real Estate News:

290,000 new properties in the US were built in high risk flood areas from 2019 through 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, home building costs, supply chain disruptions, pandemic, construction inflation
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Best NJ Home Buying Opportunities Now, The Unique Property Trap, The 5 Regional Banks S&P Just Downgraded

April 16, 2024 Gerald Lucas

Best NJ Home Buying Opportunities Now

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:

S&P Global downgraded five regional banks to a “negative” outlook from “stable” because of their exposure to CRE loans. The banks include First Commonwealth Financial, M&T Bank, Synovus Financial, Trustmark and Valley National Bancorp.

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Tags Gerald Lucas, real estate tips, real estate strategies, NJ shore, housing inventory, pandemic, home buying opportunities
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Are Rent Prices Finally Going Down?, Managing Your Contractor's Time, NJ Redevelopment Of Legacy Commercial Space

June 27, 2023 Gerald Lucas

Are Rent Prices Finally Going Down?

Real Estate Tip:

Find out how many jobs a real estate contractor is working on before you hire him. If he has too many jobs running concurrently, the job you hire him to do will unlikely be completed on time.

Real Estate Insight:

The NJ Economic Development Authority has established a $25 million fund to support the redevelopment of vacant malls, suburban office parks and hospital facilities.

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Tags Gerald Lucas, real estate tips, real estate strategies, rent prices, pandemic, inflation, housing supply, multi-family construction
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