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Gerald Lucas

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What The July 24' Fed Meeting Means For Housing?, Landlord Tip To Save Money On Your Water Bill, Eviction Notices Ramp Up

August 6, 2024 Gerald Lucas

What The July 24' Fed Meeting Means For Housing?

Real Estate Tip:

Install water-efficient fixtures in your property, like low-flow shower heads and faucets, to lower your water bill by reducing your water usage.

Real Estate News:

Tenant eviction notices were up more than 15% compared with before the pandemic in 33 US cities.

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Tags Gerald Lucas, real estate tips, real estate strategies, Fed, open market committee meeting July 2024, unemployment, interest rates, mortgage rates, inflation, labor market, supply, demand
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Will Dip In Apt Construction Lower Rent Prices?, G's Rule Of 3 To Save Money On Home Renovations, US Homeownership Rates Change In A Surprising Way

October 10, 2023 Gerald Lucas

Will Dip In Apt Construction Lower Rent Prices?

Real Estate Tip:

Use G's rule of 3--always get at least three estimates for any service or construction work done on your home or property.

Real Estate News:

The US home ownership rate has recently risen to almost 66%, exceeding pre-pandemic levels.

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Tags Gerald Lucas, real estate tips, real estate strategies, interest rates, mortgage rates, marriage, divorce, illness, death, unemployment, new job, mortgage interest rates, adjustable rate mortgage, builder
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The Real Driver Of Home Sales-NOT Interest Rates!, Beware Of Bank Owned Properties, Bank Lending Standards Tighten

October 3, 2023 Gerald Lucas

The Real Driver Of Home Sales-NOT Interest Rates!

Real Estate Tip:

Be careful when you make offers to purchase bank-owned property, also known as REOs because there is no previous owner compelled to disclose problems like a leaky roof or oil tank. You must do your own homework which includes a property inspection--the bank will only give you clear title to the property.

Real Estate News:

US banks recently reported that lending standards tightened for all residential real estate.

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Tags Gerald Lucas, real estate tips, real estate strategies, interest rates, mortgage rates, marriage, divorce, illness, death, unemployment, new job
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