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Gerald Lucas

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How Insurance Deserts Will Affect Home Prices, Slick Way To Cut Winter Heating Bills, Latest % Office Space Vacancy In Major US Cities

January 23, 2024 Gerald Lucas

How Insurance Deserts Will Affect Home Prices

Real Estate Tip:

In winter or when it's cold outside, reverse your ceiling fans to help circulate warm air that gathers near the ceiling. When the fan blades rotate clockwise, they push the warm air down to “reheat” the lower areas.

Real Estate News:

19.6% of office space in major US cities is not leased as of Q4 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage, insurance deserts, home prices, climate change, catastrophic damage, wildfires, natural disasters, Geico, insurance premiums
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How Lumber Prices Are Affecting Home Affordability & Prices, Surefire Way To Estimate Property Utility Costs, NJ Home Prices Continue To Soar

February 1, 2022 Gerald Lucas

How Lumber Prices Are Affecting Home Affordability & Prices

Real Estate Tip:

Before you buy a previously owned property, call the local utility companies to try to get historical gas, electrical and water usage info. This will help you more accurately predict your operating expenses.

Real Estate Insight:

Home prices soared for a second straight year in NJ during 2021. After climbing 12% in 2020, they gained about another 15% in 2021.

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Tags Gerald Lucas, real estate tips, real estate strategies, lumber prices, wildfires, sawmill production, supply chain disruptions, pandemic
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How Wildfires Will Affect Real Estate, The Perils Of Overpricing, Home Prices Are Increasing At This Rate

August 3, 2021 Gerald Lucas

How Wildfires Will Affect Real Estate

Real Estate Tip:

Overpricing a property reduces its selling price-it inevitably ends with price cutting & a weak negotiating position. The longer a property stays on the market, the less it will sell for. The key to selling a property for top dollar is pricing it correctly in the 1st 30-45 days it's on the market.

Real Estate Insight:

Home prices in NJ increased 12% in 2020 and are expected to increase at about the same rate in 2021

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Tags Gerald Lucas, real estate tips, real estate stratgies, wildfires, climate change, homeowner's insurance, natural disasters
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