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Gerald Lucas

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Are Adjustable Rate Mortgages A Good Idea?, Do This BEFORE You Buy A Rehab, Apartments Rents Finally Fall

September 27, 2022 Gerald Lucas

Are Adjustable Rate Mortgages A Good Idea?

Real Estate Tip:

Confirm contractor availability to work before you commit to buying a property that needs extensive renovations

Real Estate Insight:

Apartment rents are falling from record highs across the US for the first time in almost 2 years.

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Tags Gerald Lucas, real estate tips, real estate strategies, adjustable rate mortgage, ARM, 30 year fixed rate mortgage, variable interest rate, 2008 financial crisis
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What Recent Drop In The Housing Affordability Index Means, One Funding Source Isn't Enough, Mortgage Rates Hit Historic High

September 20, 2022 Gerald Lucas

What Recent Drop In The Housing Affordability Index Means

Real Estate Tip:

Line up multiple potential funding sources beforehand as you plan a property rehab or renovation

Real Estate Insight:

The average rate on a 30-year fixed mortgage climbed to 6.02%, up from 2.86% a year ago-the first time since 2008, the average 30-year fixed mortgage interest rate has hit 6%

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Tags Gerald Lucas, real estate tips, real estate strategies, home prices, home affordability, the housing affordability index, mortgage loan, median home prices, median home price, 1989, mortgage rates
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How Lower Housing Starts Will Affect Home Prices And Supply, Maximizing Your Property Insurance Protection, New Home Sales Fall

September 13, 2022 Gerald Lucas

How Lower Housing Starts Will Affect Home Prices And Supply

Real Estate Tip:

When you file a property insurance claim, document damage with both photos and video.

Real Estate Insight:

US New-Home Sales Fell to Slowest Pace Since Early 2016

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Tags Gerald Lucas, real estate tips, real estate strategies, construction costs, home inventory, home sales, home prices, home building, housing starts, home affordability, local real estate markets
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