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Gerald Lucas

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How Recent Bank Failures Affect Housing, Home Inspector Due Diligence, NJ Home Prices Moderated In 2022

April 4, 2023 Gerald Lucas

How Recent Bank Failures Affect Housing

Real Estate Tip:

Check references and get a sample inspection report before you hire a home inspector to inspect a home you plan to buy.

Real Estate Insight:

NJ home prices increased only 4% in 2022 after a 16% increase in 2021 and a 12% increase in 2020.

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Tags Gerald Lucas, real estate tips, real estate strategies, bank failures, SVB, Signature
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Spring Housing Forecast 2023, Attorney Specialists vs. Generalists, How Housing Starts Exploded In 2002

March 28, 2023 Gerald Lucas

Spring Housing Forecast 2023

Real Estate Tip:

Select a real estate attorney that specializes in real estate rather than a jack of all trades.

Real Estate Insight:

Multi-familiy housing starts hit a near 40 year high in 2022

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage interest rates, Spring Housing Forecast 2023, mortgage bankers association
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Price Points Where NJ Homes Are Becoming More Affordable, How Landlords Should Monitor Their Local Rental Market, Bank Closures Push Mortgage Rates Down

March 21, 2023 Gerald Lucas

Price Points Where NJ Homes Are Becoming More Affordable

Real Estate Tip:

Buy property that is consistent with other property in the neighborhood. It's smarter to buyer the cheapest rather than the most expensive house in an acceptable neighborhood-this increases the odds that your property value will increase and often makes it easier for you to sell.

Real Estate Insight:

Declines continue into 2023 for NJ home sales with a 19% drop in January & another projected decline of 15% in February.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage interest rates, home prices, residential property valuation, real estate market
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