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Gerald Lucas

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2024 NJ Housing Forecast, How To Cut Home Heating Bill, US Home Sales Rise In November

January 2, 2024 Gerald Lucas

2024 NJ Housing Forecast

Real Estate Tip:

In colder months getting your home thermostat setting just right, can cut your heating bills significantly. Program your thermostat so the temperature in your home is 10-15% lower than normal while you're out of the house.

Real Estate News:

US home Sales rose .8% in November from the prior month.

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Tags Gerald Lucas, real estate tips, real estate strategies, 2024 NJ Housing Forecast, CPI, home sales, home prices, Millennials, construction costs
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End Of 2023 Tax Tip, End Of Year Real Estate Taxes Paid Reconciliation, Landlords Offer More Tenant Concessions

December 26, 2023 Gerald Lucas

End Of 2023 Tax Tip

Real Estate Tip:

If your mortgage lender pays your real estate taxes from an escrow account, make sure the real estate taxes you claim on your return matches the number on Form 1098 your mortgage lender sends you-Form 1098 will report any real estate taxes you paid.

Real Estate News:

Landlords are offering at least one concession on 30% of rental listings, the highest rate in two years.

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Tags Gerald Lucas, real estate tips, real estate strategies, Taxes, 2023, defer, tax bracket, income, year-end bonus, self-employed
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Smarter To Sell Home at End or Beginning of Year?, What A Home Is REALLY Worth, Even After Home Sales Fall, Home Inventory Falls Further!

December 19, 2023 Gerald Lucas

Smarter To Sell Home at End or Beginning of Year?

Real Estate Tip:

90% of what goes into the current value of a residential property is what similar properties have sold for in the last 6 months—so the key to arriving at the most accurate estimate of your home’s current value is getting recent sold price comparables in your neighborhood.

Real Estate News:

Despite slowing home sales, depressed home inventory levels in NJ reflect 2.0 months of sales compared to 2.4 months this time last year--a decline in available homes for sale.

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Tags Gerald Lucas, real estate tips, real estate strategies, price, net money, selling a home, overpricing, maximizing profit, sold comps, taxes
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