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Gerald Lucas

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Better To Buy A New Home Or Pre-Existing Home?, How To Avoid The Unique Property Trap, US Homes Sales Move In August

October 1, 2024 Gerald Lucas

Better To Buy A New Home Or Pre-Existing Home?

Real Estate Tip:

Unique properties are often harder to sell because they generate lower demand and appeal to a smaller percentage of potential buyers.

Real Estate News:

U.S. home sales fell 4.7% in August, hitting the slowest pace in nearly a year.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage rates, pre-existing home, newly constructed homes, fixtures, property taxes, mortgage rate lock
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How The Fed’s Big Rate Cut Will Affect Real Estate, Tip To Save Money On Homeowner Insurance, How Big Was The Fed's September Rate Cut?

September 24, 2024 Gerald Lucas

How The Fed’s Big Rate Cut Will Affect Real Estate

Real Estate Tip:

If you can afford to raise your deductible, you could save 25% or more on your homeowner's insurance premium.

Real Estate News:

On Wednesday September 18th, The Federal Reserve enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates.

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Tags Gerald Lucas, real estate tips, real estate strategies, Federal Reserve, mortgage rates, housing supply, home buying power, home sales
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How Much Will You Make On An Airbnb Listing?, The Most Important Factor In Accurately Valuing A Home, Astounding Home Mortgage Rate Insight

September 17, 2024 Gerald Lucas

How Much Will You Make On An Airbnb Listing?

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:

More than 85.7% of homeowners with mortgages have a rate below the current weekly average of 6.46%, prompting many to stay put instead of selling and buying another home at a higher rate—a phenomenon called the “lock-in effect.”

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Tags Gerald Lucas, real estate tips, real estate strategies, Airbnb, short term rental, local laws, occupancy rates, VRBO, supply and demand, Return on investment, ROI
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