David Barley, Guest News Contributor
David Barley is a freelance real estate journalist who also has significant real estate transactional experience as the President and Broker of Palm Beach Land Trust.
Since the firm’s inception in 1969 on Worth Avenue in Palm Beach, David has been involved with:
In addition, David is a past board of director of bio med company in Baton Rouge that spear-headed an assignment to establish legal and government relationships in Geneva and Zurich for last two years.
Average home prices across the United States have bounced back to 2003 levels, but are still down as much as 29 percent from the peak level of 2006, according to the latest S&P/Case Shiller Home Price Indices.
U.S. home buyers better lock in their mortgage rates while they can. After months at basement levels, mortgage rates are starting to rise again--a trend that may continue for months ahead.
U.S. private equity group Cerberus has bought a £325 million ($498.8 million) portfolio of underperforming commercial property loans from Lloyds Banking Group, as British banks try to shed bad property deals.
Second home sales in Italy rose by 14 percent last year, with Germans accounting for 40 percent of the transactions. In contrast, overall, residential sales in the country dropped almost 26 percent last year
The game of can-you-top-this is now in Dubai's court. With construction moving forward on the one-kilometer Kingdom Tower in Jeddah, Dubai is facing the very real possibility that the 828-meter-tall Burj Khalifa will no longer be the world's tallest building.
Record low interest rates on home mortgages have not been enough to spark home sales in France. Sales of existing homes dropped 12 percent in 2012, compared to 2011 - a trend that has continued into 2013.
A new 420-apartment development in Dublin is for sale with a price tag of €70 million, the largest sale of a distressed residential complex in the city. Clancy Quay, which overlooks the River Liffey, is an ambitious 13.5-acre development led by builder David Kennedy.
U.S. foreclosure filings were down 23 percent in March from a year earlier, providing more evidence that the housing market is stabilizing. First quarter foreclosure numbers were at the lowest point since the second quarter of 2007.
The number of foreclosures completed in the United States fell 19 percent in February from a year earlier, providing further evidence that fewer homeowners are defaulting on their loans. The 54,000 foreclosures in February were down from 67,000 in February 2012.
Expansion will bring a new focus for a Dubai shopping mall known to cater to the city's growing Chinese population. The expanded Dragon Mart mall will strive for an equal mix of international and Chinese retailers, Omar Khoury, director of the mall, told reporters last week.
Panama's government is planning to sell a 54-hectare swatch of prime coastal property in the Panama province of Cocle. The land in Juan Hombrón, in central Panama. was the subject of controversy when ownership was assigned to ...
The average daily rate for a hotel in Dubai jumped 7.9 percent in 2012, thanks to a steady roster of conventions and events in the city, a new report says. Visitors to Dubai can now expect to pay an average of $234.99 for a hotel room.
Not all neighborhoods suffered during the economic crisis. Forbes Magazine set out to determine the most affluent neighborhoods in the United States, and some of the answers might surprise people. The richest neighborhood in the country is, drumroll please... Chevy Chase Section Five, Maryland, the Washington D.C. suburb, where the median household income is $250,000, the magazine found. That is a 67 percent increase from the neighborhood's $100,000 median income in 2000.
Prices for homes in Las Vegas rose 24 percent in the last year, the largest increase since 2004, the Greater Las Vegas Association of Realtors reported today. The increases were primarily fueled by fueled primarily by a rise in demand and decreases in houses available for sale, the association said. Bankers are also foreclosing on less homes in Las Vegas, which was particularly hard hit by the housing collapse.
How much living space do you really need? Forget all that room for frivolous furniture and dinner parties. A California company argues that so-called "micro-apartments" offer all the space people really need. The company, Smartspace, is offering 300-square-foot apartments in San Francisco priced at $1,600 a month. In ultra-expensive San Francisco, that is considered a good deal.
Online real estate site Zillow reported a 16.6 percent drop in listings in February from a year earlier, providing further evidence of the shrinking inventory of available homes in the United States. The largest year-over-year decreases in inventory in February were among more expensive homes, with the availability of top-tier properties falling 20.5 percent, Zillow says. Of the areas studied, only five metro areas showed an increase in inventory: El Paso, Texas;; Albuquerque;; Little Rock, Ark;; Fort Myers, Fla; and Youngstown, Ohio.
Hotel operators in the Americas posted strong gains in January, reporting a 3.3 percent increase in occupancy to 51.3 percent, STR Global Reports. The region--including United States, Brazil, Mexico, Panama and Canada--also showed gains in other key metrics, including a 4.8 percent gain in average daily rate and an 8.3 percent uptick in revenue per available room.
A new wave of government regulations intended to dampen China's fast-growing property market sent property-related stocks tumbling today to the lowest levels in five years. On Friday China's government implemented new rules tightening the 20 percent capital gains tax on home sales and imposed new restrictions on home buying and loan rates for second homes.
The Las Vegas Sands Corp. issued a statement this morning denying media reports suggesting the company acknowledged violating bribery laws. Coverage of the he hotel and casino company's most recent SEC filing focused on a line in the financials that said,
The number of mortgage applications in the United States dropped 3.8 percent from previous week for the week ending February 22, according to the latest data from the Mortgage Bankers Association. It was the third consecutive week of declines.
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