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.
In addition, David has significant international real estate experience handling dozens of foreign commercial transactions over the last 40 years.
Since the firm’s inception in 1969 on Worth Avenue in Palm Beach, David has been involved with:
According to the National Association of Realtors, U.S. pending home sales mounted a record comeback in May 2020, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic.
Freddie Mac's latest Multifamily Apartment Investment Market Index rose by 1.8% in Q1 2020 after a modest quarterly decline (1.4%) in Q4 2019.
Single-family homes rose 16.6 percent to a seasonally adjusted annual rate of 676,000 units in May 2020 from a downwardly revised reading in April.
U.S. builder confidence in the market for newly-built single-family homes increased seven points to 37 in May 2020. The rise follows the largest single monthly decline in the history of the index in April 2020.
Driven by Coronavirus Remote Working Trends. A new Zillow survey suggests housing preferences could be upended in a post-pandemic America, leading to major questions about the future of dense metro cores.
Despite economic disruptions caused by COVID-19, industrial construction is continuing in the majority of major U.S. markets.
According to the latest National Association of Home Builders / Wells Fargo Housing Market Index (HMI) released this week, U.S. builder confidence in the market for newly-built single-family homes plunged 42 points in April to an HIMI reading of 30 points.
More than three-quarters of U.S. renters could pay one month's worth of housing expenses with the $1,200 coronavirus stimulus check.
The total number of U.S. loans in forbearance jumped from 2.73% to 3.74% during the week of March 30 to April 5, 2020.
Zillow research now reports that new U.S. listings dropped significantly this March 2020, and early in April as the coronavirus pandemic took hold.
Ireland property portal Daft.ie's newly released Property Sales Report says the number of homes listed for sale in Ireland has fallen dramatically, in the wake of the Covid-19 pandemic and the restrictions of everyday life.
Zillow research is now reporting that American renters who work in food and retail industries can find themselves spending 40% of their annual income on housing costs if they are unable to work for two months
According to the National Association of Realtors, U.S. existing-home sales climbed substantially in February 2020 after a slight decline in January.
According to the latest quarterly National Association of Home Builders' Home Building Geography Index, nearly two-thirds of multifamily construction in the fourth quarter of 2019 occurred in "blue counties" where Hillary Clinton garnered the most votes in the 2016 election.
CoreLogic's latest Home Price Index is reporting this week that U.S. home prices nationwide rose both year over year and month over month in January 2020. Home prices increased nationally by 4% from January 2019. On a month-over-month basis, prices increased by 0.1% in January 2019.
About half U.S. opportunity zones, where there was sufficient sales data, saw median home prices rise more than the national increase of 9.4 percent from the fourth quarter of 2018 to the fourth quarter of 2019.
According to the U.S. Housing and Urban Development and Commerce Department, total housing starts decreased 3.6 percent in January 2020 from an upwardly revised December 2019 reading to a seasonally adjusted annual rate of 1.57 million units.
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes edged one point lower to 74 in February 2020.
CoreLogic's latest Single-Family Rent Index (SFRI) shows a national rent increase of 2.9% year over year in December 2019, down from 3% in December 2018.
Based on a new market report by RedFin, U.S. new-home sales rose 8.8% year over year in the fourth quarter of 2019, the biggest gain in more than two years and the third-consecutive quarter of increases, driving continued depletion of inventory in the market.