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:
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.
7 percent increase in commercial and multifamily mortgage originations in the fourth quarter of 2019 capped off what was a strong 2019 for the U.S. commercial market.
Based on a new report from the Mortgage Bankers Association, and new data from their Mortgage Credit Availability Index, U.S. mortgage credit availability decreased in January 2020.
14.5 million residential properties in the United States were considered equity-rich. Highest Equity Levels Remain in San Francisco Bay Area in Q4, 2019.
According to the National Association of Realtors, pending home sales in the U.S. fell in December 2019, taking a step back after increasing slightly in November 2019.
According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. declined 0.4 percent to a seasonally adjusted annual rate of 694,000 units in December 2019.
According CBRE's Q4 2019 Retail MarketView, the Manhattan retail market continues to make the difficult adjustment to the new realities of the retail business.
According to the National Association of Realtors, existing U.S. home sales grew in December 2019, bouncing back after a slight fall in November 2019. Although the Midwest saw sales decline, the other three major U.S. regions reported meaningful growth last month.
The National Association of Home Builders latest Remodeling Market Index (RMI) posted a reading of 58 in the fourth quarter of 2019, up three points from the previous quarter.
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.