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:
Single-family starts showed continued growth in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units.
According to the National Association of Realtors, pending U.S. home sales in August 2020 continued to move upward, marking four uninterrupted months of positive contract activity.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending September 18, 2020, U.S. mortgage applications increased 6.8 percent from one week earlier.
According to a new report by Redfin, U.S. median home sale prices increased 13% from August 2019 to $319,178--the highest on record. This 13% year-over-year increase was the largest since October 2013.
U.S. home builder confidence in the market for newly-built single-family homes increased six points in August 2020. HMI stands at highest reading in the 35-year history of the series.
According to the Mortgage Bankers Association's latest Mortgage Credit Availability Index, U.S. mortgage credit availability increased in July 2020. The MCAI rose by 1.5 percent to 126.9 in July.
According to New York-based Rudder Property Group's biannual office condominium report for the first half of 2020, Manhattan office condo sales significantly declined in the first half of 2020, as sales prices dipped.
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.
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.