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 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.
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.