Chuck Barberini Real Estate

Markets that lead in transparency are the ones pulling further ahead through investments in AI and technology integration, data availability, and sustainability.  That’s according to JLL and LaSalle’s (NYSE: JLL) biennial, proprietary Global Real Estate Transparency Index (GRETI), which measures market transparency to guide decisions on real estate investment, development, and occupancy across 89 countries and territories worldwide. *Note: The term “real estate transparency” refers to the availability and reliability of information about real estate markets, including data on— Property prices Transaction processes Legal frameworks Environmental impacts Market fundamentals Transparency Improvements and Regional Highlights While real estate transparency has improved, for the most part, since JLL’s 2022 report, Europe remains the most transparent. Top improvers in 2024 include India, the U.S., France, Australia, and Canada, while Singapore made the “Highly Transparent” list for the fi...

  The year 1970, school was out; after suffering through another day of parochial prison, we drug our weary selves’ home, grabbed a snack of some cookies and milk and plopped down in front of the TV to mindlessly partake in the mundane. Channel 2 Popeye or Kinko the Clown on Captain Satellite, Beany and Cecil, The Three Stooges and The Little Rascals. If we were fortunate and able to suffer through some pretty fuzzy UHF channels on 20, 36 & 44, we could watch Speed Racer, Simba the White Lion, The Flintstones or Scooby Dew. As the afternoon turned into the early evening, we were able to watch reruns of Hogan’s Heroes, Gilligan's Island, The Munsters or Batman. After Dad watched the evening news, while simultaneously reading the newspaper the family finished eating dinner at the kitchen table, we would gather around to watch our favorite shows on either ABC, NBC or CBS. Classic Comedies  - The Brady Bunch, The Partridge Family, The Waltons, The Courtship of Eddie’s Father, ...

  Shifting Into Neutral: Housing Markets Balance as Sellers Lose Ground. New Zillow research highlights the shift toward a more balanced housing market as sellers lose their advantage due to rising inventory and slowing home price appreciation. Competition for available homes has cooled faster than normal as buyers continue to struggle with affordability challenges thanks to high home prices and still-elevated mortgage rates. That said, if mortgage rates continue their general downward trend, competition could heat up as temperatures begin to cool in the fall. If this relief from mortgage rates continues, we should see more buyers restarting their hunt for a home. But although rate lock among homeowners is easing, they probably won’t be as motivated to jump back into the market and sell. With housing inventory still scarce, this improved affordability picture could reignite competition and sales as we head into the fall, or at least delay the usual post-summer cooldown. S...

  Check Out This weeks Newsletter Anytime Ivy Zelman, CEO of Zelman & Associates, appears in an interview (or webinar) to discuss the current housing market, we tune in.  So, of course, when Zelman joined two CNBC “Squawk Box” hosts for a conversation on the recent drop in rates, her comments became topic number one on Tuesday’s Hot Sheet.  If you tuned in, or you’re a Hot Sheet regular, you know the high regard in which Byron Lazine holds Zelman and her insights into the market.  She’s one of a handful of people who predicted what was going on during the lead-up to the Great Financial Crisis. She saw the housing bubble before everybody…She has some strong statements about the state of new construction right now and what opportunities buyers have in that sector. Byron Lazine “IT’S A BUYER’S MARKET FOR NEW CONSTRUCTION” The CNBC host leading the interview began with a question on home prices, asking Zelman, “Do you see any early signs of what direction that’s goin...

New reports from Redfin and Zillow highlight the growth in luxury home values and sale prices relative to non-luxury. Redfin’s report focuses more on luxury home sale prices, which rose 8.8% year over year in the second quarter of 2024, compared to a 3.8% increase for non-luxury homes that sold in Q2. The typical luxury home sold for a record $1,180,000, while the sale price for the typical non-luxury home hit a record-high median of $342,500. For its report, Redfin (like Zillow) defines “luxury homes” as those whose estimated market value puts them in the top 5% of home prices for their metro area. “Non-luxury homes” in Redfin’s analysis are in the 35th to 65th percentile for market value. The luxury market has withstood the havoc wreaked by high mortgage rates this year, thanks to an abundance of all-cash buyers. Now that sales are stabilizing and more homes are being listed for sale, it’s unlikely that luxury prices will continue to grow at quite as high a rate. Sheharyar Bokhari - ...

  Housing Inventory Hits New Post-Pandemic High Realtor.com® just released its July Housing Report—with good news for buyers.  For one, active listings have reached a post-pandemic high, climbing 36.6% in July compared to the same time last year.  Meanwhile, the share of for-sale listings with price cuts has increased to 18.9%, the highest share recorded since October 2023.  That’s the type of news we know you want to share with consumers in your market—which is why we’ve included it in this week’s BAMx in a Box templates. (For those who don’t know, BAMx releases social media templates, video scripts, a blog and an email every Friday.) Here’s a sneak peek of one of the social templates in today’s release:  INVENTORY REACHES POST-PANDEMIC HIGH Active listings in July grew by 36.6% relative to the same time in 2023, marking a new post-pandemic high and increasing the number of housing options for today’s buyers.  The inventory scars of the pandemic-era housin...