Southwest Florida Real Estate News and Market Insight

A Boca Raton mansion in the Royal Palm Yacht & Country Club led Palm Beach County’s luxury market last week, landing a contract with a $19 million asking price.  Buyers signed 13 contracts totaling $73 million in asking dollar volume between July 6 and July 12, according to a weekly report by Dougla

The Ritz-Carlton Residences, Estero Bay boasts water views in the Sunset Lounge. Rendering courtesy of The Ritz-Carlton Residences, Estero Bay The Ritz-Carlton Residences is celebrating a big win in Southwest Florida. London Bay Development Group opened the first residential tower of The Ritz-Carlto

🏆 Residential: The top home sale was on Star Island, where Sean Combs, aka P. Diddy, offloaded an 8,000-square-foot property at 1 Star Island Drive. The buyer was JFStar LLC, led by John A. Franklin of Virginia Beach, who purchased the six-bedroom, eight-and-a-half-bathroom home for $55 million. Th

Nantucket, a former whaling hub in Massachusetts that's roughly 14 miles long and averages 3.5 miles in width, reserves 50% of the island for conservation, putting it off-limits to future development. Consequently, land and homes on the tiny island come at a steep premium, earning what used to be a

Large swaths of the United States have had to deal with sweltering heat waves since March of this year. And this week, from Salt Lake City to Boston, people are living under extreme heat warnings once again. But one metro area is almost guaranteed to stay cool, at least relative to other major citie

Florida-based PTM Partners and Peacock Capital launched Inception Housing, a platform designed to deliver lower-cost housing without relying on government aid.  The venture targets middle-income renters earning between 80 and 120 percent of the area median income, cutting development costs by handli

To see our latest updates on the Nancy Guthrie case, please click here. Six months after "Today" show star Savannah Guthrie's 84-year-old mother, Nancy Guthrie, was abducted from her Arizona home, true-crime enthusiasts are actively disrupting the investigation. According to newly released court doc

The Knox School stands on 40 waterfront acres overlooking Stony Brook Harbor. Soon, the century-old campus could also overlook a 140-foot cell tower. The telecommunications company behind the project says it’s needed to close a gap in wireless coverage in Nissequogue, a small village on Long Island’

The majority of aging condo buildings requiring the most work in the years since the deadly Surfside condo collapse are located in South Florida, a new report shows.  The state’s Office of Program Policy Analysis and Government Accountability compiled and analyzed data collected by the Department of

Taylor Frankie Paul has reflected on her role in the ongoing "MomTok" fallout as she prepares to return for another season of "The Secret Lives of Mormon Wives." The 32-year-old reality star took to Instagram to acknowledge that she made mistakes amid the bitter feud with her co-stars, explaining th

Compass International Holdings has filed Code of Ethics complaints against Zillow, the brokerage firm confirmed to HousingWire on Tuesday.  According to a Compass spokesperson the complaints, which allege that Zillow has made false advertising claims, spans 26 states, 55 MLSs and 30 Realtor associat

Progress Residential, one of the nation’s largest owners of single-family rental homes, landed a $384.7 million refinancing backed by a multi-state residential portfolio that includes homes in Broward County. Goldman Sachs Mortgage Company provided the loan to the Scottsdale, Arizona-based landlord

Luxury real estate group TFG International is following its clients east as wealthy Californians plant flags in South Florida.  The group, co-founded by broker Tomer Fridman, is establishing a presence in Miami through ONE Sotheby’s International Realty to create a bi-coastal operation connecting th

North Texas Real Estate Information Systems, Inc. (NTREIS) has named Joey Bandemer vice president of data governance and customer experience, the MLS said in an announcement on Tuesday. The MLS said the hire is the latest step in a broad modernization effort at NTREIS under CEO Chris Carrillo, who t

A Southern California family is embroiled in a legal battle with their homeowners association after raising the height of their property fence to protect their pet goats from coyote attacks.  Earlier this year, the Nellie Gail Ranch HOA filed a lawsuit in Orange County Superior Court attempting to f

United Wholesale Mortgage (UWM)’s 2021 move to bar its broker partners from also sending loans to Rocket Mortgage drove an average price decrease of 5 basis points per loan at companies not targeted by the policy, according to a new academic paper. The analysis, conducted by Spencer Stone of the Uni

After exchanging post-hearing briefs late last week in their ongoing antitrust dispute, Zillow, Midwest Real Estate Data (MRED) and Compass filed replies to each others’ briefs on Monday.  In briefs filed last Thursday, Zillow alleged an “unlawful conspiracy” to cut off its access to Chicagoland lis

Stockton Mortgage recently announced that it has appointed Christy Soukhamneut as its new chief strategy and innovation officer. Soukhamneut brings more than 20 years of executive leadership experience across independent mortgage banks, banks and credit unions — including prior roles with University

Federal banking regulators on Monday issued guidance to remind financial institutions of their existing obligations for managing credit risk when lending to borrowers who are not legally authorized to work in the U.S. The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance

Federal Reserve Chairman Kevin Warsh acknowledged elevated mortgage rates are holding back the housing market, as he delivered his first congressional testimony since taking office in May. "The economy is solid. Financial markets look like they're in very good condition. But when we look at housing