Southwest Florida Real Estate News and Market Insight
Market data, mortgage rate movement, housing policy, and property news from across the country and here at home in Collier and Lee counties. Anything that affects what a home in Naples, Bonita Springs, or Estero is worth, and what it costs to own one, is worth understanding before it shows up in your closing statement or your tax bill.
Columbus Multifamily Housing Permits Hit 7-Year High Following Major Zoning Overhaul

Multifamily permitting—the critical pipeline for new rental units—remains well below pre-pandemic levels in large U.S. cities. But a handful of major metros are bucking this trend, led by a Midwestern powerhouse where bold zoning reforms have unlocked development. Columbus, OH, has emerged as the le
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AI in mortgage lending has evolved rapidly over the past two years, shifting from curiosity and experimentation to enterprise-wide operational transformation. Michael Vandi, founder and CEO of Addy AI, has spent the past several years working with mortgage lenders as mortgage AI adoption has evolved
Read More Workflow Before Technology: Why mortgage transformation starts with governance, not AI

Mortgage lenders continue to invest in AI, automation and digital transformation despite ongoing cost pressures. Yet many organizations still struggle to achieve the returns they expected. Larry Bailey, CEO of Mortgage Workflow Partners, said the problem isn’t the technology itself. It’s that lender
Read MoreBuyer scores $2M judgment against Mandarin Oriental Boca developer

The legal troubles at Penn-Florida’s Mandarin Oriental Boca Raton continue to mount after the developer lost a $2 million judgment. A Palm Beach County Circuit Court judge sided with Douglas and Debra Jacobs after they filed a lawsuit against Penn-Florida affiliate Via Mizner Owner III, which alleg
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“Fixer to Fabulous” stars Dave and Jenny Marrs have proudly documented their impressive property-flipping careers on HGTV for nearly a decade. Yet, they now confess they wish they had kept one key aspect of their lives private: their Arkansas family home, which they regret allowing the cameras to en
Read More Late German prince’s Palm Beach home trades for $30M

A Palm Beach estate belonging to a German prince has sold for $30.3 million. The estate of the late Albrecht zu Oettingen-Spielberg, who died in November at the age of 74, sold the 4,700-square-foot home at 143 East Inlet Drive, according to public records. The buyer was 143 East Inlet LLC, which li
Read MoreEvicted Tenant Is Charged With Listing Landlord’s Home for Rent in Retaliation

A Utah woman is accused of retaliating against a former apartment manager who evicted her by listing the woman's apartment for rent. Elisa Jo Nelson, 26, of South Jordan was charged with fraudulently advertising a real estate property, a second-degree felony. She was also charged with unlawful onlin
Read MoreHigher home-care spending by states linked to greater aging-in-place outcomes

Older adults with difficulty living independently are more likely to remain in their homes when states devote a larger share of long-term care spending to home- and community-based services, according to a new study. Researchers examined whether state investments in home- and community-based service
Read MoreArt Falcone on launching AmeriCraft Homes and building hospitality-driven communities

Art Falcone — a prominent real estate developer with more than 40 years of experience in developing single-family, multifamily, hospitality, mixed-use and retail properties — recently launched a new homebuilding venture, AmeriCraft Homes. Falcone’s decision to launch a new homebuilding company duri
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The Hyannis Port home of Kathleen Kennedy Townsend—the oldest living member of the storied family—is seeking a buyer once again, after a "pending" offer on the property appears to have fallen through. Kennedy Townsend, 74, who is the daughter of former U.S. Attorney General Robert F. Kennedy and his
Read More Judge slams Russian investor who defied court orders in Trump Palace condo case

A Miami-Dade Circuit judge ordered a Russian investor to pay $2.3 million to former Russian government official Igor Zorin in a dispute over the sale of the LLC that owned a condo at Trump Palace in Sunny Isles Beach. Svyatoslav Mangushev was hit with the default judgment on July 5 after Judge Lisa
Read MoreAfter years of buyer pursuit, family sells Medley industrial portfolio for $39M

After receiving unsolicited offers from prospective buyers for years, the Artiles family gave in and sold a four-building industrial portfolio in Medley for $38.8 million. Ruben Artiles Jr. and Martha Artiles, through the Ruben and Neida Artiles Irrevocable Trust, sold the pair of warehouses at 720
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HGTV star Heather Rae El Moussa has paid touching tribute to her co-parent and close pal Christina Haack with a sweet message about their friendship—while also looking back on the many "iconic" moments they have shared. The "Selling Sunset" star, 38, took to Instagram to mark Haack's 43rd birthday b
Read More Can mortgage rates survive hawkish Fed talk during inflation week?

It’s inflation week and the continuation of the Iran conflict has complicated how the 10-year yield and mortgage rates may react to the inflation data. Even though oil prices have fallen sharply, many Fed hawks haven’t said anything positive about that change. In fact, some have even gotten more haw
Read MoreKogevinas Group joins Sotheby’s International Realty in Montecito

The Kogevinas Group has left Berkshire Hathaway HomeServices to join Sotheby’s International Realty – Montecito Brokerage, according to an announcement on Monday. Led by Nancy Kogevinas, the seven-member team was recognized as the No. 36 small team in the nation and the No. 13 small team in Californ
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The final chapter in Jennifer Lopez and Ben Affleck's failed marriage could finally be set to close—after the actress reportedly accepted an offer on the former couple's marital home, following a yearslong struggle to secure a buyer. Lopez, 56, and Affleck, 53, purchased the palatial Beverly Hills s
Read More Real Brokerage and REMAX set Aug 14 merger votes

Shareholders at both The Real Brokerage and REMAX will convene virtually on August 14 to vote on the proposed merger between the two firms, creating the Real REMAX Group. According to documents filed with the Securities and Exchange Commission late last week, Real’s shareholders will vote on the arr
Read MoreManhattan’s Pfizer Conversion Scare: How To Ensure Your Next Home Is Structurally Sound

With the country facing a housing supply crunch and no easy answers in sight, projects like the conversion of the Pfizer office buildings in Midtown Manhattan into a mixed commercial-residential complex should be well-received. Unfortunately, last week, one building was evacuated after workers foun
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For some Atlanta homeowners who live near Mercedes-Benz Stadium, the FIFA World Cup has created an unexpected opportunity to earn some extra cash—without a lot of effort. They’re using the DIBS Parking app, which connects fans in town for the games with homeowners with private parking spaces lookin
Read More NAR guidance clarifies office exclusive listings, MLS rules

The National Association of Realtors (NAR) released updated guidance last week clarifying how office-exclusive listings and pre-marketing options must operate within multiple listing services, reinforcing brokers’ duties to follow local MLS rules and the Clear Cooperation Policy. The resource, title
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