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.
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While centuries-old homes are a rare find on the housing market, it is even rarer to come across a dwelling that boasts not only more than 100 years of history—but also an incredible story of survival and rebirth. But that is exactly the kind of unique abode currently on offer in Pennsylvania in the
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Most people can’t imagine walking away from a stable 9-to-5 career in order to run their own business. In fact, for many, turning a passion project into a full-time job will never be more than a dream. But sisters Kristen and Kathryn Groom aren’t most people. Today, the two siblings are living out
Read More As Major Housing Bill Becomes Law, Congress May Eye Other Reforms Ahead of Crucial Midterms

Lawmakers hope the bipartisan momentum brought by a new landmark housing package will bolster the odds of Congress passing more laws aimed at improving housing affordability. After a roller-coaster ride that included six months of congressional negotiation and brinksmanship by President Donald Trump
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Real estate agents are ethically obligated to leave personal interest at the door when helping their client buy or sell property, but what happens when the perfect house hits the market, and an agent involved in the transaction is eyeing it for themselves? This dilemma took center stage in Austin,
Read More Trump didn’t sign it, but the 21st Century ROAD to Housing Act is now law

After months of deliberation, delays and drama, the 21st Century ROAD to Housing Act has finally crossed the finish line. The legislation, aimed at cutting red tape and making homeownership more attainable, is now the law of the land after President Donald Trump declined to sign or veto the bill be
Read MoreNew York Giants co-owner buys penthouse in complex with NFL ties

New York Giants co-owner Daniel Tisch and his wife, Bonnie Tisch, dropped $12.5 million for a penthouse in Palm Beach. The Tisches bought the 4,600-square-foot unit in the Leverett House at 110 Sunset Avenue from attorney and novelist Gary Lachman. The deal worked out to about $2,700 per square foo
Read MoreKolter boosts North Beach assemblage with $18Min condo units

The Kolter Group paid $18.2 million for two ground-floor commercial condo units and 10 residential condos in Miami Beach’s emerging North Beach neighborhood, near the historic waterfront Normandy Plaza Hotel it purchased with BH Group earlier this year. The Delray Beach-based developer dropped $14.4
Read MoreCentury 21 COO says M&A activity fueled by growing tech demands

Century 21 is riding a wave of franchise acquisitions and merger activity — a trend Chief Operating Officer Greg Sexton says is driven by the escalating demands of real estate technology. Sexton, who has spent more than two decades with the company, said the aggressive push into mergers and acquisit
Read MorePlaintiffs oppose Veterans United motion to dismiss amended RESPA class-action suit

Fifteen named plaintiffs allege that Veterans United Home Loans — the nation’s largest lender of Department of Veterans Affairs (VA) mortgages — ran an illegal kickback and steering scheme that funneled borrowers into overpriced loans. The accusations were reiterated Thursday in court filings as the
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A fashion designer whose work was behind one of Hollywood's most unforgettable movie moments is now preparing to say goodbye to another piece of her Los Angeles legacy: a stunning Beverly Hills retreat that she has called home for decades. Dina Bar-El, a couture designer celebrated for dressing coun
Read More Rechat’s Testimonials tool turns client praise into marketing content

Rechat has launched Testimonials, a new feature that enables real estate agents to collect, manage and use client reviews directly within the Rechat platform. The feature is integrated alongside contacts, transactions and marketing tools, allowing testimonials to automatically populate marketing mat
Read MoreBlackstone affiliate sells former Sun Sentinel printing site for $65M

A Blackstone affiliate cashed out on the former Sun Sentinel printing press site in Deerfield Beach, selling the industrial warehouse for $65 million. An entity tied to Link Logistics and a Blackstone subsidiary sold the 383,000-square-foot property at 333 Southwest 12th Avenue to an entity tracing
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“Landman” actress Ali Larter has made clear that she has no regrets about swapping Los Angeles for a remote family home in Idaho—sharing a series of photos of an idyllic weekend she spent with her loved ones at her mountain retreat. Larter, 50, relocated to Sun Valley, ID, from California with her h
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Acclaimed actress Helen Mirren is giving buyers another chance to own a piece of her own illustrious Hollywood history—this time with a multimillion-dollar discount. The Academy Award-winning star and her husband, director Taylor Hackford, have relisted their longtime Hollywood Hills estate for just
Read More Related Ross appointment fires up West Palm Beach development debate

West Palm Beach residents are pushing back after the city commission appointed a Related Ross executive to the Downtown Development Authority. The appointment of Jordan Rathlev, an executive vice president at Related Ross, added fuel to an ongoing debate over downtown development, as residents deman
Read MoreWe Built Our Texas Home Out of Sand and Straw—and We Rarely Need Air Conditioning

For most of her adult life, Arielle Crawford focused on sustainability and holistic living. She taught sustainable manufacturing at the Fashion Institute of Technology in New York City, and made sure to eat organic foods and wear natural, breathable fibers whenever possible. Still, didn’t give much
Read MoreFlorida Congresswomen Revive Bipartisan Bill To Help Reduce Costs for Condo Owners

A new bipartisan bill in Congress aims to improve the financing environment for condominium associations to make structural repairs. Democratic Rep. Debbie Wasserman Schultz and Republican Rep. María Elvira Salazar, both of Florida, reintroduced the Making Condos Safer and Affordable Act. It had a f
Read MoreAmerican Real Estate Association warns Missouri ballot measures could raise homeownership costs

The American Real Estate Association (ARA) is joining the Missouri Association of Realtors and a coalition of organizations opposing Amendments 4 and 5 on Missouri’s Aug. 4 statewide ballot. Amendment 5 would authorize the state legislature to expand sales taxes to a wide range of goods and services
Read MoreCharles Cohen revives West Palm office project after resolving site foreclosure

Charles Cohen has set in motion a restart of his long-planned 400,000-square-foot office building in downtown West Palm Beach, after resolving a foreclosure lawsuit on a $10 million loan on the site. New York-based Cohen Brothers Realty plans the 25-story West Palm Point with ground-floor retail sp
Read MoreHousing affordability is improving as wages outpace home-price growth

Existing home sales came out yesterday showing slight year-over-year growth, but the headlines were all about home prices at an all-time high. However, most people weren’t focused on the fact that wages have been outpacing home prices for some time now, which is a positive. Yesterday I went on Yahoo
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