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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Actor Brad Pitt and his girlfriend, Ines de Ramon, have at long last made their four-year romance Instagram official—mere months after they reportedly took an even bigger step in their relationship by moving in together. Pitt, 62, who does not have an official public Instagram, appeared alongside hi
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This past Fourth of July weekend was a hot one for many cities across the U.S., including Chicago where temps reached mid to upper 90s and a heat index around 100 to 105 degrees, and four people died. For some renters in the Windy City, staying cool cost more than expected. That’s because landlords
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A full evacuation was ordered Tuesday at a historic skyscraper in Midtown Manhattan, after signs of structural weakness prompted fears of a building collapse. The 37-story building was formerly home to pharmaceutical giant Pfizer's global headquarters. It is now being retrofitted into a 1,500-unit l
Read More Related Ross, Housing Trust seek low-interest loans from Palm Beach County

Palm Beach County has $81 million in low-interest loans to issue for affordable and workforce housing, and some of South Florida’s wealthiest real estate players are in line for the financing. The county commission is set to vote Tuesday on the funding, which would help finance 1,103 income-restrict
Read MoreAimco lures Daniel’s steakhouse concept to Edgewater condo project

A real estate investment trust that’s liquidating its holdings still managed to snag a high-profile restaurant lease for a condo development in Miami’s Edgewater neighborhood. Thomas and Kassidy Angelo, the father-daughter restaurateur duo behind the Michelin Guide-recognized Daniel’s, A Florida Ste
Read MoreSouth Florida’s top deals: CenterPoint offloads Miami trucking facility for $51M

🏆 Residential: The highest-priced home sale to hit records was in Coral Gables, where a trust dropped $41.6 million on a 9,100-square-foot mansion at 8565 Old Cutler Road. The seller was 8565 Old Cutler LLC, which purchased the property in 2022 for $38 million. The home, marketed as a tear down, ha
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Driven up by the ongoing affordability crisis, the national foreclosure rate reached its highest level in nearly seven years, with a handful of smaller markets, concentrated mostly in the South and Midwest, now claiming the greatest share of default listings in the U.S. Although losing a home to fo
Read More The $1,000 Inheritance at Birth—Inside Trump’s New Bet on Generational Wealth

President Donald Trump rang the opening bell of the New York Stock Exchange and Nasdaq from the Oval Office on Monday, launching one of his administration’s biggest bets on the next generation. “It’s going to go up—I think the market’s going to go through the roof,” he said as he formally rolled out
Read MoreCongress has a chance to expand affordable homeownership. It shouldn’t waste it.

America’s housing affordability crisis has reached a breaking point. Home prices remain out of reach for millions of families, apartment rents continue to climb and the dream of homeownership is slipping further away for first-time buyers, working families, seniors and young Americans. Manufactured
Read MoreWaterfront Gables Estates lot, once home to UMiami presidents, trades for $42M

The hidden owner of a waterfront lot in the exclusive Gables Estates community sold the property for $41.6 million, likely breaking even or losing money on the investment. Property records show 8565 Old Cutler LLC, managed by Logan Gans, sold the 4.6-acre property at 8565 Old Cutler Road in Coral G
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Actor Orlando Bloom's former Beverly Hills mansion is being offered up as a luxury rental, with a hefty asking price of $31,000 a month—with many of the Hollywood star's custom upgrades still found throughout the elegant and modern dwelling. Bloom, 49, snapped up the four-bedroom, four-bathroom prop
Read More Six Unlicensed Contractors Arrested in Pacific Palisades Wildfire Sting Operation

Six people have been charged with felonies after allegedly posing as licensed contractors in the Pacific Palisades wildfire disaster zone, where prosecutors say they submitted more than $1.2 million in bids for rebuilding projects, according to the Los Angeles County District Attorney's Office. A jo
Read MoreSan Diego to get more transit housing density as SB 79 row settles

San Diego has spent recent years earning a reputation as one of California’s most aggressive housing builders, streamlining permits citywide. But city leaders hesitated when state law required them to draw boundaries for new housing near neighborhood bus stops. San Diego officials proposed a far tig
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The final whistle has blown on soccer legend Cristiano Ronaldo's final World Cup—after the Portuguese captain and his team missed out on a spot in the 2026 quarterfinals following a devastating 0-1 loss to Spain in Texas. Following an incredibly tense and largely goal-less matchup between the two te
Read More Why the Fed Refuses To Give Homebuyers a Road Map for Interest Rates

A top official at the Federal Reserve has suggested the central bank should scale back the guidance it issues about future interest rates, echoing new Fed Chair Kevin Warsh's preference for a more taciturn approach. Fed Gov. Chris Waller said he's skeptical of the Fed signaling its intentions on int
Read MoreRiverside, CA, Has a Shortage of Homes For Middle-Income Earners

The dream of finding an affordable home continues to be a significant challenge for many Americans, especially those in the middle-income bracket. While the housing market might appear robust on paper, a closer look reveals a critical mismatch between available homes and what prospective buyers can
Read MoreLuxury Buyers Have Time To Wait—Sellers Are Turning to Auctions

As the national luxury market settles from its COVID-19 pandemic peak, more sellers are turning to auctions—offering an opening for the buyers who spent the boom getting outbid, priced out, or shut out of private deals. Platinum Luxury Auctions, a Miami-based firm specializing in multimillion-dollar
Read More$95M funding, USLBM deal back Higharc AI push in homebuilding

Artificial intelligence has reached homebuilding’s proving ground. Not the proving ground for a demo or a pitch deck, nor the conference-stage jumbo-screen promise that technology will transform an industry whose complexity has humbled generations of would-be transformers. It’s the real sniff test.
Read MoreTyler Herro lists Pinecrest estate after trade to Milwaukee Bucks

Tyler Herro wasted little time after being traded to the Milwaukee Bucks, and listed his Pinecrest mansion for nearly $12 million the day his trade was finalized. Herro paid $10.5 million for the 9,500-square-foot house at 12900 Southwest 63rd Avenue in late 2022. The home has eight bedrooms, eight
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Los Angeles Rams star Matthew Stafford's wife, Kelly Stafford, has shed some light on the personal struggles she faced during the earliest years of their relationship—as she desperately tried to strike a balance between supporting his budding NFL career and pursuing her own life goals. Kelly, 36, me
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