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.
MISMO updates mortgage insurance data guide for VantageScore 4.0 and FICO 10T

The Mortgage Industry Standards Maintenance Organization (MISMO) has updated its Mortgage Insurance Implementation Guide to incorporate data requirements for VantageScore 4.0 and FICO 10T, the Mortgage Bankers Association (MBA) subsidiary announced Thursday. The guide provides a standardized data fr
Read MoreAmerica 250 is a turning point for American homeownership

When Americans think about infrastructure, they think about roads, bridges and broadband. But they should also think about housing. A home is the foundation from which families build their lives: where children grow up, neighbors become communities and one generation creates new opportunities for th
Read MoreFormer employee works toward settlement in Zillow job discrimination suit

Former Zillow employee Samuel James Herrera has notified a Denver-based U.S. District Court that he and his former employer are working toward a settlement in his job discrimination lawsuit. On Wednesday, Herrera, who calls himself “a day-one Zillow employee,” notified Judge Regina Rodriguez, who i
Read MoreStudent loan plan phase-out could tighten mortgage affordability

As of July 1, more than 7 million federal student loan borrowers have 90 days to transition to a new repayment option as the Biden administration’s SAVE income-driven repayment plan is officially phased out. The program, launched in 2023 to lower monthly payments and accelerate loan forgiveness for
Read MoreCompass International Holdings rolls out Home Platform across brokerage brands

Compass International Holdings, is rolling out its AI-powered Home Platform across its company-owned brokerage brands, marking what the company calls the largest technology deployment in residential real estate history, according to an announcement on Thursday. The firm said the deployment comes le
Read MoreTitleEase accelerates growth as franchise model gains traction

TitleEase is gaining momentum as demand grows for its franchise-based title insurance model — backed by a recent capital raise, strategic acquisitions and an expanding pipeline of real estate and mortgage partners. The company completed a capital raise that closed at the end of May, with funding sla
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An Oregon estate that prominently featured alongside Bruce Willis, Billy Bob Thornton, and Cate Blanchett in the 2001 crime-comedy hit “Bandits” has hit the market for $3.99 million. Set on 1.56 acres in the esteemed community of West Linn, the property boasts stunning panoramic views of the Willame
Read More High-end camping and a capital raise: AutoCamp is banking on summer travel to fuel growth

AutoCamp offers Airstream suites, polished cabins, fire pits, design-forward amenities and access to iconic outdoor destinations.
Read MoreMortgage Rates Post Biggest Drop in 2 Months in Independence Day Boost for Buyers

Mortgage rates dropped substantially Thursday, as falling oil prices and the tentative U.S.-Iran peace deal pushed long-term borrowing rates lower. The average rate on 30-year fixed home loans fell to 6.43% for the week ending July 2, down 6 basis points from 6.49% the previous week, according to Fr
Read MoreManhattan Luxury Market Booms Despite Mayor Mamdani’s New Tax on Second Homes

Despite New York City's first ever pied-à-terre tax on upscale properties worth over $5 million, the city's luxury real estate sector remains unbowed—in fact, it is booming. The tax championed by Mayor Zohran Mamdani went into effect July 1, but Manhattan's luxury market continues to outperform, wit
Read MoreREVEALED: Taylor Swift and Travis Kelce’s Wedding Date

Travis Kelce and Taylor Swift have reportedly secured a wedding date and will allegedly be saying "I do" ahead of NFL training camp in New York City's iconic Madison Square Garden. After revealing that he was returning to the Kansas City Chiefs for another year—and that Swift helped him make his dec
Read MoreLandlord seeks bankruptcy in Miami over “blighted” New Orleans housing

A Miami-based company filed for bankruptcy amid a yearslong legal battle over the redevelopment and demolition of a vacant New Orleans affordable housing complex. Granaio LLC, which is owned by Joshua Bruno, petitioned for Chapter 11 reorganization in Miami federal court on June 24, listing $37 mill
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Former Memphis Grizzlies player Ja Morant has quietly listed a Miami property that he purchased just five months ago—putting the property on the market for $3.35 million, just days before it was reported that he has been traded to the Portland Trail Blazers. Morant, 26, who is a two-time NBA All Sta
Read More Hit Songs to High-End Homes: Inside Taylor Swift’s Real Estate Portfolio

Taylor Swift has once again found herself at the center of the cultural conversation, with fans eagerly following every new development in both her career and her high-profile nuptials with Travis Kelce. The latest wave of speculation centers on rumors that the couple could be set to tie the knot on
Read MoreJacksonville, FL, Has a Shortage of Homes for Middle-Income Earners

The dream of homeownership can feel increasingly out of reach for many Americans, especially those in the middle-income bracket. While the housing market might appear robust on the surface, a closer look reveals a significant disconnect between available homes and what everyday buyers can actually a
Read MoreHiring Slows Dramatically in June in Warning Sign for Summer Housing Market

June saw the U.S. economy add just 57,000 new jobs, falling well short of economists' expectations, even as the national unemployment rate retreated slightly to 4.2%. According to the latest report from the Bureau of Labor Statistics released Thursday, nonfarm payroll growth last month came in signi
Read MoreCodina, MICL Global plan Tribute hotel in maturing Downtown Doral

Codina Partners is teaming up with an India-based developer to bring a Marriott-branded boutique hotel to its Downtown Doral mixed-use development. The Coral Gables-based developer and Mumbai-based MICL Global filed plans with the city for an eight-story Tribute hotel, a Marriott International bouti
Read MoreSee Dear Evan Hansen in Naples

Photo courtesy of Michael Lee Brown The Naples Performing Arts Center (NPAC) is giving youth a place to shine this summer in the hit musical Dear Evan Hansen. Award-winning performer Michael Lee Brown played the lead role on Broadway and is directing the play at NPAC for high school students and you
Read MoreSouth Florida’s top deals: Palm Beach home sells for $21M

🏆 Residential: The top home sale to hit records was in Palm Beach at 242 Wells Road for $21 million. Andrew Krebs Boszhardt and his wife Victoria Louise Yeager were the buyers. Maxberry Limited was the seller. The home spans nearly 6,000 square feet with four bedrooms and six and a half baths. Paul
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Environmental groups are suing to stop a potential land deal between SpaceX and the federal government, which they say could destroy wildlife habitats in southern Texas. The legal challenge comes after Elon Musk's SpaceX made its massive public stock market debut in June, with an offering valuing th
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