Southwest Florida Real Estate News and Market Insight

NBA star and former Rookie of the Year LaMelo Ball is set to make the next major move in his basketball career after he was traded to the Minnesota Timberwolves by the Charlotte Hornets, six years after the team selected him as the first overall pick in the 2020 draft. The trade will see Ball, 24, w

The U.S. Department of Housing and Urban Development is changing some rules around mortgages, aiming to make them easier for Americans to obtain. HUD announced 14 changes to its Federal Housing Administration Single Family mortgage insurance program, all aimed at reducing some of the review requirem

Gatsby Florida scored a $100.4 million refinancing for one Palm Beach County’s largest suburban office complex.  Cirrus Real Estate Partners provided a three-year, floating-rate loan to the company for DiVosta Towers in Palm Beach Gardens, a 220,000-square-foot Class A office campus at 3825 and 3835

There’s a lot going on at the start of July this year: the World Cup, America’s 250th, possibly Taylor Swift’s wedding.  But Airbnb made a pledge at the end of last year that it would start cracking down on renters who used the platform and its rentals to throw wild, disruptive parties that frustrat

JPMorgan Chase has named Doug Petno and Troy Rohrbaugh as co-presidents effective immediately — the clearest step yet in the board’s planning for an eventual successor to CEO Jamie Dimon. Dimon, who has led JPMorgan since 2006, remains as chairman and CEO. Over his tenure, he has reduced the bank’s

CoStar Group stockholders approved all proposals at the company’s annual meeting on Tuesday, including the reelection of eight director nominees and an advisory vote on a redesigned executive compensation plan, the company said in an announcement on Thursday. The vote gives CoStar leadership a gover

Qualia has expanded its wire fraud prevention platform, Qualia Shield, adding new automated verification capabilities designed to help title and escrow companies identify potential fraud during real estate transactions. Shield is integrated into the Qualia title and escrow operating system and autom

While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.

While their homebuyer commission lawsuit settlement agreements are still waiting for final approval, both HomeServices of America and Douglas Elliman notched legal wins this week in the homebuyer commission litigation saga.  In a ruling Tuesday, Florida-based District Court Judge K. Michael Moore de

By 2034, the U.S. population aged 65 and older will outnumber children under 18 for the first time in history. That demographic shift is straining systems like Social Security, healthcare—and yes, even housing. Almost 1 in 3 older households is cost burdened by their home. At the same time, younger

HGTV star Christina Haack has shared an intimate glimpse inside the group chat she shares with boyfriend Chris Larocca, ex-husband Tarek El Moussa, and his wife, Heather El Moussa—while revealing her surprise at learning her partner and former spouse recently enjoyed an impromptu "boys night" togeth

Mortgage rates ticked up Thursday, signaling that the recent U.S.-Iran peace agreement and accompanying drop in oil prices have not been enough to ease economic uncertainty. The average rate on 30-year fixed home loans advanced to 6.49% for the week ending June 25, up 2 basis points from 6.47% the p

A member of the Rent Guidelines Board (RGB) resigned ahead of its highly anticipated vote to freeze rents on the city’s more than 1 million rent-stabilized apartments. In her resignation letter, Christina Smyth all but confirmed that the board would approve a 0% increase—a marquee campaign promise o

A San Diego home with its own private grotto at the center of the living room has bobbed back onto the market for $3.4 million, offering up a truly "one-of-a-kind" opportunity to own one of the city's "most unique architectural residences." Built in 1980 by celebrated California architect Rob Wellin

For the first time since October 2022, elite New Yorker homebuyers opted for the co-op over the condominium, according to a new report. For the week ending June 21, 12 luxury co-ops priced at $4 million-plus were sold in Manhattan, versus only 10 condos, marking the first week in almost four years w

🏆 New Building: The largest new building permit issued last week was for a $130 million construction project at 3070 Southwest 37th Avenue in Miami. The permit is tied to the fourth and final tower at the Link at Douglas mixed-use development near the Douglas Road Metrorail station. Job Filing Numb

Hollywood star Josh Duhamel appears to be parting ways with his life in Los Angeles and dedicating himself to living full-time at his off-grid Minnesota cabin after listing his longtime California home for $2.99 million. Duhamel, 53, who recently welcomed his second child with wife Audra Mari, purch

🏆 Residential: The top residential sale to hit records was in Palm Beach at 226 Via Las Brisas for $28.9 million. Alvin Krongard, former executive director of the CIA, and his wife Cheryl Krongard were the sellers, originally listing the mansion for $34.5 million. They purchased the home in 2018 fo

A Swiss investment and private equity firm plans a Breitling condo tower in Brickell, The Real Deal has learned, adding to a packed pipeline of branded residences that’s set to test how much Miami’s market can absorb.  South Florida is considered the branded capital of the Western Hemisphere and sec

Tech giant Meta announced earlier this month that it's launching a workforce training academy offering free education and guaranteed jobs in the skilled trades—and the ripple effects could extend well beyond the construction sites. The America's Workforce Academy (AWA) will pilot this year in Louisi