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.
Just don’t: Why AI-generated marketing content is a regulatory minefield for mortgage lenders

Marketers have long used endorsements and testimonials in their ads. Even though it goes by multiple names, this is a playbook dating back centuries. You have something to sell. You borrow the trust of a known personality. You sell more product. For years, influencer marketing and user-generated c
Read MoreMany older Americans stuck in homes that no longer fit

The nation’s housing shortage is often framed as a challenge for first-time buyers and growing families. But another group is increasingly feeling the impact — older homeowners who want to downsize yet find themselves with few practical options. Across the country, many seniors remain in large famil
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A condo located inside a historic New York building that was built as a tool factory in 1865 and later used as a Civil War-era munitions foundry has hit the market for $2.1 million—complete with a terrace that houses the structure's original smokestack. The Brooklyn warehouse, originally built as a
Read More “Reckless”: George Pino breaks down at start of his manslaughter trial over 2022 boat crash

George Pino experienced an emotional breakdown during the first day of his trial on manslaughter and vessel homicide charges in connection with the 2022 boat crash that killed a 17-year-old girl. Pino sobbed and heaved shortly after his defense lawyer Howard Srebnick began his opening statement on
Read MoreMiami-Dade Invokes Eminent Domain To Seize Land on Ultraexclusive Fisher Island

Miami-Dade, FL, is invoking eminent domain to seize control of a ship fueling terminal on the ultraexclusive Fisher Island, escalating a highly contentious multimillion-dollar real estate dispute with luxury condominium developers. Miami-Dade County Mayor Daniella Levine Cava said in a statement Fri
Read MoreSouth Florida’s top deals: Finance exec sells Surf Club condo for $27M

🏆 Residential: The priciest home sale logged in South Florida was in Surfside, where financier Todd Green parted with a condo at the Four Seasons at The Surf Club at 9111 Collins Avenue for $27.3 million. A trust purchased the condo, which Green paid $12.4 million for in 2017. The four-bedroom, fou
Read MoreClass Valuation adds Makena InstaPlan ahead of UAD 3.6 shift

Class Valuation has partnered with Makena to provide appraisers with new mobile data-collection tools ahead of the mortgage industry’s transition to the Uniform Appraisal Dataset (UAD) 3.6 standards later this year. The appraisal management company announced last week that appraisers working through
Read MoreMay rent trends run sideways as multifamily supply stays strong

Policymakers have been making the case that more supply is a better check on housing costs than rent stabilization. May apartment rental data backs up that narrative. Rents ticked up modestly last month, the fifth consecutive month of sequential growth. But May’s reading was the lowest for that mont
Read MoreMortgage and real estate battle for the top of the funnel

Like many mortgage professionals, Vipul Hapani can see the wave of industry consolidation forming on the horizon and knows it is only a matter of time before it reaches his shores. As the broker-owner of Waxhaw, North Carolina-based Vema Mortgage—the third-largest brokerage originator in the U.S. in
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Rob Gronkowski may be known for his larger-than-life personality, Super Bowl rings, and party-boy reputation, but the NFL legend has revealed that when it comes to money, he has been surprisingly conservative. Today, the player-turned-Fox-Sports-analyst has an estimated net worth of $45 million, inc
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New Kids on the Block star Jonathan Knight knows what it takes to be part of a nostalgic act staging a successful comeback, but ahead of hosting the reboot of “Crashers,” HGTV's classic ambush-style renovation show, the veteran performer still got some backstage jitters. The 57-year-old NKOTB member
Read More HUD pilots robotics-built housing and automated permitting

A pair of ultra-modest, little-noticed funding opportunities from the U.S. Department of Housing and Urban Development may signal a new strategy taking shape in Washington. The Builder’s Daily has learned that HUD recently opened applications for two new demonstration programs totaling $13 million t
Read MoreBoomers Selling Longtime Homes Would Get Tax Holiday on Their Profits Under New Bill

Baby boomers looking to sell their long-held homes would get a temporary reprieve from taxes on their profits under a new bill to create a three-year tax holiday. Rep. Nicole Malliotakis' new "Nest Egg Protection Act," H.R. 9064, proposes raising the capital gains tax exclusion for people over 65 wh
Read MoreHousing Notes: Thoughts about eliminating Florida property taxes

We are excited to announce that Jonathan Miller, who has long authored the most authoritative report on the residential real estate market, is partnering with The Real Deal. Below, you’ll find his Housing Notes column, which will now run on our site several times a week. In addition, Miller’s quarte
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Imagine having easy access to fresh produce right outside your home. With a community garden, that can become your reality. As long as you and your neighbors are on board, everyone can enjoy fresh fruits and veggies, better curb appeal, and stronger community ties. “Our community garden has become
Read More Wellness-focused Coral Gables condo project nabs $68M construction loan

Constellation Group and the Boschetti Group scored a $67.5 million construction loan for a wellness-focused condo project in Coral Gables two months after breaking ground. BHI provided the financing for Cora Merrick Park, a 74-unit luxury condo development at 4241 Aurora Street, across from Shops a
Read MoreAirlines find the grass isn't always greener with new engines

Airline CEOs complained that manufacturers aren't making enough of their engines and that they're falling short on reliability.
Read MoreTop agent Kris Zacuto joins Christie’s International Real Estate Southern California

Christie’s International Real Estate Southern California has expanded its presence in the Silicon Beach and South Bay luxury markets with the addition of luxury real estate adviser Kris Zacuto as director of luxury estates. Zacuto brings more than a decade of experience in luxury real estate and mor
Read MoreMiami commission to revisit $80M plan to redevelop neglected Virginia Key marinas

Miami commissioners could breathe new life into a waterfront redevelopment plan that’s been tied up in lawsuits and political fights for nearly a decade. The Miami City Commission will determine at its meeting on Thursday whether to have residents vote on an $80 million proposal to redevelop the Vir
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Gymnast Simone Biles has revealed that she "almost" died from an undisclosed medical emergency that she suffered while her husband, NFL player Jonathan Owens, was away from their Texas home training with the Indianapolis Colts. Biles, 29, opened up about the mysterious health scare in a post on her
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