Southwest Florida Real Estate News and Market Insight

Volunteers have been seen scanning the area outside of Nancy Guthrie's Arizona home with metal detectors in a bid to find any items that may have been dropped when the 84-year-old was abducted from the property on Feb. 1. As the search for "Today" host Savannah Guthrie's mother stretched into its se

Mortgage applications increased for a third straight week—11% from the week prior, according to the Mortgage Bankers Association for the week ending Feb. 27. New home loans and refinancing contributed to the increase. The Market Composite Index, a measure of mortgage loan application volume, increas

🏆 Residential: The priciest home sale recorded was in Coral Gables, where a home at 6960 Sunrise Drive changed hands for $8.8 million. The sellers were Luis and Elena Bermudez, and the buyer was an LLC managed by Sebnem Sarraf. The four-bedroom home has two and a half bathrooms and spans 2,700 squa

As home shoppers head into the spring buying season, where they live will dictate the median home prices they'll see. A recent report by real estate analytics firm Cotality identifies two opposite ends of the spectrum. “The current data reveals a 'two-speed' housing market,” Cotality chief economist

When billionaire Mark Zuckerberg bought a new $170 million megamansion on Miami's infamous Indian Creek Island earlier this month, the purchase was hailed as being the most expensive residential real estate transaction to ever take place in Miami-Dade County. However, while the 41-year-old Meta foun

Actor Ewan McGregor's ex-wife, Eve Mavrakis, has put their former marital mansion in Los Angeles on the rental market for $55,000 a month, five years after she was awarded the $6 million property in their bitter divorce. "Moulin Rouge" star McGregor, 54, and production designer Mavrakis, 59, purchas

Hollywood star Josh Duhamel has shed some light on why he and superstar Fergie divorced in 2019, admitting that their split was mostly due to their different outlooks on life. The "Life as We Know It" actor, 53, who was married to the “Fergalicious” singer from 2009 to 2019, candidly opened up about

More than a year after the deadly Eaton fire scorched through Altadena, CA, the first homeowners are getting ready to move into a new residential community as the area continues to recover from the devastation. Construction on The Oak Grove of Altadena, a 16-home subdivision located on the north sid

The Mayfair in the Grove mixed-use complex in Miami scored a $113.6 million refinancing, as South Florida lending keeps flowing amid higher interest rates.  Guggenheim Partners Investment Management provided the debt, which refinanced an outstanding balance of $72.4 million on a 2022 loan for $76.7

A Beverly Hills woman who proclaimed herself the "queen of real estate" has been charged with filing dozens of fraudulent multimillion dollar liens against homeowners throughout Los Angeles County. Rita Cedeno Ortiz, 58, was arrested Feb. 26 and hit with 25 counts of aggravated felony forgery, accor

Engel & Völkers has released a new report examining how high-earning young adults are influencing the luxury housing market in North America. The report, titled “The New HENRYs: How the Next Generation Is Shaping Luxury Real Estate,” analyzes homeownership and purchasing behavior among individuals c

Baird & Warner has launched a customized social media marketing assistant for its agents through an exclusive agreement with Rejig.AI in the Chicagoland market. The artificial intelligence (AI)-powered platform was rolled out companywide on Tuesday under a one-year exclusive agreement, according to

Housing affordability continues to dominate the headlines, but most proposed “solutions” rely on assumptions that are either unlikely or insufficient on their own. Falling interest rates, off-site construction, government subsidies and value engineering all play a role. None of them – individually o

There's a hidden concern lurking beneath some of Boston’s priciest properties. Thousands of homes and buildings face structural risk as underground timber pilings deteriorate due to falling groundwater levels. Approximately 8,000 buildings built on filled land between the mid-1800s and early 1900s i

The City of Portland, Oregon, has tapped PadSplit as a Qualified Home Sharing Provider for its new Home Sharing Pilot Program — marking the first time a municipality has formally partnered with the company and attached direct financial incentives to participation. Launched by the Portland Housing Bu

A Cape Cod, MA, farmhouse-style house that sold after only 10 days had been in the same family for over 90 years. The listing at 9 Oxbow Road in East Falmouth, built in the 1930s, had never had a renovation other than maintenance and some updates, so it not only retained its historical charm, but wa

Lauren Sanchez Bezos is not even a year into her marriage to Amazon billionaire Jeff Bezos, but she's already preparing to face another major life milestone—when her daughter, Ella, flies the family nest to attend college later this year. The 56-year-old former on-air correspondent, who tied the kno

The Internal Revenue Service (IRS) opened the tax filing season on Jan. 26, and the deadline for filing (without an extension) is April 15.  For taxpayers requesting an extension, the deadline is Oct. 15, according to the IRS. And many Americans opt to delay filing their taxes, as 13% of Americans,

Auto dealer Luis Somoano expanded his South Florida portfolio by paying $21.5 million for a Ford retail site in Hialeah previously owned for 40 years by the late car selling mogul Gus Machado and his family.  An entity managed by Doral-based Somaono, who owns two other dealerships in Miami-Dade Coun

Housing affordability has emerged as Chicago residents' top concern this year, overtaking crime and gun violence, according to a new poll.  In a stark shift for the Windy City, 41% of the 648 registered voters who participated in an Illinois Realtors® survey conducted by the analytics firm Statara i