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.
British billionaire Chris Rokos sells Manalapan estate for $83M

British billionaire and hedge fund manager Christopher Rokos sold his waterfront Manalapan mansion for $83.2 million, more than double what it last sold for a decade ago. A United Kingdom-registered entity purchased the 2.8-acre estate at 1370 South Ocean Boulevard for $40 million in 2017 from Patró
Read MoreBoeing engineers and technical workers approve new contract, avoiding strike

The work group comprises Boeing's largest white-collar union.
Read MoreMaryland Bans ‘Check in the Mail’ Homebuying Tactic

Maryland homeowners who open their mailboxes to find what looks like a check offering hundreds of thousands of dollars for their house will have one less reason to wonder whether they should cash it. A new state law took effect on Thursday making it illegal to send a check or other negotiable instru
Read MoreYour AC Survived the Summer. Will It Survive Your Neglect This Fall?

As soon as the cooler weather hits, many homeowners fall victim to the "out of sight, out of mind" syndrome when it comes to their air conditioner. Some tend to overlook the state of their AC system because they’re no longer using it. If this sounds like you, understand that neglecting your AC syste
Read MoreHow the Winning ‘Totally ’90s House’ Team Will Use Its $22K Prize To Help the ‘Huge Housing Crisis’

Transforming homes stuck in the 1990s to give them a modern feel without completely losing the charm of the era is no easy task, but the cast of “Totally ‘90s House” proved it absolutely can be done. The HGTV competition series, which premiered on Aug. 26, tasked two celebrity teams—stacked with for
Read MoreCalifornia Governor Signs Bill That May Raise HOA Fees as Part of Major Housing Reform Package

California Gov. Gavin Newsom has inked a series of bills to help California construct more starter homes and cut down on the cost of housing. Among the other bills Newsom signed at the end of the legislative session this week, he approved Assembly Bill 2050, which requires homeowners associations to
Read MoreYour Essential Fall Maintenance Checklist: 8 Things You Really Should Do Before the First Frost

Ah, fall: The nip of the first chill in the air. The colorful foliage. The pumpkin spice lattes. The pumpkin spice everything. Oh yeah, and the long list of home maintenance tasks awaiting you at the start of the season. We hate to intrude on your fall bliss, but the postsummer months are a critical
Read MoreAs Boomers Start Turning 80, Their Contribution to Housing Demand Is Starting To Wane

The oldest baby boomers will begin turning 80 this year, marking a major milestone that will have implications for the housing market for years to come. The number of households headed by baby boomers declined by 3.5 million between 2015 and 2025, a trend that will only accelerate in the coming year
Read MoreJim Carrey Marries Min Ah in Secret L.A. Ceremony—After Retreating to a Quiet Life in Hawaii

Jim Carrey has officially tied the knot with longtime love Min Ah, marking a major new chapter for the famously private actor, who has reportedly embraced a secluded lifestyle in Hawaii. The 64-year-old "Ace Ventura" star married Ah in a small, private ceremony in Los Angeles, with a representative
Read MoreInheriting a Low Property Tax Bill Is Getting Much More Complicated

When Willa Staats and her brother inherited their father’s home and adjacent lot in East Austin, TX, they expected to build their lives there. But one year later, they were hit with a combined property tax bill of $48,000—nearly 90% more than their father had last paid. Their experience points to a
Read MoreAndrew Cuomo Drops $9.6 Million in Cash on Lavish Hamptons Estate—After Failed NYC Mayoral Bid

Former New York Gov. Andrew Cuomo has splashed out $9.6 million in cash on a sprawling Hamptons estate—nearly one year after the New York City mayoral primary that marked his return to electoral politics. Cuomo, 68, who served as governor from 2011 until his resignation in 2021, quietly picked up th
Read MoreMortgage Rates Soar to 3-Year High as Global Bond Market Selloff Deepens

Mortgage rates jumped to their highest level in nearly three years this week, driven by a massive global bond market selloff stemming from rising energy costs and lingering inflation fears. The average rate on 30-year fixed home loans climbed to 7.28% mark for the week ending Oct. 1, up 25 basis poi
Read MoreVIDEO: Homebuilding Leader Says Skilled Labor Shortage Adds $2,500 to Cost of New Homes

Ed Brady, CEO of the Home Builders Institute, says the home construction industry faces a coming crisis because of a shortage of workers. The home construction business has had a severe shortage of workers for years. The Home Builders Institute estimates the industry needs 700,000 additional workers
Read MoreA Splash of Drama at Eddie V’s Prime Seafood

Filet medallions with lobster tail, Oscar style. Photo courtesy of Eddie V’s Prime Seafood A new actor has emerged on the Naples culinary stage in the form of Eddie V’s Prime Seafood, which specializes in seafood, steaks, and flamboyant cocktails. This expansive newcomer, like The Capital Grille, is
Read MoreBiCE Restaurant Group Celebrates Its Centennial

Photo by Erica Dunhill One hundred years after Beatrice “Bice” Ruggeri opened her neighborhood trattoria in Milan, Italy, BiCE Restaurant Group is marking the iconic brand’s centennial with 100 days of celebrations and surprises. From October 1 through January 8, BiCE Naples (and BiCE Palm Beach) wi
Read MoreChef Kayla Pfeiffer to Host Two-Night Friends of James Beard Benefit

Chef Kayla Pfeiffer will host the two-night Friends of James Beard Benefit, blending vinyl, Florida flavors, and an Everglades adventure. Photo by Carlos Gonzalez Chef Kayla Pfeiffer, Food Network’s Chopped champ, James Beard Emerging Chef semifinalist, and the mind behind both the Michelin-recommen
Read MoreReal Estate Tycoon Mauricio Umansky Reveals Plans for L.A. Mayoral Run

Real estate mogul Mauricio Umansky, the estranged husband of "Real Housewives of Beverly Hills" star Kyle Richards, is seriously considering swapping luxury listings for Los Angeles City Hall. The 56-year-old founder and CEO of The Agency revealed that a future run for mayor of Los Angeles is on the
Read MoreWhen Your Current Home Is In Paradise, Where Should Your Next One Be?

Perhaps the best new home gives you something wonderfully different from your existing one. More Florida residents are discovering that difference in Middle Tennessee, where Fairington, a new master-planned community just south of Nashville, offers four beautiful seasons, rolling countryside, club l
Read MoreBefore your borrower’s AI agent calls mine: Three questions mortgage servicers aren’t asking yet

A framework for disclosure, authentication and ongoing fitness in a world where the caller might not be a person at all
Read MorePassengers and crew foil co-pilot's apparent attempt to crash FlyDubai flight to Israel

One of the pilots on a FlyDubai flight headed for Israel stabbed the second pilot, according to Israeli Prime Minister Benjamin Netanyahu.
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