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.
Delta Media powers unified digital platform for Keyes and Illustrated Properties

Real estate brokerage firm The Keyes Company and Illustrated Properties is teaming up with Delta Media Group to launch a unified, AI-ready digital platform for its agents and their clients in South Florida. Developed in partnership with Delta Media Group and built on DeltaNET7, Delta’s enterprise r
Read MoreBoynton Beach Cracks Down on Property Rules as Residents Say It Feels Like an HOA

A citywide cleanup in one Palm Beach County area has divided a community. An effort is underway in Boynton Beach, FL, that includes updated parking rules and stricter code enforcement, including potential fines. However, some residents have criticized the stricter standards, saying the rules make it
Read MoreFederal Reserve Wants To Loosen Bank Rules To Boost Mortgage Lending

The Federal Reserve has signaled it may loosen key rules to lure banks back into the mortgage market after years of retreat. Speaking at an American Bankers Association conference in Orlando on Monday, Michelle Bowman, a member of the Fed's Board of Governors and vice chair for supervision, warned t
Read MoreUnion Home Mortgage brings on M&A veteran Renee Hildebrand

Union Home Mortgage (UHM) indicated a strong appetite for mergers and acquisitions by hiring Renee Hildebrand from Guild Mortgage to seek new opportunities, the company announced Tuesday. The move comes a few years after the Strongsville, Ohio–based UHM, led by CEO Bill Cosgrove, acquired Amerifir
Read MoreRayse, OneKey MLS partner on agent value tools in New York

Rayse has partnered with OneKey Multiple Listing Service (MLS) to offer its agent value and transparency platform as an enhanced member benefit to more than 43,000 Realtors serving Long Island, Manhattan, the Hudson Valley and the broader New York metropolitan area. OneKey MLS is the largest Realtor
Read MoreHotel refi boosts MG Developer’s multifamily project as it diversifies

Arilio Torrealba’s MG Developer wants to build apartments around its hotel near the Miami International Airport just as South Florida’s multifamily sector is cooling off. Coral Gables-based MG plans to turn the 3.8-acre site of the Regency Miami Airport by Sonesta, at 1000 Northwest 42nd Avenue, in
Read MoreMamdani Calls NYC Property Tax Hike a ‘Last Resort’ as Albany Blocks His Tax-the-Rich Plan

New York City Mayor Zohran Mamdani on Tuesday framed a potential 9.5% property tax increase as an “option of last resort,” warning that without state approval to raise taxes on the city’s wealthiest residents, his office will be “forced to exercise the only revenue lever fully within our own control
Read MoreProperty tax burdens vary widely as states debate senior relief

Property taxes can feel like a minor nuisance in some states and a crushing expense in others — a reality detailed in a new WalletHub analysis. The average U.S. household pays $3,119 per year in property taxes, according to U.S. Census Bureau data cited in the report. Even renters are affected. Roug
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Following a slew of interest rate cuts, the Federal Reserve kept rates steady at its last Federal Open Market Committee meeting on Jan. 28, with a range remaining between 3.5% and 3.75%. The CME Fedwatch tool also shows that, as of Feb. 12, there is a 94% chance the Fed will keep rates steady at its
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For Dan Duffy, CEO of United Real Estate Group, the current market is not defined by disruption alone. It is defined by positioning — years of deliberate preparation colliding with a period of industry upheaval. “I have never been this excited about the next phase [of our company],” he said. “There’
Read More $49.5 Million Manhattan Townhome Owned By Ron Perelman Finds a Buyer After Nearly 5 Years

The former chairman of Revlon has found a buyer for his Upper East Side townhome priced at $49.5 million. No word yet on the final sale price. Ron Perelman, the former chairman of Revlon cosmetics, has owned the property since 1983, according to the Olshan Luxury Market Report. "The house has been o
Read MoreExclusive: UMortgage rolls out flat-fee broker compensation model

UMortgage is rolling out a flat-fee broker model that waives certain charges for originators who close more than 50 loans per year, part of a broader push to more than quadruple its sales force to 1,000 loan officers by December. Under the structure, LOs earn 275 basis points per loan but pay a $995
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Magnolia Network star Jared “Cappie” Capp is used to fully immersing himself in the most unusual construction projects for clients on “Building Outside the Lines,” yet the building expert got in over his head during a special build at his South Dakota vacation resort. The property, known as Shortgra
Read More PHH Mortgage bolsters AI-driven subservicing technology

PHH Mortgage Corp., a subsidiary of Onity Group and the parent of Liberty Reverse Mortgage, on Monday announced updates to its artificial intelligence (AI)-powered assistant for subservicing clients. PHH said the updates build on the tool’s original capabilities and “reflect PHH’s commitment to cont
Read MorePetar’s Restaurant Debuts Anew

The chicken terrine topped with Brie, served with roasted vegetables. Photo courtesy of Petar’s Restaurant I worry, sometimes, when a favorite intimate restaurant undergoes a growth spurt. Like at others, the dedicated clientele at Petar’s Restaurant in Bonita Springs had outgrown its circa-2015 ski
Read MoreDine at the Transformed Naples Beach Club

The Merchant Room. Photo courtesy of Naples Beach Club, A Four Seasons Resort Just in time for the winter months, Naples Beach Club, A Four Seasons Resort has revived the beloved property founded by the Watkins family, who opened the classic Naples Beach Hotel & Golf Resort in the 1940s. In 2021, th
Read MoreKiss Rocker Gene Simmons Cuts Nearly $1 Million From Asking Price of Beverly Hills Home

Music legend Gene Simmons has yet again slashed the asking price of his former Beverly Hills home—months after trimming a half-million dollars. Simmons, 76, initially listed the "exceptional" home for the staggering price of $13.99 million. That sum was reduced to $13.49 million in September. It's n
Read MoreCelebrate Community at Pouring for a Purpose

Savor an evening defined by connection, generosity, and shared commitment to the community at Pouring for a Purpose. Photo courtesy of Boys & Girls Clubs of Collier County Savor an evening defined by connection, generosity, and shared commitment to the community at Pouring for a Purpose, hosted by L
Read MoreMutual of Omaha to sponsor reverse mortgage broker certification program

The National Association of Mortgage Brokers (NAMB) announced Tuesday that leading reverse lender Mutual of Omaha Mortgage is partnering with the trade group as the exclusive sponsor for a reverse mortgage specialist certification program. According to a press release from the companies, the sponsor
Read MoreJustin Trudeau Purchases $3.1 Million Canadian Home—Will It Be His and Katy Perry’s New Love Nest?

Former Canadian prime minister Justin Trudeau has forked over $3.1 million for an expansive estate in Montreal’s exclusive Outremont neighborhood—and received the seal of approval from girlfriend Katy Perry. Trudeau, 54, closed on the nearly century-old stone dwelling on Feb. 16 after securing a mor
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