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.
L Catterton boss sells Palm Beach home for $58M

Michael Chu sold the home he his wife built in Palm Beach 10 years ago for $58.3 million. He and his wife Elizabeth Chu sold that house in an off-market deal that recorded this week. Records show they sold the oceanfront house at 102 Angler Avenue to a trust named for the address and managed by att
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The owner of the Washington Commanders NFL team, Joshua Harris, and his wife, Marjorie Harris, have purchased the historic Halcyon House in Washington, DC, for $28 million in an off-market deal, according to the The Wall Street Journal. That's the highest price ever paid for a home in the nation’s c
Read More New bill seeks elimination of capital gains tax on home sales

Rep. Craig Goldman (R-Texas) introduced legislation this week, dubbed the Don’t Tax the American Dream Act, that would eliminate federal capital gains taxes on the sale of primary residences. “Americans are overtaxed. The Don’t Tax the American Dream Act repeals costly capital gains taxes on home sa
Read MoreGen X, millennials set to inherit trillions in real estate wealth

For years, the coming wealth transfer sounded theoretical. Now it’s showing up in closing rooms, estate sales and sudden all-cash offers as younger buyers inherit property — and purchasing power — at unprecedented scale. Coldwell Banker Real Estate released its Global Luxury 2026 Trend Report, findi
Read MoreNew Venture Escrow expands into Los Angeles

New Venture Escrow has opened a new office in Los Angeles, expanding its operations into one of the nation’s largest real estate markets. The independent escrow company said the new location will be staffed by escrow officers Marcine Kline and Carmen Alvarado — two longtime professionals in the Los
Read MoreDOJ investigation clouds future of Fed chair nomination

The future of the Federal Reserve‘s leadership is in limbo due to an investigation into current Fed Chair Jerome Powell that has prompted bipartisan backlash. Following the news about a Department of Justice (DOJ) probe into Powell, Sens. Thom Tillis (R-N.C.) and Elizabeth Warren of (D-Mass.) accuse
Read More7 Florida Hot Spots Now Offering Down Payment Assistance to Home Shoppers

Buying a home in the Sunshine State is anything but easy. Rising interest rates paired with sky-high insurance costs have made it a real struggle for many residents. Fortunately, local Florida governments recognize the affordability crisis that is pricing out everyday buyers—and seven towns are off
Read MoreFormer UWM attorney sues for wrongful termination over title letter signing policy

A former corporate attorney is accusing Michigan-based United Wholesale Mortgage (UWM) of retaliation and wrongful termination after he refused to sign attorney opinion letters (AOLs) in states where he was not licensed. The plaintiff claims the requirement stemmed from a policy change implemented i
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Famed singer John Mellencamp has revealed that his daughter, "The Real Housewives of Beverly Hills" star Teddi, is still "really sick" and "suffering right now" amid her stage 4 cancer battle—three months after she revealed that there were "no detectable signs" of the disease in her body. The "Hurts
Read More American Association of Critical-Care Nurses Recognizes NCH Adult Critical Care

American Association of Critical-Care Nurses Recognizes NCH Adult Critical Care Units with Silver Beacon Award for Excellence Naples Comprehensive Health (NCH) has been recognized by the American Association of Critical-Care Nurses (AACN) with Silver-level Beacon Awards for Excellence for all three
Read MoreTrump Administration Floats 401(k) Withdrawals for Down Payment on a Home

The Trump administration will announce a plan next week to permit Americans to draw from their 401(k) plans for a down payment on a home. White House National Economic Council Director Kevin Hassett told Fox Business on Friday morning that President Donald Trump would put out the plan in Davos next
Read MoreThis Small Island Community in Georgia Is Fighting the Nantucket Fight

It’s a familiar battle unfolding in vacation towns across the country: To combat rising home prices and preserve housing for locals, cities are tightening regulations on short-term rentals. In response, property owners push back, arguing such measures infringe on their rights and threaten tourism-dr
Read MoreBaker Senior Center Naples Hosts “Evening for Better Tomorrows”

With the clubhouse at Royal Poinciana Golf Club adorned with regal lights and flowers, Baker Senior Center Naples held its 14th annual Evening for Better Tomorrows “Deep Purple Dreams.” Thanks to the generous patrons and sponsors, the event raised close to $1.4 million to support critical social ser
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Actress Gwyneth Paltrow has opened up how it felt to lose her sense of "purpose and orientation" after she became an empty nester, while revealing how this process helped her to bring her "Marty Supreme" character to life. Paltrow, 53, stars alongside A-list sensation Timothee Chalamet in the Josh S
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After selling a waterfront lot in Miami’s Coconut Grove for over $100 million, and his waterfront mansion in Coral Gables for $32 million, billionaire businessman Jorge Mas purchased a mansion in Gables Estates. Mas, chairman and co-founder of MasTec, a construction and engineering giant, bought a 1
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Frank Lloyd Wright fans are being offered the rare opportunity to own one of the famed architect's most significant residential properties in the form of a colorful Arizona abode that was the first-ever Usonian Automatic he designed. Located on a leafy street in Phoenix, the property, which was buil
Read More Henssler Financial on Creating a Calm, Confident Financial Year

Starting the Year with Clarity January often marks a fresh start for many people. Calendars fill quickly, routines settle in, and many people turn their attention to the year ahead. For those who value their time and quality of life, the goal is rarely to overhaul everything financially, but to make
Read MoreMortgage Calculator: Here’s How Much You Need To Buy a $399,950 Home at a 6.06% Rate

Mortgage rates for a 30-year fixed loan dipped this week to 6.06%, down from 6.16% last week. This marks the lowest level seen in more than three years, following President Donald Trump’s announcement of a $200 billion mortgage-backed securities (MBS) buyback plan. So what impact does this have on y
Read MoreGL Homes’ Palm Beach County buying spree snaps up 200 more acres

GL Homes is doubling down on Westlake, snapping up a major chunk of one of Palm Beach County’s fastest-growing master-planned communities. The Sunrise-based homebuilder bought 192 acres in Westlake for $80 million this week, public records show. That’s $417,000 per acre. The builder plans to acquire
Read MoreSouth Florida’s top deals: Private equity exec Michael Chu sells $58M Palm Beach mansion

🏆 Residential: The top home sale recorded in South Florida came in at $58.3 million, as Michael Chu, co-founder and executive chairman of private equity firm L Catterton, and his wife Elizabeth Chu parted with a home at 102 Angler Avenue in Palm Beach. The buyer was a trust. The nearly 8,000-square
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