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.
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The sole woman who was indicted in the NBA poker scandal has been accused by her former landlord of destroying her New York apartment and failing to pay $8,000 in rent—the landlord claims he was eventually forced to evict her from the dwelling. Sophia "Pookie" Wei, 40, is one of 31 suspects who stan
Read More Nantucket’s Short-Term Rental Battle: What the Island’s Latest Vote Means for Property Owners

When a Massachusetts Land Court judge took up the vexing question of short-term rental (STR) regulations in Nantucket in March 2024, residents hoped that years of contentious debate might finally be resolved. Instead, what locals now call "the bombshell ruling"—followed by an even more restrictive d
Read MoreSouth Florida resi sales surge in September

South Florida’s residential market rallied in September, in a reversal of the region’s monthslong slowdown. Dollar volume in Miami-Dade, Broward and Palm Beach counties surged 13 percent to $4.3 billion, up from $3.8 billion last September, according to Multiple Listing Service data collected by th
Read MoreICE’s First Look report shows mortgage performance is strong despite FHA strain

The mortgage market remains largely resilient — with delinquencies and foreclosures still below long-term averages — even as performance among Federal Housing Administration (FHA) loans continues to weaken. That’s according to ICE Mortgage Technology’s First Look report on September mortgage perform
Read MoreHoward Hanna’s strategy to get 20% market share in 20 markets

Although Howard Hanna Real Estate Services has conducted many acquisitions over the past few years, none of them made the real estate industry stand up and take notice as much as its acquisition of Elegran Real Estate earlier this month. And that’s because Howard Hanna’s acquisition of Elegran marke
Read MoreTruework’s Ethan Winchell on creating a better VOIE process

Among the many tedious steps in the mortgage manufacturing process, verification of income and employment (VOIE) might top the list of challenges for lenders. Ethan Winchell’s company, Truework, aims to remove these headaches. The San Francisco-based firm was founded in 2017 and has sprouted into a
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Los Angeles Dodgers pitcher Alex Vesia is stepping "away" from the MLB team ahead of their second consecutive World Series appearance to deal with a "deeply personal family matter" alongside his pregnant wife, Kayla. News of the 29-year-old pro athlete's break was shared by the Dodgers in an officia
Read More UWM announces three new broker tools at AIME Fuse

United Wholesale Mortgage (UWM) on Friday announced three new tools to help independent mortgage brokers streamline loan processing, improve workflow efficiency and expand marketing efforts. The announcement, made at the Association of Independent Mortgage Experts’ (AIME) Fuse conference in Nashvill
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Singing sensation Jessica Simpson has amassed an estimated $200 million fortune thanks to her lucrative music career—yet she has now revealed that her lifestyle was not always so lavish. The 45-year-old mother of three opened up about her humble childhood while discussing her fashion brand in a new
Read More The Villages seeks $130M muni bond deal to fund 2,800-home expansion

The Villages is betting big on the municipal bond market to keep its housing boom alive. The sprawling 57,000-acre retirement empire in central Florida is selling nearly $130 million in high-yield municipal bonds to fund a 2,800-home district, Bloomberg reported. The sale, handled by Jefferies and
Read MoreNY Attorney General Letitia James Pleads Not Guilty to Federal Fraud Charges

New York Attorney General Letitia James was arraigned in Norfolk, VA, this morning after being charged with felony bank fraud and making false statements to a financial institution. She entered not guilty pleas on both charges. The judge set an initial trial date for Jan. 26, 2026. Government attorn
Read MoreSocial Security COLA 2026 Announced: How It Affects Housing Decisions

The government shutdown threw a wrench into the Social Security Administration’s annual cost-of-living adjustment (COLA) announcement, delaying the highly anticipated report by more than a week. But today, Social Security and Supplemental Security Income beneficiaries finally got the news they’ve be
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Meghan Markle has offered an inside look into her life at home with Prince Harry and their two children, revealing how they have turned their $14.65 million Montecito mansion into a sanctuary of safety for their family. The 44-year-old mother of two, who shares son Archie, 6, and daughter Lilibet, 4
Read More North Miami Beach dev site approved for 1,217-unit megaproject hits market for $26M

A North Miami Beach development site approved for a 1,217-unit mixed-use megaproject hit the market for roughly $26 million, after a previous contract fell through and led to lawsuits, The Real Deal has learned. The nearly 3-acre site on the northeast corner of Northeast 163rd Street and Harriet Tu
Read MoreThree developers to compete for Riviera Beach land

Forest Development, Kenco Communities and a partnership led by Frontier Development & Hospitality Group will make presentations to Riviera Beach officials next month, as they compete to acquire 2.2 acres of vacant publicly owned land near the waterfront. Riviera Beach’s Community Redevelopment Agenc
Read MoreA Dream Dwelling for a Bargain Price: Renovation-Ready Abodes That You Can Buy for as Little as $47K

There is nothing quite like buying the home of your dreams—particularly if that property comes complete with a bargain price. While snapping up a turnkey dwelling might be out of reach financially, if you're willing to roll up your sleeves and channel your inner Chip and Joanna Gaines, there are ple
Read MoreMortgage Calculator: Here’s How Much You Need To Buy a $425,000 Home at a 6.19% Rate

The average mortgage rate on 30-year fixed home loans declined to 6.19% for the week ending Oct. 23, down from 6.27% the week before, according to Freddie Mac. Rates averaged 6.54% during the same period in 2024. So what impact does this have on your monthly mortgage payment? And what does this mean
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Former Tampa Bay Buccaneers star Doug Martin jumped from the second story of a rehab center, months before his shock death, according to a new report. Martin, 36, died in police custody after allegedly breaking into a California home, where he suffered a medical emergency. However, new details have
Read More CPI Report Today: Inflation Climbs to 3%—But Fed Is Still Expected To Cut Rate

The September Consumer Price Index (CPI) increased to 3% compared to a year ago according to the U.S. Bureau of Labor Statistics—but the Federal Reserve is still all but certain to proceed with a rate cut next week. This marks the first set of significant data markers since the government shutdown.
Read MoreAmerican Cities Where Home Values Have Changed the Most Over the Last 50 Years

Since 1975, the U.S. has undergone sweeping changes in every aspect of life, from politics to technology and fashion (remember bell-bottom jeans ?)—and the housing market has been no exception. A Realtor.com® analysis of 50 years of housing data from the Federal Housing Finance Agency (FHFA) found
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