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.
Most Homeowners With Non-Mortgage Debt Owe $10K+—Here’s How They’re Managing It

A new survey from TD Bank reveals that 65% of homeowners carrying non-mortgage debt owe $10,000 or more, underscoring the financial insecurities lingering beneath an otherwise stable housing market. There seem to be several factors at play: First, the cost of living has remained stubbornly high sinc
Read MoreREcore sues CoStar and Homes.com over alleged breach of contract

CoStar Group has found itself on the defendant side of a lawsuit. On Tuesday, REcore Solutions, a vendor providing licensing services for California Regional MLS (CRMLS), as well as other MLSs across the country, filed a lawsuit against the Andy Florance-helmed firm, over alleged breach of contract.
Read MoreeXp Luxury unveils division for high-profile clients

eXp Realty has unveiled eXp Sports & Entertainment — a new division within eXp Luxury aimed at serving professional athletes, entertainers and other high-profile clients. The announcement was made Tuesday during eXpCon Miami, the brokerage’s annual real estate conference. eXp Sports & Entertainment
Read More5 Fall Scents That Will Help Sell Your Home

With fall in full swing, introducing cozy, seasonal scents can make your home feel especially welcoming to buyers. The key is knowing how to use fragrance naturally, and when too much can backfire. Because experts agree that smells can trigger a strong reaction, particularly when it comes to buying
Read MoreeXp Realty launches AI assistant ‘Mira,’ AI training program

eXp Realty has announced the launch of two major artificial intelligence (AI) initiatives; Mira, a new AI-powered business assistant — and the eXp University AI Accelerator Series, an eight-week program aimed at helping agents learn to integrate AI and automation. Unveiled Tuesday at eXpCon Miami, M
Read MoreIs It a Red Flag If a Home Has Been Bought and Sold Many Times?

At some point during your search for a new home, you may come across a property that checks all your boxes—and then you'll do your due diligence. What if you review the sales history or title report and discover that this home has changed hands multiple times recently? Maybe it's been sold three tim
Read MoreMortgage rates dip slightly, staying near 2025 lows ahead of CPI report
Mortgage rates have edged slightly lower over the past few days, hovering near year-to-date lows as markets weigh the ongoing government shutdown and await key inflation data later this week. “Rates have been fairly flat the last week and a half; the shutdown really hasn’t — at least as far as the m
Read MoreFort Partners, Related Ross settle lawsuit over West Palm Beach condo buyout

Fort Partners will proceed with its buyout of a West Palm Beach condominium following a legal skirmish with Related Ross that ended in a settlement last week, The Real Deal has learned. The legal battle that started with a Related Ross affiliate filing a request for an injunction in April came to a
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"Full House" star John Stamos is making his opinions on pal Lori Loughlin's ex, Mossimo Giannulli, clear as he has publicly branded him a "narcissist" and even blamed him for the infamous college admissions scandal. The 62-year-old actor didn't hold back when asked about Loughlin's former spouse, wh
Read More Compass launches Buyer Demand tool to help agents price homes

Compass is adding another feature to its suite of agent technology tools. On Tuesday, the Robert Reffkin-helmed firm announced the launch of Buyer Demand. Buyer Demand enables Compass agents and their home seller clients to see the number of serious buyers in Compass’s network who are searching for
Read MoreFed Is Expected To Cut Rates Again—but Uncertainty Grows Over Lack of Jobs Data During Shutdown

The Federal Reserve is widely expected to lower interest rates by a quarter of a percentage point when policymakers meet next week, but concerns are mounting over the lack of reliable employment figures. Since the start of the federal government shutdown three weeks ago, the central bank has been
Read MorePartnership drops $68M for Coconut Creek 170-acre mixed-use project site

A partnership between 13th Floor Homes, Rosemurgy Properties, Schmier Property Group and Giles Capital Group paid $68 million for 170 acres in Coconut Creek slated for a $1 billion-plus master planned community. The joint venture acquired the site on the west side of Lyons Road between Wiles Road an
Read MoreTrade groups push plan to let GSEs buy MBS to ease mortgage rates

Trade groups representing community banks and home lenders are urging the Trump administration to allow Fannie Mae and Freddie Mac to purchase mortgage-backed securities (MBS) to help bring down mortgage rates. The idea relies on amending the Preferred Stock Purchase Agreements (PSPA) to enable the
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Sean "Diddy" Combs' lawyers are trying to appeal his four-year prison sentence, and reports claim that President Donald Trump is eyeing a commutation—a move that would return the rapper to lavish living in his $48 million Miami mansion as early as "this week." The lawyers for the disgraced music mog
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Former reality TV star Kristin Cavallari has sealed a multiyear, seven-figure deal with Dear Media to continue her podcast, "Let's Be Honest"—months after confessing that her kids still sleep in the same bed as her. Cavallari, 38, will continue to lift the lid on all the details of her life thanks t
Read More Tennessee’s Tax Perks and High Demand Fuel Nashville’s Luxury Condo Craze

The center of the country music scene, Nashville, TN, continues to serve up Southern hospitality. It's a hot spot for people to live and visit, but the Music City has been on the map for some time—and the party hasn't stopped. "Tennessee as a whole became an attractive destination for many, offering
Read MoreWhy more homeowners are listing without agents — and regretting it

Selling a home has become a more complex decision as online platforms offer new ways to bypass real estate agents. According to a new Clever Offers survey, 42% of sellers said market conditions influenced how they sold their home, and many chose alternative routes such as cash buyers, iBuyers or for
Read MoreIt’s up to MLSs to decide if the Zillow-ChatGPT integration violates IDX policies

The National Association of Realtors (NAR) has weighed in on the ongoing debate over whether or not Zillow’s app integration with OpenAI’s ChatGPT violates MLS IDX policies. In a statement issued on Tuesday, NAR said that when it comes to enforcement, “each MLS is individually responsible for condu
Read More$239K Oceanfront Cape Cod Home Teetering on the Edge of Eroding Bluff Attracts Offers From Builders

A Cape Cod cottage perched high atop a crumbling bluff on the verge of collapsing into the Atlantic Ocean has garnered a few offers just days after hitting the market for only $239,000. Located in Eastham, MA, the gray-shingled residence with "the ocean as your nearest neighbor" certainly isn't for
Read MoreTropical Storm Melissa: Trackers See Storm’s Path Causing Problems for Florida Homeowners

Tropical Storm Melissa is gaining strength, threatening to evolve into a slow-moving hurricane capable of unleashing torrential rain and destructive winds across the Caribbean and potentially the U.S. As of late Tuesday morning, the National Hurricane Center confirmed Melissa’s upgrade from a tropic
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