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.
Who Is Responsible When a Police Raid Goes Terribly Wrong at Your House?

After more than a year of fixing up her Texas home, Vicki Baker was just days away from closing on its sale. But then, local law enforcement knocked down the backyard fence with a BearCat, blew up the garage door, and detonated roughly 30 tear gas grenades inside the house. It was all to apprehend a
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A historic Massachusetts mansion with an infamous reputation as one of America's "most haunted" homes has traded hands for the first time in 10 years—just in time for the start of spooky season. The property, which was previously referred to as the Gardner Mansion but has more recently been known as
Read More Price revealed: Russell Galbut and partners paid $73M for Galleria Fort Lauderdale

Russell Galbut’s GFO Investments, InSite Group, Atlas Hill Real Estate and Prime Finance paid $73 million for Galleria Fort Lauderdale, representing a significant discount off the price the seller was aiming for. The four firms acquired the 800,000-square-foot indoor mall at 2414 East Sunrise Boule
Read MoreMillennials Lead Mortgage Applications—Including in the Nation’s Top-Priced Metro

Aspiring millennial homebuyers dominated in 2024, filing nearly half of all mortgage applications across the nation’s top 50 metros—especially in some of the most expensive markets. House hunters aged 28 to 43 accounted for 49.7% of home loan requests received by LendingTree last year, down 5% from
Read MoreloanDepot challenges class-action suit tied to LO comp rules, steering

loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.” The lawsuit, filed in July by five borrowers who obtained mortgages f
Read MoreBaltimore launches $6.2B housing redevelopment effort

Baltimore is embarking on what civic leaders call ‘the nation’s most ambitious housing redevelopment program’ — a 15-year effort that aims to turn around more than 37,000 vacant or at-risk properties and influence market conditions for another 33,000 homes and lots. The strategy is supported by $1.2
Read MoreMainstreet at Tuttle developer averts foreclosure auction with bankruptcy filing

The owner of the mixed-use Mainstreet at Tuttle development site in Royal Palm Beach narrowly avoided a foreclosure auction by filing for bankruptcy. The courthouse sale of the 38-acre site within the 200-acre Tuttle Royale master development on the southwest corner of U.S. 441 and Southern Boulevar
Read MoreCrossCountry Mortgage raises conforming loan limit to $819,000

Top 10 U.S. mortgage lender CrossCountry Mortgage (CCM) on Wednesday announced that it has increased its conforming loan limit to $819,000, joining the list of lenders that are moving in advance of the projected 2026 loan limits to be released later in the year by the Federal Housing Finance Agency
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How much does it cost to live a luxury life worthy of Taylor Swift and Travis Kelce? About $24 million—at least if you're hoping to enjoy a similar level of lavishness that the newly engaged couple did while sunning themselves in Florida this summer. Just four months after it was revealed that Kansa
Read More Expert speaks on Compass-Anywhere market share, consolidation
Compass’s acquisition of Anywhere Real Estate creates a national brokerage powerhouse — but industry veteran Steve Murray says the deal’s biggest effects will be in scale, services and back-office consolidation. Murray — senior advisor for HousingWire and founder of RealTrends and RTC Consulting —es
Read MoreNeptune Insurance Holdings prices IPO, seeks $2.8B valuation

Neptune Insurance Holdings Inc., the parent company of Neptune Flood, on Monday announced the launch of its initial public offering (IPO) of 18.4 million shares of its Class A common stock. The shares will be sold by existing stockholders, who also intend to grant underwriters a 30-day option to pur
Read MoreWorkman Real Estate picks up another Miami-Dade warehouse, paying $16M for Miami facility

Workman Real Estate Ventures bought its fourth Miami-Dade industrial property, buying a Miami facility for $16 million. But the deal was almost derailed by an aggressive foreclosure action by a lender seeking repayment of a $9.2 million mortgage debt, court records show. An affiliate of Miami-based
Read MoreBreaking away: MLSs explore separation from Realtor associations

In many real estate markets across the country, the local and state Realtor associations are one and the same with the local multiple listing service (MLS). However, as the real estate industry evolves, many are calling for MLSs and associations to consider “a separation of church and state.” “For
Read MoreInterlinc Mortgage adds Gary Royal as Southeast sales manager

Interlinc Mortgage announced Wednesday that Gary Royal has joined the company as its Southeast regional sales manager. Royal has nearly 40 years of mortgage industry experience and “brings a proven track record of leadership, growth, and team development across multiple markets,” Interlinc said in a
Read MoreTired of Being Taxed Twice? A New Bill Would End Taxes on Social Security for Good

Many retirees feel they’re being “taxed twice” on benefits they already earned. And now, U.S. Sen. Ruben Gallego (D-AZ) has introduced a measure to finally end the tax on Social Security for the more than 55 million beneficiaries who depend on it as a source of income. It’s a popular promise with hi
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"The Golden Bachelor" star Gerry Turner has put his sprawling Indiana lake house on the market for just under $720,000 amid his ongoing battle with cancer—months after his ex-wife, Theresa Nist, revealed the role that the property had played in their sudden divorce. Turner, 74, appeared in the first
Read More Tech Trendsetters share their best advice for emerging industry leaders

As the housing industry continues to evolve at the speed of technology, staying ahead requires more than just keeping up with the latest tools — it takes vision, adaptability and a focus on real impact. To celebrate the 2025 Tech Trendsetters awards, we asked past honorees to share their best advice
Read MoreSlowdown continues: South Florida resi sales, dollar volume drop in August

Residential sales and dollar volume dropped in South Florida in August, as the market continues to soften. Dollar volume in Miami-Dade, Broward and Palm Beach counties fell 4 percent to $4.3 billion, down from $4.5 billion last August, according to Multiple Listing Service data collected by the Miam
Read MoreWhat To Ask Before Renting a Home To Avoid Hidden Expenses

Renting a single-family home can feel like a step up from apartment living—there’s more space, more privacy, and often outdoor perks like a yard or patio. But many first-time house renters are caught off guard by the extra costs that come with that freedom. Unlike with apartments, where utilities an
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Professional golfer Rory McIlroy put on an incredibly dapper display Tuesday night, when he and his wife, Erica Stoll, stepped out at a Ryder Cup welcome dinner in New York—just months after revealing that they were quitting the U.S. in order to return to the U.K. full time. McIlroy, 36, is one of 1
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