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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A beautiful stone house in the Hudson Valley that was used by former President Franklin D. Roosevelt as a "favored" hunting retreat has hit the market for $1.55 million—less than four years after it last sold. The upstate New York dwelling, which was built in 1930, three years before FDR became the
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Tropical Storms Humberto and Imelda are now under close watch in the Atlantic as both systems show strong potential to intensify into hurricanes and affect homeowners from Florida to New England. While forecasters are still working on solid trajectory models, according to The Weather Channel, the s
Read More New-Home Sales Surge in August as Builders Boost Incentives and Cut Prices

Sales of newly built homes surged to a three-year high in August as homebuilders boosted their use of buyer incentives, breathing life into a sluggish summer housing market. Signed contracts for new single-family homes were at a seasonally adjusted annual rate of 800,000 last month, up 21% from July
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Sergio Pino’s widow, Tatiana, and their daughters filed a new lawsuit against Pino’s longtime mistress and others they claim were involved in allegedly fraudulent transfers in the days before and after his suicide. Sergio Pino, a prominent South Florida homebuilder, died in July 2024 from a self-in
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Late actress Shannen Doherty's Malibu mansion has had $750,000 trimmed from its original asking price, nearly two months after it hit the market—and one year after the actress passed away following a yearslong battle with cancer. Doherty, who died July 13, 2024, at the age of 53, purchased the pictu
Read More Compass, Anywhere deal will consolidate Miami market dominance

Compass’ plan to acquire Anywhere Real Estate for $1.6 billion would further consolidate the brokerages’ dominance in South Florida, where brands carry significant weight. Compass, already a Goliath in residential real estate, will have more than 340,000 agents under its banner, representing about
Read MoreMortgage Applications Today: Home Loan Demand Cools Despite Rates Dropping to 11-Month Low

The demand for home loans eased but still ticked up 0.6% for the week ending Sept. 19, according to the Mortgage Bankers Association. The increase is not as significant as the 29.7% increase in mortgage applications for the week ending Sept. 12. The continuing rise in applications comes after mortga
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HGTV star Jasmine Roth has become renowned for her signature "California casual" aesthetic that has delighted "Help! I Wrecked My House" viewers for four seasons. So fans may well be in for a shock when the new episodes of her hit reality series debut on Wednesday night. They will show Roth, 41, gra
Read More Condo vs. Townhouse: Which Investment Will Turn Around More Equity After a Decade?

For buyers who have been priced out of single-family homes, condos and townhouses often look like the next best bet, and it’s easy to see why: Both promise lower price tags, lighter maintenance, and an easier entry point into ownership. But how those advantages translate into long-term wealth can lo
Read MoreOld Gold Mine Bunker Carved Into the Side of Arizona Mountain Hits the Market for $277K

A former gold mine bunker that hovers above the historic Arizona mining town of Bisbee has been put on the market for $277,000—offering a unique opportunity to turn the deserted cave into the "crown jewel" of a new community. The cave sits at the center of 10 contiguous lots, including six leveled h
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The U.K. is good at nurturing startups, but it struggles to help them scale up.
Read More The American Dream Will Now Cost You $5 Million

Living the American dream—owning a home, raising kids, retiring comfortably, and maybe throwing in a vacation or two—has never been cheap, but a new report from Investopedia presents a striking statistic: Over a lifetime, checking all the traditional boxes now incurs a $5 million price tag. That fig
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A private Malibu retreat in the celebrity-studded neighborhood of Point Dume has been put on the market for $7.99 million by its Emmy award-winning owners, who have spent the last 30 years residing in the picturesque property. Directors and producers Paul Taublieb and Susan Cooper purchased the "lig
Read More Tax on the Range: How Luxury Ranches Are Taxed

The American West has always defied efforts to tame it. The rugged free spirit is as indelible to the landscape as it is to the people who live there. Naturally, it trickles down into every aspect of the culture—even the tax code. In many Western states, agricultural properties benefit from preferen
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Celebrity chef Gordon Ramsay's Los Angeles home was surrounded by police officers responding to a prank 911 call that falsely claimed an active shooter was present at the Bel-Air residence in what is now being reported as a "swatting" incident. Los Angeles Police Department officers were called to t
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Action star Dwane "The Rock" Johnson has taken a hefty punch to the gut of his real estate portfolio after suffering a $3.3 million loss on the sale of his sprawling equestrian estate in Georgia. Johnson, 53, who is currently promoting his new movie "The Smashing Machine," in which he stars alongsid
Read More Seminole Tribe sues Lennar over allegedly defective homes across Florida

The Seminole Tribe of Florida is suing Lennar for allegedly building 465 defective homes on tribal land across Florida. In an amended Aug. 29 lawsuit in Broward County Circuit Court, the Seminole Tribe alleges Lennar, a Miami-based national homebuilder led by Executive Chairman and co-CEO Stuart Mil
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A former police officer turned process server was arrested at Travis Kelce's Kansas mansion while trying to serve Taylor Swift deposition documents from Justin Baldoni's legal team amid the director's ongoing legal battle with Blake Lively. The worker, who has been named as Justin Lee Fisher, was pl
Read More Masaveu owns most of Brickell block after $24M Wendy’s purchase

Masaveu Real Estate US has assembled almost an entire block in Miami’s Brickell neighborhood after paying $24 million for a Wendy’s restaurant. The American subsidiary of Spanish conglomerate Corporacion Masaveu, led by Chairman Fernando Masaveu Herrero, acquired the 3,611-square-foot fast food rest
Read MoreDave Ramsey Weighs In on Fed Interest Rate Cut for Homeowners: It’s ‘Good News’

On Sept. 17, the Fed announced its first rate cut since the end of 2024, lowering rates by a quarter percentage point, to a range of 4% to 4.25%. The news immediately sparked big questions: Will mortgage rates go down? Should I buy a home or stay put? Personal finance author and radio host Dave Rams
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