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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Anna Duggar is facing brutal criticism after launching a puppy-breeding business from inside the $1 million Arkansas home her father-in-law, Jim Bob, is said to have bought for her in April—while his son, Josh, remains behind bars after being handed a 12-year prison sentence for possession of child
Read More Here’s what’s happening at the Raleigh Miami Beach redevelopment

Michael Shvo has had his fair share of issues across his career as a broker and developer, only to walk away unscathed. At 125 Greenwich, a planned 88-story high-end condo tower in downtown Manhattan, Shvo’s partners bought out his interest when he was indicted on tax evasion in 2016. The developm
Read MoreBaltimore’s push against vacant housing shows positive results

Recent efforts to cut down on vacant residential properties in Baltimore have proven to be effective, according to new Urban Institute data. By 2020, the city had more than 16,000 vacant buildings and a residential vacancy rate of 7.7%. In parts of east and west Baltimore, the rate was nearly one in
Read MoreChristie’s International Real Estate names SVP of strategic growth

Christie’s International Real Estate has appointed G. Scott Hurlock as senior vice president of strategic growth, a new role at the company. Hurlock will oversee network expansion for the luxury real estate brand by pursuing new partnerships and working with affiliates on organic growth, mergers and
Read MoreStymied Sellers Back Down as Home Prices Drop for the First Time Since Spring

Sellers and buyers spent the summer months locked in a standoff amid a stalled housing market, but last week, the sellers finally flinched. The week ending on Sept. 6 saw both the national median list price and the median list price per square foot, which accounts for home size, decrease annually, a
Read MoreTexas bill targets deed fraud, but expert points to online loopholes

A bill on Texas Gov. Greg Abbott’s desk could give county clerks new tools to combat deed fraud, but one industry expert says the measure doesn’t go far enough to protect against scams carried out online. Senate Bill 15 — approved by the Texas Legislature in August — would require clerks to ask for
Read MoreAstor scores $36M loan for Little Havana apartment project

Astor Companies nabbed a $36 million construction loan for a multifamily project that already broke ground in Miami’s Little Havana. Ocean Bank provided the financing for an affiliate of Astor, a Coral Gables-based firm led by Henry Torres, that is developing Havana Enclave, an eight-story building
Read MoreMortgage rates drop below 6% for FHA, VA loans

On Thursday, mortgage rates data from Mortgage News Daily (MND) showed that the 30-year fixed rates for government loans fell below 6%. As of Thursday afternoon, the average Federal Housing Administration (FHA) loan rate was 5.97% and the U.S. Department of Veterans Affairs (VA) rate was 5.99%. Mort
Read MoreLennar drops $16M on 97 homesites in Redlands

Lennar, one of the nation’s largest homebuilders, dropped $16.3 million on 31 acres in the Redlands area of unincorporated Miami-Dade County. The land is slated for 97 homesites in a development dubbed Redlands Ridge. Records show a Lennar affiliate bought the land at the intersection of Krome Aven
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Oscar-winning actress turned lifestyle guru Gwyneth Paltrow is famous for walking some of life's more unconventional paths, particularly when it comes to her relationships—yet even she is happy to admit when those unique roads result in more bumps than she might have liked. Case in point, her decisi
Read More 27,000 Empty Apartments and 10,000 Homeless in Denver: Is a ‘Ghost Tax’ the Answer?

As nearly a third of Colorado households are severely housing cost burdened, nearly 27,000 rental units sit empty across Denver, according to some estimates. Now, housing advocates are saying it’s time to tax those vacant homes, arguing that landlords who keep units off the market should help fund a
Read MoreReal estate pros: Explain the value of buyer rep without sounding like a script

One of the most important parts of a real estate agent’s job is helping buyers understand why working with you matters, especially now that the new rules around representation and compensation have changed the conversation. Now, more than ever, it is important for buyers to understand the value your
Read MoreMortgage rates hit new 2025 low as jobless claims spike
Mortgage rates have reached a new low for 2025, despite the Consumer Price Index (CPI) inflation being well above the target and showing a stronger increase in the core goods component. Why are mortgage rates at 6.27%? Jobless claims experienced a significant spike today, which suggests that the lab
Read MoreWhy Smart Homeowners Get a Power of Attorney Before They Need One

Few things in life go exactly as expected, and that includes enormous, life-changing transactions like buying or selling a home—which can hinge on physically showing up with a pen to your closing. Whether you’re dealing with a busy schedule or a sudden medical issue, unfortunately, you may not be
Read MoreHomebuyers strained by costs, confused about mortgage market
Mortgage rates remain below the 50-year average, but most homebuyers see them as unusually high — a perception that is driving stress, delaying purchases, and reshaping major life decisions, according to a nationwide survey conducted in August. The survey of more than 1,000 buyers, released this wee
Read MoreMost Gen Xers doubt their retirement readiness

With the oldest members of Generation X set to turn 60 by the end of 2025, many are approaching retirement with financial concerns. Northwestern Mutual’s 2025 Planning & Progress Study, released this week, found that more than half (54%) of Gen Xers born between 1965 and 1980 don’t believe they’ll b
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Hollywood actress Nina Dobrev and professional snowboarder Shaun White have called off their engagement and ended their relationship after five years together—just 24 months after the once-happy couple purchased their first home together in Los Angeles. The Winter Olympian, 39, and "The Vampire Diar
Read More Mortgage Interest Rates Today: Mortgage Rates Plunge to New Low as Key Fed Decision Looms

Mortgage rates tumbled Thursday to a new 11-month low following a disappointing jobs report and alongside August inflation data, which could shape the Federal Reserve's closely watched interest rate decision next week. The average rate on 30-year fixed home loans was 6.35% for the week ending Sep
Read MoreAvoid the Silent Treatment: Why Ignoring Your Tenant Can Cost You

Having low and infrequent communication with your tenants might feel like avoiding conflict, but it’s actually inviting bigger problems. From unanswered maintenance requests to missed rent reminders, ignoring tenant communication can quickly snowball into costly repairs, tenant turnover, and a damag
Read More‘The Parent Trap’ Star Polly Holliday Passes Away at 88 Inside Longtime Manhattan Home

Hollywood icon Polly Holliday has died inside her Manhattan home at the age of 88 after suffering from pneumonia. The actress—known for her roles in hit film "The Parent Trap" and fan-favorite sitcom "Alice"—died on Sept. 9 in her New York home, her agent Denise Aspland, told The New York Times. Hol
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