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.
Terra, Frisbie mega-project in Boca Raton heading to referendum

The Boca Raton City Council agreed to wait for a voter referendum before formally approving a 99-year lease that would enable Miami-based Terra and Palm Beach-based Frisbie Group to build apartments, condos, retail, and offices on public land. On Tuesday evening, elected officials instructed the cit
Read MoreThis Gateway City Is the Hottest Housing Market in the U.S.

The summer selling season turned into a slump, but one city has emerged on fire. Springfield, MA, is once again attracting the most online home shoppers, according to the Realtor.com® August 2025 Hottest Housing Markets. The city took the spot for the fourth month in a row and it's the seventh time
Read MoreBillionaire Boston Bruins owner buys Wellington mansion

The billionaire owner of the Boston Bruins bought a $10 million home in the equestrian village of Wellington from cable magnate John Malone. Records show Charlie Jacobs’ CMJ Hurlingham LLC bought the house at 2982 Hurlingham Drive from John and Leslie Malone. Amy Carr with Engel & Völkers Wellingto
Read MoreInflation Ticks Up to 2.9%, but Fed Rate Cut Seems Assured as New Unemployment Claims Surge

Inflation ticked up in August in a troubling sign for consumers, but not enough to prevent a Federal Reserve interest rate cut next week as more alarm bells ring in the labor market. Overall inflation rose 2.9% last month compared to a year earlier, up from the 2.7% rate recorded in June, according
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In Pacific Palisades, CA, it's not uncommon to come across a dwelling that boasts an impressive Hollywood history—yet even among all that star power, one property still manages to stand out: a newly transformed mansion that was built on the foundation of a home once owned by comedian Dom DeLuise. Na
Read More Median U.S. Income Rises 2% to $81,604—but 21 States See No Increase Despite Rising Costs

Incomes got a modest bump nationally last year, although residents of 21 states saw no significant increase in their earnings despite facing rising costs, new U.S. Census Bureau data shows. Median household income in the U.S. rose to $81,604 in 2024, a 2% increase from the prior year after adjusting
Read MoreHomeownership Costs Have Jumped 26% Over 5 Years as Hidden Expenses Rise

Typical monthly expenses for homeowners surged by more than a quarter in the five years through 2024, a comprehensive new report from the U.S. Census Bureau has revealed. The median monthly ownership costs for U.S. homeowners with a mortgage jumped to $2,035 last year, according to new American Comm
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Celebrity trainer Jason Walsh might not be a name you have heard before—but you will almost certainly be familiar with his work: sculpting the figures of some of Hollywood's biggest stars to transform them from A-listers into superheroes. Over the years, Walsh has worked with a host of the industry'
Read More Would You Drop Insurance To Stay Put in Your Neighborhood? Most Owners Say Yes

What would make you give up homeowners insurance? For a growing number of Americans, that question is no longer hypothetical. More than half (58%) of homeowners say they’d consider going without insurance if the price got too high, a new survey from Realtor.com® finds—a once-unthinkable decision tha
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A quarter of all owned households in the United States paid either a condominium or a homeowners association fee in 2024, with 3 million facing hefty monthly charges of more than $500, according to a new U.S. Census Bureau survey. HOAs are nonprofits that collect monthly fees to manage shared common
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A jaw-dropping glass and steel estate that is secreted away at the heart of a 21-acre spread in Utah has hit the market for $10.9 million—offering up a wealth of wellness-dedicated amenities, all housed in an impeccably designed abode. The property, which was built last year, features a unique stone
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The 2025 Ryder Cup, set for Sept. 26-28 at the Bethpage Black Course in Farmingdale, NY, is already making waves in the local housing and rental market. The biennial competition is expected to draw about 250,000 visitors to Long Island for a weekend of world-class golf, and residents are finding cre
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WWE legend Hulk Hogan had his daughter, Brooke, removed from his will two years before he died of cardiac arrest at his Florida estate, it's been revealed. The wrestler, who died at the age of 71 inside his Clearwater, FL, home in July, left behind a fortune worth $5 million, according to his son, N
Read More Blackstone buys 352-key East Miami hotel at Brickell City Centre

Blackstone bought the 352-key East Miami hotel at Brickell City Centre. Funds affiliated with New York-based Blackstone bought the 40-story hotel at 788 Brickell Plaza in Miami from funds managed by Honolulu, Hawaii-based Trinity Investments and New York-based Certares, according to the sellers’ ne
Read MoreMango’s Tropical Café owner David Wallack sells Morningside home for record $16M

David Wallack, the owner of South Beach’s Mango’s Tropical Café, sold his longtime home in Miami’s Morningside neighborhood for a record $16 million. Wallack sold the waterfront house at 5725 North Bayshore Drive after listing it for $20.9 million in May, according to a press release. The deal has
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"The View" host Whoopi Goldberg has claimed that she "can't afford" to retire from the hit talk show—blaming her three failed marriages for her need to continue working. Goldberg, 69, whose real name is Caryn Elaine Johnson, put an end to rumors that she is set to end her 18-season run on the ABC da
Read More Air India CEO says carrier embracing 'new normal' of safety focus after deadly crash

The crash occurred just as Air India was in the middle of modernizing its fleets with new seats and amenities as it seeks to compete with larger airlines.
Read MoreArizona Home Being Raffled Off for $10 Violates State’s Gambling Laws

A mountainside estate in Phoenix was recently marketed as a prize in a splashy online sweepstakes, but Arizona regulators say the promotion crossed a legal line. The Arizona Department of Gaming (ADG) has issued cease-and-desist orders to Raffall, a U.K.-based raffle platform, and an Arizona residen
Read MoreToll Brothers pays $20M for shuttered Parkland golf course planned for 52 homes

Toll Brothers paid $19.5 million for a site at Parkland’s long-closed Heron Bay Golf Course, with plans for 52 single-family homes. The Fort Washington, Pennsylvania-based homebuilder plans Saltgrass at Heron Bay on a nearly 21-acre site at 11773 Northwest 70th Place, according to records and real
Read MoreHow a National Housing Emergency Could Open More Doors for First-Time Buyers

First-time homebuyers have all but disappeared, accounting for just 24% of sales in 2024, according to data from the National Association of Realtors®—a historic low and a troubling sign of the overall health of the market. And now, President Donald Trump has vowed to step in. “Under the Trump admi
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