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.
Massive Nevada Wildfire Destroys Homes, Forces 90,000 Evacuations Near Reno

A massive, rapidly growing wildfire has forced the evacuation of 90,000 people in and around Reno, NV. The Hawk Fire, which is concentrated just south of the Reno Stead Airport and northwest of Reno, was first reported on Saturday. Truckee Meadows Fire Protection District Battalion Chief Shane Akers
Read MoreBH, Lennar tap Elliman to sell single-family homes on former golf course west of Aventura

BH Group and Lennar hired Douglas Elliman to lead sales of Greenview at Presidential, a luxury single-family home community west of Aventura. The 103-unit gated development, planned for 104 acres at 19200 Northeast 14th Court in Miami, near I-95, is being built in phases. Phase one, with more than
Read More3% Mortgage Rate vs. a 3% Down Payment: Which Path Builds More Wealth?

With the 30-year fixed mortgage rate averaging 6.65%, many prospective buyers are waiting for rates to drop before buying a home. But experts warn that a significant drop isn’t likely any time soon. Mortgage rates hovered around 3% and even hit an all-time low of 2.65% during the pandemic after the
Read MoreConstruction of Rental Homes Plunges After Congressional Fight Over Restrictions on the Sector

Construction of single-family, built-to-rent homes declined in the second quarter of 2026, driven by a combination of factors, including rising costs and confusion over federal legislation, according to a new analysis. The National Association of Home Builders found the built-to-rent market saw a do
Read MoreOceanfront mansion lists for $195M in potential Palm Beach record

A waterfront mansion in Palm Beach is in the running for a potential record after listing for $195 million. The nearly 20,000-square-foot home at 1616 South Ocean Boulevard sits on nearly two acres of land with waterfront access to both the intracoastal and the Atlantic. It was rebuilt from scratch
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A lavish 10,190-square-foot penthouse that occupies the entire floor of one of Florida's most luxurious condo buildings is set to make its debut on the market for the sky-high price of $39.7 million—two years before work on the property is due to be finished. When it is completed, the penthouse will
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Your homeowners insurance policy probably renews every year without much fanfare. You get an email, your premium may go up, and unless something looks wildly different, you move on. But your coverage may not be keeping up as your policy renews (if your policy renews at all). A new VIU by HUB survey
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“The Girls Next Door” alum Holly Madison has listed her historic—and allegedly "haunted"—Hollywoodland home as a $9,500-a-month rental, just a few weeks after she opened up about why she feels unable to sell the iconic abode. Madison, 46, has owned the storied property since 2012, snapping it up for
Read More Compass Faces Lawsuit From New York Renters as Congressional Scrutiny Mounts

As Congressional scrutiny on Compass Inc. mounts, two New York City renters have filed a lawsuit accusing the brokerage giant of monopolizing the city's rental market and driving up rents. Plaintiffs Peter Castaneda and Haley Gelfand say that Compass, the world's largest residential real estate brok
Read MoreCompass Faces Lawsuit From New York Renter as Congressional Scrutiny Mounts

As Congressional scrutiny on Compass Inc. mounts, two New York City renters have filed a lawsuit accusing the brokerage giant of monopolizing the city's rental market and driving up rents. Plaintiff Charles Lieberman said that Compass, the world's largest residential real estate broker, seeks to mon
Read MoreKyle Richards’ Daughter Farrah Reveals ‘Buying Beverly Hills’ Co-Star Is the Father of Her Child

Kyle Richards' daughter, Farrah Aldjufrie, has revealed the identity of her unborn child's father as none other than her "Buying Beverly Hills" co-star and The Agency colleague, Zach Goldsmith. The 37-year-old property mogul, who is the daughter of Richards and her ex-husband, Guraish Aldjufrie, har
Read MoreResi roundup: Architect’s landmark Palm Beach home sells for $28M, waterfront mansion goes for $27M

A Palm Beach mansion once belonging to late architect John Volk changed hands this week for $27.5 million following a four-year renovation on the century-old home. That’s one of the major residential deals in Palm Beach County recorded recently. A mansion just south of that house sold for $26.5 mil
Read MorePollen Season Will Be Longer and Hit Harder in These States: How Homeowners Should Prepare

Even though fall is right around the corner, allergy season is far from over. According to AccuWeather’s 2026 fall allergy forecast, we can expect elevated levels of weed pollen lingering well into October across much of the country. The Southeast and southern Rockies are expected to see the highe
Read MoreEXCLUSIVE: As Home Sales Slump, RealReports Launches AI Tool To Help Agents Win More Business

Six months after a real estate agent closes a deal, one proptech company wants its AI to treat that transaction as unfinished business. In a demonstration for Realtor.com®, RealReports' built-in AI, Aiden, used a past closing to identify 87 prospects in the surrounding area. It then proposed a direc
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The redevelopment fate of two Virginia Key marinas will appear on the Nov. 3 ballot in Miami, putting into the hands of voters an $80 million overhaul and a private-operator lease that could last up to 75 years. The proposed lease with Virginia Key LLC, a joint venture between Miami Beach-based RCI
Read More South Florida’s top deals: Former Pfizer exec sells Palm Beach home for $27M

🏆 Residential: The most expensive home sale to come online was in Palm Beach. John Niblack, retired president of Pfizer Global Research and Development, and his wife, Heidi Niblack, parted with the waterfront property at 127 Oceanview Road for $26.5 million. The buyer was a company managed by New Y
Read MoreWhy Big Banks Are Pouring Billions Into Reviving the Housing Market

JPMorgan Chase, the nation's largest bank, is a name typically attached to big numbers. But a new plan to invest $750 billion into housing market initiatives in the next decade stands out. The bank announced this summer it would deploy $750 billion into the housing market through 2035. Its "American
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Last Tuesday, 10 states filed a lawsuit suing the Office of the Comptroller of the Currency in order to block new rules regarding escrow payments. The collection of attorneys general, led by Oregon, argue that two newly enacted provisions that would allow banks to sidestep state laws requiring them
Read More ‘The Game Is Over’: Sellers Are Facing Reality on Pricing and Backing Off Unrealistic Demands

After a year of high interest rates and slow sales, home sellers are finally facing the music this summer—and getting real about home prices. According to the Realtor.com® economics team, last year was a "Cruel Summer," marked by excess inventory, flagging sales, and a general sense that buyers and
Read MoreHousing Week Ahead: Home Prices, New Construction Insights, and ‘Affordability Refugees’

Get ready for another busy week in real estate data. On Monday, the Realtor.com Economics team kicks things off with the End-of-Summer Housing Update from Senior Economist Jake Krimmel. Tuesday features the quarterly Cross Market Report by Senior Economist Jiayi Xu, showing how some home shoppers ar
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