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.
Las Vegas travel is slumping. What does it mean for the rest of the U.S.?

Las Vegas has seen visitation decline for seven consecutive months, with the most recent report from July showing a 12% decline year over year.
Read MoreHarvey Hernandez shifts gears with luxury car condo project in Little River

Developer Harvey Hernandez switched lanes for his latest project, a planned luxury car condo building with an indoor padel club, concierge and events. Hernandez’s Newgard Development Group paid $8.2 million for the block at 7400 to 7410 Northeast Miami Court, 40 Northeast 75th Street and 19 Northea
Read MorePortman secures approval for Pompano Beach mixed-use apartment project

Atlanta-based developer Portman got the green light for a mixed-use apartment project in Pompano Beach, which has emerged as a hotbed of development in Broward County. The Pompano Beach Planning & Zoning Board approved the eight-story project slated for 2400 East Atlantic Boulevard last week. The pr
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President Donald Trump missed the chance to show off his newly revamped White House Rose Garden to some of the country's wealthiest and most powerful businessmen while hosting a group of billionaire tech tycoons at an AI event on Thursday evening. Trump, 79, had originally intended to welcome the li
Read More JetBlue to boost in-flight Wi-Fi with Amazon Project Kuiper internet deal

It's a vote of confidence for Kuiper, Amazon's constellation of internet satellites that is designed to compete with SpaceX's Starlink.
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Spirit Airlines is exiting a host of cities as it fights for survival while rival airlines are eyeing its customers.
Read More Remaking a skyline: Status of West Palm Beach’s condo pipeline

Halfway through a decade that is redefining West Palm Beach’s skyline, developers have more than a dozen condo projects in the pipeline totaling more than 2,000 units, according to an analysis by The Real Deal. Construction loans for four projects total nearly $1.4 billion, and developments that la
Read MoreCalifornia and Florida Top New List of the Riskiest Housing Markets in the Nation

Following devastating wildfires and hurricanes, parts of California and Florida top a new list of the housing markets facing the biggest risk of a downturn in home values. Of the 50 highest-risk markets, 14 were in California, seven in Florida, five in New Jersey, and four in Louisiana, according to
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An unbelievable opportunity to own a 788-acre working ranch in Ferndale, CA, has just become available for $10.95 million—with the listing photos revealing a rare set of amenities, including a herd of zebras that are seen roaming across the astonishing property. The coastal estate known as Lost Coas
Read More How are Gen Zs affording luxury trips? For some, it’s all a facade

From debt to deception, Gen Zs use dubious methods to portray travel lifestyles that go beyond their means. Those who know them explain how they do it.
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Jeffrey Epstein's Palm Beach home was filled to the brim with photos of nude women and snaps of his meetings with famous faces, according to police footage taken inside the infamous abode. The video of the accused sex trafficker's property was shared by the House Oversight Committee on Sept. 2—after
Read More Joanna Gaines Shares Rare Glimpse Inside Daughter Ella’s Plant-Filled Bedroom at Family’s Waco Home

Magnolia Network star Joanna Gaines may still be struggling to come to terms with her daughter's departure from the family nest—but she has found a new role to focus her energies on now that the teen has headed off to college: caring for her child's "plant babies." Joanna, 47, shared a rare glimpse
Read MoreFrisbies are partnering with “anti-woke” 1789 Capital on $1B South Florida fund

1789 Capital, the investment firm in which Donald Trump Jr. is a partner, is teaming up with Frisbie Group on a $1 billion fund for South Florida real estate. The partnership has been in talks with investors in recent weeks and is believed to already have nearly $1 billion lined up, Bloomberg report
Read MoreRichman nabs $62M in financing for Lake Worth Beach workforce housing project

Richman Group nabbed $62.3 million in financing to begin construction of a Lake Worth Beach workforce housing project. Merchants Bank of Indiana provided the bulk of the construction funds with a $47 million loan, records show. Greenwich, Connecticut-based Richman Group, led by Chairman Richard Paul
Read MoreCaregiver arrested over alleged scheme to defraud patient of $1M Plantation home, life savings

A home health care aide was arrested on charges she exploited her elderly patient, including getting him to sign over his $1.1 million home in Plantation. Lillian Emeline Morris allegedly took advantage of a man in his 80s in her care, who was diagnosed with cognitive disorders and suffers from dep
Read MoreSimone Biles Reveals Custom-Built Texas Mansion Still Isn’t Finished—After Two Years of Work

Gymnast Simone Biles and her husband, NFL star Jonathan Owens, are still waiting for work on their custom-built lakefront Texas mansion to be finished—after more than two years of seemingly endless construction. Biles, 28, revealed on Instagram this week that work is ongoing at the sprawling abode w
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A woman posted on Reddit that she and her spouse recently bought a house sight unseen. When they arrived at their dream home, they received a very unpleasant surprise in their new garden and backyard. "Y’all, I have inherited years-old neglected plants, tons of weeds, and hardcore invasive plants ga
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Alec Baldwin and newly minted "Dancing With the Stars" contestant, Hilaria Baldwin, have proudly opened the doors to their sprawling Hamptons estate—while admitting that they have no plans to ever part ways with the property, despite making multiple attempts to sell it. Alec, 67, and Hilaria, 41, sh
Read More $23M Boca Raton mansion tops Palm Beach County luxe contracts

A mansion asking $23.3 million in Boca Raton’s most expensive neighborhood topped signed luxury contracts in Palm Beach County last week. Buyers signed 10 contracts between Aug. 25 and Aug. 31 for luxury properties in Palm Beach County, according to a market report from Douglas Elliman’s Eklund-Gome
Read MoreDon’t Get Burned by the Mortgage Buydown: What Every Homebuyer Should Know

With mortgage rates sticking well above COVID-19 pandemic levels, it’s no wonder homebuyers and sellers are using creative ways to lower upfront costs and get more people into homes. Enter the mortgage buydown, a tool that cuts your interest rate either temporarily or permanently. If that sounds too
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