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.
Building codes help, not hinder, housing affordability

University of Alabama researchers analyzed 2.7 million sales across 26 states, finding no sustained price increases after code adoption
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Eight miles from Florida's Capitol, past a gated entrance, a magnolia-lined driveway delivers you to a 6,000-square-foot cypress home that took shape from a hand-drawn sketch made after a family ski trip. The 100-acre property, known as Old St. Augustine Hills, is now on the market for the first tim
Read More NEXA Lending acquires UMortgage, adds Anthony Casa to exec team

NEXA will add UMortgage's team of 246 loan officers that originated $2.05B over the past 12 months
Read MoreHGTV-Approved Asheville Condo Smashes Local Record After Selling for $3.15 Million

A lavish downtown Asheville apartment with ties to HGTV has made history after selling for $3.15 million, setting a new record for the priciest condo sale in the North Carolina city. The two-bedroom, 2.5-bathroom residence, located at 75 Broadway St., had initially been listed for $3.75 million in F
Read MoreHow ‘Hurricane Resistant’ Babcock Ranch Is Pioneering the Future of Climate-Resilient Living

A masterplanned community in Punta Gorda, Florida is already famous for being America's first solar powered town and surviving a direct hit from Hurricane Ian unscathed. Now it plans to be an innovation hub for climate change solutions. Developed as a sustainable and "hurricane resistant" town by fo
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A strikingly modern Michigan property that was designed by late award-winning architect Ken Neumann, FAIA, as his personal residence has been listed for $3.25 million—marking its first time on the market since its 1987 construction. The five-bedroom, 5.5-bathroom masterpiece is located in Franklin,
Read More United's next decision: What to do with all those Boeing 737 Max 10 seats it ordered years ago

United Airlines wanted to put lie-flat premium seats on its Max 10 planes once they were certified, but that has been delayed by years.
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United Airlines CEO Scott Kirby talked to CNBC in a wide-ranging interview about his proposed airline megadeals, AI and the future of the carrier.
Read More Spheres of Influence: How Geodesic Dome Homes Evolved From Post-War Housing Fix to Disney World Icon

At face value, a dome home may seem like an unconventional choice for a residence. But with unparalleled structural integrity and a sustainable edge, these properties are an excellent choice for dwellings of all kinds, whether the goal is to live off-grid or to simply flood a spacious home with natu
Read MoreSouth Florida Dirt: Mandarin Oriental Boca Raton developer fires back

The developer of the stalled Mandarin Oriental Boca Raton condo project was able to score one win, albeit small. Affiliates of Penn-Florida Companies sued their lender, entities tied to New York-based Madison Realty Capital, over the pending foreclosure of the luxury development, which has been tie
Read MoreWhat can the government do to lower mortgage rates?

They have levers to pull, but not before some issues get resolved
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The future owner of a newly-listed Ohio residence will never need to worry about shopping for roof shingles—but they should take care to ensure that their lawnmower is in good condition. Because the earth-sheltered property, which is located in Huron, OH, is built almost entirely under the ground, c
Read More Beachfront Concrete ‘Ball’ House in Florida Looks Like It’s Been Pulled From a ‘Star Wars’ Movie

Beachfront dwellings are a dime a dozen in Florida—but there is a Pensacola property currently on the market that really stands out from the crowd, so much so that you'd sooner think it was part of a movie set than an ocean-adjacent abode. The ball-shaped concrete dome home, which is now on the mark
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A four-bedroom cottage that was originally designed and built by Irving Price, co-creator of the Fisher Price Toy Company, has hit the market on the shores of Lake Erie for the bargain price of $399,000. Built in 1926 to serve as the Price family's summer cottage, the waterfront property in Fredonia
Read More The Ultimate Celebrity Status Symbol: Owning an Exclusive Private Island

For most people, owning a vacation home is the ultimate real estate dream—but for some of Hollywood's biggest stars, even a sprawling mansion isn't quite private enough. Over the years, a slew of A-listers have taken their property portfolios to another level by purchasing entire islands, transformi
Read MoreGlamping Retreat Offers Job With Free Housing in Geodesic Dome, and Applications Flood In

When Ryan Wagner began looking for a caretaker for his 76-acre glamping retreat in South Haven, MI, he decided to put up a post on LinkedIn offering not only a competitive salary, but free housing as well. Within days, Wagner was deluged with applications. "I was expecting some response, but I was n
Read MoreNRI scores $177M refi for Thesis Miami mixed-use project in Coral Gables

The developer of the mixed-use Thesis Miami property in Coral Gables landed $177 million in refinancing from Barry Sternlicht’s Starwood Property Trust and New York-based Ramsfield Hospitality Finance. Thesis and property owner Nolan Reynolds International secured $135 million for the multifamily an
Read MoreAltadena Wildfire Victims Turn to Factory Homes To Speed Rebuilding Process

Block by block, brick by brick, devastated Altadena, CA, is slowly coming back 18 months after the devastating Palisades and Eaton fires. And in one case, an empty lot will have a rebuilt home on it in a matter of months, as one of the first factory-built homes in the rebuilding process comes togeth
Read MoreTorrealba’s troubles: MG Developer overdue on millions in debt, preferred equity, lawsuits say

Alirio Torrealba and his MG Developer were hit with four lawsuits this week alleging defaults on $2.2 million in preferred equity and millions more in loans tied to several South Florida holdings. The Coral Gables-based developer, which has a hefty pipeline spanning from Hialeah to North Bay Village
Read MoreloanDepot receives NYSE notice over sub-$1 share price

NYSE gives the nonbank lender six months to lift its share price
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