Southwest Florida Real Estate News and Market Insight

The May existing-home sales report from the National Association of Realtors (NAR) shows sales at just 4.03 million, a 0.7% decrease year over year and up 0.8% compared to April. It was the slowest May for existing home sales since 2009 and the fourth consecutive month with a year-over-year decline

A Venezuelan media mogul who U.S. authorities have charged with money laundering offloaded a Fisher Island condominium in a deal that stemmed from a legal filing in an anti-terrorism case. Planet 2 Reaching, a company tied to Venezuelan TV magnate Raúl Gorrín, parted with the 9,800-square-foot condo

Fair Isaac Corp. (FICO) will incorporate Buy Now, Pay Later (BNPL) data into two of its credit scores set to launch in Fall 2025. The company, which owns the rights to the market’s most widely adopted consumer credit risk assessment methodology, announced the move on Monday.The change will provide m

Rosie O’Donnell’s former Star Island estate in Miami Beach entered into contract last week, leading the Eklund-Gomes report. The waterfront mansion is on the market for $48 million.  Buyers signed 17 contracts for luxury properties in Miami-Dade County between June 16 and June 22, according to the r

After the weekend’s global events, many expected that the bombing of Iran’s nuclear facilities would influence bond yields, either up or down, today. However, the real surprise came from Michelle Bowman, Federal Reserve Vice Chair of Supervision, who talked about a potential rate cut in July.In a sp

Though more than half of Americans believe Medicare will cover long-term care expenses (58%), coverage is actually limited and short-term. Many families will need to adapt to rising healthcare costs, and it is a particular challenge as they seek to age-in-place in their home.That’s according to insu

I’ve been in this business long enough to know the truth that most agents don’t want to hear: The road to real estate success isn’t paved with hacks or shortcuts. It’s built on consistency, accountability, and the willingness to do what’s hard, especially when you don’t feel like it.So let’s talk ab

Pura Vida, Tremble, more | Aventura Open-air shopping center Esplanade at Aventura scored 17 tenants for a combined 54,800 square feet.  This month, Tremble will open a 1,600-square-foot gym and Bank of America will open a 4,700-square-foot branch at 19505 Biscayne Boulevard in Aventura, according t

Riviera Beach officials cleared a path for Related Group’s affordable arm to develop a 149-unit workforce housing project at Marina Village. The Riviera Beach City Council on Wednesday approved the replat of 2.4 acres between Broadway and Avenue C just south of East 12th Street for the Residences at

Reports of federal immigration agents detaining construction workers across the state are trickling in.  Six of more than 100 people who were detained by U.S. Immigration and Customs Enforcement agents in Tallahassee late last month were recently charged with illegal reentry into the U.S.   Construc

On Saturday night, the U.S. bombed Iranian nuclear sites, sending shockwaves around the world and leading people to ask me what this means for mortgage rates. This type of global event can lead to significant market movements in oil prices, the U.S. dollar and the 10-year yield in the short term. Ho

The most notable housing trend for me in 2024 and 2025 has been inventory growth, particularly the increase in new listings during this time. I had set a minimal target of 80,000 new listings per week for 2025 and we’ve met that goal two times this year. However, the data for new listings is losing

Kolter Group and Perko Development dropped $37.6 million on the buyout of an aging condominium in West Palm Beach across the water from Donald Trump’s Mar-a-Lago Club. The partners bought all 38 units in Flagler House at 3705 South Flagler Drive from the individual owners and terminated the condo as

Palm Beach’s luxury real estate boom is fueling a rare phenomenon: the million-dollar property tax bill. Of all the affluent homeowners on the island, no one has a higher bill than billionaire hedge funder Ken Griffin, whose property tax bill is more than $10 million, according to Bloomberg. Griffin

Welcome back to Tech Pulse — a new weekly series rounding up the latest in technology, including tools, integrations and trends that impact mortgage and real estate.Here’s what happened this week:Longbridge’s Bill Packer on crafting AI that’s inclusive of seniorsAs AI becomes more common in financia

Dono, a company that offers artificial intelligence (AI)-based tools for title production, has appointed industry veteran Anthony Nalbone as its new head of revenue.Nalbone, who brings more than two decades of experience in the title insurance sector, joins Dono following a series of leadership role

Redfin has launched a new feature in partnership with home services provider Thumbtack to help homeowners find and hire professionals for home improvement and maintenance projects.By claiming their property on Redfin and visiting the Owner Dashboard, homeowners can now access a range of services — i

The American Land Title Association (ALTA) has announced three internal promotions as part of a broader effort to strengthen leadership and advocacy across the title insurance industry.Elizabeth BlosserElizabeth Blosser has been named as chief strategy, communications and innovation officer. She for

Premier Sotheby’s International Realty has reopened its office in Asheville, North Carolina, marking a significant milestone in the region’s recovery from Hurricane Helene.The real estate agency, which was severely damaged in the storm, underwent extensive restoration over the past nine months. Its

The expanding ubiquity of artificial intelligence (AI) across all facets of life is not showing any signs of a slowdown — and that includes its interactions with the reverse mortgage industry. Bill Packer, chief operating officer of Longbridge Financial, previously explained how senior-focused tailo