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.
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Actress and singer Rumer Willis has taken a "leap of faith" and made a surprise move to Nashville for a chance at a fresh start—after she secured primary custody of her daughter, Louetta. The 37-year-old actress, who is the daughter of Bruce Willis and Demi Moore, took to social media to detail her
Read More HELOC Loan Balances Rise $13 Billion Nationwide as More Homeowners Tap Their Equity

The national balance of home equity lines of credit increased by $13 billion during the second quarter of 2026, according to a new report from the Federal Reserve Bank of New York. This marks the 17th consecutive quarter of increases for these flexible lines of credit, known as HELOCs, the report sa
Read MoreMortgage Rates Dip Slightly to 6.67% as Hopes for Iran Peace Deal Fizzle Out

Mortgage rates eased off their one-year highs this week, as markets continue to await signs of a resolution to the Iran war and normalization of global oil prices. The average rate on 30-year fixed home loans dipped to 6.67% for the week ending Aug. 13, down 2 basis points from 6.69% the previous we
Read MoreBillionaire Ken Griffin to sell Palm Beach office building to Blackstone’s Revantage for $86M

Citadel’s Ken Griffin is cashing out of a 52-year-old Palm Beach office property, selling the Worth Avenue building to Blackstone’s Revantage for $86 million. The billionaire hedge fund titan agreed to sell the 50,000-square-foot Class A office building at 125 Worth Avenue to the Chicago-based real
Read MoreSouth Florida’s top deals: Palm Beach home sells for $17M to media CEO

Residential: The top home sale recorded was $17.1 million for a 4,900-square-foot property at 350 Seabreeze Avenue in Palm Beach. Steven K. Hudson sold the property after purchasing it for $15.8 million in May of this year. Ric Elias, co-founder and CEO of media company Red Ventures, and his wife, B
Read MoreAtlantic Pacific targets public sites for Miami-Dade’s affordable housing expansion

Atlantic Pacific Companies is bringing hundreds of affordable housing units to publicly owned sites in Miami-Dade County across two land-lease deals. The Boca Raton-based firm plans 364 income-restricted apartments on part of a school property that it is leasing from Miami-Dade County Public Schools
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It seems as though rapper Drake is in the market for a new house—but it won't be one that he lives in himself. Having earned viral acclaim in 2017 when he revealed he had bought a collection of Hermes Birkin bags for his future wife, the musician has now stepped up his marital gift-giving to real es
Read More A Viral AI Property Tax Hoax Is Targeting Some Homeowners—and It Could Cost Them Real Relief

Douglas County Assessor Toby Damisch first suspected something was wrong when Colorado homeowners started calling his office with some unusual questions. “Hey, I hear I don't have to pay the school property tax anymore,” he recalls constituents saying. Others told his office they had heard their pro
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Singer-songwriter Tamar Kaprelian has had the door to the music industry opened for her by some of the biggest names in the business, including Clive Davis and OneRepublic frontman Ryan Tedder, but the door that's led to her most creative space is one she designed at her artfully curated California
Read More The $1.4 Trillion Threat Hiding in American Neighborhoods

Claire O'Connor had a hard time believing her Pacific Palisades, CA, home carried any real wildfire risk—even after her insurance policy was dropped in November 2024. “I mean, as if our house is going to burn down,” the Los Angeles real estate agent recalled telling her husband at the time. “So many
Read MoreRFK Jr. Accuses California of ‘Ineptness’ in Handling Homelessness Crisis

Trump administration leaders have doubled down on their criticism of California homelessness policies, as local leaders pushed back. At a Tuesday press conference, Housing and Urban Development Secretary Scott Turner and Health and Human Services Secretary Robert F. Kennedy Jr. continued attacking t
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"Practical Magic" star Stockard Channing has shared candid insight into her life as a "recluse" in London, while opening up about her decision to quit the U.S. and relocate to the U.K. in the wake of her longtime partner's tragic death. The 82-year-old actress, who became a household name after star
Read More Toledano’s feud with Israeli backer escalates to third lawsuit over megaproject investment

A fallout between Isaac Toledano and Israeli backer Yaakov Morad has spiraled into a third lawsuit over South Florida real estate. Court filings portray dueling claims over two property dealings, but in real life, the bad blood has spilled into family ties, dragging in the divorce between Toledano’
Read MoreElon Musk Plans To Erect the Largest Building on Earth, and His Neighbors Aren’t Happy

Elon Musk has never been shy about his ambition. The trillionaire SpaceX and Tesla CEO's latest project, Terafab, aims to be the largest building on the planet—a semiconductor fabrication center that Musk describes as "a chip factory built for Earth and orbit." But neighbors of the project in Grimes
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Two real estate agents will have the rare opportunity to get an inside look at one of television's most infamous properties, the Scottish Highlands castle that serves as the set of hit series "The Traitors," when they join the cast of the new spinoff, "New Blood." The thrilling competition series—wh
Read More Newgard buys West Palm Beach site for luxury car concept

Harvey Hernandez’s Newgard Group scooped up a 2.6-acre site in West Palm Beach that could soon showcase luxury cars. The Miami-based developer’s commercial division plans to build a luxury car and lifestyle concept at 2500 North Florida Mango Road that would include 20 automotive studios, which wil
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Musician Travis Barker has opened up about the simple rule that he and Kourtney Kardashian have implemented at their Los Angeles home to ensure that their marriage remains as strong as possible. The 50-year-old drummer, who wed Kardashian, 47, in 2022, opened up about the couple's marriage in a wide
Read More Billionaires Ross, Pérez among real estate players backing Vicki Lopez’s election

From billionaire developers to land and zoning attorneys, Vicki Lopez’s campaign for District 5 Miami-Dade commissioner is backed by a slew of major real estate players and companies. Former state representative Lopez will face off as the incumbent against former Florida Highway Patrol Trooper Joe
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White House press secretary Karoline Leavitt will stand down from her position within a matter of days in order to spend more time at home with her husband, Nicholas Riccio, and their "beautiful children," President Donald Trump has announced. Trump shared the news in a post on his Truth Social acco
Read More Trump May Eye Cuts to Capital Gains Tax for Home Sellers, Official Says

President Donald Trump may be interested in a change to the capital gains tax for home sellers, a senior administration official has suggested. National Economic Council Director Kevin Hassett told "Fox Business" on Wednesday afternoon the president is considering the issue. Changing the capital gai
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