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.
GL Homes rental highrise approved within massive development in Sunrise

GL Homes won site-plan approval for an eight-story multifamily development near the Sawgrass Mills shopping mall in Sunrise, where it is planning a massive mixed-use development of highrises. The Sunrise City Commission voted Tuesday night to approve the 294-unit project’s site plan. It spans 5.5 ac
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Breathtaking views, a calming garden, and lots of privacy—sounds like a recipe for success for creative professionals who may occasionally work from home. Enter: prolific film editor Billy Weber’s tranquil Los Angeles abode, which just hit the market for $3.99 million. Located on the crest of a ridg
Read More They Just Built Their Dream Home on Cape Cod—Now the State Will Tear It Down

Last summer, Marc and Joan Hendel were among the owners of 13 homes Massachusetts planned to seize by eminent domain to make way for the new Sagamore Bridge. Now, most of those homes belong to the state. By April of this year, Massachusetts had taken 11 of the 13 properties, including the Hendels' n
Read MoreMortgage Applications Rise After Hope of Iran Peace Deal Drove Brief Dip in Rates

Mortgage applications to purchase and refinance a home both rose last week, when hopes of a deal to end the Iran war drove a brief dip in mortgage rates, according to the Mortgage Bankers Association. For the week ending Aug. 7, MBA's Market Composite Index—a measure of total mortgage loan applicati
Read MoreSolar eclipse drives Europe hotel prices to over $1,000 a night

Eclipse demand pushed some Spain and Iceland stays above $1,000 a night, while Iceland hotels cut prices sharply closer to Aug. 12.
Read MoreThe hidden data problem costing national builders millions

Homebuilders have invested heavily in technology, purchasing customer relationship management platforms, enterprise resource planning systems and other technologies designed to improve operational performance. Yet many still lack a clear view of the product at the center of their business: the homes
Read MoreTexas HOA laws are changing board responsibilities. Here’s how communities can keep up.

Serving on a homeowners’ association (HOA) board has always meant balancing the needs of the community with the responsibility of managing its finances and addressing resident concerns. However, these responsibilities are only becoming more demanding as Texas communities expand. From mid-2024 to mid
Read MoreWhen it comes to closing workflow gaps, does one size really fit all?

For the past several years, title agents have been giving their technology partners some version of the same request: help us close the gaps. Those “gaps” are the smaller, tedious tasks wedged between the systems already handled by a production platform or search technology. They include the orders
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TV mogul Oprah Winfrey has gone back to where her media career started—returning to her former hometown of Chicago, where she enjoyed a sweet reunion with her former colleagues on "The Oprah Winfrey Show" weeks before the 40th anniversary of its premiere episode. The 72-year-old media personality wa
Read More One of Broward’s biggest HOAs sparks backlash over proposed rental restrictions

The master association for one of Broward County’s largest homeowners associations is set to vote on changes that some owners say would restrict property rights and allow the association to discriminate against landlords and tenants. The association, which covers more than 3,100 homes across more t
Read MoreHomeowners Insurance Premiums in Texas Surged 30% in 5 Years—10 Times Faster Than Incomes

Homeowners in Texas are grappling with rising insurance premiums, as carriers raise rates in the disaster-prone state. Between 2019 and 2024, home insurance premiums rose 30% in Texas, to an average of $2,983 annually, according to a new report from Rice University's Kinder Institute for Urban Resea
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Mario Lopez’s former Spanish Revival estate is back on the market in California for $5.79 million, three years after the "Access Hollywood" host and his family moved out. Much like its former owner's beloved “Saved by the Bell” role, A.C. Slater, the Glendale home is an iconic character in its own r
Read More Small businesses shun retirement plans over cost, complexity fears

Only about half of U.S. private-sector workers participate in an employer-sponsored retirement plan at any given time — a gap driven almost entirely by small employers, according to new research from the Center for Retirement Research at Boston College. While more than 90% of larger employers offer
Read MoreInflation and interest rates are still choking CRE i-sales, excluding industrial

Commercial real estate investment in South Florida has soared since last year. But don’t get excited yet. Most property types are feeling the weight of elevated inflation and interest rates. “When you have those two things going on, the institutional markets are like, ‘We don’t have certainty. Pen
Read MoreFirstTeam expands in Midwest with new Kansas City office

FirstTeam has expanded its national brokerage footprint into Kansas and Missouri, partnering with broker-owner Scott Eckhoff and Rival Real Estate to open the company’s first Midwest office in Kansas City, the company announced Tuesday. The move marks the next phase of FirstTeam’s national expansion
Read MoreBessent Says the K-Shaped Economy Is Over—Housing Tells a Different Story

The K-shaped economy is “over,” according to Treasury Secretary Scott Bessent. “I got sick of hearing about this K-shaped economy,” Bessent said in an appearance on CNBC’s "Squawk Box." “I can say here definitively, the K-shaped economy is over.” The term describes an economy in which segments of th
Read MorePalm Beach estate asking $76M tops explosive week for Palm Beach County luxury market

Palm Beach County’s luxury market was on fire last week, led by a Palm Beach estate that landed a contract with an asking price of $76 million. Buyers signed 16 contracts between Aug. 3 through Aug. 9, according to the weekly report by Douglas Elliman’s Eklund-Gomes team, which tracks all listings
Read MoreEpique Realty CEO Josh Miller offers 3-point fix for agent tech adoption

Josh Miller, CEO and co-founder of Epique Realty, told attendees at Tuesday’s HousingWire AI Summit that the real estate industry’s most expensive technology investments are often the least used. He offered a three-part prescription to solve the problem. Brokerages spend thousands of dollars on tool
Read MoreMortgage insurers face larger safety net rule for VantageScore 4.0

Mortgage insurers will be required to keep a larger safety net for mortgages originated using VantageScore 4.0 than for comparable loans using Classic FICO, according to new guidance from the government-sponsored enterprises (GSEs). In late July, Fannie Mae and Freddie Mac published a new grid for t
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Indianapolis Colts star Sauce Gardner has filed a lawsuit against a Michigan construction company—claiming that the business failed to carry out renovations to a $935,000 abandoned apartment building in Detroit, despite receiving a $500,000 deposit to secure its services. The NFL athlete—whose real
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