Southwest Florida Real Estate News and Market Insight

Federal policymakers have been debating whether Americans should be able to pull money from their retirement accounts in order to afford a down payment on a new home. While financial experts have cautioned against the idea, two studies released this month point to potential benefits. As it stands, h

Baron Property Group secured a $226.5 million refinancing for an apartment development in Hialeah that’s nearly 50 percent leased. Madison Realty Capital and Yellowstone Real Estate provided the refinancing to the New York- and Miami-based developer for the 559-unit Metro Parc complex at 952 East 26

PennyMac Financial Services on Wednesday reported second-quarter 2026 net income of $22 million, down 84% from a year earlier and sharply lower than its first-quarter net income of $82.3 million, as higher interest rates reduced mortgage production volume and weighed on profitability. The company’s

Navigating the housing market often means tackling a mountain of unfamiliar real estate terms, complex tax programs, and fluctuating mortgage rates. But today’s home shoppers on Realtor.com® have new tools to answer tough questions. Launched this week, RealAssist AI is a homebuying assistant tool bu

Navigating the housing market often means tackling a mountain of unfamiliar real estate terms, complex tax programs, and fluctuating mortgage rates. But today’s home shoppers on Realtor.com® have new tools to answer tough questions. Launched this week, RealAssist AI is a homebuying assistant tool bu

Oracle founder Larry Ellison closed on his purchase of land next to his Manalapan estate for $34.4 million.  Ellison acquired the 2.2-acre southern portion of the property at 1960 South Ocean Boulevard from developer Stewart Satter. Satter sold the other piece to WeatherTech mogul David MacNeil for

A waterfront residential parcel in Golden Beach sold for $24 million, representing one of the few remaining available oceanfront properties of its size in the ultra-luxury enclave.  An entity led by Amicus Medical Group president David Rodriguez, bought the 0.6-acre lot at 625 Ocean Boulevard and fi

Today the Federal Reserve decided not to hike rates, but the hawks have moved their chess pieces: three Fed members wanted to hike rates at this meeting, which means September is in play for the first rate hike after the cut cycle ended. However, the long end of the bond market has already done the

CoStar Group reported an 18% year-over-year revenue increase for the second quarter ended June 30 — reaching $925 million compared to $781 million in the same period last year. Leaders said growth was driven by major technological expansions, increased platform engagement and significant operational

Cloze has introduced an Open House app for its Enterprise customers that automatically captures visitor information at property showings and feeds it into the company’s customer relationship management system, aiming to simplify follow-up with prospective buyers. The app replaces traditional paper s

Proprietary reverse mortgages, rather than government-insured Home Equity Conversion Mortgages (HECMs), are driving the reverse mortgage industry’s recent growth, according to an analysis of Home Mortgage Disclosure Act (HMDA) data published Wednesday by New View Advisors. Total reverse mortgage vol

Tech and media executive Mason Paul Slaine paid $40.9 million for an oceanfront mansion on Broward County’s coveted Hillsboro Mile in Hillsboro Beach, nearing one of the priciest home sales on the exclusive stretch. The chairman of Cast & Crew Entertainment Services and former co-owner of FT Media H

ONE Sotheby’s International Realty has added luxury real estate advisor Julian Johnston, bringing more than $10 billion in career sales and more than $400 million in active listing inventory to the brokerage. Johnston, who specializes in Miami Beach waterfront and ultra-luxury estate properties, joi

A rental listing in Walnut Creek, CA, has sparked outrage amongst renters—thanks to its $200 monthly fee for tenants who work from home.  In an already suffocating housing market where tenants feel stretched to the brink, this particular landlord is charging $3,250 monthly rent (which reportedly cov

Federal Reserve policymakers have voted to leave interest rates steady, despite growing concerns about inflation that prompted several officials to dissent in favor of a rate hike. Fed Chairman Kevin Warsh joined the majority on the 12-member Federal Open Market Committee in the 9-3 vote in favor of

The Federal Reserve on Wednesday left its benchmark interest rate unchanged, maintaining a target range of 3.5% to 3.75% for a fifth consecutive meeting. Heading into the meeting, most monetary policy watchers had expected the Fed to stand pat after inflation cooled in June. Still, a minority (about

NBA legend LeBron James caused quite the stir when he confirmed that he had signed a new deal with the Philadelphia 76ers—but his move to the team has now sparked even more confusion amid reports that the basketball pro is planning to live in New York City and then "supercommute" to the Pennsylvania

A private school is in talks to acquire 57 acres of city-owned land in West Palm Beach for its third South Florida campus.  City commissioners  approved a term sheet authorizing negotiations for the potential $6.6 million sale of the land along Roebuck Road near Florida’s Turnpike to Pine Crest Scho

With all the talk of the Super El Niño developing this year and affecting the upcoming winter months, the Old Farmer’s Almanac has a more pleasant outlook for the fall season.  The fall 2026 forecast reveals a distinct national split: a warm interior wrapped in cooler coastal weather, alongside drie

Congress has confirmed a new permanent director of national intelligence, marking the end of top mortgage regulator Bill Pulte's tenure as acting replacement for former director Tulsi Gabbard. The Senate confirmed Jay Clayton to role by a vote of 51-47 Tuesday night. The director of national intelli