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.
A Bank Lent $3.85 Million on a Home Falling Into the Ocean—How Did It Happen?

Months before a buyer paid $5.5 million for a house perched above Cape Cod Bay, a local newspaper described it as "endangered." The foundation sat less than 14 feet from the edge of a Wellfleet bluff that had been retreating at a rate of 6 to 7 feet per year. At that pace, the house was on track to
Read MoreThe 9 Cities Where Homebuyers Are About To Take Control

Despite high mortgage rates and broader economic uncertainty, this spring delivered the most buyer- friendly conditions in nearly seven years as the roster of genuine buyer's markets expanded to 19 metros. Now nine more metro areas are poised to join the ranks of buyer's markets by the end of the su
Read MoreThe ‘Widow Tax’ Could Reshape the Great Wealth Transfer—Starting With the Family Home

When Evelyn Delgado called her auto insurer after her husband died, she expected the bill to fall—after all, the policy now covered only one driver instead of two. But after removing her husband, Delgado’s premium jumped by $280 a year. “You can imagine my shock,” the Central Texas widow told legisl
Read MoreIs the Zestimate era coming to an end?

For nearly two decades, consumers have had the ability to answer one of life’s biggest financial questions almost instantly: “What is my home worth?” Today, millions of homeowners monitor their home’s estimated value almost as closely as they monitor their investment portfolios. Anyone who has spent
Read MoreWe are not ready for the next housing downturn

The pandemic wrought financial havoc across the economy, but its impact on the housing market was significantly reduced due to a whole-of-government response that enabled millions of families to stay in their homes. The rapid deployment of forbearance, the ability to pause mortgage payments and a sl
Read MoreFrom automation to intelligence: Why enterprise AI mortgage operations are reshaping the industry

Artificial intelligence has introduced hundreds of tools to the mortgage industry, but many lenders are still struggling with rising costs, fragmented workflows and inconsistent productivity. According to Siddhartha Agarwal, CEO of JazzX AI, the next phase of AI adoption isn’t about adding another a
Read MoreThe Holiday acquisition is about Daiwa House’s next decade

The long game Was never about one Acquisition Viewed through a sharply narrowed lens of a single transaction, Holiday Builders adds another respected, cycle-tested, deeply regionally invested homebuilder to Stanley Martin Homes‘ growing portfolio. However, through the panoramic landscape lens of Dai
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Homebuyers who have dreamed of owning a wine country retreat could well get the chance to snap one up at a bargain price when a luxurious 700-acre estate that was once home to legendary "Jeopardy!" host Alex Trebek is put up for auction—with no reserve. The extraordinary ranch property known as Wind
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Former reality star Yolanda Hadid has quietly removed her iconic Pennsylvania farmhouse from the market once again—just three months after the sprawling property was relisted for $10.88 million, having "fallen out of escrow." Hadid, 62, first brought the sprawling 30-acre sanctuary to the market in
Read More Miami is now more expensive than New York City

Miami was once the Emerald City for New York professionals chasing more sun and cheaper costs. Lower taxes, cheaper real estate and year-round warmth made Florida feel like the dream destination for putting down roots. But now that shine is wearing off. With insurance costs, private school tuition
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"Clueless" star Alicia Silverstone is known as one of Hollywood's most prominent eco warriors—regularly touting the benefits of her vegan diet and her desire to ensure that her son, Bear, enjoys the healthiest lifestyle possible. And nowhere is that ethos more apparent than inside the Los Angeles ho
Read More Buyers at Rishi Kapoor’s condo projects could get share of $4M in receivership funds

Some buyers and creditors who lost money in convicted developer Rishi Kapoor’s real estate schemes could split roughly $3.5 million in receivership funds. Bankruptcy attorney Bernice Lee, the court-appointed receiver for Kapoor’s defunct firm Location Ventures and its affiliates, is seeking authoriz
Read MoreM/I, Meritage team up to fund $7.6M bridge to growth in a Texas town

A new public-private partnership in Central Texas solves for a common stumbling block for homebuilders, who face having to balance home price affordability with the public infrastructure investments their projects often require. On Friday, the City of Buda, TX, located about 15 miles south of Austin
Read MoreData Centers Driving Up Electric Bills Draw Congressional Attention

The government could convene energy utilities, regulators, and data center developers to determine how to prevent the large projects from raising Americans' energy bills, under a proposal in the U.S. House. The Protecting Families From AI Data Center Energy Costs Act would require the Federal Energy
Read MoreConnecticut Homebuyer Finds 3 Dead Bodies in House Purchased Sight-Unseen

Earlier this summer, Edward Marchion discovered a grisly scene in a home he purchased through a foreclosure auction. Marchion, a Newington, CT, resident, purchased 7 Stanwich Lane, a four-bedroom, 3-bathroom home in Burlington, CT, for $525,000. The 2,800-square-foot home sits on more than 2 acres a
Read MoreCompass moves from AI content creation to AI task execution in Home Platform

Compass International Holdings has introduced AI Assistant, a conversational agent embedded across its new Home Platform that lets real estate professionals describe what they want to do and have the system complete tasks on their behalf, the company announced Monday. The launch comes just weeks aft
Read MoreAD Mortgage flags condo reserve rules in FHFA letter

AD Mortgage has launched a public policy initiative aimed at increasing its engagement with federal and state policymakers on housing finance issues, beginning with recommendations to the Federal Housing Finance Agency regarding condominium financing. The initiative has already taken off running. In
Read MoreHow high can mortgage rates go with Iran conflict 2.0?

It’s Monday and the Iran conflict looks like it will hit its 10th day straight of renewed missile and drone attacks. Oil prices are up a smidge today and the question now is: how much higher can mortgage rates go with so much already priced into the markets? 10-year yield and mortgage rates In the
Read MoreSame House, Higher Bill: Why Some Homeowners Pay More for Insurance Than Others

Imagine two houses on the same street—same size, same age, same everything. But one homeowner will pay $1,200 a year to insure theirs, while another will pay $2,100. It might sound like a pricing error, but it isn’t. A recent Urban Institute analysis of mortgage and insurance data found this kind o
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Philadelphia Eagles running back Saquon Barkley's $4 million Pennsylvania home was the subject of a home invasion over the weekend—while the athlete was at the property with his family. Local officials confirmed that the Chester County, PA, property was targeted in an incident that took place on Jul
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