Southwest Florida Real Estate News and Market Insight

Hollywood actress Elisha Cuthbert has officially sold her lavish Los Angeles home for $1.93 million, days after the property was put back on the market with a significant discount. Cuthbert, 43, who is originally from Canada, has made multiple attempts to offload the property in recent years, initia

Corn farmers are heading into another difficult year—one that could well tip the industry into unsustainable territory thanks to a dangerous combination of soaring land costs and plummeting crop prices. The global benchmark price for corn fell from about $349 per metric ton in April 2022 to $196 in

A legal battle over residency rights in a Jacksonville, FL, 55-plus community has intensified after homeowners' association members voted to pursue the eviction of a 28-year-old woman who inherited her late father’s home. Her dispute with the Freedom at Arbor Mill community has thrust TikTok influen

A New Jersey homeowner has filed a lawsuit against Newrez LLC, dba Shellpoint Mortgage Servicing, alleging the company engaged in years of unfair mortgage servicing practices that deprived her of a meaningful opportunity to avoid foreclosure. The complaint, filed in the Superior Court of New Jersey,

If you look around your neighborhood, the chances of seeing a kid on a lawn mower these days are rare. These days, many teens are choosing digital side hustles or online gig work over physical labor. Since professional lawn care can run you between $100 and $500 or more per month, this shift may lea

Vlad Doronin’s second condo tower in Edgewater and 13th Floor Investments’ proposal for a Nobu-branded residential building next to a historic Brickell church are advancing.  The Miami Urban Development Review Board voted in favor of both developments on Wednesday, with most board members gushing ov

A retired New York lawyer who bought a $5.5 million Cape Cod mansion that was teetering on the verge of falling into the ocean claims he shouldn’t have to pay off his mortgage because he was “manic” when he bought it. John G. Bonomi Jr, 66, purchased the 5,817-square-foot dwelling situated between C

According to Aaron Kirman, much of his success in the real estate industry first as a solo agent, then as a team leader and now as a brokerage CEO, has come from keeping his finger on the pulse of the industry and taking a critical approach to his business.  “Life is always an evolution and you don’

The first new condo development that Malibu has seen in two decades has officially opened its doors—revealing a veritable oasis of wellness-centric amenities designed to offer the very best in coastal living, without the eight-figure price tags that so are so often attached to properties in the excl

Residential construction activity picked up in June, but the gains were concentrated in multifamily, and future supply indicators softened, according to newly released U.S. Census Bureau data.  Privately owned housing starts rose to a seasonally adjusted annual rate of roughly 1.3 million units in J

Plans for a proposed data center in Palm Beach County hit a major roadblock Wednesday after county commissioners rejected a zoning application that would have allowed the project’s development.  At the end of a 12-hour hearing, officials voted 5-1 to deny an amended zoning application that would hav

Union Home Mortgage Corp. (UHM) has acquired AmeriTrust Mortgage Corp. in an asset deal that closed in 45 days, boosting UHM’s exposure to the nonqualified mortgage (non-QM) market. Financial terms were not disclosed. “There have been long-term relationships between some of the senior executives on

Housing starts beating estimates while housing permits are near cycle lows is an odd situation, but I am here to make sense of it and explain where exactly we are in the housing construction cycle. First, we have to always remember that housing starts are a very volatile number with a lot of revisio

More than 4,000 completed homes remain missing from the property tax rolls in Montgomery County, TX—and that's progress. The backlog once stood at roughly 12,000 properties. Just last year, the Montgomery Central Appraisal District added 5,052 previously missed homes to the rolls, restoring approxim

RiskSpan has launched a new credit risk model designed for the expanding nonqualified mortgage (non-QM) market, adding to its existing prepayment modeling tools as investors seek more specialized analytics for the asset class. The company announced Friday the general availability of Credit Model 7.1

Rates surged this week to levels not seen in 11 months as the conflict between the U.S. and Iran continued ratcheting up with no resolution in sight, putting renewed upward pressure on energy prices and bond yields. The average rate on 30-year fixed home loans jumped to 6.55% for the week ending Jul

Pablo Castro came into South Florida real estate with a bang. Over the past two years, the Spanish developer, who has never built in the U.S. and until recently had zero name recognition here, proposed Florida’s largest known multifamily complex, bought the site, secured approval and stirred controv

Construction of new single-family homes across the U.S. stalled in June as builders continued pulling back due to high mortgage rates, but the multifamily sector roared back to life, the U.S. Census Bureau reported Friday. Single-family housing starts last month were at a seasonally adjusted annual

Billionaire Citadel founder and CEO Ken Griffin could scoop up one of Brickell’s oldest buildings, which sits across from the hedge fund’s future headquarters and is the only missing piece of his full city block. Miami city commissioners next week will consider selling a city-owned white wood-frame

The Four Seasons Resort Orlando offers free shuttle service to Disney theme parks (including Magic Kingdom). Courtesy of Four Seasons Orlando Walt Disney World was a cornerstone of my childhood. My family became annual passholders during the twenty-fifth anniversary celebration and visited regularly