Southwest Florida Real Estate News and Market Insight

🏆 Residential: The top home sale to hit records was in Key Biscayne, where a waterfront property at 230 Harbor Drive changed hands for $17.5 million. The seller was Philippe Touret, chairman of the board of Nozin, which makes a nasal antiseptic, and the buyers were Jose Estrella and Jacqueline Vila

Median home sale prices surged to a new record high in June, yet housing affordability actually improved compared to a year ago, creating what at first might seem like a paradox.  To explain this contradiction, economists point beyond the raw price to a set of shifting economic factors affecting the

A historical Cape Cod estate in the idyllic Massachusetts enclave of Sandwich Village has been brought to market for the first time in more than 40 years, having been meticulously restored and expanded by its late antique dealer owner. Now on the market for $2.95 million, the five-bedroom estate kno

Homebuilding scale is arriving at the midway point through a structural inflection. The latest evidence arrived Thursday, as Stanley Martin Homes announced it had entered an agreement to acquire Florida-based Holiday Builders, a transaction that will add approximately 1,050 annual home closings, mor

Shahab Karmely and Edgardo Defortuna’s joint venture presold a penthouse at their Faena-branded luxury condo development along the Miami River for $30 million, a record for the area on price as well as price per square foot.  Karmely’s KAR Properties has long planned to develop the waterfront site i

The Club at Brickell Bay used to be a quiet residential condominium in Miami’s financial district. But it’s taken on a new identity as the “Animal House” after many of its condos were converted to vacation rentals. Police reports describe a slew of illicit activities, including drunk guests passed o

Former Los Angeles Dodgers owner Frank McCourt has listed the opulent New York City apartment he bought the same year he sold his stake in the legendary sports team—offering up the "distinguished" abode for $2.5 million less than what he purchased it for 14 years ago. The four-bedroom, 3.5-bathroom

In 2021, William and Josh Lemmon started buying single-family homes in Akron, OH, for as little as $60,000 and renting them out for as much as $1,000 per month. “The rents [we could charge compared] to the cost of buying it were insane,” William tells Realtor.com®. “So we jumped in on it.” It was th

Eight months ago, Greystone Real Estate Capital was just getting started raising money for affordable housing projects. It has now closed its second fund in less than a year, drawing three existing institutional investors and five new ones. Greystone’s latest fund brought in $137 million, pushing th

Olumide Larry Ogunjobi is used to making big moves on the field in the NFL, but his latest play was in Miami’s luxury real estate market.  The former Buffalo Bills defensive tackle marked his debut into luxury spec home development with the listing of his first project, in Miami Beach’s gated Biscay

Olumide Larry Ogunjobi is used to making big moves on the field in the NFL, but his latest play was in Miami’s luxury real estate market.  The former Buffalo Bills defensive tackle marked his debut into luxury spec home development with the listing of his first project, in Miami Beach’s gated Biscay

loanDepot has asked a federal judge to dismiss a lawsuit accusing the lender of violating federal loan originator compensation rules, arguing that mortgage brokerage West Capital Lending (WCL) lacks standing to sue and is improperly trying to use consumer protection laws to pursue a competitive busi

Nearly 15 years after opening its doors in the wake of the financial crisis, the Consumer Financial Protection Bureau (CFPB) is operating in a markedly different form than it did just a year ago. Since the Trump administration took over at the start of 2025, the agency’s operations have been in limb

Cody Pearce has returned to YES Communities, one of the nation’s largest manufactured housing community operators, as president, effective July 13, 2026, the company announced. Pearce will oversee day-to-day operations at one of the nation’s largest owners and operators of manufactured housing commu

The Beshara Real Estate Team, a RealTrends Verified-ranked team in Marrietta, Georgia, led by principal agent Brenda Beshara, has joined Compass Atlanta after 19 years with Keller Williams, the company announced on Wednesday. Based in East Cobb, the seven-person team serves buyers and sellers across

Actor Chris Pine is suing a high-profile luxury developer in Brooklyn, claiming the developer has failed to return a $100,000 deposit on a rental deal that fell through. The "Star Trek" actor alleges in a lawsuit that Carlos Saavedra and his firm, Eckstrom, are improperly holding $100,000 following

Homebuilder confidence fell again in July as affordability pressures and economic uncertainty continued to weigh on demand, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released on Thursday.  According to the index, homebuilder confidence in Ju

The FBI is reportedly investigating unusual financial transactions involving the Argentine soccer association, some of which are linked to a South Florida couple who bought $11 million worth of property in Miami-Dade County.  Argentine theater producer Javier Faroni and his wife, Erica Gillette, bou

The recently passed 21st Century ROAD to Housing Act got a lot of love and attention, as it is supposed to be the first step toward building a lot more homes in America. But as is often the case, what politicians promise can be more hype than reality, and I believe this is another example. My bias i

Home Equity Conversion Mortgage (HECM) endorsements for April showed that the nation’s top brokerages continued to originate federally insured reverse mortgages at higher or similar levels to their pace over the past year. That’s according to data released this week by Reverse Market Insight (RMI) a