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.
Florida Lawmakers Just Passed a Massive Property Tax Break—Now Comes the Hard Part

Florida voters will decide this November whether to approve one of the largest property tax cuts in state history, after lawmakers passed Gov. Ron DeSantis’ proposal to dramatically expand the state’s homestead exemption. The plan, titled “Save Our Homes From Excessive Property Taxes,” was revealed
Read MoreConnecticut Becomes Latest State To Restrict Private Listings

Connecticut will become the latest state to impose restrictions on private listings, with a new law requiring public marketing of residential real estate. Gov. Ned Lamont signed SB 340 on May 27. The bill requires residential properties of up to four units to be openly marketed and publicly accessib
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The IPO race between Anthropic and OpenAI has already seeped into the San Francisco Bay Area housing market. A seller in San Francisco is attempting to seize upon the frenzy around the companies' public offerings by trading their historical $3 million home for stock in either of the two tech giants.
Read More Why Taylor Morrison’s integration playbook matters in builder M&A

Flashback Shortly after Sheryl Palmer became chief executive officer of Taylor Morrison in 2007, I met with her in Scottsdale, Arizona, to discuss a challenge that would have intimidated many experienced homebuilding leaders. The company she had inherited was not merely navigating the early stages o
Read MoreTrump Administration Dramatically Overhauls Federal Funding for Homeless Services

The U.S. Department of Housing and Urban Development is pushing forward with controversial plans to overhaul federal homelessness assistance programs. HUD released a new $4 billion Notice of Funding Opportunity on Monday. This allows organizations to apply for grant funding to support homelessness p
Read MorePennsylvania ADU bill clears House, heads to Senate

Pennsylvania Gov. Josh Shapiro declared he intended to go big on housing. On Monday, at least one piece of that ambition cleared the state House with a bipartisan vote, setting up a tougher sell in the Republican-controlled Senate. The House passed House Bill 2186, requiring municipalities statewide
Read MoreBOXABL expands offerings with ‘kit-of-parts’ modular platform

BOXABL is moving beyond its flagship Casita accessory dwelling unit with a Phase 2 product lineup that uses three standardized modules to configure more than 20 different home and apartment types, the company announced Tuesday. The Las Vegas-based modular manufacturer launched a beta online catalog
Read MoreDeSantis’ property tax cuts head to statewide vote in November

Florida voters will decide whether to slash property taxes for homesteads come November, after the Florida Legislature passed Gov. Ron DeSantis’ proposal on Tuesday. During a special session that started on Monday, the Florida House voted 75 to 26, and the Senate 30 to 9 to send the proposed consti
Read MoreCloze Forge platform lets real estate firms ‘vibe code’ custom tools

Cloze announced Cloze Forge at the 1000WATT Signal conference on Tuesday. It’s a new platform allowing real estate brokerages to build and deploy fully branded digital tools without needing an internal development team. Cloze says Forge enables firms to “vibe-code” custom apps through its Forge Stud
Read MoreCole West promotes Chris Winter to President of Homebuilding

Utah-based Cole West named Chris Winter as the company’s new president of homebuilding to help facilitate the developer’s expanding footprint across Utah, according to a company announcement. Winter will oversee Cole West’s homebuilding operations in both Northern and Southern Utah, according to th
Read MoreThe Venmo Problem: Why Informal Payments May Be Hurting Your Mortgage Application

The notification comes through in seconds. A few taps on your phone, and the money is gone—your mom's electric bill, your kid's school supplies, groceries for a parent on a fixed income, all paid for. It barely registers as a financial decision. That's the point of apps like Venmo and Zelle. But whe
Read MoreA $10K Co-Op in New York City? Yes, With a Few Caveats

There is a way to buy a New York City apartment for less than $10,000—and that is not mistakenly leaving out two zeroes. Nor is this a rental. This is homeownership—an actual Big Apple apartment for less money than it would take to buy a small plot of land in the middle of nowhere. The deal is being
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Acclaimed singer Alanis Morissette has proven that she can conquer not only the music charts, but also the real estate market, having just sold her longtime Bay Area dwelling within days of its initial listing—and for more than $2 million over its asking price. The 52-year-old "Ironic" singer initia
Read More Why CoStar, Berkshire Hathaway are betting big on homebuilding

The past week saw two companies traditionally associated with the real estate industry make a splash in the homebuilding space. Things kicked off on Friday with CoStar Group’s $800 million all-cash acquisition of Zonda, a data company that tracks land development, construction activity, home sales
Read MoreWindermere promotes founding family member Lucy Wood to regional director

Windermere Real Estate has promoted Lucy Wood to regional director for western Washington and Oregon, placing her in charge of the company’s largest operating region. The appointment expands Wood’s leadership responsibilities across more than 170 offices and strengthens the company’s presence throug
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"Superman" star Nicholas Hoult has finally offloaded his longtime Los Angeles abode after the midcentury modern dwelling spent more than a year on the market. But it is not all good news for the 36-year-old Brit, who was forced to take a rather hefty loss on the sale of the Hollywood Hills home, whi
Read More Onity wins approval for revised reverse MSR sale to FOA

Onity Group Inc. won regulatory approval for a revised sale of most of its reverse mortgage servicing rights to Finance of America (FOA), the company said Tuesday. Under the new agreement, Onity will sell MSRs on about 20,000 Home Equity Conversion Mortgages (HECMs) with an unpaid principal balance
Read MoreHome purchase demand holds up even with mortgage rates at 6.7%

Rates for 30-year conforming mortgages stayed above 6.7% this week, but housing market activity has been resilient as weekly pending sales and purchase loan demand are up slightly compared to this time last year. At HousingWire’s Mortgage Rates Center on Tuesday, 30-year conforming loan rates averag
Read MoreCS Ventures scores $22M loan to buy Frisbie properties in Palm Beach

CS Ventures picked up a portfolio of the Frisbie Group’s Palm Beach properties just months after redevelopment plans for the sites were scrapped. Ocean Bank provided a $22 million acquisition loan for CS Ventures’ purchase of the three-story former IberiaBank building at 180 Royal Palm Way, a 20,000
Read MoreDining Passport Returns for Summer

Dine on Eastern Mediterranean fare at Sofra during Dining Passport. Photo courtesy of The Ritz-Carlton, Naples The Ritz-Carlton, Naples will welcome guests and locals to embark on a culinary journey with its summer Dining Passport offering at Dusk, Lobby Bar, Nolita, and Sofra. From June through Sep
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