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.
Ara Hovnanian said it twice, homebuilders really need scale

Q3 adjusted pretax income missed guidance, the first miss in 23 quarters, underscoring operating leverage
Read MoreAircraft engine company leases Miami-Dade HQ amid mega industrial demand

An aviation services company that specializes in engine repairs, maintenance, leases and investments is moving to a headquarters in Miami-Dade that’s nearly four times the size of its current space. Powerhouse Engines signed a 10-year lease for 90,000 square feet across two industrial buildings at H
Read MoreA Toss-Up Texas Senate Race Is Becoming a Fight Over Social Security’s Future

Millions of retirees could receive less than their full Social Security benefit within the next U.S. senators' term if Congress fails to act—raising the stakes in this year’s most competitive Senate races. Social Security’s Old-Age and Survivors Insurance trust fund, which pays retirement and surviv
Read MoreDoes housing have an AI problem?

The Federal Reserve thinks so
Read MoreLuxury home developer owes partner in battle over stalled Pinecrest spec home

Devtov Group, the luxury home builder led by Juan Carlos Tovar, is on the hook for nearly $2 million in a lawsuit involving a long-stalled spec home in Pinecrest, in a case that the developer brought against its investor. An arbitrator ruled Devtov to pay Navja Corp. about $1.8 million, plus damage
Read MoreWe watched Grant Cardone’s 12-hour deposition so you don’t have to

Grant Cardone has spent years turning real estate investing into a social media spectacle. In July, attorneys suing the multifamily mogul got about 12 hours to turn the cameras back on him, and he uploaded the full odyssey to YouTube. Cardone sat for two depositions last month in a long-running clas
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Lori Anderson’s 2021 divorce gave her a green light to make a change she hadn’t realized she was ready for. The long-time Boston suburb resident gave herself permission to travel, departing for Colorado immediately, just for a change of scenery. But she realized quickly that although the divorce h
Read More Judge narrows Veterans United suit but lets RESPA claims proceed

State consumer claims are dismissed, but RESPA allegations survive
Read MoreThe scarcity pitch for private listings leaves out the key condition

Studies show that when buyers cannot see supply or terms, serious bidders may not enter and expected price can fall.
Read MoreEXCLUSIVE: Kennedy Heiress Kathleen Townsend Sells $1.6 Million Hyannis Port Retreat for Full Ask

Kathleen Kennedy Townsend, the oldest living member of the storied political dynasty, has officially sold her personal Hyannis Port retreat for $1.595 million—after failing in her efforts to turn it into an extension of her family's famed Cape Cod compound. Kennedy Townsend, 74, who is the daughter
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TV personality Kelly Ripa has laid bare a very intimate detail about the time she spent filming her hit show from home during the pandemic—admitting to "Live with Kelly and Mark" viewers that she would routinely tape footage without any pants on. The 55-year-old on-air host admitted that she got a l
Read More A Complete Guide to Flock Safety Cameras

If you live in America, chances are you’ve driven past a Flock camera at some point over the past few years. Flock has become nearly ubiquitous thanks to its use by law enforcement, HOAs, and private property owners, with a footprint in over 5,000 communities across 49 states. Flock’s technology an
Read MorePhoenix Braces for Cuts to Water Supply as Colorado River Fight Continues

Possible new restrictions on water use for the Colorado River could have major implications across seven states, but the fast-growing suburbs of Phoenix are at a special disadvantage. Later this year, the federal government's plan to break a deadlock between seven states that draw water from the Col
Read MoreIncredible Hulk: New Nissan Armada Pro-4X

The Nissan Armada Pro-4X comes standard with four-wheel drive, an electronically locking rear differential, and two-speed transfer case. Photo courtesy of Nissan Come the Apocalypse, when the heavens open, floods cover the planet, and the lands are full of fire and brimstone, you’ll be happy you bou
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Meghan Markle is reportedly set to make a return to acting in nearly a decade, after securing what is being described as a "significant" role that is understood to have played a hand in the Sussexes' shocking decision to move back to the U.K. with their children. Meghan, 45, last appeared in a leadi
Read More EXCLUSIVE: Tarek and Heather El Moussa Relist Newport Beach Rental With $7.5K Price Cut

HGTV stars Tarek El Moussa and his wife, Heather El Moussa, have relisted their Newport Beach, CA, property on the rental market—this time trimming back their asking price by $7,500. Tarek, 45, and Heather, 38, purchased the coastal dwelling back in August 2020 for $3.1 million, according to records
Read MoreMortgage Calculator: Here’s How Much You Need To Buy a $430K Home at a 6.65% Rate

Mortgage rates continued to drift lower this week, with the average rate on 30-year fixed home loans dipping to 6.65% for the week ending Aug. 20, down 2 basis points from 6.67% the previous week, according to Freddie Mac. While this second consecutive weekly drop provides a minor boost for home see
Read MoreFour Summer Wines for a Refreshing Indulgence

Enjoy crisp, mineral-driven compositions to aromatic, textured, and more richly layered pours this summer. Photo courtesy of iStock Are you looking to explore beyond familiar white wines? Alternative and interesting varietals from myriad regions are ideal for warmer temperatures and often offer fres
Read MoreSouth Florida’s top deals: Site of Al Capone home sells for $21M

🏆 Residential: The top home sale to hit records was in Miami Beach, where a trust scooped up the waterfront mansion at 270 South Hibiscus Drive for $51.5 million. The seller was a company managed by real estate broker Denis Smykalov. The home, built this year, spans 10,500 square feet and sits on a
Read MoreLe Colonial Unveils New Craft Cocktail and Zero-Proof Menus

Enjoy the the Strawberry Gin Shrub, made with New Amsterdam Gin, strawberry and rhubarb purée, house yuzu liqueur, and egg white. Photo courtesy of Le Colonial Naples Le Colonial Naples unveiled new cocktail and zero-proof menus, introducing a collection of handcrafted sips inspired by Southeast As
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