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.
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NBA free agent Ben Simmons is making a second attempt to sell his palatial New York apartment—putting the condo back on the market for the reduced price of $14.99 million. Simmons, 29, who is originally from Australia, first put his designer Dumbo dwelling on the market for $16.99 million in March 2
Read More Nadim Ashi’s latest Surf Club condo closes first four sales for $161M

Nadim Ashi’s Fort Partners closed its first four sales in the newly completed Seaway at the Surf Club North in Surfside for a total of $161.2 million. Fort affiliate Hillcrest Land LLC sold the units in the 11-story, 10-unit building at 9165 Collins Avenue to a smattering of hidden buyers, the South
Read MoreLease roundup: Chef Eyal Shani opening Naked Tomato at Moxy hotel

Naked Tomato | Miami Beach Chef Eyal Shani will open a new restaurant at the Moxy Miami South Beach hotel. Naked Tomato, inspired by roadside flavors found at Israeli gas stations and channeling the spirit of a modern diner, will open on May 14 in a 4,600-square-foot space, including 2,900 square
Read MoreSouth Florida’s top deals: Surfside condos attract wealthy buyers

🏆 Commercial: The most expensive commercial property sold Friday was $6.3 million, or $214 per square foot, for a 29,427-square-foot industrial site at 1241-1251 North Dixie Highway in Pompano Beach. Seva Florida Properties sold it to a buyer with an address in Weston. 🏆 Residential: The top resid
Read MoreChildcare Is Breaking Family Budgets in Every State—and Deepening the Housing Squeeze

The U.S. Department of Health and Human Services defines childcare as affordable if it costs 7% or less of a family's income. Yet, in every single state, the typical family far exceeds that threshold, qualifying them as “cost-burdened” by this essential service. The timing couldn’t be worse as 1 in
Read MoreNearly 4 in 5 Americans Don’t Feel Their Financial Future Is Secure. Owning a Home Could Be the Fix

Economic strains have many Americans concerned about their financial future. A new Intuit Credit Karma/Harris Poll study found that 78% of Americans don't feel financially secure, even if they’ve been saving and playing by the rules. Moreover, nearly 3 in 4 Americans (72%) shared that their curren
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Oriented strand board (OSB) has been a trusted staple in construction for decades. Builders have relied on its consistency, familiarity and structural performance in an industry where predictability often outweighs experimentation. But as fire risk intensifies, building codes evolve and insurance pr
Read More The mortgage industry optimized for affordability. It ignored capital efficiency.

For decades, mortgage lending has been built around a single objective: to make homeownership affordable. The 30-year fixed-rate mortgage became the dominant structure because it lowers monthly payments, expands borrower eligibility, and fits cleanly into underwriting frameworks built around debt-to
Read MoreSpeed-to-lead: Your strongest competitive advantage in homebuilding lies in response time

Builders are generating more online leads than ever, but many are missing what matters most: speed. The homebuying journey now begins with an online inquiry, a form submission or a request for pricing and the outcome is increasingly determined by how quickly a builder responds. New Home Star is work
Read MoreConnecticut Nanny Hopes To Build 3 Apartments in Backyard Barn Over Opposition From Neighbors

In Connecticut, a homeowner hopes to use a density bonus rule in the state’s affordable housing law to turn a backyard barn into three separate apartments despite prickly opposition from neighbors. Rose Marino, who owns a single-family home on Putnam Park Road in the quiet town of Bethel, CT, has pu
Read MoreGrace Place Celebrates Third Annual Young Authors Festival

Grace Place for Children and Families hosted its third annual Young Authors Festival on Wednesday, April 15, bringing together students, families, and community partners for an afternoon celebrating creativity, storytelling, and literacy. The event highlighted original books written and illustrated
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Perched high above Montecito in one of the area's most storied neighborhoods, a Mediterranean estate on the market for the first time in 20 years offers buyers a chance to own a piece of California history. Priced at $17 million, the expansive residence at 358 Woodley Road blends Pacific views and a
Read More The Weekly Dirt: Florida’s AG digs in on Bal Harbour’s Live Local fight

Florida’s Attorney General is backing up Whitman Family Development in its fight over a Live Local project in Bal Harbour. James Uthmeier filed a friend-of-the-court brief in the lawsuit between the developer and the village of Bal Harbour, a “significant and unusual” move, said Whitman CEO Matthew
Read MoreThis 180-Year-Old Cobble Hill Townhouse Has Been Reimagined Into a $14 Million Modern Masterpiece

A 180-year-old Cobble Hill townhouse that was recently reimagined by a renowned atelier has hit the market for $14.3 million—having undergone the kind of jaw-dropping transformation that will redefine its future. The stunning 6,271-square-foot residence is the first release in ESTABLISHED BY ECKSTRØ
Read MoreArchitect Karl Kamrath’s ‘Exceptional’ Midcentury Modern Retreat Hits the Market for $5.2 Million

An exciting piece of architectural history has arrived on the market in Texas in the form of a striking midcentury modern home designed by revered modernist architect Karl Kamrath. The five-bedroom Houston residence at 8 Tiel Way, which is on the market for $5.2 million, is tucked along the edge of
Read MoreBoomers Own a Third of All Housing Wealth—Here Are the Markets They Dominate

As baby boomers and older Americans age and begin to downsize, some cities are poised to see new housing become available to younger generations. But the "silver tsunami" of home sales won't hit all cities in the same way. And, the instability roiling the market today could exact a toll of its own.
Read MoreHomeowners insurance is reshaping the real estate transaction

Securing homeowners’ insurance is reshaping the homebuying process itself. Premiums are rising, carriers are pulling back from entire states and buyers are increasingly discovering, sometimes days before closing, that the home they plan to purchase is either too expensive to insure or cannot be insu
Read MoreHousing demand shockingly positive even as the Iran war continues
To my shock, housing demand grew noticeably last week, even though the war with Iran continues and mortgage rates are higher today than before the war started. Last week was one of the more positive reports since I started writing the Housing Market Tracker at the end of 2022. Everything I want to s
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An oceanfront Florida Keys estate that boasts nearly every over-the-top amenity imaginable has recently hit the market for the sky-high price of $24.99 million—complete with a veritable playground of features that were designed to awe, delight, and entertain. Built in 2023, the seven-bedroom Islamor
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"Saturday Night Live" alum Rachel Dratch has prepared her New York City apartment for a new stage in life now that her son has moved into his teenage years—and a more grown-up room. Dratch, 60, first settled into a "white brick" apartment building 23 years ago while starring on the legendary sketch
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