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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Tennis star Taylor Fritz is serving up his Miami condo for $860,000, offering a buyer the chance to score a corner residence with sweeping views—and a tennis court just downstairs. The two-bedroom, two-bathroom property is located at Hyde Midtown, where an extensive collection of shared amenities in
Read More 5 Ghost Towns and Mining Settlements You Can Buy Right Now Starting at $300K

If you have ever wanted to buy a historical mining property or ghost town, now is your affordable opportunity. Whether you are seeking to restore abandoned buildings preserved in their original condition or prefer a preserved taste of the Wild West, these fascinating properties offer a chance to buy
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Residents who have driven down Pinebrook Road in Eatontown, NJ, have watched a part of the street slowly decay over the past 20 years. But all of that has changed. On Wednesday, developers broke ground and officially launched The Premiere at Monmouth, a new-home community within driving distance of
Read More Major Builders Lean Into Concessions and Rate Buydowns as Home Sales Slip

Major homebuilders are seeing decreasing sales and margins amid buyer uncertainty, but continue to utilize concessions and mortgage rate buydowns to bring in sales. In earning reports this week, PulteGroup, M/I Homes, and NVR, Inc. each shared similar results with shrinking year-over-year numbers. F
Read MoreMortgage Calculator: Here’s How Much You Need To Buy a $430K Home at a 7.32% Rate

Mortgage rates fell for the first time in two months this week as investors sought safety in government bonds, spurred by cooling stock and tech markets and a sharp pullback in new-housing starts fueling inflation fears. The average rate on 30-year fixed home loans decreased to 7.32% for the week en
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TV stars Nick and Vanessa Lachey have trimmed $500,000 off the asking price of their longtime "dream home," as they prepare to bid farewell to California. The couple first listed the home in September for $8.1 million. Now, just one month later, they have reduced that price to $7.6 million. Their de
Read More California Could Lose Up to 75% of Its Beaches—and Billions in Property Are Exposed

The listing for 6519 E. Seaside Walk in Long Beach, CA, still reads, in places, like an advertisement for California beachfront luxury. The 4,880-square-foot home has four bedrooms, six bathrooms, panoramic ocean and bay views, a wine cellar, sauna, and elevator. It hit the market in late August for
Read MoreCorporate brand vs. loan officer brand: Mortgage companies need both

Standard templates help consistency, but individual bios, reviews, and specialties drive borrower trust
Read MoreSweeping Little Havana land-use changes win preliminary approval

Miami commissioners are on board with opening the door to more commercial development in Little Havana and nearby neighborhoods. City commissioners gave preliminary approval to land-use changes across dozens of blocks, moving ahead with a plan to reclassify properties currently designated for reside
Read MoreHomebuilding giant Lennar revealed as buyer of Boynton Beach Mall

Florida homebuilding giant Lennar is the buyer of the Boynton Beach Mall, with plans for residential redevelopment, the Palm Beach Post reported. The seller, Washington Prime Group, said last year it would wind down business and sell its remaining properties. The mall is expected to close Jan. 15. L
Read MoreBoca investor picks up discounted Fort Lauderdale office building for $70M

Boca-based Grover Corlew picked up a downtown Fort Lauderdale office building for $69.7 million, a 14 percent discount from its last sale. The real estate investor, led by Anuj Grover and Mark Corlew, bought the building at 200 East Broward Boulevard from sellers Banyan Street Capital and Oaktree Ca
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Chip and Joanna Gaines have a major new project up their sleeves. The HGTV stars are set to tackle yet another renovation in a brand-new series, “Fixer Upper: Chip Bought a Mansion,” coming in December. The six-episode series will follow the couple’s journey as they embark on a three-month project t
Read More Genting’s Resorts World scores $500M refi for mixed-use downtown Miami hotel

Genting Group’s Resorts World secured a $500 million refinance for part of its downtown Miami portfolio, near the Adrienne Arsht Center for the Performing Arts. Property records show Wells Fargo is the mortgagee for the financing to Resorts World Omni for the properties that include the mixed-use O
Read MoreTrump Launches Task Force on Manufactured Homes and Orders Affordability Reforms

President Donald Trump has signed an executive order aimed at housing affordability with days to go before the midterm elections. The multipart executive order published on Thursday aims to reduce costs for title and mortgage insurance and promote more affordable manufactured housing. Trump said he
Read MoreDon’t count on full Social Security benefits, financial planner warns

Expert warns future Social Security recipients against assuming they’ll receive currently projected amounts
Read MoreTrump signs executive order targeting mortgage insurance, manufactured housing and more

White House fact sheet also mentions expansion of title insurance waivers, along with lower USDA and VA direct loan rates
Read MoreSerial Killer Joel Rifkin’s Long Island Home Closes for $670K After Months on the Market

The Long Island home where notorious serial killer Joel Rifkin brutally murdered and dismembered numerous women has found a new owner—one who plans to breathe new life into the property. After several months on the market and multiple price reductions, the East Meadow house was sold on Wednesday for
Read MoreInternal AI ecosystem a big win for independent Arizona brokerage

The brokerage also created a consumer-direct mortgage tool
Read MoreThe 10-year yield is under 5%. Are sub-7% mortgage rates next?

Thursday was a wild day, and there was some short covering in bonds
Read MoreThe raze race: Florida’s uber rich buy $100M-plus homes to bulldoze

Some of Florida’s wealthiest buyers are snapping up triple-digit estates not to live in them, but to trash them. In a trend unfolding across the country, the uber rich are buying $100 million-plus mansions just to knock them down, as they compete for coveted land, the Wall Street Journal reported.
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