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.
Affordable Housing Lottery Offers New York City Rents Below $600 in a Newly Constructed High-Rise

Rent may cost a fortune in many metros—but not in this newly constructed eight-story building tucked away in a desirable neighborhood in New York City. The 146-unit residential building at 50-25 Barnett Ave. in Sunnyside, Queens, is offering monthly rents starting at an astonishingly low $545 a mont
Read MoreNew Cheval Holdings acquires Surge, appoints Jimmy Gillespie as CEO

Surge, a partner intelligence platform for wholesale mortgage lenders, has been acquired by New Cheval Holdings as the wholesale channel faces tighter scrutiny on broker oversight and market share pressure from retail and direct-to-consumer lenders. The transaction brings dedicated ownership and ins
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Kendra Duggar's parents are attempting to raise $30,000 to cover the family's "displacement expenses" after their daughter and her husband, Joseph Duggar, were both arrested on separate charges. Joseph, 31, who is the younger brother of convicted sex offender Josh Duggar, was taken into custody near
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Artificial intelligence (AI) has become omnipresent in everyday life. And when it comes to financial matters, using AI tools can admittedly help find quick, basic answers to many questions. But as Andrew Lo, finance professor and director of the Laboratory for Financial Engineering at the MIT Sloan
Read More Former Houston Housing Official Pleads Guilty to Taking Millions From Public Funds

A former Houston real estate agent and city employee has admitted to misusing millions of dollars in city funds dating as far back as 2011. Todd Edwards was the former head of Houston's Metropolitan Redevelopment Authority. He had been accused of misusing millions of dollars in public housing funds
Read MoreAmerican Airlines makes bag fees even more expensive for basic economy tickets

American Airlines is joining Delta, United, Southwest and JetBlue in raising its checked bag fees as the industry deals with high jet fuel prices.
Read MoreloanDepot, Figure team up on streamlined home loan and equity products

loanDepot announced Thursday that it has formed a strategic partnership with Figure Technology Solutions to power a new “express-path” home loan product through loanDepot’s mello platform. Under the agreement, loanDepot will integrate Figure’s proprietary credit and loan underwriting engine into its
Read MoreWhy South Florida commercial real estate deal flow has chilled

Ben Mandell is biding his time. Over the past three or four years, his firm purchased one property, and it was a distressed deal. Although the real estate industry expected a more favorable investment market this year, those hopes were crushed. “A lot of people seeing the macro market now are thin
Read MoreRemodeler confidence slips but remains positive, NAHB reports

On Thursday, the National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2026. The index reading of 62 was down two points from the previous quarter but remains firmly in positive territory. The NAHB/Westlake Royal RMI asks
Read MoreProprietary reverse mortgage volume eclipses HECM production for the first time

New View Advisors this week released its Proprietary Reverse Mortgage Production Index for the first quarter of 2026, with the data showing that private-label loan products have grown to new heights. The quarterly index provides an estimated dollar volume for newly originated proprietary reverse mor
Read MoreJudge denies eXp bid to dismiss fraud claims in sexual misconduct case

A federal judge has denied eXp Realty’s request to dismiss a fraud claim brought by four women who say the company lied about investigating their allegations of sexual assault by two former agents. U.S. District Court Judge André Birotte Jr. ruled this week that the fraudulent misrepresentation clai
Read MoreModern Renters Are Turning Their Storage Units Into Their New Side Hustles

As housing costs rise and living space shrinks, many renters are getting creative about how—and where—they live and work. Storage units, once just a place for overflow, are becoming a more versatile extension of the home. In a new study, SpareFoot surveyed more than 500 U.S. storage renters to unde
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To see our latest updates on the Nancy Guthrie case, please click here. Two alleged ransom notes that were sent by someone claiming to know the location of Nancy Guthrie's body—and the identity of her kidnappers—were likely intended to "torment" her family, including her daughter, "Today" host Savan
Read More Milwaukee’s Luvene Realty Group moves to Compass from Keller Williams

Luvene Realty Group, a nine-person real estate team led by Shauny Luvene, has moved to Compass from Keller Williams and will be based out of Compass’s Bayside office in the Milwaukee metro area, the company announced on Thursday. The move comes as Compass International Holdings executives focus on i
Read MoreMortgage Interest Rates Today: Rates Ease to 6.37% as Iran Ceasefire Calms Markets

Mortgage rates ticked down Thursday after five consecutive weeks of gains as a tentative two-week ceasefire between the U.S. and Iran went into effect, driving down oil prices and offering markets a welcome reprieve. The average rate on 30-year fixed home loans fell to 6.37% for the week ending Apr
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The woman who is accused of firing an assault rifle at Rihanna's $14 million Beverly Hills mansion has appeared in court for the first time since entering a not guilty plea. Ivanna Lisette Ortiz, 35, appeared at Los Angeles Superior Court on April 8—one month after pleading not guilty to 14 charges,
Read More Steve Ross’ next West Palm Beach condo spawns from Wexford, 13th Floor, L&L partnership

Billionaire Related Ross chairman Steve Ross is planning his fourth condo project in West Palm Beach. The news comes on the heels of Ross launching sales for his third planned condo tower, Edgeworth, last month. The yet-to-be-named fourth tower is slated for a 2.2-acre site on South Dixie Highway, t
Read MorePrice revealed: Billionaire Jeff Greene selling West Palm site to Terra, partner for over $90M

Billionaire developer Jeff Greene is selling a waterfront site in downtown West Palm Beach to David Martin’s Terra and partners, who include BH Group, for more than $90 million, sources told The Real Deal. Greene is under contract to sell the 1.6-acre assemblage at 2023 Flagler Drive, a triangle-sh
Read MoreSouth Florida’s top deals: Sterling offloads Broward retail at 24% gain

🏆 Commercial: The top commercial sale to hit records in South Florida was in Coral Springs and Margate, where the Sterling Organization, based in West Palm Beach, offloaded an Aldi-anchored retail center for $46.3 million. The addresses of the complex are: 3200-3470 Northwest 62nd Avenue in Margate
Read MoreThe Housing Market Is More Fragmented Than Ever—Here’s a New Way To Understand the Data

Is it a buyer's market or a seller's market? That's the first question many people ask when they set out to buy or sell a home, but the answer has rarely been more complicated than it is today. Nationally, home sales have been stuck at historic lows for three straight years, while home prices remain
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