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.
F1 driving legend snaps up two-story pad at Meta Development’s Brickell project

A South Brickell luxury development pulled in Brazilian race car driver Rubens Barrichello, who paid $8 million for a two-story townhome. The racing legend bought a 4,300-square-foot unit at Meta Development’s Colette, at 1880 Brickell Avenue, according to a news release. The price pencils out to $1
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Fashion designer Marc Jacobs might be best known for his catwalk creations, but in 2019, he turned his attention to a more ambitious design project: overhauling a $9.17 million Frank Lloyd Wright–designed property in upstate New York that he purchased on something of a whim in 2019. Today, Jacobs, 6
Read More Flock Camera Controversy Spurs Rhode Island Moratorium on Plate-Reading Devices

As Flock cameras and other surveillance technologies spur controversy, Rhode Island is pausing installation of new cameras and studying their effects. Gov. Dan McKee on Tuesday called for a statewide pause on the installation and activation of any new automated license plate reader cameras such as F
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A striking property with a mirrored exterior that was designed to "seamlessly" blend with its natural surroundings has been brought to the market for $15 million in an exclusive New York enclave. The eye-popping property, which features an exterior made of glass, zinc-coated copper, and stainless st
Read More Pending Home Sales Retreat in July as Mortgage Rates Hit 2026 High

Pending home sales continue to lag month over month and year over year, as mortgage rates reached their highest level so far this year. Contract signings on existing homes fell 2.3% in July from the prior month, with declines in all four regions, the National Association of Realtors reported Tuesday
Read MoreControversial mixed-use project with private school in Coral Gables heads to final vote

A controversial mixed-use project with a private school proposed on a site that formerly housed a church is up for a final city commission hearing in Coral Gables. At the center of opposition to the project is the property’s historic religious garden. Chicago-based Fifield Companies plans to build
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"Saturday Night Live" alum Pete Davidson has taken his upstate New York home off the market—two months after he slashed his asking price on the property for a third time. The 32-year-old comedian initially purchased the four-bedroom, three-bathroom home for $1.95 million in 2023 and he was most rece
Read More Single-Family Home Construction Plunges in July, but Permits Offer Signs of Hope

July brought a sharp decline in construction of new single-family homes across the U.S., but new permits show some signs of hope on the horizon. Single-family housing starts last month were at a seasonally adjusted annual rate of 808,000 in July, which is 9.9% below June and 15.7% below that month l
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American is trying to add more premium seating and passenger perks after falling behind rivals Delta and United.
Read More S3 Capital lends $35M for final phase of Princeton multifamily project

A developer scored a $35 million construction loan for the final phase of its Princeton multifamily project, marking an unceasing rush on south Miami-Dade County. This month, Brickell-based Aconcagua Group will start building the eight-story, 162-unit building, marking the third portion of its Casa
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"Captain America" star Chris Evans has landed a buyer for his sprawling Los Angeles property, just over two months after he returned the dwelling to the market amid his relocation from California back to the East Coast. The 45-year-old actor first put the dwelling on the market for $6.99 million in
Read More South Florida’s top deals: Venture capitalist pays $20M for Bay Harbor Islands home

🏆 Residential: The priciest home sale to hit records in South Florida was in Bay Harbor Islands. Venture capitalist Fued Sadala and his wife, Silvana, parted with the home at 9814 West Broadview Drive for $20 million. The buyers were Jack Tabacinic, managing director at Loom Capital Management, and
Read MoreCash Home Sales Are in Decline in Most Cities, but a Handful Show a Surprising Bump

Fewer and fewer homebuyers are throwing cash on the table, but a new generation of tech-minted millionaires is bucking the trend. Cash sales overall are on the decline in the national housing market, according to the cash buyer report released by Realtor.com® on Tuesday. They accounted for 31.4% of
Read MoreThe Hidden Cost of the ‘Great Stuff Transfer’

As a generation prepares to inherit unprecedented wealth, they may be overlooking what comes with it: all the other stuff. More than 8 in 10 recent inheritors of real estate (84%) said the property had to be cleaned out before it could be listed, and 36% called the cleanout one of the hardest parts
Read MoreThe income is real. The paperwork just doesn’t tell the full story.

A plain-English guide to non-QM loans for self-employed borrowers and real estate investors
Read MoreMortgage AI is evolving. The next step is connecting the systems behind it.

STRATMOR data shows 68% use AI for document indexing; value depends on data flowing through POS, LOS and close
Read MoreDon’t let the 21st Century ROAD to Housing Act become a road to nowhere

More than 50 provisions need new HUD rules and guidance before programs can deliver results
Read MoreEsteemed Architect Martin Gelber’s Late Modern Los Angeles Home Hits the Market for $3.75 Million

An astonishing piece of Los Angeles real estate history is up for grabs as the personal home of acclaimed architect Martin Gelber, FAIA, has been listed for $3.75 million. The 3,707-square-foot late modern masterpiece is located in the Crestwood Hills neighborhood of Brentwood, CA, boasting beautifu
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The embattled developer of the Mandarin Oriental-branded Residences in Boca Raton sued their lender, an affiliate of Madison Realty Capital, ahead of a UCC foreclosure auction. Via Mizner Owner III LLC and Via Mizner Pledgor III LLC sued Via Mizner Lender 1 and Via Mizner Lender 2 LLC in New York st
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The embattled developer of the Mandarin Oriental-branded Residences in Boca Raton sued their lender, an affiliate of Madison Realty Capital, ahead of a UCC foreclosure auction. Via Mizner Owner III LLC and Via Mizner Pledgor III LLC sued Via Mizner Lender 1 and Via Mizner Lender 2 LLC in New York st
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