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.
Why independent brokerages may have the advantage in real estate’s next chapter

The real estate industry has never lacked for uncertainty. But if there was a prevailing message from a panel of brokerage leaders moderated by Paul Boomsma, president and CEO of Leading Real Estate Companies of the World (LeadingRE), it’s that perspective matters. For brokerage leaders navigating c
Read MoreNicolas Cage Splashes Out $6.5 Million on Luxury Manhattan Apartment That Spans 2 Units

Hollywood star Nicolas Cage has reportedly snapped up a sprawling two-bedroom condo in the heart of Manhattan for $6.5 million—and took out a $4.55 million mortgage for the deal. The 62-year-old actor is said to have purchased the unit inside the coveted Essex House Residences building at 160 Centra
Read MoreReported layoffs at Morgan Stanley hit mortgage and wealth management units

Morgan Stanley’s reported layoff of about 3% of its workforce — roughly 2,500 employees — is affecting some staff working on mortgage origination services for wealth management clients. The bank is cutting positions across its estimated 83,000-employee global workforce due to shifts in business prio
Read MoreMortgage Interest Rates Today: Rates Rise to 6% as Iran War Stirs Inflation Fears

Mortgage rates ticked back up Thursday after falling below 6% for the first time in over three years just the week before, as fears of rising inflation related to the war in Iran rattled the market. The average rate on 30-year fixed home loans rose to 6% for the week ending March 5, up from 5.98% t
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To see our latest updates on the Nancy Guthrie case, please click here. "Today" show host Savannah Guthrie has returned home to New York City for the first time since her 84-year-old mother, Nancy Guthrie, was reported missing from her Arizona property on Feb. 1. Savannah, 54, was pictured visiting
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Billionaire Google founder Sergey Brin has reportedly snapped up a new $51 million Miami megamansion, just months after he was linked to the purchase of two homes worth a total of $92 million. Tech mogul Brin, 52, is understood to have bought the palatial abode, via an LLC registered in Nevada, from
Read More The wealthy once rushed to Dubai. Now they're scrambling to leave

Since the start of the U.S.-Iran war, Dubai's status as a haven for the global elite has been shattered.
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To see our latest updates on the Nancy Guthrie case, please click here. DNA taken from a glove that was found near Nancy Guthrie's Arizona home has finally been identified—with investigators revealing that the item was matched to a restaurant worker at a nearby eatery, who has already been ruled out
Read More The Median Age of Homeowners Surges as Younger Americans Are Sidelined

While the U.S. homeownership rate has hardly budged in more than a decade, the median age of American homeowners has grown considerably older as younger buyers find themselves locked out of the market. In 2024, the median age of homeowners climbed to 57.5 years, up from 54 years recorded in 2010,
Read MoreSouth Florida’s top deals: Fashion exec parts with $51M Miami Beach mansion

🏆 Residential: Miami Beach had the top home sale to hit records in South Florida. A waterfront home at 6596 Allison Road on Allison Island sold for $51 million. The seller was an LLC managed by Michael Burke, CEO of LVMH Fashion Group, and the buyer was Lagoon LLC, which has an address tied to a Re
Read MoreIran war threatens $11.7 trillion global travel industry as passengers get caught in crossfire

Travelers who are far from falling missiles, drone attacks and other geopolitical flashpoints aren't immune to ripple effects.
Read MoreNew Listings Boom Nationwide—Except in Storm-Struck Northeast

New listings surged nationwide in February, but the Northeast remained a stark outlier thanks to a historic snowstorm that effectively sidelined sellers—at least temporarily. Across much of the U.S., home sellers charged into the market in February, driving new listings up 2.4% year over year, total
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“Southern Charm” star Patricia Altschul is as much a fixture of Charleston’s high society as the pink, palatial downtown mansion where she holds court. The Richmond, VA-born socialite, who spent a significant portion of her adult life in New York, made the move down South in 2008, six years after th
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India can't seem to escape from the fallout of the escalating conflict in the Middle East. After energy and aviation, remittances could be the latest worry.
Read More Senate Pushes Forward Major Housing Bill With Trump’s Investor Ban

The Senate voted 90-8 to advance its version of a comprehensive housing reform package with provisions from a similar bill the House passed, as well as a prospective ban on institutional investors. Sens. Elizabeth Warren (D-MA) and Tim Scott (R-SC) revived the chamber's comprehensive housing package
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A 203-acre sporting compound featuring a three-bedroom cabin, lodge with pro shop space, and an event center located less than an hour from Nashville, TN, has just hit the market for $6,995,000. Cross Creek Clays in Palmyra, TN, offers the next buyer the unbelievable opportunity to own one of the So
Read More HGTV’s Jasmine Roth Reflects on Her Family’s Move From California to Utah: ‘It’s Been Really Hard’

HGTV star Jasmine Roth says that she has had difficulty adjusting to her move from California to Utah, which was made "without a super solid reason." The star of "Help! I Wrecked My House," which wrapped its fifth season in November, admitted that she has experienced some major changes since making
Read MoreThe Breakers acquires West Palm Beach site for workforce housing

An affiliate of The Breakers Palm Beach scooped up 2.4 acres along Australian Avenue in West Palm Beach where the hotel owners are planning a workforce housing project reserved for its employees. The iconic oceanfront resort’s owner paid a combined $9.1 million for the assemblage at 2410–2508 North
Read MoreNew York’s housing crisis won’t be solved by one mega-project

New York City Mayor Zohran Mamdani’s attempt to revive an old plan to build 12,000 affordable units over a borough railyard is seen as a long shot, even if he gains support from President Trump. Mamdani has garnered headline attention for proposing to build units on a platform above Sunnyside Yard,
Read MoreSergey Brin closes on LVMH CEO’s Miami Beach home for $51M

Barely two months after buzzy reports emerged that Google co-founder Sergey Brin was homeshopping in South Florida, the billionaire dropped $51 million on the waterfront Allison Island home of LVMH CEO Michael Burke. Records show the Nevada entity Lagoon LLC bought the house at 6596 Allison Road fr
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