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.
Nearly 100-Year-Old Cape Cod Farmhouse Listed for $399,900 Sells in Just 10 Days

A Cape Cod, MA, farmhouse-style house that sold after only 10 days had been in the same family for over 90 years. The listing at 9 Oxbow Road in East Falmouth, built in the 1930s, had never had a renovation other than maintenance and some updates, so it not only retained its historical charm, but wa
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Lauren Sanchez Bezos is not even a year into her marriage to Amazon billionaire Jeff Bezos, but she's already preparing to face another major life milestone—when her daughter, Ella, flies the family nest to attend college later this year. The 56-year-old former on-air correspondent, who tied the kno
Read More Why a Tax Extension Isn’t Smart for Homeowners in 2026

The Internal Revenue Service (IRS) opened the tax filing season on Jan. 26, and the deadline for filing (without an extension) is April 15. For taxpayers requesting an extension, the deadline is Oct. 15, according to the IRS. And many Americans opt to delay filing their taxes, as 13% of Americans,
Read MoreCar dealer Luis Somoano drops $22M on Hialeah site

Auto dealer Luis Somoano expanded his South Florida portfolio by paying $21.5 million for a Ford retail site in Hialeah previously owned for 40 years by the late car selling mogul Gus Machado and his family. An entity managed by Doral-based Somaono, who owns two other dealerships in Miami-Dade Coun
Read MoreHousing Affordability Eclipses Crime as Chicago Residents’ No. 1 Concern

Housing affordability has emerged as Chicago residents' top concern this year, overtaking crime and gun violence, according to a new poll. In a stark shift for the Windy City, 41% of the 648 registered voters who participated in an Illinois Realtors® survey conducted by the analytics firm Statara i
Read MoreCompass takes over leasing of pricey Bay Harbor rentals from Elliman

Compass took over leasing of a luxury apartment project in Bay Harbor Islands from Douglas Elliman, The Real Deal has learned. Miami-based developer Clara Homes switched out Elliman for Philip Scheinfeld of the Philip Scheinfeld Team and Chad Carroll of the Chad Carroll Group of Compass for the le
Read MoreAmazon Snaps Up George Washington University Campus in Virginia’s Data Center Alley for $427 Million

George Washington University has sold its Virginia campus to Amazon Web Services, a $427 million deal in the heart of Northern Virginia's Data Center Alley. The sale price of the roughly 122-acre Ashburn campus comes to $3.5 million per acre. The sale is "part of a broader strategy to strengthen GW’
Read MoreFlorida’s Sandra Rathe Team joins The Real Brokerage

The Real Brokerage has brought on RealTrends Verified-ranked The Sandra Rathe Team, adding 20 agents and $135 million in annual sales volume across South Florida. Led by Sandra Rathe and founded in 2009, the team operates in Miami-Dade, Broward and Palm Beach counties. The group closed 220 sides in
Read MoreHECM, HMBS activity falls sharply in February

Home Equity Conversion Mortgage (HECM) endorsements fell sharply in February, continuing a broader slowdown in the reverse mortgage industry. The total number of HECMs endorsed during the month dropped 20.7% to 1,821 loans. While February’s shorter calendar often results in fewer endorsements, the s
Read MoreMortgage Rates Are Finally Below 6%—Is Now the Right Time To Refinance?

When average mortgage rates trend downward, it usually prompts homeowners to consider refinancing. The 30-year fixed home loans fell to 5.98% on Feb. 26, plunging to their lowest level in more than three years. Many experts believe that in 2026, the downward trend will continue, including the Realto
Read MoreMortgage rates jump after Iran strike rattles markets
Late last week, the U.S. housing market appeared to be on solid footing going into March, but a wrench was unexpectedly thrown into the works when the U.S. and Israel launched a military strike against Iran over the weekend. Mortgage News Daily reported Monday that 30-year fixed rates jumped 13 basi
Read MoreOlympic Medal-Winning Swimmer Admits She ‘Can Barely Make Rent’: ‘The Hype Fizzles Out’

Olympic swimmer Daniella Ramirez has admitted that she can "barely make rent" with the money she earns from her career as a professional athlete—despite walking away from the 2024 Paris Games with a silver medal. The 24-year-old, who was a member of the artistic swimming squad that took second place
Read MoreStellar MLS transitions CEO role from Merri Jo Cowen to Shayne Fairley

After more than 17 years at the helm, MLS industry veteran and 2025 HousingWire Woman of Influence Merri Jo Cowen has officially stepped down from her role as the CEO of Florida’s Stellar MLS, according to an announcement on Tuesday. She is being replaced by Shayne Fairley. Stellar MLS had previous
Read MoreConnecticut bill targets private real estate listings

Lawmakers in Connecticut have joined other state legislators in seeking to establish a process to ensure public marketing of certain real estate listings. Connecticut legislators introduced Senate Bill 340 last week, sponsored by the Insurance and Real Estate Committee, which is a bipartisan commit
Read MoreRhode Island housing package targets zoning, parking and SROs

Rhode Island, like other states nationwide, is grappling with a housing affordability crisis. State lawmakers are now on their sixth legislative package to strengthen efforts to improve housing affordability. This time, the package includes reviving boarding houses and co-living. Like California, F
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Rapper Sean "Diddy" Combs' planned release date from prison has been moved up by six weeks it's been revealed—just two months after the musician decided to take his infamous $61.5 million "freak off" mansion off the market in Los Angeles. Diddy, 56, who was found guilty on two counts of transportati
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Squatters have been a growing issue among homeowners for years, with unlawful tenants getting increasingly creative with how to claim property they do not own. Unlawful tenants, or "squatters," have become a significant, escalating concern for homeowners in recent years. The methods used by these i
Read More March Blood Moon Illuminates the Sky Across America: Photos

On Tuesday, March 3, 2026, an incredible total lunar eclipse captivated the skies around the world, with visibility possible across most of America in the early morning hours. And the first mesmerizing images are already pouring in. A total lunar eclipse makes the moon appear dark red or orange, ea
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A man who was detained for questioning in the Nancy Guthrie case following a SWAT raid on his Arizona home has spoken out to insist he had nothing to do with the 84-year-old's disappearance—as Pima County Sheriff Chris Nanos spoke out to reassure the public that his investigators are getting ever "c
Read More From Rittenhouse to the Gold Coast: Here’s What Luxury Living Looks Like in Philadelphia vs. Chicago

Beyond their celebrated industrial roots, passionate sports cultures, and iconic food scenes, Philadelphia and Chicago have something else in common: luxury housing that remains remarkably attainable compared to other major American cities. Anchoring the Midwestern region, Chicago ranks as the third
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