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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TV personality Savannah Chrisley has revealed she and her husband, Jason Galanis, are expecting a baby boy. Chrisley, 29, took to Instagram to share the joyous news of their baby's gender, just days after announcing that she and Galanis, 56, had said "I do" in a secret wedding. “It's a boy! My sweet
Read More Why a Long Island Town’s Crackdown on Vacation Rentals May Not Fix Its Housing Crisis

The four-bedroom waterfront home on Long Island's North Fork hadn't even hit the market when Diane Mollica's colleagues began imagining another use for it. "Several of them commented that it would be a fabulous rental property because it has all of the perks that you want on vacation," Mollica, a re
Read MoreWall Street’s AI Sell-Off Exposes a Weak Spot in the Bank of Mom and Dad

As more adult children count on the Bank of Mom and Dad to help them buy homes, Mom and Dad, in turn, may be counting on Wall Street. That arrangement looked a little less secure on Friday, when fears about the cost of the artificial intelligence boom sent stocks tumbling. The Nasdaq lost 2.9% on Oc
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An eight-bedroom mansion in Trousdale Estates has hit the market for an eye-watering $70 million. Along with a professional recording studio and drum room, the estate features a private nightclub equipped with a DJ booth, dance floor, bar, custom lighting, and club-grade sound system. Located at the
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Actor Nicolas Cage has been displaced after coastal erosion caused a growing sinkhole in the driveway of his Malibu, CA, home. "I'm currently a little bit homeless," the "National Treasure" star, 62, said at an Oct. 31 appearance at L.A. Comic Con. "Something happened to my house in Malibu, so I'm j
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Actor Nicolas Cage has been displaced after coastal erosion caused a growing sinkhole in the driveway of his Malibu, CA, home. "I'm currently a little bit homeless," the "National Treasure" star, 62, said at an Oct. 31 appearance at L.A. Comic Con. "Something happened to my house in Malibu, so I'm j
Read More Coconut Grove developer accused of fraud arrested on burglary, related charges

Embattled Coconut Grove developer Doug Cox was booked into Turner Guilford Knight Correctional Center on Sunday night on charges of trespassing and burglary. Cox, 56, is facing a felony burglary charge and two misdemeanor charges of criminal mischief and trespassing. The alleged crimes occurred at
Read MoreImmigration Slowdown To Sharply Reduce Renter Household Growth, Study Says

The clampdown on immigration has slowed the nation's population growth. Now, Harvard estimates it is also slowing the formation of new households in the United States. Harvard's Joint Center for Housing Studies estimates that immigration policy means 500,000 fewer households formed in the country ea
Read MoreMiami Cash4Keys Execs Accused of Stealing Vulnerable Senior’s Home in Brazen Scheme

A Florida man's $300,000 home was allegedly stolen in a real estate scheme dubbed “Operation Dirty Deed,” which investigators say involved fraudulent documents and the exploitation of the homeowner's dementia. The case took a disturbing turn when the 71-year-old man, identified in court records as T
Read MoreCalifornia Candidates for Governor Offer Different Visions on Housing

The midterm elections are now just hours away, and California voters prepare to head to the polls to elect their next governor, with the state's housing shortage taking center stage. The contest is among the highest-profile of the 36 gubernatorial races taking place across the U.S. this cycle. Forme
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Alta Developers secured a $140.2 million senior construction loan for a 35-story Fort Lauderdale multifamily project that’s been stuck in the pipeline for years. The Coconut Grove-based firm, headed by Raimundo Onetto, secured the financing for Alta New River at 100 Southwest Sixth Street, as const
Read More Tax-Assessed Value vs. Market Value: What’s the Difference?

Home prices aren’t set in stone. A property’s value can shift depending on who’s doing the calculation—and why. That’s why you’ll often hear two different numbers thrown around during a home sale: assessed value and market value. So what’s the difference between tax-assessed value versus market valu
Read MoreA $20M fine stalks Los Angeles over delay of a new housing project

Developer counsel says denial violates AB 2011 and the Housing Accountability Act and argues for damages for missed deadlines
Read MoreReal estate is moving toward more data privacy. Appraisers say UAD 3.6 is moving the other way

Certification 25 expands who can store, analyze, and distribute appraisal report data, including interior photos
Read MoreMovers & Shakers: Premier Sotheby’s International Realty and KAST Construction name next CEOs

In South Florida’s latest hiring news, Premier Sotheby’s International Realty has named Jackie Thiel as its next chief executive officer. Thiel, who has served as president of the Naples-based firm for two years, will succeed Budge Huskey, effective Jan. 1, as part of a planned succession process, a
Read MoreNew York Knicks Star Josh Hart Takes Another Shot at Selling Florida Home for $5.7 Million

New York Knicks star Josh Hart has relisted his sprawling Florida mansion for $5.69 million—just one year after removing the home from the selling block. The 31-year-old shooting guard and his wife, Shannon Hart, snapped up the palatial mansion in 2022 for $4.75 million. Last year, they listed the p
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A palatial new penthouse in Fort Lauderdale, FL, has hit the market for $20.55 million, making it the highest-priced condominium currently available in the coastal city. A 10,145-square-foot residence achieved by combining two units, the Selestial Penthouse at Selene is touted as a “full-floor ocean
Read More Could dual licensing grow as agents, LOs seek revenue opportunities?

RETR identified 3,729 agent and loan officer name matches, with 40% in California
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Golf legend Tiger Woods is heading up a new private golf destination on the North Shore of Long Island in Brookville, NY. In collaboration with private golf club and lifestyle company the Armchair Collective and TGR Design, the 11-time PGA Player of the Year recipient will redevelop the former Tam O
Read More BTI, Bridge Investment’s Hollywood Bread Building lands $109M refi as big-loan binge rolls on

Downtown Hollywood’s Bread Building scored a $109.2 million refinancing, capping weeks of big loans in South Florida. The financings come amid elevated interest rates and somewhat skittish capital markets, especially for regional multifamily that’s been battered by oversupply in recent years. Fort
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