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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Kelly Clarkson has found herself at the center of a heated controversy after accusing a New York store of treating her as though she couldn't afford its merchandise—a claim the business has vehemently disputed. The 44-year-old singer sparked a social media firestorm on Oct. 10 when she publicly crit
Read More Social Security Benefits Will Rise 3.6% in 2027—but Some Key Costs Are Rising Faster

The Social Security Administration announced on Wednesday that Social Security benefits will get a 3.6% boost in 2027, after a year of hotter-than-expected inflation. It's a sharp increase from the 2.8% adjustment beneficiaries received for 2026 and the largest bump since 2023, when benefits rose 8.
Read MoreMortgage Applications Fall Again as Higher Interest Rates Sideline Buyers

Mortgage applications fell once again last week, as higher inflation and continuing uncertainty over the global economy kept interest rates climbing for the seventh straight week. For the week ending Oct. 9, the Mortgage Bankers Association's Market Composite Index—a measure of total mortgage loan a
Read MoreDingle brothers’ Boca spec mansion finds buyer at $32M

SRD Building found a buyer for a recently completed turnkey estate in Boca Raton asking $31.8 million, marking the priciest new contract of the buying period. Palm Beach County buyers signed 12 luxury contracts between Oct. 5 and Oct. 11, according to Douglas Elliman’s Eklund Gomes team, which track
Read MoreRick Weber on Photographing Southwest Florida’s Birds

A majestic bald eagle finds its way to a treetop. Photo by Rick Weber A native of Pennsylvania who now calls Fort Myers home, photographer Rick Weber has spent much of his life observing the world through the eyes of a storyteller. Long before he picked up a camera, he was a writer—an award-winning
Read MoreIsaac Rami buys Boymelgreens’ office building, puts down roots in Miami Beach

The family office of Isaac Rami bought the Boymelgreens’ office building in Miami Beach, where it’s expected to set up an outpost, The Real Deal has learned. Rami is a Forbes 30 Under 30 multi-venture founder and recent South Florida transplant. His purchase and move from New York follow a common S
Read MoreSTARability Foundation to Host Annual Run, Walk & Roll 5K

Run the Ninth Annual Run, Walk & Roll 5K October 17. Photo by STARability Foundation STARability Foundation will host the Ninth Annual Run, Walk & Roll 5K, presented by Inspired Closets SWFL, at Baker Park in Naples October 17. Kicking off at 8:30 a.m., the family- and dog-friendly event welcomes pa
Read MoreWhat to Do in Collier County This Week (October 14–21)

See Miami City Ballet with the Naples Philharmonic October 20. Photo by Pari Dukovic Goings On and Performances 14 Lucy Wijnands, winner of the prestigious 2021 Ella Fitzgerald Vocal Competition joins the Naples Philharmonic Jazz Orchestra for the opening program of the All That Jazz series, Daniels
Read MoreBig Cypress Gallery Sets the Scene for SWAMP Wander

Meet Clyde and NIki Butcher at SWAMP Wander on October 24. Friends of Big Cypress will welcome the community for a special SWAMP Wander event, hosted by Clyde and Niki Butcher at their Big Cypress Gallery and property in Ochopee October 24. From 9 a.m. to 5 p.m., guests will enjoy a free day of art,
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Photo courtesy of Piranesi Piranesi, the family-owned Italian high jewelry house based in New York, has unveiled its first Florida boutique at Waterside Shops in Naples. Established in 1845, the multi-generational Italian brand has been at the forefront of couture high jewelry for more than a centur
Read More Inflation Jumps to 3.7% in Troubling Sign for Mortgage Rates

Inflation rose last month, driven by surging gas prices as the war with Iran continues to affect oil prices, according to the latest consumer price index report. Overall prices rose 3.7% for the 12 months through September, up from a 3.4% annual increase in August, according to data released by the
Read MoreDelta's business-class revamp: New seats, menus, plates and more Porsches

Delta is upgrading its top-tier Delta One cabin with new suites for its largest A350 plane, starting next year.
Read MoreHigh-End Homebuyers Are Flocking to Areas With Top-Rated Public Schools—Here’s Where

There are many reasons that luxury-home buyers choose a location—everything from jobs to family to weather. But a high-quality public school system has always been a factor that lures wealthy families to an area. "A highly rated public school district carries real value for a home and attracts buyer
Read MoreThis Waterfront Property Comes With Its Own Private Island—and an 1800s Farmhouse

A 22.8-acre waterfront property, which includes an 1800s farmhouse and "Oyster House" on its own private 1-acre island, has splashed to the top the week’s most popular homes list. The "one-of-a-kind" island home in Middlesex, VA, listed for $995,000, has a boat ramp on the Rappahannock River and acc
Read MoreMore Adult Kids Are Going ‘No Contact’ With Parents. How Will It Affect Generational Wealth?

Family dynamics and expectations change with every generation. And a perceived rise in estrangements between adult children and their parents is the latest shift that could have an impact on the housing market and intergenerational wealth transfer. According to some reporting and anecdotes from exp
Read MoreHow equity buyouts work in a divorce refinance

Appraisal minus mortgage balance sets equity, but the buyout amount hinges on solo borrowing capacity
Read MoreEvery servicing exception needs an owner and a clock

MBA data shows nonperforming servicing costs $1,573 per loan vs $176, exceptions can push costs higher
Read MoreMystery buyer of Golden Beach mansion has the town talking. Is it Jeff Bezos?

The $69.5 million record sale of an oceanfront mansion in Golden Beach has the town talking about one likely buyer: billionaire Jeff Bezos. Last month, a company managed by spec home developer Ricardo Halfen sold the 17,500-square-foot estate at 255 Ocean Boulevard to a Delaware LLC that hides the
Read MoreRussell Galbut scraps three Live Local Act projects in Miami Beach amid state law opposition

Developer Russell Galbut pulled the plug on three controversial Live Local Act projects in Miami Beach, a city that’s experiencing an onslaught of development under state laws that preempt local power. Although Galbut’s decision to scrap his three projects, which would have added nearly 400 residen
Read MoreBidding Wars Fade Across Texas as Most Buyers Face Zero Opponents

Although home prices and mortgage rates remain high, Texas homebuyers are faced with one less challenge as they shop the market: Competition is down. In a survey conducted by Texas Realtors, a professional membership organization with over 145,000 members, 69% of respondents said their buyers did no
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