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.
HECM endorsements spike in November amid shutdown backlog

Home Equity Conversion Mortgage (HECM) endorsements saw an artificial increase in November due to the federal government shutdown, an effect that may continue into December. Meanwhile, activity in the secondary market slowed down, according to reports released this week. In total, the Federal Housin
Read MoreBillionaire Greg Mondre finds buyer for Palm Beach teardown asking $40M

Luxury deals slowed during the holiday week, after an early November surge, but a private equity billionaire still managed to find a buyer for his oceanfront Palm Beach home. Buyers signed 15 contracts between Nov. 24 and Nov. 30 for luxury properties in Palm Beach County, according to Douglas Ell
Read MoreNorthern Virginia real estate leaders speak on recent inventory surge

Northern Virginia’s housing market saw a dramatic rise in available homes this fall, with active listings climbing 39.4% in October compared with the same month a year earlier, according to HousingWire Data. The region recorded 8,194 active listings in October, up from 5,877 annually — a level of su
Read MoreNevada lawmakers kill bill to limit corporate home buys for rentals

By a single vote, Nevada legislators spared the governor a second time from having to veto a measure that would cap the annual number of residential properties firms could buy and rent out as homes. During a special session, the failed legislation would have given Democratic lawmakers the required
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First lady Melania Trump has unveiled her 2025 White House Christmas decorations with much aplomb—revealing a scaled-back take on the festive tradition amid the ongoing demolition of the East Wing. Melania, 55, filled multiple rooms in the historic building with traditional decor, centering them aro
Read More Car dealer snaps up waterfront Fort Lauderdale mansion for $26M

Car dealer Alan Jay Wildstein bought a waterfront mansion in Fort Lauderdale for $26 million and a steep discount to the listing price. Records show Wildstein bought the 10,700-square-foot home at 2406 Laguna Drive from Matthew and Lorena Roos. He bought the home with $20.5 million in seller financ
Read MoreMetroList, Calaveras County Association of Realtors partner

Northern California’s largest MLS MetroList is partnering with Calaveras County Association of Realtors (CCAR) to expand its footprint and provide more tools and technology to CCAR members. The two announced their partnership on Tuesday. Through the partnership, CCAR members now have access to Metr
Read MoreZillow removes climate risk data from listings after MLS concerns

Zillow has begun removing climate risk data from listings on its site. The New York Times, which first reported the move, said Zillow began removing the data, which was provided by First Street Technology, in mid-November. According to The Times, Zillow removed the data after the California Regiona
Read MoreOKO, Cain score $630M refi for 830 Brickell amid South Florida lending flurry

Vlad Doronin’s OKO Group and Cain International scored a $630 million refinancing for their 830 Brickell office tower. The deal comes amid strong lending in South Florida, despite higher interest rates. Lenders led by Goldman Sachs and J.P. Morgan Chase provided the refinancing, which replaces the
Read MoreMortgage rates expected to hold firm even with another Fed cut on the horizon
Mortgage rates remain in a holding pattern at the start of December and the general consensus among market experts is that little will change even if the Federal Reserve implements another interest rate cut next week. Mortgage News Daily reported that 30-year fixed-rate mortgages averaged 6.31% on M
Read MorePolunsky Beitel Green names Prasad Kodibagkar as CTO

Polunsky Beitel Green LLP, a law firm representing residential mortgage lenders, on Tuesday named Prasad Kodibagkar as chief technology officer. Kodibagkar brings more than 30 years of experience modernizing technology across the mortgage industry, having held senior technology roles at major mortga
Read MoreFour Snacks that Pack Fiber to the Max

What is Fibermaxxing? While “fibermaxxing” is not an official medical term, its philosophy is rooted in science. It is essentially boosting your daily fiber intake to meet or even exceed the recommended daily intake, which is typically between 25 and 38 grams for adults. The Centers for Disease Cont
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Magnolia Network stars Joanna and Chip Gaines got a little too familiar with the wildlife at their new Colorado mountain house—where they quickly learned that their scenic surroundings are as petrifying as they are pretty. The renovation experts were working on their new abode, a process that they a
Read More St. Regis Sunny Isles construction loan boosted to $418M

Edgardo Defortuna’s Fortune International Group and Manuel Grosskopf’s Château Group closed on additional financing for their under-construction St. Regis Residences in Sunny Isles Beach. Little Rock, Arkansas-based Bank OZK increased the existing loan by over $200 million to $418.3 million, complet
Read MoreSavor Spanish Fare at Paella’s Mediterranean Fusion

Iberian meats and cheeses. Photo courtesy of Paella’s Mediterranean Fusion For 11 years, Lamoraga was a go-to destination for traditional tapas, hearty meat dishes, and fragrant paella. It closed last April to the dismay of customers and the restaurant’s longtime chef, Juan Perez. “The owner said, ‘
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At The Ritz-Carlton, Naples, the annual walk-through of a life-size gingerbread house takes place December 13-25. Photo by Deremer Studios LLC For those who love a little sparkle to conjure the holiday spirit, consider a visit to either of the Ritz-Carlton properties in Naples this month. Both the b
Read More At Home with Kiran Gill and Khary Robinson

Kiran Gill and Khary Robinson pose within their North Naples home. Photo by Nick Shirghio Meet Team K. Mom, Kiran Gill, born and raised in Chicago, is a plastic surgeon, who founded Naples Aesthetic Institute. Dad, Khary Robinson, grew up in Jamaica. He attended boarding school in Connecticut to pla
Read MoreCollier Building Industry Association Toy Drive is Underway

Scenes from the 2024 Toy Drive. Photo courtesy of Collier Building Industry Association For students at Pinecrest Elementary School and Shadowlawn Elementary School, the holidays come early, as Collier Building Industry Association (CBIA) hosts an annual toy drive to give joy to kids in need. Tom Ly
Read MoreJingled Elves Host a Party with a Purpose

Jingled Elves. Photo by Helen Werener The Jingled Elves once again don their red tees, elf hats, and sneakers for a festive trolley ride through Naples, stopping to perform an impromptu flash mob dance on the event lawn at Mercato, Venetian Village, and Sugden Plaza to support organizations helping
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“Saturday Night Live” alum Ego Nwodim is busy setting the stage to host Christmas for the first time—live from New York—at her Brooklyn apartment. The 37-year-old comedienne, who spent seven seasons on the iconic NBC sketch comedy series, has lived in the same apartment unit for about six years, tho
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