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.
Luxury real estate market projected to exceed $330B by 2030

While much of the U.S. housing market faces affordability pressures and elevated mortgage rates, the luxury sector continues to expand. A new Mordor Intelligence report projects the high-end residential market will exceed $338 billion by 2030, up from roughly $289 billion today. The firm reports tha
Read MoreArkansas Is Winning in Affordability and Homebuilding: Can Gov. Sanders Keep It Going?

Arkansas continues to punch above its weight in housing affordability and new construction. The state earned a B on the Realtor.com® State-by-State Housing Report Card, part of the Let America Build campaign that tracks how well states are meeting the challenge of building more homes while keeping c
Read MoreHome improvement contractors remain cautiously optimistic despite slowdown

Most home improvement contractors are still optimistic about the future of the market, but headwinds such as material costs and reined-in consumer spending are weighing down expectations. The Q3 Contractor Activity Tracker, released by The Farnsworth Group and Home Improvement Research Institute, f
Read MoreMiami ranks second to Dubai in branded residences pipeline

Miami ranks second only to Dubai among global markets for its branded residence pipeline, a newly released report shows. Dubai had 64 completed projects and an additional 87 in the works, with Miami trailing behind with 48 completed projects and 55 planned, according to the report from British broke
Read MoreSupreme Court’s tariffs case could have minimal impact on construction costs

The Supreme Court could decide on the legality of many of the Trump administration’s tariffs within months, but the ruling won’t impact many of the administration’s levies on imported construction materials such as lumber, steel, aluminum and copper. The case before the Supreme Court contests the l
Read MoreHUD announces drastic changes to homelessness strategy

The Trump administration is preparing a major overhaul of its homelessness strategy, moving away from long-term housing support and reducing funding for those programs. The plan redirects Continuum of Care program resources toward short-term shelters that tie participation to employment and substanc
Read MoreSeafood restaurant owners with political pull seek rent break from Miami-Dade County

Citing negative impacts from climate change, Miami-Dade officials may grant a rent break to a politically connected restaurant tenant leasing a county owned waterfront venue. Hammock Marine Corporation — a company owned by Rodney Barreto, chairman of the Florida Fish & Wildlife Commission, and Brian
Read MoreMidcentury Modern Gold Mines: 5 Architectural Gems That Promise a Huge Return on Investment

With its clean lines, open floor plan, oversized windows, vaulted ceilings, and walls of glass, the midcentury modern style has remained one of the most sought-after home designs since it was first introduced back in the mid-20th century. Midcentury modern designs first began popping up in the mid-1
Read More6 Home Renovation Mistakes Most People Make During the Winter

Renovating a home, no matter the time of year, can be equal parts exciting and overwhelming. However, renovating in the winter may come with its own set of additional issues. Exterior renovations are especially risky during the colder months since the ground at your construction site can be slippery
Read MoreThe 50-year mortgage: I’m not buying the “forever loan”

A 50-year mortgage sounds like the next big innovation in housing finance, a way to make homes “affordable” again in an era of high prices and stubborn interest rates. But the way I was raised and educated, financial independence and straight talk count. Having studied economics at Texas A&M, I see
Read MoreTennessee Is Winning in Affordability and Homebuilding: Can Gov. Lee Keep the Boom on Track?

Tennessee’s housing market continues to ride a wave of growth powered by strong migration, robust job creation, and steady new construction. The Realtor.com® State-by-State Housing Report Card gave the Volunteer State a C, reflecting its ability to deliver new homes while maintaining moderate afford
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Convicted murderer Alex Murdaugh's former housekeeper has opened up about the sinister signs she saw around the former lawyer's infamous South Carolina hunting estate that convinced her of his guilt in the murders of his wife, Maggie, and son, Paul. Blanca Turrubiate-Simpson had been working for the
Read More Pennsylvania Is Struggling in Affordability and Homebuilding: Can Gov. Shapiro Bridge the Gap?

Pennsylvania’s housing market is caught in a slow squeeze. The Realtor.com® State-by-State Housing Report Card gave the Keystone State a C, reflecting modest affordability but limited construction activity. The report—part of the Let America Build campaign—evaluates how each state balances homebuild
Read MoreForeclosures Rise for 8th Straight Month—These States Have the Worst Rates

Foreclosures across the U.S. continue to rise—and the increases are in the double digits. "Foreclosure activity continued its steady upward trend in October, the eighth straight month of year-over-year increases. Starts rose nearly 20%, while completed foreclosures were up 32% from last year," says
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Hollywood legend Richard Gere has shared some candid insight into his new life overseas, revealing the aspects of the Spanish lifestyle that he actually prefers to the U.S. Gere, 76, is preparing to mark the one-year anniversary of his move to Spain, along with his wife, Alejandra Silva, and three o
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North Dakota’s housing market is small but resilient. The Realtor.com® State-by-State Housing Report Card gave the area a solid C, reflecting a stable balance between affordability and new construction. The report—part of the Let America Build campaign—grades every state on how well it supports affo
Read More Mortgage Calculator: Here’s How Much You Need To Buy a $424,200 Home at a 6.24% Rate

Mortgage rates this week for a 30-year fixed loan increased to 6.24%, up from 6.22% last week. Though an uptick, it's a steady move given the federal government’s reopening after the longest-ever shutdown in American history. So what impact does this have on your monthly mortgage payment? And what d
Read MoreNew York Is Failing in Affordability and Homebuilding: Can Gov. Hochul Fix the Crisis?

New York’s housing crunch has reached a breaking point. Realtor.com® State-by-State Housing Report Card gave the Empire State an F—the lowest possible grade—highlighting severe affordability challenges and minimal new construction activity. The report, part of the Let America Build campaign, evaluat
Read MoreDowntown Miami Holiday Inn redevelopment site heads to auction with $70M reserve price

A distressed Holiday Inn site will hit the auction block next month, signaling a possible jumpstart for redeveloping one of the last major parcels in downtown Miami. The property at 340 Biscayne Boulevard, currently home to the 200-key Holiday Inn Port of Miami-Downtown, will be sold through a cour
Read MoreForest Development wins bid to build $325M project near Riviera Beach’s waterfront

The Riviera Beach Community Redevelopment Agency will negotiate the sale of 2.2 acres near the waterfront to Peter Baytarian’s Forest Development to build a mixed-use project. Riviera Beach council members, sitting as the city’s CRA’s board of commissioners, approved the deal with North Palm Beach-b
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