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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Hollywood star George Clooney is opening up about why raising his children in France will give them a "much better" life than if they had been brought up in Los Angeles—explaining that removing his kids from the U.S. will enable them to escape the trappings of their parents' fame. The 64-year-old ac
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Former Atlanta Falcons star Grady Jarrett is going all in on Illinois by putting his sprawling Georgia mansion on the market for $6.3 million—just months after signing a $12.5 million three-year contract with the Chicago Bears. The 32-year-old athlete picked up the luxurious bachelor pad, which is s
Read More Timbaland sells Coral Gables mansion to personal injury mogul

Grammy award-winning artist Timbaland sold his Coral Gables mansion for $14 million. Timbaland, whose legal name is Timothy Mosley, sold his 8,452-square-foot, seven-bedroom and eight-and-a-half-bathroom house at 5400 Hammock Drive, records show. The record producer, rapper, singer-songwriter and
Read MoreDalfen buys fully leased warehouse in Miami Lakes for $30M

Dalfen Industrial bought a fully leased warehouse in Miami Lakes for $30.1 million. Dallas-based Dalfen purchased the 192,000-square-foot building at 5770 Miami Lakes Drive from Denver-based Sagard Real Estate, according to records and real estate database Vizzda. The one-story building was complet
Read MoreBillionaire Real Estate Tycoon Distances Himself From Son Over $2 Million Man Cave ‘Scam’

David Bren, a son of billionaire real estate developer Donald Bren, is facing several lawsuits accusing him of taking more than $2 million from investors with promises of a playground for the rich. Now, his father is publicly distancing himself from his namesake. In an email to Realtor.com®, Paul He
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Comedian Roseanne Barr is laughing all the way to the bank after offloading her longtime Hawaii ranch for $650,000 over her $1.95 million asking price—securing a buyer within days of listing the 46-acre property. Barr, 72, originally purchased the sprawling Honokaa macadamia nut farm for $1.78 milli
Read More Reality check: Todd Nepola files “Real Housewives of Miami” defamation suit

Todd Nepola is clapping back at the networks and production company of “The Real Housewives of Miami” for allegedly distorting reality about him. Nepola, a Hollywood-based commercial real estate investor, filed a defamation lawsuit in Miami federal court on Tuesday against cable network Bravo, its p
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An equestrian estate in Nantucket that once played host to Beyonce and Jay-Z has become the most expensive property currently listed in the tony Massachusetts enclave after hitting the market for $39.9 million. Though the property's asking price falls just shy of the $42 million record set for Nantu
Read More Morgan buys 300-unit apartment complex near West Palm Beach for $70M

Morgan Properties bought a 300-unit apartment complex near West Palm Beach for nearly $70 million, amid an uptick in South Florida multifamily investment sales. Conshohoken, Pennsylvania-based Morgan purchased the gated garden-style property at 4860 Sand Stone Lane in unincorporated Palm Beach Coun
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Retirees in Massachusetts face steep financial challenges if they plan to rely solely on Social Security. According to a Realtor.com® analysis of median Social Security benefits by state and the Elder Economic Security Standard Index, the Bay State ranks among the most difficult places in the nation
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Retirees in New Jersey face one of the toughest financial challenges in the nation if they’re relying solely on Social Security. According to a Realtor.com® analysis of median Social Security benefits by state and the Elder Economic Security Standard Index, seniors in the Garden State experience an
Read More Homebuyer Sentiment Remains Muted as Most Say It’s Still a Bad Time to Buy

Homebuyer sentiment remained subdued in September despite a drop in mortgage rates, with nearly three-quarters of consumers saying it's a bad time to buy a house. Overall consumer sentiment toward housing as measured by Fannie Mae's Home Purchase Sentiment Index was at 71.4 last month, unchanged fro
Read MoreProminent Chicago legal experts set record with $31M purchase of Bal Harbour condo

French insurance mogul Solly Azar sold his Oceana Bal Harbour condo for $30.5 million to Dan Fischel and Sylvia Neil, prominent legal experts from Chicago. The sale marks a record for Bal Harbour condo sales. The previous record in the town is another condo at Oceana that traded for $25 million in
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For retirees in Vermont, Social Security benefits fall dramatically short of covering even the most basic living expenses. According to a Realtor.com® analysis of median Social Security benefits by state and the Elder Economic Security Standard Index,, Vermont ranks as the toughest state in the nati
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NBA icon LeBron James sent Los Angeles Lakers fans into a frenzy of speculation about his potential retirement on Monday, when he shared a cryptic post about a "second decision" that led many to assume he was planning to announce the end of his professional basketball career. James, 40, sparked the
Read More You Can Live Well in Michigan on Just Your Social Security, If You’ve Paid Off Your Mortgage

Michigan squeaks onto the list of states where retirees can technically live on Social Security alone—if they’ve already paid off their mortgage. According to a Realtor.com® analysis of median Social Security benefits by state and the Elder Economic Security Standard Index, the typical retiree in Mi
Read MorePrivate Mortgage Insurance (PMI) vs. Lender-Paid PMI: Which Saves More Money Over Time?

Mortgage rates have come down from recent highs but remain elevated. As of Oct. 2, the 30-year average mortgage rate stood at 6.34%, according to Freddie Mac. And while housing supply has improved, many homeowners feel locked in by the lower rates they secured a few years ago. These factors, coupled
Read MoreYou Can Live Well in Tennessee on Just Your Social Security, If You’ve Paid Off Your Mortgage

Tennessee barely makes the cut as a state where retirees can survive on Social Security benefits alone—if they’ve already paid off their mortgage. According to a Realtor.com® analysis of median Social Security benefits by state and the Elder Economic Security Standard Index,, retirees in the Volunte
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Taylor Swift has opened up about the moment that NFL star Travis Kelce popped the question to her on the grounds of his Kansas mansion—detailing how he managed to hide an intricate floral garden that he had set up for the occasion while they were inside the property. Kelce proposed to Swift in a ver
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President Donald Trump's daughter, Tiffany Trump, has shared a rare glimpse at her baby son, Alexander Trump Boulos, while enjoying a mother-son outing in New York City over the weekend. Tiffany, 31, who welcomed her first-born child with husband Michael Boulos on May 15, traveled to the Big Apple t
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