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.
Jordache founders default on South Beach Breakwater hotel’s $28M loan, debt in special servicing

The Nakash family’s woes at its Breakwater hotel in South Beach continue, this time because of a loan default. The debt on the 100-key hotel at 940 and 960 Ocean Drive in Miami Beach entered special servicing after the Nakashes failed to pay off the loan at its maturity last month, marking the thir
Read MoreWest Capital Lending partners with Mortgage Connections

West Capital Lending said on Thursday that it has entered into a strategic partnership with Mortgage Connections, a Michigan-based mortgage brokerage. Mortgage Connections, founded by Ali Younes & Joe Dakroub Esq., has closed more than 843 transactions and $239 million in funded loan volume over the
Read MoreCompass’ acquisition strategy faces new tests after Anywhere deal
When Compass began acquiring brokerages across the country a decade ago, the goal was clear; rapid expansion in key markets. It was the second phase of Compass’s plan to expand after offering agent sign-on bonuses and incentives that brought them quick growth. The company — now the largest residenti
Read MoreFrom rates to reality: why innovative homeownership alternatives matter now

For generations, the American Dream was synonymous with homeownership — a white picket fence, a backyard and the pride of owning a place to call your own. But today, that dream is undergoing a quiet transformation. With the national median home price now exceeding $426,000, according to NAR, the goa
Read MoreHomeSmart names Stacey Onnen president

HomeSmart has announced its appointment of Stacey Onnen as president. Onnen has more than 20 years of experience in real estate — most recently working in the legal technology sector and previously leading a national initiative at Keller Williams. She also served as president of operations at eXp Re
Read MoreGreat Gulf wins rezoning for second West Palm Beach condo project

Canadian developer Great Gulf won a rezoning for its latest condo project in West Palm Beach. The West Palm Beach City Commission voted unanimously to grant the firm its requested rezoning and waivers for its planned 31-story, 97-unit condo project at 5400 North Flagler Drive. Toronto-based Great Gu
Read MoreGovernment shutdown halts new reverse mortgage endorsements

The Federal Housing Administration (FHA) said Wednesday it will continue processing claims during the government shutdown but cannot endorse new Home Equity Conversion Mortgages (HECMs) until funding is restored. That information was confirmed by the National Reverse Mortgage Lenders Association (NR
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Comedian Kristen Wiig doesn't joke around when it comes to tackling potential paranormal activity—admitting in a new interview with her fellow A-lister Amy Poehler that she went to extreme lengths to ensure that her Pasadena, CA, property was protected from any eerie spirits. Appearing on Poehler's
Read More Fewer New Listings Cool U.S. Home Supply Growth

Fewer new listings are hitting the market as sellers continue to hold back, slowing the pace of national inventory growth. Despite mortgage interest rates decreasing over the past few months, listing and sales activity remains muted, according to the latest weekly housing market trends report from R
Read MoreCiprés, Rilea score $90M construction loan for condo project near Wynwood

Ciprés and Rilea Group landed a $90 million construction loan for The Rider Residences, a planned condominium near Wynwood. Mexican bank Banco Inbursa provided the financing for the 12-story condo project with 146 units and 11,000 square feet of retail, a press release states. Javier Herrera with Fr
Read MoreThe Steven Cohen Team returns to Corcoran Group

After five years at Douglas Elliman, Steven Cohen and his team are returning to Corcoran Group, according to an announcement on Wednesday. The team will be affiliated with Corcoran’s East Side New York City office and it consists of nine real estate professionals: Scarlett Nawrocki, Stefanie Ruch,
Read MoreRiviera Beach approves rezoning for SobelCo condo project

The Riviera Beach City Council unanimously approved zoning changes that will enable SobelCo to build a 1.2 million-square-foot project near the Port of Palm Beach. Council members voted 5 to 0 on first reading Thursday night to rezone the 4.3-acre parcel at 1117 Broadway from Downtown Core District
Read More68% of U.S. Homeowners Struggled With Wi‑Fi Last Year, but You Don’t Have To Be Among Them

Even if you don't work from home , there’s a good chance you depend on your Wi-Fi for your everyday living. In fact, in this day and age, many household electronics depend on an internet signal to operate. When your Wi-Fi is working, all is good in the world—but when it’s not, you suddenly feel frus
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HGTV star Christina Haack has revealed that it was her ex-husband Tarek El Moussa who made the call to the network to tell producers that her then-estranged spouse, Josh Hall, needed to be removed from "The Flip Off" following their bitter split. Haack, 42, who split from Josh in July 2024 after nea
Read More Texas’ New Appraisal Rules Could Reshape Home Insurance Disputes

After years of homeowners and drivers sounding the alarm that they were losing leverage in claims disputes—and at a time when Texans are paying some of the highest insurance costs in the country—the state is moving to mandate a fairer claims dispute process. The Texas Department of Insurance release
Read MoreFannie Mae and Freddie Mac Ease Some Mortgage Rules During Government Shutdown

Government-backed mortgage giants Fannie Mae and Freddie Mac are temporarily relaxing certain requirements for lenders in an effort to minimize disruptions in loan approvals during the federal government shutdown. In guidance issued on Wednesday, Fannie and Freddie laid out alternative procedures fo
Read MoreMortgage Interest Rates Today: Mortgage Rates Increase as Government Shutdown Clouds Fed’s Plans

Mortgage rates edged up on Thursday as markets assessed the impact of the government shutdown, which began this week just as the Federal Reserve awaited key economic data to guide its next policy moves.The average rate on 30-year fixed home loans increased to 6.34% for the week ending Oct. 2, up fro
Read MoreHOA Ruining Your Life? 10 Unenforceable HOA Rules—and How You Can Fight Back

Living in a homeowners association can come with a legion of perks—like manicured common lawns, swanky amenities, and some rad Fourth of July barbecues. But anyone living in an HOA community will tell you straight out—there are a lot of rules enforced. There's a reason that there's a stigma against
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Actress Sydney Sweeney has reportedly set her sights on a unique $15 million Los Angeles dwelling—which was recently put on the market for the first time in 80 years and has, per the listing, played host to "royalty, presidents, politicians, and notables for decades." The 28-year-old, who is set to
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Actress Blake Lively has taken a wholesome break from the ongoing drama surrounding her legal battle with former co-star Justin Baldoni—by enjoying a baking session at her idyllic $6 million home in upstate New York. Lively, 38, who shares four children with her husband, Ryan Reynolds, is understood
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