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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Joanna Gaines may be famous for leading a lifestyle, retail, and media empire with her husband, Chip Gaines, but the HGTV star has admitted that even she deals with burnout and imposter syndrome. The 48-year-old mom of five recently opened up about her new role at Magnolia, and how a bold decision t
Read More 5 Sun-Drenched Homes Bringing Southwestern Charm to Cold-Weather Cities

With winter right around the corner, it's time to start preparing for the drop in temperatures. One of the best ways to do that is by finding a warm and inviting home, especially if you live in a chilly state where winters seem to linger a little longer. From New York to Washington, we found five su
Read MoreFHA launches optional transition period to UAD 3.6

Lenders can begin sending FHA appraisals in UAD 3.6
Read MoreSee How a 1970s Brentwood Tudor Was Transformed Into an $8 Million Modern Estate

A "fully renovated" Tudor in Los Angeles' Brentwood neighborhood just hit the market for $8 million. Built in 1972, the six-bedroom residence designed by Jordan Bakva blends timeless design with modern amenities. Bakva reworked significant portions of the layout, completely renovated the kitchen and
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Chris Brown's former housekeeper, Maria Avila, has accepted a reduced payout of $9.5 million—after she was attacked by his dog while at his $6 million California home. Avila was brutally attacked by his 200-pound Caucasian shepherd guard dog, Hades, at his Tarzana, CA, home in 2020. After the first
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Orlando’s multifamily market is recovering from an oversupply hangover. Construction has slowed, rent growth hit a bottom and demand is beginning to absorb the apartment glut. Investors and developers are optimistic that the market is entering a period of stabilization fueled by population and job
Read More Mortgage Calculator: Here’s How Much You Need To Buy a $430K Home at a 7.28% Rate

Mortgage rates experienced a sharp upward surge this week, with the average rate on 30-year fixed home loans climbing to the 7.28% mark for the week ending Oct. 1, up 25 basis points from 7.03% the previous week, according to Freddie Mac. This substantial increase reflects a significant tightening i
Read MoreLarry Ellison To List Lavish Oceanfront Florida Property for $165 Million

Billionaire Oracle co-founder Larry Ellison is planning to bid farewell to his sprawling waterfront property in Florida, with hopes to fetch $165 million. Ellison snapped up the palatial pad back in 2021 for $80 million with the intention of tearing it down. However, over a year later, he tested the
Read MoreFed Rate Hike in October Looks Less Likely After Weak Jobs Report

Coming off an unexpected surge in August, the U.S. labor market stumbled in September, adding just 29,000 new jobs as the unemployment rate edged up to 4.2%. According to the latest report from the Bureau of Labor Statistics, released Friday, economic recovery suffered a setback at the start of fal
Read MoreUnited Airlines gets aggressive in battle for top Delta, American flyers

United Airlines launched an aggressive status match program for Delta and American's top frequent flyer elites.
Read MoreHomebuyers Gain the Upper Hand as Active Listings Surge—With the Biggest Increases in These 3 Cities

While surging mortgage rates have diminished buying power for many this fall, the well-prepared and savvy home shoppers can still find attractive opportunities out there—if they know where to look and how to use the shifting market conditions to their advantage. September saw the growth of for-sale
Read More13th Floor sells Delray Beach rentals for $33M as developers target city

Fort Lauderdale-based 13th Floor Homes sold a recently completed Delray Beach rental community to a Tampa-based buyer for $33.4 million. Robbins Property Associates picked up the 55-and-older community at 14800 Cumberland Drive in western Delray Beach just a year after it was completed. The homebui
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“Supercitizen” Ken Griffin, as Miami-Dade Mayor Daniella Levine Cava called him, is bringing Carnegie Mellon University to Miami as part of a landmark $3 billion gift. The campus will be transformative for the city, but the real estate purchase that made it possible is already affecting the Wynwood
Read More Miami Developer Gets 11 Years in Prison for $89 Million Investor Scam To Fund His Lavish Lifestyle

A real estate developer in Miami was sentenced to more than 11 years in federal prison after defrauding investors out of approximately $89 million. Rishi Kapoor, 41, used investor money to fund a lavish lifestyle, making purchases including a 2.8-carat diamond ring, a 68-foot yacht, and a $5.9 milli
Read MoreLouisiana Family Is Accused of Torching 13 Homes in Elaborate Insurance Fraud Scheme

A Louisiana woman, along with several of her relatives and their associates, has been charged in an elaborate insurance fraud scheme that allegedly involved setting fire to more than a dozen homes across Louisiana. Lashaundalyn Whitlock Brown, 41, was charged with federal counts of wire fraud, money
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Josh Duhamel has revealed how his decision to enter the testosterone business left him fearing that he could be run out of Hollywood because his fellow A-listers would "make fun" of him—while opening up about the very different life he has built away from Los Angeles. The 53-year-old "Ransom Canyon"
Read More British billionaire Chris Rokos sells Manalapan estate for $83M

British billionaire and hedge fund manager Christopher Rokos sold his waterfront Manalapan mansion for $83.2 million, more than double what it last sold for a decade ago. A United Kingdom-registered entity purchased the 2.8-acre estate at 1370 South Ocean Boulevard for $40 million in 2017 from Patró
Read MoreBoeing engineers and technical workers approve new contract, avoiding strike

The work group comprises Boeing's largest white-collar union.
Read MoreMaryland Bans ‘Check in the Mail’ Homebuying Tactic

Maryland homeowners who open their mailboxes to find what looks like a check offering hundreds of thousands of dollars for their house will have one less reason to wonder whether they should cash it. A new state law took effect on Thursday making it illegal to send a check or other negotiable instru
Read MoreYour AC Survived the Summer. Will It Survive Your Neglect This Fall?

As soon as the cooler weather hits, many homeowners fall victim to the "out of sight, out of mind" syndrome when it comes to their air conditioner. Some tend to overlook the state of their AC system because they’re no longer using it. If this sounds like you, understand that neglecting your AC syste
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