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.
Here are six competing proposals to build Fort Lauderdale’s new city hall

Fort Lauderdale is attempting to find a developer for its new city hall, two years after the former government center was damaged in a flood from a historic rainstorm. Six groups filed proposals to build a new city hall at 100 North Andrews Avenue, with some of the applications proffering two or mo
Read MoreCities Across the World Where Luxury Developments Are Booming

Luxury is moving beyond the mainstream cities where upscale designers sit on avenues, creating a shopper's haven for locals and tourists. Five global destinations are emerging as new chapters in the high-end residential luxury market, according to a new report. U.K.-based global real estate consulta
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Michelle Dockery, star of "Downton Abbey," has opened the doors to her sprawling London townhouse, revealing a colorful paradise that is filled with fun—and just a little touch of the regal elegance her on-screen family is best known for. The 43-year-old actress gave Architectural Digest a tour of h
Read More 7 Affordable Metros Where Home Prices Are Below $300,000

The challenge facing many homebuyers trying to break into the real estate market is affordability. The national median list price in August stands at $429,990—which is unchanged from this time last year, but down 2.2% from July. And while inventory remains high, trying to find a home that's affordab
Read MoreFrom Bidding Wars to Bargains—How Austin’s Housing Market Became a Buyer’s Market

Austin, TX, once the poster child of America’s pandemic housing boom, has flipped into a buyer’s market. After years of surging demand and record-setting prices fueled by remote workers and tech transplants, the tide has turned. Listings are piling up, prices have retreated from their peak, and affo
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The founders of luxury Western wear brand Kemo Sabe are throwing their cowboy hats—and their "one of a kind" ranch—into the housing market ring, after listing the extraordinary 35-acre Colorado property for $9.3 million. It marks a significant milestone for Tom and Nancy Yoder, who have owned the Ba
Read More Do Tiny Horses and Other Gimmicks Really Sell Houses Faster?

A listing in California's Ventura County just went viral—not for a slashed price or staging with Restoration Hardware, but for enlisting the help of Lemon, a therapy miniature horse. “I’ve always had creative ideas, but for a long time I didn’t apply them in real estate,” says Lucy Oliveira, the lis
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Hollywood legend Mark Wahlberg's former "playground" in Beverly Hills has hit the market again at a significant discount—12 years after the actor sold the extensively remodeled mansion. The property, which is in the celebrity-loved Oak Pass community, was originally put on the market in November 202
Read More United CEO says he expects struggling Spirit Airlines to go out of business

United CEO Scott Kirby said that the discount airline model is over.
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A rare estate in Arizona's highly sought-after Paradise Valley is living proof that you should never judge a book by its cover—as it conceals a party-ready oasis behind an elegant and immaculately landscaped exterior. From the street, the expansive property, might not register with passersby save fo
Read More Another Dan Kodsi Miami dev site is facing foreclosure

After securing a reprieve in a foreclosure case involving his Miami Worldcenter development, Dan Kodsi could lose another project site in the city to a lender. On Sept. 5, an affiliate of Delray Beach-based Forman Capital, led by Brett Forman and Ben Jacobson, sued two Kodsi-managed entities that ow
Read MoreForman Capital seeks foreclosure of dev site in Miami’s A&E District

Forman Capital is seeking to foreclose on a development site slated for a condo-hotel in Miami’s Art & Entertainment District over an alleged $8.3 million loan default. The project was being managed by developer Dan Kodsi, but he and the borrowers’ attorney Joseph Pardo told The Real Deal he is no
Read MoreInvestor home purchases hit lowest second-quarter level since 2020

U.S. real estate investors bought about 52,000 homes in the second quarter, the lowest level for that period since 2020, according to a report from Redfin. Purchases were down 6% from a year earlier — the largest drop since late 2023. Redfin, which analyzed purchase records across 39 major metropoli
Read MoreNon-QM lender Griffin Funding unveils AI-driven underwriting platform

Griffin Funding has launched an internal artificial intelligence-driven platform designed to help loan officers navigate the complex world of non-QM lending. The tool, known internally as “LIA,” pulls hundreds of pages of program guidelines into a single system and uses AI to deliver tailored answer
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Anna Duggar is facing brutal criticism after launching a puppy-breeding business from inside the $1 million Arkansas home her father-in-law, Jim Bob, is said to have bought for her in April—while his son, Josh, remains behind bars after being handed a 12-year prison sentence for possession of child
Read More Here’s what’s happening at the Raleigh Miami Beach redevelopment

Michael Shvo has had his fair share of issues across his career as a broker and developer, only to walk away unscathed. At 125 Greenwich, a planned 88-story high-end condo tower in downtown Manhattan, Shvo’s partners bought out his interest when he was indicted on tax evasion in 2016. The developm
Read MoreBaltimore’s push against vacant housing shows positive results

Recent efforts to cut down on vacant residential properties in Baltimore have proven to be effective, according to new Urban Institute data. By 2020, the city had more than 16,000 vacant buildings and a residential vacancy rate of 7.7%. In parts of east and west Baltimore, the rate was nearly one in
Read MoreChristie’s International Real Estate names SVP of strategic growth

Christie’s International Real Estate has appointed G. Scott Hurlock as senior vice president of strategic growth, a new role at the company. Hurlock will oversee network expansion for the luxury real estate brand by pursuing new partnerships and working with affiliates on organic growth, mergers and
Read MoreStymied Sellers Back Down as Home Prices Drop for the First Time Since Spring

Sellers and buyers spent the summer months locked in a standoff amid a stalled housing market, but last week, the sellers finally flinched. The week ending on Sept. 6 saw both the national median list price and the median list price per square foot, which accounts for home size, decrease annually, a
Read MoreTexas bill targets deed fraud, but expert points to online loopholes

A bill on Texas Gov. Greg Abbott’s desk could give county clerks new tools to combat deed fraud, but one industry expert says the measure doesn’t go far enough to protect against scams carried out online. Senate Bill 15 — approved by the Texas Legislature in August — would require clerks to ask for
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