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.
Astor scores $36M loan for Little Havana apartment project

Astor Companies nabbed a $36 million construction loan for a multifamily project that already broke ground in Miami’s Little Havana. Ocean Bank provided the financing for an affiliate of Astor, a Coral Gables-based firm led by Henry Torres, that is developing Havana Enclave, an eight-story building
Read MoreMortgage rates drop below 6% for FHA, VA loans

On Thursday, mortgage rates data from Mortgage News Daily (MND) showed that the 30-year fixed rates for government loans fell below 6%. As of Thursday afternoon, the average Federal Housing Administration (FHA) loan rate was 5.97% and the U.S. Department of Veterans Affairs (VA) rate was 5.99%. Mort
Read MoreLennar drops $16M on 97 homesites in Redlands

Lennar, one of the nation’s largest homebuilders, dropped $16.3 million on 31 acres in the Redlands area of unincorporated Miami-Dade County. The land is slated for 97 homesites in a development dubbed Redlands Ridge. Records show a Lennar affiliate bought the land at the intersection of Krome Aven
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Oscar-winning actress turned lifestyle guru Gwyneth Paltrow is famous for walking some of life's more unconventional paths, particularly when it comes to her relationships—yet even she is happy to admit when those unique roads result in more bumps than she might have liked. Case in point, her decisi
Read More 27,000 Empty Apartments and 10,000 Homeless in Denver: Is a ‘Ghost Tax’ the Answer?

As nearly a third of Colorado households are severely housing cost burdened, nearly 27,000 rental units sit empty across Denver, according to some estimates. Now, housing advocates are saying it’s time to tax those vacant homes, arguing that landlords who keep units off the market should help fund a
Read MoreReal estate pros: Explain the value of buyer rep without sounding like a script

One of the most important parts of a real estate agent’s job is helping buyers understand why working with you matters, especially now that the new rules around representation and compensation have changed the conversation. Now, more than ever, it is important for buyers to understand the value your
Read MoreMortgage rates hit new 2025 low as jobless claims spike
Mortgage rates have reached a new low for 2025, despite the Consumer Price Index (CPI) inflation being well above the target and showing a stronger increase in the core goods component. Why are mortgage rates at 6.27%? Jobless claims experienced a significant spike today, which suggests that the lab
Read MoreWhy Smart Homeowners Get a Power of Attorney Before They Need One

Few things in life go exactly as expected, and that includes enormous, life-changing transactions like buying or selling a home—which can hinge on physically showing up with a pen to your closing. Whether you’re dealing with a busy schedule or a sudden medical issue, unfortunately, you may not be
Read MoreHomebuyers strained by costs, confused about mortgage market
Mortgage rates remain below the 50-year average, but most homebuyers see them as unusually high — a perception that is driving stress, delaying purchases, and reshaping major life decisions, according to a nationwide survey conducted in August. The survey of more than 1,000 buyers, released this wee
Read MoreMost Gen Xers doubt their retirement readiness

With the oldest members of Generation X set to turn 60 by the end of 2025, many are approaching retirement with financial concerns. Northwestern Mutual’s 2025 Planning & Progress Study, released this week, found that more than half (54%) of Gen Xers born between 1965 and 1980 don’t believe they’ll b
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Hollywood actress Nina Dobrev and professional snowboarder Shaun White have called off their engagement and ended their relationship after five years together—just 24 months after the once-happy couple purchased their first home together in Los Angeles. The Winter Olympian, 39, and "The Vampire Diar
Read More Mortgage Interest Rates Today: Mortgage Rates Plunge to New Low as Key Fed Decision Looms

Mortgage rates tumbled Thursday to a new 11-month low following a disappointing jobs report and alongside August inflation data, which could shape the Federal Reserve's closely watched interest rate decision next week. The average rate on 30-year fixed home loans was 6.35% for the week ending Sep
Read MoreAvoid the Silent Treatment: Why Ignoring Your Tenant Can Cost You

Having low and infrequent communication with your tenants might feel like avoiding conflict, but it’s actually inviting bigger problems. From unanswered maintenance requests to missed rent reminders, ignoring tenant communication can quickly snowball into costly repairs, tenant turnover, and a damag
Read More‘The Parent Trap’ Star Polly Holliday Passes Away at 88 Inside Longtime Manhattan Home

Hollywood icon Polly Holliday has died inside her Manhattan home at the age of 88 after suffering from pneumonia. The actress—known for her roles in hit film "The Parent Trap" and fan-favorite sitcom "Alice"—died on Sept. 9 in her New York home, her agent Denise Aspland, told The New York Times. Hol
Read MoreTerra, Frisbie mega-project in Boca Raton heading to referendum

The Boca Raton City Council agreed to wait for a voter referendum before formally approving a 99-year lease that would enable Miami-based Terra and Palm Beach-based Frisbie Group to build apartments, condos, retail, and offices on public land. On Tuesday evening, elected officials instructed the cit
Read MoreThis Gateway City Is the Hottest Housing Market in the U.S.

The summer selling season turned into a slump, but one city has emerged on fire. Springfield, MA, is once again attracting the most online home shoppers, according to the Realtor.com® August 2025 Hottest Housing Markets. The city took the spot for the fourth month in a row and it's the seventh time
Read MoreBillionaire Boston Bruins owner buys Wellington mansion

The billionaire owner of the Boston Bruins bought a $10 million home in the equestrian village of Wellington from cable magnate John Malone. Records show Charlie Jacobs’ CMJ Hurlingham LLC bought the house at 2982 Hurlingham Drive from John and Leslie Malone. Amy Carr with Engel & Völkers Wellingto
Read MoreInflation Ticks Up to 2.9%, but Fed Rate Cut Seems Assured as New Unemployment Claims Surge

Inflation ticked up in August in a troubling sign for consumers, but not enough to prevent a Federal Reserve interest rate cut next week as more alarm bells ring in the labor market. Overall inflation rose 2.9% last month compared to a year earlier, up from the 2.7% rate recorded in June, according
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In Pacific Palisades, CA, it's not uncommon to come across a dwelling that boasts an impressive Hollywood history—yet even among all that star power, one property still manages to stand out: a newly transformed mansion that was built on the foundation of a home once owned by comedian Dom DeLuise. Na
Read More Median U.S. Income Rises 2% to $81,604—but 21 States See No Increase Despite Rising Costs

Incomes got a modest bump nationally last year, although residents of 21 states saw no significant increase in their earnings despite facing rising costs, new U.S. Census Bureau data shows. Median household income in the U.S. rose to $81,604 in 2024, a 2% increase from the prior year after adjusting
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