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.
Older adults support many types of housing regulation reform

Older adults support changing zoning laws to make homebuilding easier, according to new surveys by AARP and the Pew Charitable Trusts. Older adults overwhelmingly want to age in place, but their homes are often unsuited to aging, while rising home prices and a shortage of housing inventory makes it
Read MoreTech Pulse: eXp’s digital twin trend; lenders urged to build AI compliance

Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: eXp Realty embraces digital twin tech to transform workflows eXp Realty isn’t dabbling in
Read MoreWhat to expect next from The Builder’s Daily

No one in the homebuilding business I know is sitting around waiting for things to get easier. That’s not how this works. Not in 2025. Not when mortgage rates, insurance shocks, permitting delays, capital costs and housing politics are all pulling in different directions. Not when builders are expec
Read MoreIs the real estate industry getting its antitrust enforcement wish?

Many in the real estate industry lauded President Donald Trump’s victory in the 2024 presidential election as they anticipated his win would usher in a new wave of weaker antitrust scrutiny on an industry that had spent the past four years battling its fair share of antitrust suits. However, these
Read MorePittsburgh, Cleveland top global metro affordability list
Pittsburgh and Cleveland rank as the world’s most affordable major housing markets, but a new report finds that not a single metro area among 95 studied actually qualifies as affordable. The annual Demographia International Housing Affordability report — released by Chapman University — measured aff
Read MoreHomebuyers seek independent research, but still want a real estate agent
From business practice changes, to a slowing housing market, to rapidly advancing technology, real estate agents have had to adapt quite a bit over the past few years. Still, homebuyers find them more important than ever. Data from Cotality shows that while more than 500,000 agents have entered the
Read MorePowell’s Jackson Hole speech stirs cautious optimism for housing

Federal Reserve Chair Jerome Powell’s speech on Friday at the Jackson Hole Economic Symposium left real estate and mortgage professionals cautiously optimistic. While expectations are building for lower interest rates, volatility remains a concern. In his final address as Fed chair at the Federal Re
Read MoreBoca Raton board approves Batmasians’ project near Mizner Park

Boca Raton’s Planning & Zoning Board voted in favor of developers James and Marta Batmasian’s proposal to build a mixed-use hotel near the Mizner Park shopping and entertainment district. Despite pleas from downtown area condo residents, the board voted 5 to 1 on Thursday to recommend parking space
Read MoreUSDA is automating its loan application uploading

The U.S. Department of Agriculture (USDA) announced this week that it has awarded technology services firm Phoenixteam a $49 million contract to modernize its mortgage underwriting platform, the Guaranteed Underwriting System (GUS). The Arlington, V.A.-based company will overhaul GUS, which supports
Read MoreMortgage rates hit year-to-date lows after Powell comments
We’ve reached fresh new year-to-date lows in mortgage rates after Jerome Powell, speaking at the Jackson Hole Economic Summit on Friday, suggested that the labor market may be more important than inflation for the time being. If only someone had been saying that for a few years! All jokes aside, mor
Read MoreSouth Florida residential sales volume drops 10% in July

South Florida’s residential market continued its months-long slowdown in July. Dollar volume in Miami-Dade, Broward and Palm Beach counties dropped 10 percent to $4.5 billion, down from $5 billion last July, according to Multiple Listing Service data collected by the Miami Association of Realtors. M
Read MoreOren Alexander hires Diddy’s “dream team” lawyers for federal sex trafficking defense

Oren Alexander has hired two new criminal defense attorneys fresh off the case of Sean “Diddy” Combs. The disgraced real estate broker tapped Marc Agnifilo and Teny Geragos, who defended the hip hop mogul, along with attorney Zach Intrater, to represent him in his upcoming sex trafficking trial. O
Read MoreRedfin: Home purchase cancellations hit 8-year high
Nearly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract during the month, according to a Redfin analysis of MLS data. That marks the highest July cancellation rate since the company began tracking the metric in 2017 — and up from 14.5% a ye
Read MoreMilestone buys 206-unit apartment complex near Boynton Beach for $46M

The Milestone Group bought a 206-unit apartment complex near Boynton Beach for $46.4 million, marking an uptick in South Florida multifamily investment sales. Dallas-based Milestone bought the Casa Brera at Toscana Isles at 4725 Via Bari in unincorporated Palm Beach County from Ramsey, New Jersey-b
Read MoreDeveloper advances 173-unit condo project in Hallandale Beach

Developer Alejandro Chaberman advanced plans to build Blue Park, an eight-story condominium with 173 units in Hallandale Beach, one of several projects he has launched in the city. The Hallandale Beach City Commission voted unanimously Tuesday to approve a site plan for Blue Park and rezone, on seco
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A Palm Beach condo association reached a settlement with a resident nearly a year into litigation regarding an allegedly unsanctioned air conditioning project and $15 million in unaccounted special assessment funds. Court records show the Halcyon of Palm Beach Condominium Association settled the ca
Read More ADUs could remedy America’s housing crisis, but obstacles remain

Industry veteran Bill Dallas, chairman of Dallas Capital and former president of Finance of America, says accessory dwelling units (ADUs) still face major hurdles before they can become a reliable solution to what he calls the nation’s “largest social challenge:” affordable housing. “One of the chal
Read MoreeXp Realty embraces digital twin tech to transform workflows

For eXp Realty, artificial intelligence (AI) is not a side project — it’s a company-wide mandate. Following a session at HousingWire’s AI Summit where eXp chief technology officer Sumanth Kamath talked about how the company was utilizing digital twin technology, HousingWire sat down with eXp CEO Le
Read MoreWFG National Title added to Fannie Mae’s multifamily approval list

WFG National Title Insurance Co. has been added to Fannie Mae’s list of approved title insurers for multifamily transactions. The designation means lenders and borrowers using WFG for Fannie Mae–financed multifamily deals can avoid delays caused by policy exceptions or compliance issues. Fannie Mae
Read MoreBillionaire Russell Weiner expands Miami Beach luxury empire

Billionaire Russell Weiner is expanding his Miami Beach real estate portfolio with the $35.3 million purchase of a waterfront mansion on Star Island, The Real Deal has learned. Weiner closed on the purchase of the 1.1-acre property at 43 Star Island Drive on Thursday, according to sources. The late
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