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.
Tech Pulse: AI Summit delves deep on housing industry impacts

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. Read on for a rundown of speakers who shared expert insight at this past week’s HousingWire AI Summit in Dallas. Talk ran
Read MoreMeta Development scores $28M loan to build Coconut Grove condos

Meta Development scored a $28M construction loan to build Opus, a planned 12-unit boutique condominium in Coconut Grove. Los Angeles-based Arixa Capital provided the financing to Miami-based Meta, a joint venture between Lucid Investment Group, also based in Miami, and Brazil’s Iron Capital, a press
Read MoreLeadingRE adds Rejig.ai to preferred vendor program

Leading Real Estate Companies of the World (LeadingRE) has added Rejig.ai to its Solutions Group, a collection of preferred business resources available to its global network of 550 real estate firms. Rejig.ai provides automated digital marketing tools for real estate agents, teams and brokerages. I
Read MoreRedfin: Multifamily housing permits fall from pandemic highs

Permits for new multifamily housing construction have declined from the pace set during the COVID-19 pandemic, according to a Redfin analysis of U.S. Census Bureau data. Developers secured an average of 12.8 permits for buildings with at least five units per 10,000 people from July 2024 through June
Read MoreHurricane season arrives amid homeowners insurance hikes

As Hurricane Erin becomes the first hurricane of the 2025 season, homeowners in many parts of the U.S. are already facing double-digit insurance rate hikes, and insurers in some areas continue to pull out altogether. In high-risk, catastrophe-prone regions, homeowners’ premiums are projected to rise
Read MoreWarren Buffett’s Berkshire Hathaway invests nearly $800M in homebuilding giant Lennar

Warren Buffett’s Berkshire Hathaway made a major investment in Miami-based homebuilding giant Lennar, purchasing over 7 million shares for nearly $800 million in the first half of this year. Berkshire Hathaway bought 5.3 million shares of Lennar for $575 million in the second quarter, Berkshire rev
Read MoreLenders urged to build AI compliance foundations sooner rather than later

Mortgage lenders deploying artificial intelligence should prepare now for Colorado’s comprehensive AI law that will take effect in February 2026 and rethink how they manage compliance risk. That’s according to Mike Brown, chief product officer at Xactus, and Wendy Lee, managing partner at LOGS Legal
Read MoreLore plans 402 apartments at former JWU campus in North Miami

Lore Development Group plans a 402-unit apartment project on a portion of the closed Johnson & Wales University campus in North Miami, The Real Deal has learned. Lore, a joint venture between Leste Group and Brazilian firm Opportunity Fundo de Investimento Imobiliário, wants to develop the Biscayne
Read MoreBetter CFO Kevin Ryan adds Houlihan Lokey role amid executive shake-up

Several senior executives in Better’s control and finance teams, including chief financial officer Kevin Ryan, have taken additional jobs or left the company as it navigates financial pressures, according to public announcements and updates to social media profiles. In July, Ryan also joined invest
Read MoreTodd Glaser, partner seek $169M flip of waterfront Miami Beach estate

Spec home developer Todd Michael Glaser and the Posner Group are looking to flip for $169 million the waterfront Miami Beach estate they bought for $105 million in July — equating to a 60 percent markup. They also listed the property for rent, asking $495,000 a month. Developer Sonny Kahn, a foundi
Read MoreTidalWave’s Diane Yu on AI’s impact to mortgage jobs

The promise that artificial intelligence brings to the mortgage ecosystem through faster processes and reduced expenses is also accompanied by the potential threat it poses to human roles. While the next two years could see an acceleration of AI-related job losses, Diane Yu urges mortgage profession
Read MoreSummer travel isn't as easy as it used to be for airlines

Airlines are seeing an earlier drop-off in summer travel as children return to school earlier.
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Russell Weiner, the billionaire founder of Rockstar Energy Drink, is alleging the project manager and general contractor of his $100 million-plus estate in Miami Beach completed defective work that lacked the proper approvals and permits. Weiner’s Pine Tree Development filed a new lawsuit this summ
Read More Emerald, Infinite Care purchase North Miami, Tamarac senior rehab centers for $29M

Emerald Group and Infinite Care bought a pair of senior rehabilitation centers in South Florida for a combined $29 million. In the bigger deal, an entity led by Lakewood, New Jersey-based investor Yisroel Herzka and tied to Emerald and New York-based Infinite Care paid $18.9 million for the 120-bed
Read MoreThe Breakers plans workforce housing in West Palm Beach

The Breakers is planning an eight-story, 155-unit apartment complex in West Palm Beach to house its workers. The iconic Palm Beach hotel has seen the writing on the wall about the lack of affordability in Palm Beach County, the Palm Beach Post reported. City officials are calling it the first employ
Read MoreA program that saves time in U.S. airport security lines opens to some international travelers

Travelers from the United Kingdom, Canada, Australia and New Zealand can apply for Clear+ memberships that verify passenger identities using biometrics.
Read MoreFuture unveils Alpha, an in-house AI mortgage system

A small fish in the pond of fintech-focused mortgage companies is trying to race to the front in the artificial intelligence arms race. And it’s not using a typical ChatGPT-style program either. Future Technologies CEO Blake Bianchi announced on Thursday that the company is launching a full-stack, p
Read MoreNEXA Mortgage hires Eric Mitchell to help boost LO count

In its quest to bring its loan officer count up to 5,000, NEXA Mortgage announced Thursday that it has brought on Eric Mitchell to assist with its goal. Mitchell will serve as a “key hire” recruiting partner for NEXA, newly appointed chief operating officer Jason duPont said in an interview with Hou
Read MoreMosaik expands reach with three real estate partnerships

Mosaik — a real estate client experience platform — has launched three new collaborations aimed at bringing its technology to a wider network of agents, brokerages and associations. The company has joined the Solutions Group preferred vendor program of Leading Real Estate Companies of the World (Lea
Read MoreTransUnion: Mortgage, home equity lending grow despite high rates

Mortgage originations and home equity lending both increased in the second quarter despite elevated interest rates and home prices, according to TransUnion’s Q2 2025 Credit Industry Insights Report. Originations rose 5.1% year over year, driven largely by a rebound in refinancing. Rate-and-term refi
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