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.
Bilt raises $250M to expand into mortgages, with backing from UWM

Bilt, which operates a loyalty program and credit card that converts rent payments into points, has secured a $250 million funding round led by General Catalyst and GID, with participation from United Wholesale Mortgage (UWM), the nation’s largest mortgage lender.The funding brings Bilt’s valuation
Read MoreCentury 21 expands in Utah, adding Edge Real Estate

Century 21 Real Estate has announced the affiliation of Edge Real Estate, a Kaysville, Utah-based brokerage founded by Tiffany Kennard.The move expands the footprint of the Century 21 brand along Utah’s Wasatch Range and marks the rebranding of the firm as Century 21 Edges.Founded two years ago, Edg
Read MoreDelta shares jump 11% after airline reinstates 2025 profit outlook as CEO says bookings stabilized

Delta cut its 2025 forecast after tariffs and hesitant consumers hit the brakes on trips this year.
Read MoreBusiness class+? Delta says segmentation is coming to high-end cabins

Delta is studying changes to its premium-cabin offerings, similar to what airlines have done in coach.
Read MoreRedKey Realty Leaders merges with RE Source, launches commercial division

RedKey Realty Leaders has announced a merger with RE Source LLC, a boutique commercial brokerage founded in 2001. The partnership, finalized on July 5, marks the official launch of RedKey’s commercial real estate division and adds a new office location in St. Louis.The merger brings seven commercial
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Two Roads Development was dealt a major blow in its legal battle over a condo buyout in Miami’s Edgewater, where the company plans an Edition Residences luxury condo project. The Third District Court of Appeal issued an opinion in response to Two Roads’ request for a rehearing, siding with the eigh
Read More Michael Campbell joins Title Resources Group as Michigan underwriting counsel

Title Resources Group (TRG) has named Michael Campbell as a vice president and underwriting counsel for Michigan.In this role, Campbell will support TRG’s title agents and escrow officers across Michigan and the broader Midwest.“Michael’s diverse title agency and underwriting background in high-volu
Read MoreWhy empathy is the leadership superpower real estate needs now

The qualities of great leadership are being redefined. Nowhere is this more evident than in high-stakes industries like real estate, where emotions can run high and relationships are paramount. While significant management experience or operational expertise are still important, it is the so-called
Read MoreTrade groups applaud Jonathan Gould’s confirmation to OCC

On Thursday, the U.S. Senate confirmed Jonathan Gould as head of the Office of the Comptroller of the Currency (OCC) in a 50-45 vote.The confirmation marks another Trump administration appointee who supports more lenient oversight of the banking sector and a more welcoming stance toward cryptocurren
Read MoreHousing market slowdown hits retirees long after they’ve sold

In 2020, Arlene Kohen, an 89-year-old widow, moved into Harborside, a luxury continuing-care retirement community in Long Island, New York. She paid a $945,000 entrance fee and $5,700 per month, with Harborside promising to refund 75% of the entrance fee upon death or departure.But after struggling
Read MoreLender wins Gateway at Wynwood bankruptcy auction with $90M bid

Gateway at Wynwood technically has a new owner, but a last-minute buyer offering to pay more could end up with the distressed Miami mixed-use building. A10 Capital, as special servicer for a commercial mortgage-backed securities loan allegedly in default, won the property at 2916 North Miami Avenue
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Midtown Capital Partners proposes a 348-unit Live Local Act tower in Miami’s Little River, amid a flurry of project applications under the state’s affordable housing law. The firm wants to build a 22-story tower with ground-floor retail and amenities on a 1.3-acre site at 7501 and 7553 Northeast Se
Read More Pompano Beach closing tops Broward weekly condo sales

Broward County’s condo sales and dollar volume held steady during the July Fourth holiday week. Brokers closed 66 condo sales totaling $21.3 million from June 30 to July 6. The previous week, brokers closed 65 condo sales totaling $21.2 million. Last week’s units sold for an average of $322,508, lo
Read MoreOffice market continues heating up as deals hit $40B

The U.S. office market posted its fourth consecutive quarterly decline in vacancy rates, signaling strong recovery momentum. Vacancy fell to 23.2 percent in the second quarter, dropping 15 basis points from the prior quarter, according to Avison Young’s quarterly office market report. Available spac
Read MoreThese European islands launched 30 road trips — but the destinations are kept secret

The Faroe Islands launched an unusual way for travelers to explore the archipelago — road trips where travelers aren't told where they're going.
Read MoreBrandi Lewis returns to Keller Williams in Atlanta

Brandi Lewis, a prominent Atlanta-based real estate agent, has rejoined Keller Williams as of July 1, affiliating with Keller Williams Realty West ATL.Lewis, who began her real estate career with Keller Williams, has been appointed as director of luxury at the brokerage. The firm includes more than
Read MoreTop Florida real estate team signs on with Compass

Compass has added The Korman Group — a high-performing real estate team led by Michael Korman — to its South Florida operations.The group will base its work out of Compass’s Boca Raton office, with operations extending into Miami, Fort Lauderdale, Palm Beach and Jupiter.Korman, who previously served
Read MoreAtlas VMS acquires appraisal order management platform

Miami-based Atlas VMS on Wednesday announced the acquisition of appraisal order management platform AIM-Port. Atlas called the move a “significant step” in developing technology-driven solutions to better serve U.S. mortgage lenders and appraisal management companies (AMCs).“The acquisition of this
Read MoreFortune, Blue Road land $73M construction loan for EB-5-backed North Miami Beach condos

Fortune International Group and Blue Road scored a $73.3 million construction loan for their planned Nexo Residences condos in North Miami Beach. Tel Aviv-based Bank Hapoalim provided the financing, which was arranged by a Berkadia team led by Scott Wadler and Michael Basinski, according to a press
Read MoreMichael Swerdlow on track with Miami-Dade to build $295M mixed-use project

Michael Swerdlow is lining up another public-private partnership with Miami-Dade County that would entail the development of a $295 million mixed-use project on 37.7 acres near Miami’s Liberty City neighborhood. On Tuesday, the Miami-Dade County Commission housing committee approved a resolution di
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