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.
RentSpree partners with Hive MLS to expand access in Southeast

RentSpree has partnered with Hive MLS to integrate rental application and tenant screening tools directly into Hive’s multiple listing service platform. The new integration will be available at no cost to Hive MLS subscribers in Georgia, North Carolina and South Carolina. Hive MLS services more than
Read MoreCompass names new regional vice president for the Gulf Coast

Compass is welcoming a new regional vice president for its Louisiana and Mississippi region. David Favret is joining Compass in this role, according to an announcement on Wednesday. Favret most recently served as the managing broker at Rêve Realtors, but has previously served as a broker at Latter &
Read MoreNAR again seeks dismissal of discrimination and harassment suit

The National Association of Realtors (NAR) is once again seeking to dismiss allegations brought by former employee Roshani Sheth in her ongoing discrimination lawsuit against the organization.NAR filed another motion to dismiss the suit on Tuesday. This filing deals with Sheth’s second amended compl
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Central Asia’s largest developer, Kazakhstani firm BI Group, is partnering with Habitat Group on three mixed-use condo projects in Brickell and is looking for more development opportunities in Miami. BI Group is a roughly 50 percent partner in the planned short-term rental friendly condo developmen
Read More ‘I want one source’: Consolidation is picking up in the MLS space

The housing industry is currently rife with consolidation, but the same wave of mergers and acquisitions has not taken the multiple listing service (MLS) sector by storm. Over the past two decades, the number of MLSs across the country has greatly decreased. As recently as a decade ago, there were m
Read MoreZillow: US housing shortage hit 4.7 million in 2023
The U.S. faced a shortfall of 4.7 million homes in 2023 — the largest housing deficit on record — according to a new Zillow analysis of U.S. Census Bureau data.Persistent inventory shortages continue to drive the national housing affordability crisis, limiting access to homeownership and forcing mil
Read MoreGTCR purchases majority stake in Clear Capital

Private equity firm GTCR announced on Tuesday that it has made a significant investment in national real estate analytics and data solutions company Clear Capital.As part of the investment, GTCR is partnering with Clear Capital co-founder and CEO Duane Andrews. The transaction represents Clear Capit
Read MoreT2 Hospitality pays $37M for 163-key oceanfront hotel in Lauderdale-By-The-Sea

T2 Hospitality bought a 163-key oceanfront hotel in Lauderdale-By-The-Sea for $36.6 million. The Newport Beach, California-based firm purchased Plunge Beach Resort Hotel from an entity managed by Oleksandr Naumyk and Liubov Tereshko, according to records and real estate database Vizzda. T2 Hospital
Read MoreTop New York City broker makes the move to Corcoran

The Corcoran Group is welcoming one of New York City’s top small real estate teams to the firm. On Wednesday, the brokerage announced that The Kathy Murray Team is making the move to Corcoran.Murray was previously brokered with Douglas Elliman, where she spent the past two decades of her career. “Ka
Read MoreInvestor buys shopping plaza, self-storage in Pembroke Pines for $16M

Commercial real estate investor Andrew Perkins bought a shopping plaza and self-storage property in Pembroke Pines for $15.5 million. Perkins Realty Management purchased the 64,300-square-foot Sheridan Village Center at 16602-16660 Sheridan Street, according to the broker’s news release. The selli
Read MoreSummer slowdown: Palm Beach County weekly condo sales drop to $26M

It’s South Florida’s slow season amid the dog days of summer, and Palm Beach County’s condo sales and dollar volume dropped during the July Fourth holiday last week. Brokers closed 62 condo sales totaling $25.8 million from June 30 to July 6. That’s down from 90 condo sales totaling $33 million the
Read More39-year-old pays $460 in rent for a luxury condo in Chiang Mai, Thailand–take a look inside

Shao Chun Chen, 39, pays about $460 a month in rent for his luxury condo in Chiang Mai, Thailand — one-fifth of what he paid for his unit in Singapore.
Read MoreHere are the 15 busiest airports in the world

Hartsfield-Jackson Atlanta International Airport is, once again, the busiest airport in the world. But even it hasn't fully returned to 2019 levels.
Read MoreLawsuit claims Xactus, Equifax, others violated Fair Credit Reporting Act

A plaintiff in California is claiming that Xactus and Equifax did not conduct a “reasonable” investigation into claims of identity theft, which harmed her credit and violated the Fair Credit Reporting Act. The suit was filed in late May in the Superior Court of San Bernardino County, California, by
Read MoreSupreme Court ruling allows Trump’s federal workforce cuts to proceed

President Donald Trump has secured a big win in his effort to reduce the footprint of the federal government.The Supreme Court ruled Tuesday that the administration can proceed with plans to lay off thousands of federal workers and cut funding to various federal agencies, including the U.S. Departme
Read MoreAgents say Cape Coral’s housing market is correcting, not crashing

Headlines that call Cape Coral, Florida, the “worst housing market in America” and liken it to precursors of the 2008 financial crisis have garnered discussions across the real estate industry. But local experts and data suggest the reality is far more nuanced.While a recent article from The Wall St
Read MoreLabeled a “monster”: Ohad Fisherman speaks out after being cleared of sexual battery

Real estate broker Ohad Fisherman spoke publicly for the first time since prosecutors dropped a sexual battery case against him centered on an alleged attack that also involves twin brothers Oren and Alon Alexander. Fisherman and his attorneys held a celebratory press conference on Wednesday mornin
Read MoreTSA will let travelers keep their shoes on at airport security checkpoints

TSA briefed industry members about the change on Tuesday.
Read MoreHUD offers foreclosure relief to Texans saddled by floods

Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), announced on Tuesday a 90-day foreclosure moratorium for Federal Housing Administration (FHA)-insured single-family mortgages in the areas of Kerr County, Texas, that have been devastated by recent severe stor
Read MoreGrant Cardone, Penn-Florida team up for possible 101 Via Mizner condo conversion

Grant Cardone and Penn-Florida Companies are teaming up to possibly convert the distressed 101 Via Mizner multifamily project in Boca Raton into condos. At a Thursday hearing, U.S. Bankruptcy Judge Peter Russin will consider a motion by the Penn-Florida entity that owns the 14-story building with 36
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