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.
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International tourists are rethinking the U.S. as a travel destination amid tensions tied to trade and border policy.
Read More Woodfield, Flagler Realty score $81M construction loan for 358-unit apartment project in West Palm

Woodfield Development and Flagler Realty & Development scored an $80.6 million construction loan for a 358-unit mixed-use multifamily project in West Palm Beach. The developers plan the eight-story apartment building with 19,000 square feet of retail space on a 6.5-acre vacant site at 8111 South Di
Read More$15M Four Seasons Brickell PH tops Miami-Dade weekly condo sales

A $14.8 million Brickell penthouse topped condo closings in Miami-Dade County last week. Brokers closed 86 condo sales totaling $88.1 million from May 17 to May 25. The previous week, brokers closed 127 condo sales totaling $123.7 million. Last week’s units sold for an average of $1,023,844, highe
Read MoreA couple who worked in the Maldives and Bali share how living in paradise differs from visiting it

Marc LeBlanc and Laura Robinson have worked in places that most people dream of visiting. But living in a location is different from visiting it, they said.
Read MoreChina unseats Colombia as top foreign country searching for Miami homes

China became the top country searching for South Florida homes last month, pushing Colombia to the No. 2 slot. Potential buyers from China registered the most searches on Miami Association of Realtors’ public listings portal in April, according to the Miami Realtors. Colombia has held one of the to
Read More13th Floor, Barings nab $125M construction loan for Miami apartment project

13th Floor Investments and Barings secured $125 million in financing for a Miami multifamily project that’s under construction. A syndicate of Santander Bank and TD Bank provided the loan for Cadence, a planned 35-story tower with 432 mixed-income apartments at 3100 Douglas Road. It’s part of Link a
Read MoreMovers & Shakers: Cushman retail veterans jump to Newmark

In the latest roundup of South Florida real estate hiring news, Newmark bulked up its retail leasing leadership. In Miami, two retail leasing veterans jumped from Cushman & Wakefield to Newmark, according to a press release. Greg Masin and Frank Begrowicz joined Newmark as executive managing direct
Read MoreSouthwest Airlines will start charging $35 for a checked bag tomorrow

Southwest on May 28 will start selling basic economy tickets and charging for checked bags for the first time in its history.
Read MoreFHFA Director Pulte calls on Powell to lower interest rates
On Monday, FHFA Director Bill Pulte called on Federal Reserve Chairman Jerome Powell to lower interest rates. His exact tweet was: “Jay Powell needs to lower interest rates – enough is enough. President Trump has crushed Biden’s inflation, and there is no reason not to lower rates. The housing marke
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Southwest on May 28 will start selling basic economy tickets and charging for checked bags for the first time in its history.
Read More Building an empire starts with your POS

Millennial homebuyers (born between 1981 and 1996) are reshaping the real estate landscape with their strong preference for digital tools and technology-driven experiences. As the largest cohort of homebuyers in the U.S., their tech-first approach influences how properties are marketed, searched and
Read MoreHere's how many fake reviews Tripadvisor found on its website in 2024

Around 8% of the 31.1 million reviews submitted to Tripadvisor in 2024 were fake. That's twice the number detected in 2022, according to a company report.
Read MoreMortgage rates survive budget bond scare, but end the week higher
Last week, we witnessed a pivotal moment for mortgage rates and the bond market, which some pundits have said has grown increasingly aware of our rising national debt and deficits. A bond auction last week was perceived as having soft demand, prompting media outlets and market speakers to suggest th
Read MoreThe Weekly Dirt: Why Miami condo developers are again courting crypto buyers

Miami developers are dipping their toes back into the crypto buyer pool, nearly three years after the collapse of the cryptocurrency exchange FTX. Bitcoin buyers never disappeared, but developers have certainly shied away from them. PMG, which previously allowed buyers to convert their digital cur
Read MoreBessent weighs mortgage rate risk in potential release of GSEs from conservatorship
Releasing the GSEs from conservatorship became a hot topic again this week after President Trump posted that he was giving it “serious consideration” on Wednesday, followed by a Bloomberg interview with Treasury Secretary Scott Bessent on Friday.The timing of the president’s announcement took many b
Read MoreUnited Airlines reaches 'industry-leading' labor deal with flight attendants, union says

United has reached a tentative agreement with flight attendants for a new contract.
Read MoreGoodLife Home Loans launches retail reverse mortgage division, says it is actively hiring

An existing reverse mortgage-backed securities issuer and wholesale lender is making a new play for the retail space, according to a new announcement.GoodLife Home Loans, dba of Bellevue, Wash.-based Traditional Mortgage Acceptance Corporation (TMAC), announced this week that it has launched a new r
Read MoreThis Georgia homeowner went to war with her HOA—and won

A Rockdale County, Ga., judge has approved a $40,000 settlement between the Channing Cove Homeowners Association (HOA) and Michelle Bernard — a longtime homeowner who sued the HOA over a disputed lien on her property.Bernard’s legal battle began after the HOA placed a lien on her home for a little u
Read MoreHUD publishes new reverse mortgage counseling guidance

Counseling is an essential part of the Home Equity Conversion Mortgage (HECM) origination process, and the U.S. Department of Housing and Urban Development (HUD) has recently refreshed some of its guidance documents for HECM counselors to offer essential information.HUD this month published a “toolk
Read MoreCentury 21 expands Colorado footprint

A long-standing central Colorado real estate firm has joined the Century 21 network, bringing more than five decades of local knowledge. First Colorado Land Office, Inc. — established in 1973 and now led by fifth-generation Salida, Colo., native Jeffrey Post — is now doing business as Century 21 Com
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