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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Billionaire hedge funder Ken Griffin closed on his purchase of Mana Wynwood for $1.1 billion, an all-cash deal that has been in the works for roughly three years. Investor and developer Moishe Mana sold the property, Mana confirmed to The Real Deal in a sit-down interview. Griffin and Carnegie Mel
Read More Sellers Slash Prices at Historic Pace To Lure Buyers Sidelined by Mortgage Rates

Surging mortgage rates chilled the housing market in September, forcing sellers to slash prices at historic levels to revive slipping demand. Nationally, the share of listings with price cuts reached 20.8%, up 0.9 percentage points year over year, exceeding 2025 levels for the first time in 2026, a
Read MoreThe promise and risk of AI in mortgage lending and secondary markets

SitusAMC’s Julia Curran explains why mortgage AI requires rigorous testing, subject-matter expertise and human oversight to deliver efficiency without introducing new risk
Read MoreThe ROAD to Housing Act: The latest milestone in the history of American public housing

With 860,000 public housing units remaining, Congress locks in RAD authorization and extends its reach as investment totals $28.4 billion
Read MoreYou may not just have one credit score

Fannie Mae and Freddie Mac now allow VantageScore 4.0 as an alternative to Classic FICO for eligible loans
Read MoreJudge denies Zillow’s motion to dismiss antitrust lawsuit

Court cites 35%-40% referral fees and claims of 60% audience share in denying Zillow’s motion to dismiss
Read MoreNicola Siervo, Roman Jones pay premium rent for planned Italian restaurant on Miami River

Hospitality veteran Nicola Siervo and House Kiki’s Roman Jones are taking 7,900 square feet on the Miami River for the pair’s restaurant joint venture Mercante Ristorante & Piano Bar. The Italian concept is slated to open for brunch, lunch and dinner later this year at 404 Northwest North River Driv
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Jennifer Lopez is adjusting to a very different home life as her 18-year-old twins, Max and Emme, prepare to embark on their next chapter. The 57-year-old singer and actress—who is attempting to sell her and ex-husband Ben Affleck's $50 million marital mansion—opened up about the emotional reality o
Read More L.A.’s Infamous ‘Squatter Mansion’ Hits the Market for $4.4 Million After a New Coat of Paint

A vacant, graffiti-covered mansion in the Hollywood Hills, once overrun with squatters, has a new face-lift and is back on the market. For years, the six-bedroom, 12-bath mansion at 1754 Sunset Plaza sat empty after its owner, John Powers Middleton, appeared to abandon the property, creating a major
Read MoreH&M Development swoops in with condo plans after assisted living plan shelved in Weston

H&M Development scored approval for a condo complex in Weston after the landowner’s previous plan for an assisted living facility on the site was shelved. Aventura-based H&M has the development site at 357 Racquet Club Road under contract, planning 132 units across four stories. Prices are expected
Read More‘Catch Me If You Can’ Con Artist Frank Abagnale Warns AI Is Making Financial Fraud Easier Than Ever

Frank Abagnale believes that artificial intelligence is making it faster and simpler to commit financial fraud than ever before. Abagnale, whose exploits were featured in the Steven Spielberg film "Catch Me If You Can," has since spent 50 years helping the FBI spot fraud. He freezes his credit, does
Read MoreInside Russell Galbut’s play for Miami-Dade’s historic courthouse

Russell Galbut and Moishe Mana are vying for the site of Miami-Dade County’s historic courthouse after a months-long auction failed to attract a buyer. Galbut offered to pay the county’s $35 million asking price as part of his redevelopment proposal. He wants to build a 70-story apartment tower near
Read MoreNYC Must Scrap 17,000 Pied-à-Terre Tax Notices in Court-Ordered Do-Over

New York City must scrap roughly 17,000 notices sent to homeowners under its new pied-à-terre tax after a judge ruled officials improperly made New Yorkers prove they didn’t owe the surcharge before determining who actually did. “All previously Mailed Notices are to be cancelled,” Richmond County Su
Read MoreThe ‘choice market’ arrives as sellers face growing price pressure

Austin, Houston buyers gain choices as sellers cut prices
Read MoreRelated Ross sale/leaseback deal puts $290M convention center hotel in hands of Palm Beach County

Billionaire Steve Ross’ firm secured approval for a sale-leaseback with Palm Beach County to develop a second convention center hotel. The county is set to purchase the 1.8-acre Related Ross-owned parking lot and the future hotel to be built on it at 900 South Rosemary Avenue for $26 million. Relate
Read MoreNew homes still cost less than resales in many U.S. markets

Zillow reports that new homes in July sold at $205 per square foot, compared with $212 for existing homes
Read MoreSignature Homes thinks 100-day builds can win in a smaller market

Builder expects 530 closings and $430 million revenue in 2026, with 304 net orders in the first half
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“Southern Charm” cast member Craig Conover almost expanded his real estate portfolio with the money he received from selling the engagement ring he purchased for “Summer House” alum Paige DeSorbo. The Bravo couple called it quits in November 2024 after about three years together, but on the Sept. 16
Read More FHFA says Fannie, Freddie will use one LLPA grid for FICO and VantageScore

Change follows lender feedback after VantageScore 4.0 was approved for eligible conventional loans earlier this month
Read MoreAlaska Airlines unveils massive premium cabin overhaul in high-end travel race

Alaska Airlines is overhauling its Alaska and Hawaiian cabins to include brand-new top-tier suites, a premium economy class and other features.
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