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.
Southwest 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
Read MoreHoward Hanna disavows NAR’s Clear Cooperation Policy

Howard Hanna Real Estate Services and its parent company Hanna Holdings have made their feelings about the National Association of Realtors’ (NAR) Clear Cooperation Policy (CCP) clear. In a letter sent to NAR and over 70 MLSs on Wednesday evening, company CEO Hoby Hanna called CCP “misguided” and a
Read MoreBoeing, Justice Department reach deal to avoid prosecution over deadly 737 Max crashes

Boeing and DOJ reached an agreement that will allow the aircraft maker to avoid prosecution for fraud over the deadly 737 Max charges.
Read MoreRelated nabs $231M construction loan for Pininfarina condo project in Fort Lauderdale

Related Group secured a $230.8 million construction loan for Andare Residences, a Pininfarina-designed luxury condo project in Fort Lauderdale. Coconut Grove-based Related, led by Jorge Pérez and his sons, Jon Paul and Nick Pérez, recently broke ground on the 163-unit, 46-story tower planned for th
Read MorePrime delivery: EQT pays $55M for two Broward industrial facilities

EQT Real Estate picked up a pair of Broward industrial sites, including an Amazon distribution center, for a combined $55.3 million. In Deerfield Beach, Radnor, Pennsylvania-based EQT, led by Per Franzén, dropped $37.9 million for a 158,000-square-foot facility completed in 1985, records and real es
Read MoreWhy did we just see the highest new home sales print in years?
I know this is a crazy stat, given how much the builders’ confidence is falling, but new home sales just had the highest monthly sales print in years. Can this be revised lower in the future? Yes, just like the previous months have been. But there’s a bigger story here that I’ll address because this
Read MoreFEMA rescinds strategic agency plan ahead of hurricane season

Hurricane season is set to commence on June 1, but the Federal Emergency Management Agency (FEMA) — which has been experiencing organizational challenges for the past several weeks — has reportedly rescinded its guiding plan for agency objectives and priorities, according to multiple FEMA employees
Read MoreHUD names new CIO as judge pauses mass firings at the agency

Now a little more than four months into the second Trump administration, the U.S. Department of Housing and Urban Development (HUD) has appointed a new chief information officer (CIO), Eric Sidle, with experience in the electric vehicle space and with a former position at tech giant Apple, Inc. on h
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