Southwest Florida Real Estate News and Market Insight

Arizona real estate leader Scott Kumler and his team — The Kumler Group — have joined eXp Realty, leaving My Home Group after a high-performing 2024. The 53-member Phoenix Valley team closed more than $80 million in sales across 192 transactions last year, ranking among the top five teams at their f

Guaranteed Rate Affinity (GRA) announced this week that it has appointed longtime reverse mortgage industry professional Dino Guadagnino to serve as regional vice president of reverse mortgages. His arrival comes as GRA focuses on “strengthening its commitment” to the space and to “the senior borrow

Kansas City Chiefs tight end Travis Kelce is renting a mansion in Boca Raton’s most expensive neighborhood for off-season training. Kelce was seen moving into the home in Royal Palm Yacht & Country Club, the Daily Mail first reported. The community is a 15-minute drive to Johnny O’s Gym, the Boca Ra

As issues continue to persist across the country for local housing authorities, the situation in Houston has led to an investigation by prominent local media outlets and a commissioned report by outside legal counsel. The probe found that mismanagement of contractors and the submission of fraudulent

Longtime Boston Scientific Chairman and CEO Michael Mahoney dropped $17.3 million on a waterfront house in North Palm Beach’s gated Lost Tree Village community. Records show Mahoney’s Blue Sky Trust bought the house at 11279 Old Harbour Road from Edith Dixon Miller. The deed identifies Mahoney as th

Fortec is looking to raise a $100 million fund to partially finance development of $300 million worth of new early education centers across the nation. The Miami-based schools developer, led by Chairman Pablo Barreiro and CEO Martin Saldon, plans to develop up to 60 early education centers, each one

In an ongoing series of stories focused on the dynamics of Colorado’s aging population, the Colorado Sun previously detailed some of the ways that the state is confronting the “silver tsunami” of people growing older while needing sufficient services to accommodate their needs.While the state may no

The rising cost of homeowners’ insurance coupled with the rising regularity of weather-related natural disasters is serving to erode the longstanding barrier between mortgage lenders and loan losses, according to a new report published by First Street. As the frequency of disasters has risen — desta

Rural areas of the U.S. that have long been viewed as a refuge for affordable homeownership are now grappling with rising prices, limited inventory and increasing competition — pressures once thought unique to urban housing markets.“Even the term ‘affordable’ feels like a relic of the past,” said Ja

Scrap metal mogul Adam Weitsman sold his oceanfront penthouse in Sunny Isles Beach for $28.6 million, roughly $10 million off the original asking price.  Weitsman sold unit 5603 at Jade Signature, at 16901 Collins Avenue, to a land trust that obscures the true owner of the property, records show. We

John Davis, a prolific film producer in Hollywood, dropped $16.2 million on a Fisher Island condo.  Records show Davis and his wife, Jordan Davis, bought unit 7012 at 7012 Fisher Island Drive from hedge fund manager Hal Mintz and his wife, Allison Mintz.  Dora Puig with Luxe Living Realty had the li

Portman Holdings proposes a 397-unit apartment project in Pompano Beach that would replace an existing office building.  The application comes as developers increasingly are replacing aging office buildings with new projects.  Atlanta-based Portman wants to build the apartments on a 3.2-acre site at

Palm Beach County’s condo sales and dollar volume surged last week, fueled by closings at Alina Residences in Boca Raton. Brokers closed 127 condo sales totaling $102.9 million from May 11 to May 18. The previous week, brokers closed 97 condo sales totaling $69.6 million. Last week’s units sold for

Rainy Hake Austin, president of The Agency, joined Tracey Velt on this week’s episode of the RealTrending podcast to discuss the evolving landscape of real estate leadership and operations.The Agency, which is ranked No. 13 by sales volume and is the fourth-largest largest privately held independent

An entity linked to the hedge fund Alden Global Capital sold a waterfront spec house on Miami Beach’s North Bay Road for $29.5 million. 4774 North Bay LLC, a Florida entity managed by Thomas Del Bosco, sold the house at 4774 North Bay Road after just five months on the market. The deed has yet […]Th

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs.The late

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals.“How many of you have a mortgage first lien, 30-year with a 4% coupon or lower?” A majority raised their hands.“You are al

Jose Canero’s Canero Group paid $17.3 million to acquire all the units in a Coconut Grove condo building.  Property records show Canero affiliate WNG Miami acquired Chateau Grove, a 25-unit development at 3265 Virginia Street in Miami. The two-story building, built in 1963 on a 0.9-acre lot, is zone

As Congress continues its effort to rewrite major portions of the tax code, the National Association of Realtors (NAR) unveiled new polling showing just what the American people are looking for in the legislation. The national survey shows overwhelming bipartisan support for tax provisions that stre

As part of broader housing initiatives, Republicans in both the Trump administration and in Congress are pursuing the sale of large swaths of federal land to potentially develop housing. But the Republican front is not completely united.Earlier this month, lawmakers in the House of Representatives’