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.
RiskSpan releases credit risk model built for non-QM loans

RiskSpan has launched a new credit risk model designed for the expanding nonqualified mortgage (non-QM) market, adding to its existing prepayment modeling tools as investors seek more specialized analytics for the asset class. The company announced Friday the general availability of Credit Model 7.1
Read MoreMortgage Calculator: Here’s How Much You Need To Buy a $430K Home at a 6.55% Rate

Rates surged this week to levels not seen in 11 months as the conflict between the U.S. and Iran continued ratcheting up with no resolution in sight, putting renewed upward pressure on energy prices and bond yields. The average rate on 30-year fixed home loans jumped to 6.55% for the week ending Jul
Read MoreFlorida’s largest Live Local Act project is bold. Its ambitious developer is controversial

Pablo Castro came into South Florida real estate with a bang. Over the past two years, the Spanish developer, who has never built in the U.S. and until recently had zero name recognition here, proposed Florida’s largest known multifamily complex, bought the site, secured approval and stirred controv
Read MoreMultifamily Construction Surges 76% in June as Single-Family Homes Trail Behind

Construction of new single-family homes across the U.S. stalled in June as builders continued pulling back due to high mortgage rates, but the multifamily sector roared back to life, the U.S. Census Bureau reported Friday. Single-family housing starts last month were at a seasonally adjusted annual
Read MoreBillionaire Ken Griffin eyes city-owned Brickell property in $3M deal

Billionaire Citadel founder and CEO Ken Griffin could scoop up one of Brickell’s oldest buildings, which sits across from the hedge fund’s future headquarters and is the only missing piece of his full city block. Miami city commissioners next week will consider selling a city-owned white wood-frame
Read MoreMake Memories at Walt Disney World This Summer

The Four Seasons Resort Orlando offers free shuttle service to Disney theme parks (including Magic Kingdom). Courtesy of Four Seasons Orlando Walt Disney World was a cornerstone of my childhood. My family became annual passholders during the twenty-fifth anniversary celebration and visited regularly
Read MoreSouth Florida’s top deals: Waterfront Key Biscayne home sells for $18M

🏆 Residential: The top home sale to hit records was in Key Biscayne, where a waterfront property at 230 Harbor Drive changed hands for $17.5 million. The seller was Philippe Touret, chairman of the board of Nozin, which makes a nasal antiseptic, and the buyers were Jose Estrella and Jacqueline Vila
Read MoreAffordability Is Improving in a Surprising Twist—Even as Home Prices Hit Record Highs

Median home sale prices surged to a new record high in June, yet housing affordability actually improved compared to a year ago, creating what at first might seem like a paradox. To explain this contradiction, economists point beyond the raw price to a set of shifting economic factors affecting the
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A historical Cape Cod estate in the idyllic Massachusetts enclave of Sandwich Village has been brought to market for the first time in more than 40 years, having been meticulously restored and expanded by its late antique dealer owner. Now on the market for $2.95 million, the five-bedroom estate kno
Read More Stanley Martin buying Holiday Builders highlights hyper-scale shift

Homebuilding scale is arriving at the midway point through a structural inflection. The latest evidence arrived Thursday, as Stanley Martin Homes announced it had entered an agreement to acquire Florida-based Holiday Builders, a transaction that will add approximately 1,050 annual home closings, mor
Read MoreFaena Residences developers presell $30M penthouse for record price along Miami River

Shahab Karmely and Edgardo Defortuna’s joint venture presold a penthouse at their Faena-branded luxury condo development along the Miami River for $30 million, a record for the area on price as well as price per square foot. Karmely’s KAR Properties has long planned to develop the waterfront site i
Read More“Animal House”: Brickell condo owners outraged by short-term rental goons

The Club at Brickell Bay used to be a quiet residential condominium in Miami’s financial district. But it’s taken on a new identity as the “Animal House” after many of its condos were converted to vacation rentals. Police reports describe a slew of illicit activities, including drunk guests passed o
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Former Los Angeles Dodgers owner Frank McCourt has listed the opulent New York City apartment he bought the same year he sold his stake in the legendary sports team—offering up the "distinguished" abode for $2.5 million less than what he purchased it for 14 years ago. The four-bedroom, 3.5-bathroom
Read More 5 Years After the Passive Income Craze, Rental Properties Have Proved To Be Anything But

In 2021, William and Josh Lemmon started buying single-family homes in Akron, OH, for as little as $60,000 and renting them out for as much as $1,000 per month. “The rents [we could charge compared] to the cost of buying it were insane,” William tells Realtor.com®. “So we jumped in on it.” It was th
Read MoreGreystone’s new $137M fund lands as LIHTC investment rises

Eight months ago, Greystone Real Estate Capital was just getting started raising money for affordable housing projects. It has now closed its second fund in less than a year, drawing three existing institutional investors and five new ones. Greystone’s latest fund brought in $137 million, pushing th
Read MoreNFL’s Larry Ogunjobi turns investor with $16M spec home in Biscayne Point

Olumide Larry Ogunjobi is used to making big moves on the field in the NFL, but his latest play was in Miami’s luxury real estate market. The former Buffalo Bills defensive tackle marked his debut into luxury spec home development with the listing of his first project, in Miami Beach’s gated Biscay
Read MoreNFL’s Larry Ogunjobi turns developer with $16M spec home in Biscayne Point

Olumide Larry Ogunjobi is used to making big moves on the field in the NFL, but his latest play was in Miami’s luxury real estate market. The former Buffalo Bills defensive tackle marked his debut into luxury spec home development with the listing of his first project, in Miami Beach’s gated Biscay
Read MoreloanDepot asks judge to toss West Capital Lending complaint

loanDepot has asked a federal judge to dismiss a lawsuit accusing the lender of violating federal loan originator compensation rules, arguing that mortgage brokerage West Capital Lending (WCL) lacks standing to sue and is improperly trying to use consumer protection laws to pursue a competitive busi
Read MoreAwaiting the CFPB’s next act ahead of Vought’s departure

Nearly 15 years after opening its doors in the wake of the financial crisis, the Consumer Financial Protection Bureau (CFPB) is operating in a markedly different form than it did just a year ago. Since the Trump administration took over at the start of 2025, the agency’s operations have been in limb
Read MoreCody Pearce returns to YES Communities as president

Cody Pearce has returned to YES Communities, one of the nation’s largest manufactured housing community operators, as president, effective July 13, 2026, the company announced. Pearce will oversee day-to-day operations at one of the nation’s largest owners and operators of manufactured housing commu
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