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.
Laguna Hills HOA Sues Family Over Fence Protecting Pet Goats From Coyote Attacks

A Southern California family is embroiled in a legal battle with their homeowners association after raising the height of their property fence to protect their pet goats from coyote attacks. Earlier this year, the Nellie Gail Ranch HOA filed a lawsuit in Orange County Superior Court attempting to f
Read MoreUWM broker ultimatum tied to 5 bps price drop at rivals

United Wholesale Mortgage (UWM)’s 2021 move to bar its broker partners from also sending loans to Rocket Mortgage drove an average price decrease of 5 basis points per loan at companies not targeted by the policy, according to a new academic paper. The analysis, conducted by Spencer Stone of the Uni
Read MoreZillow says conspiracy, MRED and Compass say Zillow did this to itself

After exchanging post-hearing briefs late last week in their ongoing antitrust dispute, Zillow, Midwest Real Estate Data (MRED) and Compass filed replies to each others’ briefs on Monday. In briefs filed last Thursday, Zillow alleged an “unlawful conspiracy” to cut off its access to Chicagoland lis
Read MoreChristy Soukhamneut on joining Stockton Mortgage as chief strategy and innovation officer

Stockton Mortgage recently announced that it has appointed Christy Soukhamneut as its new chief strategy and innovation officer. Soukhamneut brings more than 20 years of executive leadership experience across independent mortgage banks, banks and credit unions — including prior roles with University
Read MoreBank regulators issue guidance on credit risk for unauthorized workers

Federal banking regulators on Monday issued guidance to remind financial institutions of their existing obligations for managing credit risk when lending to borrowers who are not legally authorized to work in the U.S. The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance
Read MoreKevin Warsh Blames High Mortgage Rates on Hot Inflation as He Declares a ‘New Chapter’ for the Fed

Federal Reserve Chairman Kevin Warsh acknowledged elevated mortgage rates are holding back the housing market, as he delivered his first congressional testimony since taking office in May. "The economy is solid. Financial markets look like they're in very good condition. But when we look at housing
Read MoreCornerstone Capital Bank expands retail mortgage presence by adding Daryl Wizelman Team

Cornerstone Capital Bank and its mortgage lending division, Cornerstone Home Lending, have added veteran mortgage executive Daryl Wizelman and The Wizelman Team, expanding the lender’s retail mortgage operations. Wizelman joins Cornerstone after more than 35 years in mortgage banking and financial s
Read MoreGround leases taking root in affordable housing deals as costs rise

Ground leases are reshaping how affordable housing developers finance projects amid scarce capital and rising construction costs. Two recent deals show the trend taking hold in expensive, reform-minded markets. In Santa Cruz County, The Pacific Companies, an affordable housing developer in the West,
Read MoreNew York Just Banned Large Data Centers—5 Numbers Explain Why the Backlash Is Spreading Nationwide

Gov. Kathy Hochul will sign an executive order on Tuesday pausing hyperscale data center development in New York, making it the first state to enact such a ban. The order will bar the state from approving permits for projects that use 50 or more megawatts of power for one year while officials develo
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Disgraced music mogul Sean "Diddy" Combs has finally sold the Miami mansion he once put up as collateral in his failed bid for bail in his sex-trafficking case. It was sold for $55 million while he was behind bars. The 56-year-old's waterfront property became one of the most closely watched celebrit
Read More Kim Kardashian Gives Glimpse Inside Her Custom Idaho Retreat as Lewis Hamilton Joins Family Vacation

Reality TV star Kim Kardashian has offered fans a fresh glimpse inside her idyllic lakeside escape in Idaho, sharing a series of sun-soaked images from the custom-built retreat where the famous family has spent much of their summer. Kim, 45, and her sister, Khloe Kardashian, 42, took to Instagram to
Read MoreThe brokerage blueprint is changing. Keller Williams just proved it with the JMG acquisition

Keller Williams made waves on Monday when it announced its acquisition agreement with the Jason Mitchell Group (JMG). And while this is big news for the real estate brokerage franchisor, Steve Murray, the co-founder of RealTrends Consulting sees this as an even bigger deal for real estate companies
Read MoreDolphins out, superyachts in: David Martin’s marina plan at former Seaquarium getting underway

The site of the former Miami Seaquarium on Virginia Key is headed for a major redevelopment. Miami-Dade County and Terra Group’s David Martin want to trade dolphin shows for superyachts with an application to build what could be the largest marina in the county, the Miami Herald reported. The appl
Read MoreTaylor Morrison appoints Jeremy Hampson as Jacksonville division president

Taylor Morrison has appointed Jeremy Hampson as president of its Jacksonville division, adding a nearly 15-year homebuilding veteran as the division pursues strategic growth. Hampson joins Taylor Morrison from Freehold Capital Management, where he served as division president of Florida. He previous
Read MoreStop Mowing Your Lawn So Short: Why Landscapers Agree This Is the Best Length for Your Grass

If you’re a homeowner who cuts the grass short to “get more time between mows,” it may be time to change your strategy. According to lawn care pros, cutting your lawn too short or “scalping” can stress your turf, encourage weed growth, and even attract pests. So, what’s the secret to a healthy, lush
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A jaw-dropping 11-unit apartment building in San Francisco where married Mexican artists Frida Kahlo and Diego Rivera once resided has just hit the market for $8 million. Built into a cliff of bedrock and designed to look as if it were cascading down Telegraph Hill, the artistically significant stru
Read More 5 Tricks HVAC Pros Say Will Keep Your Garage Cool During Even the Hottest Heatwaves

The temperature of your garage matters—even if you spend much less time in there than in other rooms in your home. In fact, if it gets too hot, you may face some serious damage and safety risks. With the upcoming heat wave this week, HVAC pros warn that your garage could be one of the most vulnerab
Read MoreInside Matt Damon’s Oscar-Worthy Property Portfolio

Matt Damon is embracing a new chapter in life—and his carefully curated real estate portfolio reflects the family-first priorities that have guided him for years. Now, the Oscar-winning actor is adjusting to an emptier nest as two of his and wife Luciana Barroso’s four daughters head out into the wo
Read MoreUnited Airlines' new upsell: Keeping other travelers out of the middle seat

United Airlines will allow customers to pay more to keep the middle seat open on its Airbus A321XLRs
Read MoreSean “Diddy” Combs sells waterfront Star Island mansion for $55M

Disgraced hip hop mogul Sean “Diddy” Combs, who is serving his federal prison sentence, sold one of his waterfront Star Island mansions for $55 million Property records show Combs’ 1 West Star Island LLC sold the nearly 8,000-square-foot estate at 1 Star Island Drive to JFStar LLC, a Newport News-ba
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