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.
This is bananas: Benjamin Cos sprouts agriculture on $33M Fort Lauderdale development site

Rows of banana tree saplings are sprouting from a vacant lot in downtown Fort Lauderdale where a massive multifamily development was once planned. Dozens of trees were planted at 707 Southeast Third Avenue in the last several months, turning the development site owned by New York-based Benjamin Com
Read MoreDog Reunites With Firefighters Who Rescued Him From House Fire

A dog rescued from a Pasadena, CA, house fire was reunited this week with the firefighters who saved him from the burning home. Milo, a 6-year-old Shetland sheepdog, was home alone at his family's Michillinda Avenue property on Sept. 9 when neighbors called 911 to report smoke coming from the home.
Read MoreHousing Market Spotlight: The housing market signal to watch as rates top 7%

New listings and pending sales can offer an early look at whether buyer demand is losing ground
Read MoreWhat real estate professionals should know about the Fed rate hike

Housing professionals said the psychological effect on homebuyers and sellers is immediate
Read MoreHouse To Vote on Bill Protecting Homeowners From AI Data Center Power Costs

Lawmakers are poised to vote on a bill that would shield homeowners from higher utility costs brought by large data centers, marking the latest congressional move on the fraught subject of data center and artificial intelligence regulation. The House is set to vote on the Ratepayer Protection Act on
Read MoreHouse Passes Bill Protecting Homeowners From AI Data Center Power Costs

The U.S. House has passed a bill that would shield homeowners from higher utility costs brought by large data centers, marking the latest congressional move on the fraught subject of data center and artificial intelligence regulation. The House voted 417-3 to pass the Ratepayer Protection Act with o
Read MoreNaples Winter Wine Festival Unveils Sommeliers for its 27th Annual Event

Naples Winter Wine Festival Unveils Esteemed Lineup of Featured Sommeliers for its 27th Annual Event The Naples Winter Wine Festival (NWWF) today unveiled its lineup of Featured Sommeliers headlining the 2027 Festival on January 29-31, 2027. With the theme “Hope Sings: A Brighter Tomorrow Takes the
Read MoreWhy more builder discounts are not unlocking new-home demand

In September, two out of three homebuilders used incentives and 38% cut prices by 6% on average
Read MoreBoeing CEO: 737 Max production taking 'a little bit longer' to stabilize than expected

Boeing CEO Kelly Ortberg said wing production at its Renton, Washington, factory is a hold up, adding the company has plans to address it.
Read More13th Floor greenlit for 30-story multifamily development in Flagler Village

13th Floor Investments got a green light for Flagler Village Residences, a 30-story multifamily development just north of downtown Fort Lauderdale. The Fort Lauderdale City Commission voted Tuesday night to approve a site plan for the 350-unit development at 500 Northeast 3rd Avenue in Fort Lauderda
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Olympic gymnast Simone Biles has revealed that she plans to relocate to Indianapolis to support her NFL star husband, Jonathan Owens—just months after the couple finally moved into their custom-built Texas dream home. Biles, 29, opened up about the couple's latest move while speaking to People after
Read More Midtown wins approval for upsized multifamily project in Fort Lauderdale

Midtown Capital Partners advanced Astor Progresso Village, a 249-unit multifamily development in Fort Lauderdale, after shelving an earlier version of the project with fewer units. The Fort Lauderdale City Commission voted Tuesday night to approve Midtown’s site plan for the 11-story development. Th
Read MoreAmerican Airlines says 30% of seats drive half of revenue as premium cabin rush heats up

American says a minority of its seats now accounts for half of its revenue.
Read MoreFed Hikes Interest Rates for First Time in 3 Years—Unanimous Decision Comes in Defiance of Trump

Federal Reserve policymakers have raised the benchmark interest rate for the first time in three years in response to pernicious inflation, defying President Donald Trump's insistent calls for lower borrowing costs. Fed Chairman Kevin Warsh joined the 12-0 majority on the Federal Open Market Committ
Read MoreFed hikes rates, with analysts seeing more tightening ahead

Fed raises benchmark rate to 3.75% to 4% range in response to high inflation and solid employment
Read MoreStudent loan match program could add up to $20B annually to retirement accounts

EBRI findings highlight an opportunity for employers and plan sponsors to use student loan matching to close retirement savings gaps
Read MoreMainstay acquires Truelist, raises $18M in financing

Mainstay became an independent company after being carved out of Opendoor in 2024
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Taylor Swift and Travis Kelce are going to extreme lengths to protect their privacy at their new $5.35 million Ohio home—installing a high-tech security system that reportedly issues verbal warnings to anyone who ventures too close. The Kansas City Chiefs tight end, 36, snapped up the palatial eight
Read More Florida laws clear path for 38-story tower on site of South Beach’s historic Savoy Hotel

A slice of historic Art Deco architecture in Miami Beach’s South of Fifth neighborhood is slated for replacement with a 38-story residential tower under a pair of controversial state laws. Allied Partners wants to develop the project with a hotel, 90 condo units and 60 workforce rental apartments o
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For years, Ron Popeil asked television viewers, "Now, how much would you pay?" For the late infomercial pioneer's longtime Beverly Hills home, the answer happens to be $25 million. Known as the Popeil Estate, the gated property at 1672 Waynecrest Drive is available for the first time in a generation
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