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.
Why the Fed Refuses To Give Homebuyers a Road Map for Interest Rates

A top official at the Federal Reserve has suggested the central bank should scale back the guidance it issues about future interest rates, echoing new Fed Chair Kevin Warsh's preference for a more taciturn approach. Fed Gov. Chris Waller said he's skeptical of the Fed signaling its intentions on int
Read MoreRiverside, CA, Has a Shortage of Homes For Middle-Income Earners

The dream of finding an affordable home continues to be a significant challenge for many Americans, especially those in the middle-income bracket. While the housing market might appear robust on paper, a closer look reveals a critical mismatch between available homes and what prospective buyers can
Read MoreLuxury Buyers Have Time To Wait—Sellers Are Turning to Auctions

As the national luxury market settles from its COVID-19 pandemic peak, more sellers are turning to auctions—offering an opening for the buyers who spent the boom getting outbid, priced out, or shut out of private deals. Platinum Luxury Auctions, a Miami-based firm specializing in multimillion-dollar
Read More$95M funding, USLBM deal back Higharc AI push in homebuilding

Artificial intelligence has reached homebuilding’s proving ground. Not the proving ground for a demo or a pitch deck, nor the conference-stage jumbo-screen promise that technology will transform an industry whose complexity has humbled generations of would-be transformers. It’s the real sniff test.
Read MoreTyler Herro lists Pinecrest estate after trade to Milwaukee Bucks

Tyler Herro wasted little time after being traded to the Milwaukee Bucks, and listed his Pinecrest mansion for nearly $12 million the day his trade was finalized. Herro paid $10.5 million for the 9,500-square-foot house at 12900 Southwest 63rd Avenue in late 2022. The home has eight bedrooms, eight
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Los Angeles Rams star Matthew Stafford's wife, Kelly Stafford, has shed some light on the personal struggles she faced during the earliest years of their relationship—as she desperately tried to strike a balance between supporting his budding NFL career and pursuing her own life goals. Kelly, 36, me
Read More ONE Sotheby’s International Realty adds sales director

ONE Sotheby’s International Realty has appointed Shelley Figueroa as sales director in its development division, where she will oversee sales for Anantara Miami Resort & Residences. Figueroa brings more than 15 years of experience in luxury residential real estate development. According to the broke
Read MoreFive Star: The All-New 2027 BMW X5

The new 2027 BMW X5. Photo courtesy of BMW Are you ready for a hydrogen-powered BMW X5? No, it’s not some George Jetson, pie-in-the-sky concept. BMW is planning to put its ground-breaking new iX5 Hydrogen into production some time in 2028. That’s just two years away. It was one of five brand new X5
Read MoreTitleEase integrates with Contract2Close platform

TitleEase has launched a software integration with transaction management platform Contract2Close.com that allows real estate agents and mortgage loan officers to order title services from within the platform. The integration is designed to incorporate title ordering into the existing transaction ma
Read MoreNAR tells members to report Realtor brand misuse

As part of its three year strategic plan, the National Association of Realtors (NAR) promised members the trade group would work to “elevate” the Realtor brand. For the first half of the year, NAR’s vision for exactly what this effort would look like remained a bit unclear but at the association’s l
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"Real Housewives of Beverly Hills" star Kyle Richards is preparing for an exciting new chapter in her family's life after her eldest daughter, real estate agent Farrah Aldjufrie, announced that she is expecting her first child. The 37-year-old property mogul shared the news on social media on July 3
Read More $32M Surf Club Four Seasons condo under contract to flip for big profit

A prospective buyer signed a contract for a condo at the Four Seasons Residences at the Surf Club, asking $31.5 million. It’s one of nine luxury home contracts signed in Miami-Dade County between June 29 and July 5, according to the weekly report by Douglas Elliman’s Eklund-Gomes team. The previous
Read MoreDon’t Unpack Yet: The Critical 10-Minute Home Inspection Every Owner Needs To Do After Travel

Summer travel should leave you with lifelong memories—not costly issues waiting at home. Then again, a quick inspection as soon as you return home from your trip can help you identify major post-travel threats, including pest introductions and hidden maintenance problems. It will only take about 10
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Actor Richard Gere and his wife, Alejandra Gere, have shed some light on the family's trans-Atlantic lifestyle, revealing the gratitude they feel at being able to split their time between "two countries, two cultures," two years after they announced that they were relocating to her native Spain. Ger
Read More The Agency’s Zane Burnett: AI success starts with clean data, not hype

For Zane Burnett, technology isn’t about chasing the next shiny object — it’s about building a foundation first. As he oversees technology, digital strategy and innovation at The Agency, Burnett brings a career’s worth of perspective from leadership roles at proptech companies, luxury real estate br
Read MoreNRMLA urges HUD to loosen FHA property rules

The National Reverse Mortgage Lenders Association (NRMLA) is urging the U.S. Department of Housing and Urban Development (HUD) to overhaul several single-family property standards, arguing that current rules under the Federal Housing Administration (FHA)’s minimum property requirements are creating
Read MoreThe IDX debate: Is it time to do away with the Internet Data Exchange?

A question is starting to circulate among brokerage leaders and at industry tables: Is it time to do away with IDX? On the surface it sounds like a housekeeping matter, a debate about website feeds and display rules. It is not. The IDX question is one of the most important structural questions our i
Read MoreCoral Gables office buildings sell for $98M as noncore markets attract investors

A trio of investors dropped $97.8 million for The Ponce office complex in Coral Gables in one of the city’s largest sales so far this year. Intalex Capital, Itero Investments and Greenwall Capital acquired a 365,000-square-foot office portfolio with the 12-story Class A building 2525 Ponce de Leon
Read MoreNegroni restaurants seek bankruptcy with $330K-plus in rent claims

Negroni Bistro & Sushi Bar, the local restaurant chain founded by serial global restaurateur Pablo Sartori, filed for bankruptcy for its Brickell and Doral locations, facing over $330,000 in rent claims. Negroni Brickell LLC and Negroni Doral LLC each petitioned for Chapter 11 reorganization on July
Read MoreUWM likely better off after losing Two Harbors deal, KBW says

Analysts from Keefe, Bruyette & Woods (KBW) say that United Wholesale Mortgage (UWM) may be better off after losing its bid for Two Harbors Investment Corp. They argue that the failed acquisition removes leverage risk and increases the likelihood of a dividend cut that could strengthen the company’s
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