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.
Trump Abruptly Cancels Major Housing Bill Signing Ceremony

President Donald Trump announced Wednesday that he would not sign the major bipartisan housing bill that Congress passed this week after months of negotiations. Less than two hours before the planned signing ceremony for the 21st Century Road to Housing Act, Trump abruptly called it off, saying he w
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Comedian Pete Davidson has once again trimmed the asking price of his upstate New York home—this time by $255,000—as he makes a desperate bid to offload the dwelling so he can fully commit to his new life back in Staten Island, NY. The 32-year-old "Saturday Night Live" alum initially purchased the f
Read More New-Home Sales Tumble in May as Mortgage Rates Remain High

Sales of new-construction homes plunged in May as prices edged up and buyers recoiled from mortgage rates stuck in the mid-6% range. Contract signings for newly built homes fell to a seasonally adjusted annual rate of 580,000 in May, down 7.3% compared to April, the U.S. Census Bureau and Departmen
Read MoreRelated Group, BH score approval for Rosewood Residences West Palm Beach

Related Group and BH Group’s planned Rosewood Residences in West Palm Beach got the go-ahead. The city of West Palm Beach approved the luxury condo tower at 2001 North Flagler Drive, a BH spokesperson confirmed. The property is next to the site BH and Terra are buying from billionaire Jeff Greene fo
Read MoreInside Zendaya and Tom Holland’s Marital Homes as They Embark on First Press Tour as Newlyweds

Newlyweds Tom Holland and Zendaya have embarked on their first official press tour as husband and wife, heading off on a lengthy international trip to promote their latest project, "Spider-Man: Brand New Day," just days after the actor finally confirmed that the couple is married. Ahead of the July
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A sprawling Maryland mansion that was once home to Los Angeles Clippers star Bradley Beal has sold for $9.5 million—just under a year after it was listed for $11 million. Beal, 32, who is known to his fans as "Big Panda," purchased the extraordinary property for $7.8 million in 2019, seven years aft
Read More Admiral’s Cove mansion leads Palm Beach luxury contracts at $19M

A mansion in Jupiter’s Admirals Cove topped Palm Beach County’s luxury market last week, landing a $19 million contract. Buyers signed 19 contracts between June 15 and 21, according to the weekly report by Douglas Elliman’s Eklund-Gomes team, which tracks listings in Palm Beach County above $3 mill
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Kylie Jenner has removed her extraordinary concrete megamansion from the market—just six months after listing the modern Los Angeles dwelling for $48 million. The reality TV personality listed the seven-bedroom Holmby Hills property on Dec. 22, according to property records, after purchasing it for
Read More South Florida’s top deals: Sunset Island site sells for $35M

🏆 Residential: Miami Beach had the priciest home sale recorded in South Florida, with the $35 million sale of 2131 Lake Avenue on Sunset Islands. The seller was a trust with Michele Ammirata as trustee. The buyer was Berjan 2132 LLC. The waterfront property spans 3,700 square feet and appears to ha
Read MoreMiddle-Class Incomes Are Rising Much Faster Than Living Costs in 2 Surprising Deep South States

Most middle-class Americans are losing the struggle with the rising cost of living, but residents of two Deep South states are actually coming out ahead, according to a new report. In 14 states, middle-class incomes are underwater by 10% or more in terms of trying to keep up with inflation in key li
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One of Virginia's last surviving octagon homes has returned to the market for $295,000—having spent years at the center of furious conspiracy theories about its "haunted" past. Located in Wytheville, VA, the historic abode, which is known as the Octagon Mansion, was built in 1870 and has been the su
Read More Fannie and Freddie’s new rules change the playbook for condo buyers, sellers and managers alike

In March of this year, Fannie Mae and Freddie Mac unveiled a major change to condominium lending, financial and insurance standards aimed at improving the way condos are bought, sold and managed. These updated rules change the criteria for prospective condo buyers to obtain conventional financing th
Read MoreCapital Gains Tax Discourages Homeowners From Selling, Senate Hears

The Senate heard testimony on Tuesday regarding federal taxes on the profits from home sales, which industry advocates say could be discouraging millions of homeowners from selling. Kevin Brown, president of the National Association of Realtors®, urged Congress to raise the exclusion limits on capit
Read MoreCongress passes 21st Century ROAD to Housing Act, sends bill to Trump

The 21st Century ROAD to Housing Act passed the House of Representatives after clearing the Senate and now heads to President Donald Trump’s desk for signature in the coming days. The housing package aims to reduce homeownership costs and improve housing supply while incorporating priorities from Co
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"Keeping Up With the Kardashians" producer Jeff Jenkins is preparing to part ways with his longtime Los Angeles mansion—having brought the "Zen-inspired" retreat to the market for $1.78 million nearly two decades after he bought it. Jenkins, whose producing credits also include "The Simple Life," "T
Read More Congress Passes Landmark Housing Affordability Bill

The U.S. House and Senate have passed a landmark housing bill with bipartisan support, setting the stage for President Donald Trump to sign it. The House voted 358-32 to pass the 21st Century Road to Housing Act on Tuesday night, one day after the Senate easily passed the bill by a vote of 85-5. The
Read MoreMiami Design District brings another marquee mixed-use project

Another mixed-use project designed by a globally recognized architecture firm is coming to the Miami Design District. Miami Design District Associates and Raycliff Capital plan to build Sweetbird North, an eight-story, 120,500-square-foot office-and-retail project that will include more than 92,000
Read MoreWill Miami commissioners put Live Local Act in legal crosshairs?

A Miami official wants the city to take a swing at Florida’s Live Local Act, which would put it in the ring alongside other localities that are punching back at the developer-friendly law. City Commissioner Damian Pardo sponsored a measure to instruct the city attorney to find ways to challenge the
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Kiss rocker Gene Simmons has opened up about his very humble childhood in Israel, where he spent his earliest years residing in a simple "one-room stone house." While Simmons, 76, boasts an impressive estimated net worth of $400 million—along with an awe-inspiring collection of luxury properties—he
Read More Stonerock loses downtown office buildings in $66M foreclosure

Two downtown Miami office buildings are headed to auction next month after landlord Stonerock Capital lost a $65.7 million foreclosure judgment. Atlanta-based Ardent Companies provided Stonerock with a $58.3 million mortgage to buy the buildings in 2022, the South Florida Business Journal reported.
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