Born in Sudan, Luol Deng “…is not waiting for the end of his playing days for his next big score. He’s been investing in real estate almost since the time he entered the league in 2004 and has amassed an impressive portfolio—hotels, resorts, condos, and apartment buildings—worth $125 million.” Forbes staffer Kurt Badenhausen posted up The NBA’s Unlikely Real Estate Mogul: Inside Luol Deng’s Towering $125 Million Portfolio. The coolest part of the article mentions Deng’s real estate symposium with fellow players hoping to change the statistic that estimates 60% of NBA players are broke within five years of retirement.
2. GAYBORHOODS AROUND THE U.S.
Realtor.com just released the Top Places for LGBTQ Folks to Live—and It’s Not Just New York and San Francisco. “As jubilant pride celebrations take place across the nation, major cities are rolling out the welcome mat with rainbow flags flying proudly from streetlights. This is the big one: the 50th anniversary of the gay rights movement. But just because the largest metros may be the most visibly gay-friendly, it doesn’t necessarily mean they’re the best places for members of the community to put down roots.” Read about why these ten cities were chosen to be the best LGBTQ communities in the country.
3. TOUGH COMPETITION
Starter homes are becoming a battleground between millennials looking for their first house and investors swooping in with all-cash offers — and there’s a pretty clear winner reports Business Insider. Some reports say investors are purchasing 20% of the starter homes by outbidding other buyers, by paying in cash, and some are buying houses before they’ve even been put on the public market.” I believe patience is the name of the game here. Millennials have a great deal of time to invest wisely. The deals will come to them at the perfect time if they have faith in the process.
4. DEVELOPING NEWS
Applauded by the National Association of Realtors and the National Association of Home Builders, Trump signs executive order to tackle lack of affordable housing in the U.S. reports HousingWire. “President Donald Trump signed an executive order Tuesday that establishes a White House Council tasked with identifying and removing barriers hindering the development of affordable housing. In effect, he is “tearing down red tape in order to build more affordable housing,” a White House release said.” Read the full story…
5. MOVING TARGET
If you ask any real estate agent what question they get asked the most, do you know what nine out of 10 will say? “It doesn’t matter if you’re owning or renting, buying or selling, or still sitting on the sidelines waiting to join the game. Just about everyone wants to know what’s going on in the housing market” says Realtor.com. Here are 6 Things Every Home Buyer, Seller, and Owner Need to Know About Today’s Housing Market. Oh, before I forget, find yourself a Top Agent to keep you up to date on what’s going on in the market!