Pending Home Sales Rebounded 5.2% in January as Low Mortgage Rates Boost the Housing Sector2/27/2020 The numbers: The index of pending home sales increased 5.2% in January following a decline the month prior, the National Association of Realtors reported Thursday. This was the second strongest monthly increase in over two years, but came off a significant decline in December. The index measures real-estate transactions where a contract has been signed but the sale has not closed, benchmarked to contract-signing activity in 2001. It serves as an indicator for existing-home sales reports in the coming months. What happened: Compared with January 2019, contract signings were up 5.7% nationally. On a monthly basis, pending sales increased in every region across the country, except the West, where they fell 1.1%. In the South they increased 8.7% month over month, followed by the Midwest (up 7.3%), and the Northeast (up 1.3%). Big picture: The decline in December was largely the result of depleted supply in the market. The job market and interest rate environment are such that buying a home is a much more affordable prospect for many Americans who had been forced to the sidelines in recent years due to rising home prices. Now that those people are back in the market, there are far from enough homes to meet this high demand. While that is a boon to new home sales, experts have argued it could keep existing home sales volumes lower for the foreseeable future. “We are still lacking in inventory,” said Lawrence Yun, chief economist for the National Association of Realtors. “Inventory availability will be the key to consistent future gains.” What they’re saying: “Low mortgage rates combined with a strong labor market and rising wages are no doubt providing support to the housing sector,” Rubeela Farooqi, chief U.S. economist at High Frequency Economics, said in a research note. Market reaction: The Dow Jones Industrial Average, the S&P 500 and the 10-year Treasury yield all dropped in Thursday morning trading, amid concerns regarding the spread of the COVID-19 coronavirus. The post Pending Home Sales Rebounded 5.2% in January as Low Mortgage Rates Boost the Housing Sector appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/pending-home-sales-rebounded-5-2-in-january-as-low-mortgage-rates-boost-the-housing-sector/
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Gov. Doug Ducey of Arizona and his wife, Angela, recently sold their sprawling mansion for $8.1 million. They can now spend those millions on a much smaller fixer-upper just down the street, which they bought last year. The couple listed their enormous 11,412-square-foot estate in Paradise Valley, AZ, for $8.75 million in December 2019, and they were able to sell the grand six-bedroom home relatively quickly. The mansion sale closed a couple of weeks ago, leaving the Duceys with plenty of dough to plow into upgrading and updating their other home. They purchased an older ranch with exquisite views in the same ritzy suburb in early 2019, for $1.375 million. The Duceys decided to downsize once their children left home and are apparently now ready to take on a remodel (or rebuild) project. The 3,100-square-foot house they bought last year covers a quarter-acre in the well-heeled Mountain Shadows East neighborhood. Its chief highlight is the jaw-dropping, unobstructed view of Camelback Mountain. The three-bedroom, 3.5-bathroom home was built in 1958 and shows some age. The kitchen, fixtures, and bathrooms need to be brought into 2020. But you can’t put a price on the location—an owner’s suite with picture-perfect mountain views might be worth preserving. It does pale in comparison to the immaculate French farmhouse interiors of the Duceys’ massive desert estate. But the location, bones, and smaller footprint make sense for the governor. The Duceys’ previous estate, where their three sons, Jack, Joe, and Sam, grew up, was custom-built for the family in 2009. Ducey amassed a fortune serving as the CEO of Cold Stone Creamery for more than a decade. He entered politics in 2007, was elected State Treasurer in 2010, and won the governorship in 2014. The post Ducey Downsize: AZ Governor Sells Mansion for $8.1M After Buying Fixer-Upper appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/doug-ducey-arizona-gov-sells-mansion-buys-fixer-upper/ Paging all billionaires! A legendary Beverly Hills, CA, estate that has starred in movies and played host to many historic figures has once again claimed the title of most expensive new listing on realtor.com®. Known as the Beverly House, the property has bounced on and off the market over the years. It’s now available for $125 million—or nearly 25% less than what Jeff Bezos recently paid for the Warner estate just a mile down the road. In 2018, the Beverly House landed on the market for $135 million, which earned this enormous estate the title of most expensive listing at that time. And these stratospheric prices could be almost considered a discount of sorts—the storied residence was offered for as much as $195 million in 2016. Called “the most important and iconic Mediterranean estate in California,” according to the listing on The Agency’s website, the grand mansion was built by Gordon Kaufmann, the architect of Hoover Dam, in 1927. The residence was later a home for the newspaper magnate William Randolph Hearst and the actress Marion Davies. The estate also served as a destination on Jacqueline and John F. Kennedy‘s honeymoon, and later, as Kennedy’s West Coast presidential election headquarters. The massive interiors are old-money classic, ideal for today’s tycoon. The spacious spread features a dizzying 18 bedrooms and 22.5 baths. Now recognized as “an emblem of Hollywood’s Golden Era,” as Architectural Digest notes, the H-form architecture is characterized by “long colonnades, wide balconies, arched floor-to-ceiling windows, and cavernous spaces.” Notable details include a two-story library with hand-carved paneling and a wraparound walkway, a coved ballroom, a billiard room with intricate ceiling and fireplace, and a tiled formal dining room. The formal living room is decorated with a 22-foot, hand-painted ceiling. The home’s hallways could easily double as bowling alleys: The one on the main level stretches a mind-boggling 82 feet; the one upstairs, 102 feet. Aside from the original features, the property also includes a “substantial addition” from 1995. The extensive and manicured grounds include walkways, fountains, waterfalls, tennis court, as well as a swimming pool and poolhouse. Although privately set behind wrought-iron gates, the property is just blocks from the Beverly Hills Hotel—which would be convenient should there not be enough bedrooms under this massive roof. As it is, the spacious spread can easily host parties for hundreds. The seller, Leonard Ross, purchased the property for less than $2 million over four decades ago, according to The Real Deal. He renovated it in the 1990s, and had been renting it out for events. The real estate investor first tested the market in 2007, when he asked $165 million. For those who recognize the place from the silver screen, the glamorous estate played a part in both “The Godfather” and in “The Bodyguard.” Mauricio Umansky and Santiago Arana both with The Agency, represent the listing. The post Iconic $125M Beverly Hills Estate Returns as Our Most Expensive New Listing appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/iconic-estate-beverly-hills-returns-most-expensive/ When people hear the word “ramada,” a hotel chain usually springs to mind. But eons before Ramada Inns dotted interstates, Native Americans built shade structures with roofs but no walls. These ingenious buildings (rama means “branch” in Spanish) constructed from poles and branches were designed for maximum airflow. Now you can own one of the most architecturally significant examples of a ramada in the entire Southwest, plus the large, luxurious home it shades. Ramada House, built by architect Judith Chaffee, in the Catalina Foothills of Tucson, AZ, is on the market for $1,995,000. Listing agent Scott Jarson is in love with the desert design and the practical nature of the ramada. “Nestled beneath a slat canopy of wood posts and beams, the ramada offers shelter from the sun, but keeps the views completely unobstructed,” he notes. Listed on the National Register of Historic Places, the home was built in 1975 and designed for maximum privacy and views of its 8.75 acres. The ramada was designed to cast intriguing shadows at different times of the day. The home beneath the canopy appears to be made of adobe, but it’s actually built with mortar-washed slump block, which, like adobe, keeps the air inside cool in the summer and warm in the winter. Floors in the four-bedroom home are tile and concrete, and natural wood is used for accents throughout the house. The sellers are the original homeowners, and they’ve thoughtfully updated the 3,797-square-foot home. Most spaces offer a blend of classic Southwestern features. Unique details include a library with 10-foot-tall bookcases, an office with fireplace (there are two fireplaces total), and plenty of built-in storage throughout the home. The modern kitchen features stainless-steel appliances, tile flooring, and pale wood cabinetry, plus easy access to the formal dining room and another dining area. There are multiple patios, decks, and oversize windows providing lovely vistas, connecting the indoors and out. Outside, there’s a pool finished with an earth-colored plaster, the better to blend into the scenery and reflect the night sky. All this, plus a tax break thanks to the home’s historical designation? According to the agent, it’s worth it for a buyer in search of a distinctive desert dwelling. “For those seeking a truly remarkable home with architectural provenance and integrity, the Ramada House offers something completely unique and authentic,” says Jarson. The post In Search of a Distinctive Desert Dwelling? Arizona’s Ramada House Is a Southwest Star appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/ramada-house-tucson-arizona/ If you’ve ever dreamed of navigating the turns in the Indy 500 or just doing laps in your souped-up muscle car with your buddies, look no further. Start your engine and grab your wallet—because this estate in Fayetteville, AR, will fulfill any race car lover’s ultimate fantasy. The $6.7 million estate features a 1.2-mile asphalt race track. Yes, you read that right: The home comes with a private race track. The homeowners, who purchased the property in 2012, made significant updates. In addition to improving conditions on the track, they added amenities such as a race-themed silo. The property features a number of shop buildings, a 606-square-foot guesthouse, abundant patio space, and its very own solar complex. The largest privately owned solar farm in Northwest Arkansas, it generates enough energy to power all the buildings on the property as well as additional buildings in town. The 7,764-square-foot main residence features a split floor plan. It has six bedrooms, each with a full bath and walk-in closet. The home features plenty of space for entertaining—and comes with a chef’s kitchen, home theater, gym, basketball court, and game room. If you want to take the party outdoors, there’s plenty of space for that, too. With over 1.6 miles of White River frontage and nearly 400 acres of land, there’s plenty of space to spread out. Designed for car buffs, this property will cause motor sports aficionados to push the limits of their bank accounts—if not their tachometers. There’s more than 9,000 square feet of garage space, equipped with car lifts and other auto-related amenities. If you’re a car collector, there’s room to tinker with your toys and display your handiwork. Located minutes from downtown Fayetteville, the property could produce additional income if a new owner wanted to host weddings, private races, and other events. The current homeowners run a small-events business on the property called CDS Farms & Motorsports Park. Events are mostly private rentals, bike races, and other racing activities. The track is completely paved and banked—perfect for racing cars, go-karts, or anything with wheels. If you have the cash, roll on in and make an offer on this car lover’s dream. The post Start Your Engine and Grab Your Wallet: $6.7M Arkansas Estate Has Private Racetrack appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/start-your-engine-and-grab-your-wallet-6-7m-arkansas-estate-has-private-racetrack/ Just in time for the jaw-clenching South Carolina Democratic primary, presidential hopeful Joe Biden dropped a $640 billion housing plan this week aimed at helping first-time home buyers, combating racism in the housing market, and providing assistance to low-income renters. But does the long-awaited proposal go far enough in addressing the affordability crisis that has permeated just about every real estate market in the nation—or is it just a wish list designed to muster up extra votes? Affordable housing—or the lack of it—has moved closer to center stage in the 2020 race, taking its place among hot-button issues like health care, national security, immigration, and the economy. Last year, each of the major Democratic candidates except Biden released comprehensive proposals on the lack of housing—and what to do about it. A proposal by the former vice president, once seen as the front-runner for the Democratic nomination, had been eagerly awaited. “People vote based on their pocketbooks, and you don’t get a bigger pocketbook issue than housing,” says realtor.com® Chief Economist Danielle Hale. “For many, [housing] is the largest monthly expense that they have. And if you own a home, it’s likely the most valuable thing that you own.” Highlights of Biden’s platform include tax credits for first-time home buyers, down payment assistance for teachers and first responders, changes in the appraisal process to address racial disparities, and increasing the availability of Section 8 housing vouchers. He would pay for his ambitious plan by increasing taxes on corporations and big financial companies. “Housing should be a right, not a privilege,” the plan reads. “Today, however, far too many Americans lack access to affordable and quality housing.” The would-be commander in chief’s platform is a return to the policies of President Barack Obama, under whom Biden served, says Edward Goetz, an urban planning professor at the University of Minnesota in Minneapolis. “Some of these [planks] can definitely be enacted. Others seem aspirational at best, and at worst, almost hallucinatory,” says Goetz. “You have to take these platforms with a grain of salt.” What Joe Biden says he’d do for home buyers and ownersThe big news for first-time home buyers is that they could get up to $15,000 in tax credits at the time of purchase—rather than having to wait until they file their income taxes in April. In addition, public and national service workers (like teachers and first responders) could be eligible for down payment help and discounted prices on homes. They’d need to be in (or move to) poorer neighborhoods in need of investment or expensive areas without much in the way of affordable housing to get the benefits, though. Several of the proposals would be significant to people of color, who often face greater hurdles in home buying. “Communities of color are disproportionately impacted by the failures in our housing markets, with homeownership rates for Black and Latino individuals falling far below the rate for white individuals,” the plan notes. This contributes to what is known as the racial wealth gap. Biden’s proposed new national standard for appraisals would attempt to ensure that homes in minority communities wouldn’t be appraised for less than similar homes in comparable white neighborhoods. “Right now if you live in a black neighborhood and you have the same exact house as the guy across the street in a white neighborhood has, your house is valued significantly less than the white, the same exact house,” Biden said during the Democratic candidates debate on Tuesday night in Charleston, SC. “We’ve got to deal with the institutional racism.” Biden also proposes creating a public credit agency that would generate credit reports by taking into account things like rental payment history and whether utility bills are paid on time. This would help buyers with scant credit history. Biden would also protect owners struggling with mortgage payments from foreclosure if they’re working with their lender to modify their loan. He’d also tighten the reins on nonbank lenders to ensure they’re offering mortgages in lower-income and minority communities. In addition, Biden’s plan would require and incentivize local and state governments to do away with regulations that perpetuate segregation and make it harder for builders to put up new housing. Finally, he’d establish a goal of halving the carbon footprint of the nation’s buildings by 2035. He’d provide incentives to retrofit homes to be more energy-efficient and create their own clean power among other efforts. What Biden would do for rentersThe former vice president would also help low-income renters. Like many of the other candidates, Biden would guarantee that every eligible family would receive a Section 8 housing voucher. Currently, only about a quarter of eligible folks have a voucher because there aren’t enough to go around. Goetz, who supports providing more vouchers, questions how the expansion would work. “You can’t talk about expanding the voucher program in a vacuum,” says Goetz. In order for it to work, there needs to be more housing available for voucher holders, particularly in the priciest markets. It’s “going to be problematic in some housing markets where you just don’t have the stock of housing that would be eligible and available,” he says. Biden’s plan would also provide struggling renters with a tax credit, so they would pay only up to 30% of their income on rent and utilities. He’d put $5 billion a year behind the credit. The candidate would prohibit landlords from refusing renters who receive federal housing benefits. And he’d help tenants undergoing eviction receive legal help. But such protections could lead to higher rents and tougher tenant screening, warns Ken Johnson, a real estate economist at Florida Atlantic University in Boca Raton. Landlords may want to give themselves a financial cushion in case a tenant stops paying rent and they can’t evict them. “Landlord evictions might hurt affordability,” Johnson says. “If you restrict a landlord from removing a nonpaying tenant, that is just a premium the landlord will add to the overall rent.” And Biden would attempt to increase the housing supply by putting $100 billion toward constructing and upgrading affordable housing. He’d also use tax incentives to erect affordable housing in areas where it’s in short supply and try to limit local and state government restrictions on the amount of new construction. Biden also hopes to ease homelessness by providing emergency funding to shelters and provide case management services for those in need. He’d prohibit shelters that receive federal money from turning away members of the lesbian, gay, bisexual, transgender, and queer community. And he’d provide more housing for the disabled, elderly, and formerly incarcerated. While Biden’s policy is a big step in the right direction, it doesn’t go far enough, say some real estate experts. “This plan is virtually the same as every presidential candidate. They talk about affordability and some way to subsidize housing,” says Johnson. But the platform doesn’t do enough to create and preserve affordable housing, especially in the nation’s most expensive real estate markets. “It does not address the reality of today’s housing market.” The post Biden’s Housing Plan Aims to Help First-Time Buyers, Address Racial Inequities appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/whats-inside-democratic-contender-joe-bidens-housing-plan/ House Party Podcast: Can You Dig This 70s Time Capsule Home? Plus Jeff Bezos $165M Purchase2/26/2020 “House Party” is realtor.com®’s official podcast about the overlapping worlds of real estate and pop culture, hosted by Natalie Way, Erik Gunther, and Rachel Stults. Click the player above to hear our takes on this week’s hot topics. This week we discuss our strong feelings about Bed Bath & Beyond and its plan to quell “purchase paralysis” by decluttering stores; Jon Bon Jovi‘s French chateau-style (?) home on the market for an undisclosed price; an explosion of green in a ’70s time capsule home; and more! Plus, as always, The Mailbox (aka the segment in which we answer listener letters), and this week’s celebrity real estate winners and losers. Ready to listen? Subscribe on Apple Podcasts, Google Play Music, Spotify, or wherever you get your podcasts. And please: Throw us a five-star rating if you like what you hear. The more good ratings and reviews we have, the easier it is for people to find us. Want to chime in? Have your own crazy home-related story you’re dying to share? We’re all ears, eagerly waiting to discuss all of your burning real estate questions. Email us at [email protected], follow us on Facebook, or tweet us @housepartypod on Twitter. ——-- Stories we discussed on ‘House Party’ this week:Jon Bon Jovi’s New Jersey Home Sale Is Hiding a Huge Secret: Can You Guess? Far Out! You Won’t Believe the Colors in This ’70s Time Capsule Condo Hands Off? 5 Rules for What You Can—and Can’t—Take When You Sell Your House The Week’s Most Popular Home Is a Mansion That’s Never Been Lived In—and You Won’t Believe Why Bethenny Frankel Sells Her Hamptons Home at a Discounted Price Did Amazon’s Jeff Bezos Hugely Overpay for His Latest House? The post ‘House Party’ Podcast: Can You Dig This ’70s Time Capsule Home? Plus, Jeff Bezos’ $165M Purchase appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/podcast/episode-51-house-party-podcast/ Leanne Ford, co-star of the HGTV show “Restored by the Fords,” is known for her fantastic home designs, so her fans are no doubt excited that she’s branched out to release her own furniture line, now available at Crate & Barrel. The 109-piece collection includes furniture, bedding, rugs, decor, and artwork that channel her worldly yet comfy vibe. “Design is global these days, and working with Crate & Barrel, we were able to go straight to the source,” she recently told House Beautiful. This means you’ll find a stylish bar cart from Indonesia woven from natural cane, gorgeous handcrafted Portuguese ceramics, and more that can add exotic, luxe vibes to your home. Ready to shop the look? Here are eight picks that’ll add some global charm and warmth to your home. Accent chair“I love the curvature of her pieces—they’re not angular like so much of what you see on the market today,” says Julie Coraccio, author of “Got Clutter?” “This chair looks comfortable and could easily fit the style of most homes.” This piece also comes in white or natural colors, and is made from kiln-dried woods that won’t warp ($999, Crate & Barrel). Bar cabinet“This would be such a fun piece to own, and if you don’t drink, you could store craft materials inside,” says Coraccio. It also comes in a charcoal hue and offers two shelves on the inside, plus several nooks to hold wine bottles ($1,999, Crate & Barrel). But the best part? The caned half-moon doors offer a glimpse of the goodies inside. Canopy bedCanopy beds are back—and they’re not like the ones your Grandma once owned. Instead, modern silhouettes have supplanted the fussy (and fusty) looks you might remember from bed-and-breakfasts and country inns. “I can’t recall seeing this type of curve anywhere else, but it’s definitely a twist on the classic canopy,” says Coraccio. The rods at the top allow you to drape your cozy nest with sheer panels or leave it stark if that’s your jam. This piece also features a cushioned headboard and simple platform bottom—no box spring required (from $1,799, Crate & Barrel). Fringe throwThis blanket looks like it’s on the plain side, but the textured weave and feathery fringe on every edge elevate it to new heights. Try this throw, which comes in both white and sand shades, at the end of your bed or behind a chair in a reading nook ($100, Crate & Barrel). Jute rugThere’s more fringe on Ford’s rug designs. (She’s a big fan of the detail and said it’s a favorite, second only to bangs!) In the runner size, this flat-weave jute rug is a nice addition to the spot in front of your kitchen sink. Or you could try the larger choice in the den ($299 and up, Crate & Barrel). Footed bowlCreate an arresting display with a trio of these footed ceramic bowls along a sideboard, or showcase one on the kitchen counter—your bananas never looked so good ($40, Crate & Barrel). Woven basketsFord’s affinity for baskets is well-known as her own home sports several that have been made into oversize light fixtures. If you’re the DIY type, you could retrofit this pick with a bulb and hang it high. For the rest of us, this handcrafted design is ideal for holding toys, footwear, and bathroom supplies ($80 each, Crate & Barrel). BenchFord has described the furniture in her collection as “soulful materials living in classic Italian shapes.” This pick definitely fits the bill with its sexy, playful curves. Place it at the end of a bed or in front of a fireplace for an easy perch that doesn’t block sightlines ($999, Crate & Barrel). The post Leanne Ford’s New Furniture Line at Crate and Barrel Is a Trip—Take a Look appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/leanne-ford-releases-crate-and-barrel-furniture-line/ The numbers: Sales of newly-constructed homes in the U.S. soared 7.9% on a monthly basis in January to a seasonally-adjusted annual rate of 764,000, the government reported Wednesday. That figure represents the highest pace of new home sales since July 2007, making for a new cycle high for the housing market. On an annual basis, new home sales were up 18.6% compared with January 2019. Additionally, the government adjusted its figures for previous months. The December rate of new home sales was revised upward to 708,000, while the rate for November was readjusted lower to 692,000. The new home sales report, because of its small sample size, is prone to significant revisions like these. What happened?: On a monthly basis, sales increased the most in the Midwest, where they rose 30.3%, followed by the West (up 23.5%). In the Northeast, new home sales increased a more modest 4.8% between December and January, and they dropped 4.4% over that same time frame in the South. Sales increase on a year-over-year basis by more than 40% for every region except the South, where they fell 2.4%. The median sales price of new homes sold in January was $348,200. The inventory of new homes for sale dropped to 324,000, representing a 5.1 months’ supply. The is the lowest supply of new homes on the market since 2017. The big picture: Confidence among home builders has remained at record highs in recent months, and this report show why. The number of previously-owned homes for sale is at record lows currently. Meanwhile, a strong job market, wage growth and near-record-low interest rates have provided a major boost in demand for homes. With homeownership an affordable prospect for more Americans, they have to turn somewhere to purchase. This has made the new home market more attractive, even though new homes typically cost more for buyers. As a result, home construction activity should remain healthy for some time to come, barring complications caused by the coronavirus-fueled economic slowdown. What they’re saying: “Demand conditions in January continued to be favorable for new home sales,” Nationwide senior economist Ben Ayers and economist Daniel Vielhaber wrote in a research note Monday. “Unemployment and mortgage rates continue to be very low, household formations continue to run hot, while the inventory of existing houses on the market is extremely limited, pushing more homebuyers into the market for new homes.” Market reaction: The Dow Jones Industrial Average and the S&P 500 both rebounded in Wednesday morning trading, after falling for four sessions on concerns related to the ongoing coronavirus outbreak. The yield on the 10-year Treasury note also increased. However, shares of home-building firms PulteGroup and D.R. Horton and Lennar Corp. all fell Wednesday morning. The post New Home Sales Soar to Highest Level Since 2007 appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/new-home-sales-soar-to-highest-level-since-2007/ Phoenix Suns guard Devin Booker has made quite a splash on the court this season. Fresh off his first All-Star appearance, he’s listed his modern house in Paradise Valley, AZ, for $4.1 million. While there’s no telling what the move means for Suns fans, a lucky buyer can now score a gorgeous piece of desert real estate with a pro sports connection. Located in the well-heeled Kachina Estates, the four-bedroom, 4.5-bathroom, 5,590-square-foot home features state-of-the-art systems and finishes. Retractable glass doors open to the huge backyard with a pool, spa, and lounge areas, all ideal for entertaining a crowd. There’s also a butler’s pantry, wine room, home theater, and four-car garage. The master suite is a showstopper, with a massive custom closet ready to be filled with clothes, sneakers, and accessories. According to property records, Booker bought the 1-year-old home in 2017 for $3.25 million. The home doesn’t look like it’s gotten a whole lot of use, and the listing photos show the property sitting empty. Booker was named to the All-Star team at the last minute, replacing Portland Trail Blazers guard Damian Lillard, who suffered an injury. In an interview during All-Star weekend, Booker explained that he and his brother share an interest in real estate. “My brother just got his real estate license, so shout out to him,” Booker said. “The NBA and this game opens up a lot of doors and opportunities to meet a lot of different people, so I just want to take advantage of that.” This stunning home might just be the beginning of a new venture for Booker—and we can’t wait to see what he does next—both on the court and in the world of high-end real estate. The post Phoenix Suns All-Star Devin Booker Selling Sleek Arizona Mansion for $4.1M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/devin-booker-selling-sleek-arizona-mansion/ |
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April 2021
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