Now is an excellent time to buy real estate, with elections drawing near; with the expansions of several Universities and Graduate Schools; and with mortgage rates ebbing lower and lower, than what has already been recorded as historically-low.  As the White House fills up, we should expect to see a tide of new buyers and sellers.  If you are interested in free real estate consultation please visit www.luketherealtor.com to schedule a time to speak.  I look forward to hearing from you!


Real Estate Technology

Long and Foster Christie’s International Real Estate launches new website that provides valued customers and agents, with a unique experience for finding the perfect home.  www.LongandFoster.com


I just learned that company first launched website in 1995, only five years after the dawn of the internet (circa. 1990).    #Avant-Garde #Pioneering

— See timeline video (music on point!): http://www.extraordinaryproperties.com/


Key Advantages

Washington Post columnist, Michael Lerner, writes an insightful report titled, “Spring started early for D.C. housing market.”

This text paints an inviting picture for #NewHomeBuyers who are looking to purchase fee simple townhomes in Washington D.C; he adds insight to those searching for a condo alternative; lastly, he identifies the most typical price ranges as  $300-400k and $600-800k.

Spring started early for D.C. housing market
By Michele Lerner March 31 at 10:30 AM

If you’re a prospective home buyer, you probably started feeling warm spring air back in February.

While January’s blizzard slowed the housing market briefly, buyers dug their way out quickly and got back to the business of touring homes and making offers, particularly in the city. While the number of homes listed for sale is up from this time last year, there’s still a lot of competition, and multiple offers are common in the District.

“All indications are that this spring will be a fast-paced market, but possibly not quite as intense as last spring since we do have an increase in inventory that takes a little of the pressure off for buyers,” says Jonathan Hill, vice president of marketing and communications for multiple listing service MRIS in Rockville.

According to MRIS, the District’s inventory rose 11.4 percent from February 2015 to February 2016. Median sales prices were up 4 percent, from $495,000 in February 2015 to $515,000 in February 2016. In spite of the increase in inventory, homes in the District are selling faster than ever, with the average number of days a home stays on the market dropping by 9.4 percent to 48 days in February 2016. Many homes sell in less than a week.

“Low inventory is particularly a problem on the lower end of the market, with very few new listings priced under $490,000,” says Nela Richardson, chief economist for Redfin in Washington.

The renovated 1,508-square-foot three-bedroom, four-bathroom home at 5503 Eighth St. in Washington’s Petworth neighborhood is listing for $629,000. (By HomeVisit)
[D.C. home back on market after surviving bomb, international custody battle]

Unfortunately for first-time buyers, the threshold to purchase a rowhouse or single-family home rather than a condo has now reached $500,000 in nearly every neighborhood, says Morgan Knull, an associate broker with Re/Max Gateway in Washington.

“If you want a typical refurbished rowhouse with three levels, usually with about 500 square feet on each level and maybe a second bathroom in the basement, it’s $500,000 and up in Brentwood, Trinidad, Brightwood, Upper Petworth and on Capitol Hill including Kingman Park and H Street,” says Knull. “I’ve seen smaller two-level rowhouses with about 800 square feet going for $515,000 when they’re a little closer to a Metro station, but there aren’t many of those in the city.”

Competition for all home types under $500,000 in the city is particularly heated, says Richardson, with first-time buyers competing against bigger investors and people who want to invest in one property for rental income.

“Redfin did a report on flipping real estate and found that the Petworth neighborhood is number one in the country for flipping, just as it was two years ago,” says Richardson. “That’s a double-edged sword because buyers who want to fix a home and live in it need a construction loan, and that makes it even harder to compete with an investor who has cash.”

Richardson says properties are often selling well above their listing price, such as a Mount Pleasant property that sold for $150,000 above the asking price in early March after receiving 10 offers.

Knull says move-up buyers don’t have it much easier, with the “new normal” in that market for a three-bedroom home starting at $1 million.

A 494-square-foot one-bedroom condo at 1 Scott Circle NW #617 in Washington is listing for $245,000. (By HomeVisit)
“If you look at [American University] Park in Northwest, which is popular with families because of Janney Elementary School and the location near the Friendship Heights Metro station, there isn’t a single three-bedroom home on the market for less than $1 million,” says Knull. “These aren’t huge homes, either.”

[Seven new condos coming to D.C.’s Columbia Heights]

According to Hill, the largest number of listings in the city are condos and co-ops in the $300,000 to $400,000 range, many of which are one-bedroom residences. The second price range with the most listings is homes priced from $600,000 to $800,000, most of which are attached rowhouses.

“D.C. is always pulling in more people for jobs, so the demand for homes here doesn’t slow down,” says Hill. “We’ll probably see a little more inventory as the spring goes on, which should hold prices steady in the city.”

Richardson points out that new construction is not meeting demand in the city, with most of it either rental units or high-end condos.

“The limited supply creates a domino effect, with sellers needing to sell first before they can buy and sellers at the top of the food chain demanding contracts without any contingencies,” says Richardson.
A relatively new trend is for buyers to have a pre-contract home inspection in order to make an offer without a traditional home inspection contingency, says Knull.

“It’s like a nuclear arms race: Once one person does it, everyone else does it, too,” he says. “For buyers, it allows you to get a quick diagnosis of the house before you make an offer, but you’re also spending hundreds of dollars and don’t even know if you’ll go under contract on the home.”

[Proposal to displace farmers market could scuttle Adams Morgan condo project]

Sellers benefit from a pre-inspection because they know they won’t have to deal with an offer contingent on a full home inspection and won’t need to negotiate on inspection items, he says.

“A pre-contract inspection usually costs about half as much as a full inspection because you’re getting just a walk-and-talk inspection without a written report,” says Knull. “Buyers just learn from the inspector about what could make them increase or decrease their offer, but they don’t get a lot of detail. At one property this morning, there were seven or eight pre-contract inspections going on at the same time. There’s just a shortage of inventory at every price point and in every neighborhood, and that contributes to the frenzy among buyers.”

With competition so heated, particularly for first-time buyers, Dan Fulton, senior vice president of John Burns Real Estate Consulting in Reston, says buyers may want to consider some of the more affordable options under construction in the suburbs.

“Every buyer needs to turn the dial and decide which of these four trade-offs to make: the size of the home, the age, the location and the price,” says Fulton. “Buyers who want to live in a newly designed and built home or who want a little more space may need to trade-off living in the city for a walkable community in the suburbs and a longer commute.”

FHA vrs. Cash close in DC

David Charron, with MRIS, writes an insightful op-ed for The Washington Post titled, “FHA is on the rise in the D.C. – area housing market.”  Here, the columnist shares his thoughts on #CashClosing and also recommends  #FHAloans as the #1 pick for #NewHomeBuyers.  He writes,

“An FHA loan, provided only by FHA-approved lenders, is a loan that is insured by the Federal Housing Administration, reducing risk for loan providers should the borrower default on mortgage payments. With maximum loan values in place, these loans are popular with first-time home buyers and often do not apply to higher-end housing.”


50 most powerful people in the World

No surprises here.  Follow link for pictures.



The 50 most powerful people in the world
Emmie Martin, Melissa Stanger and Tanza Loudenback
It isn’t just wealth. And it isn’t just control over people or resources. No, true power is a potent combination of money and influence that enables people to help shape the world. But only a select group of people really possess the economic and political clout to effect global change. For better or worse, their decisions affect millions, shake industries, and change nations.

Business Insider has compiled the following list of the world’s most powerful people — heads of state, billionaires, CEOs, and entertainers. To determine the ranking, we considered more than 100 of the most influential players in business, politics, and entertainment, and we evaluated their influence by using metrics in four major areas: economic power, command, newsworthiness, and impact — a subjective measure that captures how important they are in their respective spheres.

Because the majority of these people span several industries, we took the logarithm of each and mapped those logarithms to a standardized scale, which allowed us to combine the metrics. (See our full methodology here.)

US President Barack Obama, leader of the world’s chief superpower, takes top honors, followed by Chinese President Xi Jinping, ruler of the a country making a serious challenge to the US’ supremacy. Read on to see the full list of the world’s 50 most powerful people right now:

Editing by Alex Morrell with additional research by Andy Kiersz.

View As: One Page Slides
50. Jay Z and Beyoncé
50. Jay Z and Beyoncé
Win McNamee / Getty
Titles: Singer (Beyoncé), rapper and entrepreneur (Jay Z)

Country: US

Age: 34 (Beyoncé), 45 (Jay Z)

Music’s biggest power couple, Beyoncé and Jay Z turn nearly everything they touch into gold, which has helped them mint a combined fortune of $950 million.

Beyoncé shocked the music industry in 2013 when she released an album on iTunes without promotion — it went on to sell over 5 million copies thanks to hits like “Drunk in Love” and “Partition.”

Jay Z is consistently one of the highest earners in music, reportedly raking in $56 million last year through his many ventures, including his Roc Nation music label and its sports division. Though his streaming service, Tidal, encountered some turbulence — the hip-hop mogul himself forgot he owned it — Jay Z is still just about everywhere in the entertainment industry.

49. Mukesh Ambani
49. Mukesh Ambani
Reuters/Amit Dave
Title: Chairman, managing director of Reliance Industries

Country: India

Age: 58

Mukesh Ambani took over as the chairman of Reliance Industries when his father, the company’s founder, Dhirubhai Ambani, died in 2002. The enormous industrial conglomerate generates $61 billion in annual sales from its interests in energy, petrochemicals, textiles, natural resources, retail, and, more recently, telecommunications.

Ambani is the richest person in India with a personal fortune of over $23 billion. He owns a 27-story Mumbai mansion that cost $1 billion to build.

And if Ambani’s projections for India’s economy prove correct, expect that net worth to soar. Four years ago, Ambani predicted that India would grow from a $1.4 trillion economy in 2011 to a $30 trillion economy by 2030 — a bullish estimate considering that India’s GDP today stands at $2.2 trillion.
48. Joaquín ‘El Chapo’ Guzmán
48. Joaquín ‘El Chapo’ Guzmán
AP Photo/Eduardo Verdugo
Title: Sinaloa Cartel leader

Country: Mexico

Age: 60

Mexican drug lord Joaquín “El Chapo” Guzmán is perhaps the wealthiest and most notorious gangster on the planet, with a net worth of $1.1 billion. The leader of the Sinaloa Cartel — the biggest in Mexico, with 160 million acres in Sinaloa, Mexico, in its portfolio — El Chapo has been accused of importing over 180,000 kilos of cocaine into the US. Drug-enforcement experts estimate his cartel’s annual revenues at greater than $3 billion.

Cunning and evasive, El Chapo escaped from a Mexican prison in July (not for the first time) by way of a labyrinthine tunnel he may have paid $50 million in bribes and construction costs to have built. The US State Department is offering a reward of up to $5 million to anyone with information leading to his arrest.

47. Rupert Murdoch
47. Rupert Murdoch
REUTERS/Lucy Nicholson
Title: Executive chairman, 21st Century Fox and News Corp.

Country: Australia

Age: 84

Though he announced in June that he’ll be stepping down as CEO of 21st Century Fox, the media company he cofounded, Rupert Murdoch will stay on as the executive chairman of one of the largest mass-media empires in the world.

Murdoch has recovered from the 2011 News Corp. phone-hacking debacle, which The Economist suggests may have even left him better off since he and his family have more than doubled their wealth since the scandal. He’s now worth $13 billion. The Australian media mogul remains hungry for premier media properties, buying a majority stake in the established nature magazine National Geographic in September. He wasted no time cutting staff by 9%.
46. Sheldon Adelson
46. Sheldon Adelson
Getty Images / Denise Truscello
Title: Chairman, CEO of Las Vegas Sands

Country: US

Age: 82

The “King of Las Vegas” is expected to dole out millions by this time next year, taking a gamble on one of his favorite things: politics. The casino magnate, who owns 13 private jets, is a staunch supporter of the Republican party, famously donating tens of millions from his $25 billion fortune to past candidates such as Newt Gingrich.

For his day job, he runs Las Vegas Sands — parent of the Venetian Resort and Casino and Sands China, a subsidiary that’s planning to open its fifth casino in Macau next year. And while Adelson’s vision to make China the gambling capital of the world isn’t outlandish considering his industry dominance, it may not pan out under political restrictions and President Xi Jinping’s push to make Macau a family-friendly destination. Amid the flux, Sheldon’s fortune has reportedly lost several billions in the past year after a 25% decline in the price of Las Vegas Sands stock.

45. Benjamin Netanyahu
45. Benjamin Netanyahu
Thomson Reuters
Title: Israeli prime minister

Country: Israel

Age: 66

Reelected this year as the prime minister of Israel, Benjamin Netanyahu recently compared the Middle East to “Game of Thrones.” It isn’t a game he’s always played well — disputes over the Iran deal and the Israeli-Palestinian conflict have left US-Israeli relations at a crisis point. But Israel has remained relatively stable during a time of turmoil throughout the Middle East, and Netanyahu has dominated his country’s politics like few Israeli leaders.

Overall, many say that Netanyahu has done a good job of boosting Israel’s economy and putting the country at the forefront of technological and medical advances. Even so, the fallout over the Iran nuclear deal, and his strained relations with Washington, don’t fare well for his legacy.
44. Ginni Rometty
44. Ginni Rometty
Paul Morigi/Getty Images
Title: Chairman, CEO of IBM

Country: US

Age: 58

Last year, IBM CEO Ginni Rometty had to break some tough news: The tech company would be abandoning its years-long promise to hit $20 earnings per share by 2015. But the company’s top leader has hatched a new plan: IBM will invest $4 billion to grow $40 billion in revenue in areas such as cloud computing, mobile, and big data by 2018. The plan would nearly double what IBM is making in these markets now, though it also means straying from the hardware focus that’s defined IBM for decades.

Rometty’s mandate is to keep one of tech’s most iconic companies — which employs 380,000 people, on par in size with the population of New Orleans — relevant and profitable for the long haul, even if it means changing some of the most fundamental things about the company. The IBM lifer isn’t apologizing for adapting. “Reinvention is not about protecting your past,” she said at the Fortune Global Forum earlier this year.

43. Robin Li
43. Robin Li
Getty Images
Title: Baidu CEO

Country: China

Age: 46

There’s a trio of internet kings in China, collectively known as “BAT” — Baidu, Alibaba, Tencent. For his part, Robin Li commands the market in internet search as the chairman and CEO of Baidu, China’s Google equivalent.

As with Google, Li’s Baidu is constantly investing in the future. In May, Baidu announced a partnership with Daimler, the maker of Chinese Mercedes-Benz, to provide software for their cars that allows drivers to access content from their smartphones. And in conjunction with BMW, Baidu is building a self-driving car prototype that it hopes to reveal by year-end.

Li, whose net worth is upwards of $11 billion, also said this year that his company would invest $3.2 billion in “online to offline” services, which allow mobile users to perform traditionally non-digital tasks such as buying movie tickets, hailing cabs, and finding deals at restaurants.
42. Park Geun-hye
42. Park Geun-hye
Thomson Reuters
Title: President of South Korea

Country: South Korea

Age: 63

South Korean President Park Geun-hye is the first female leader of her country — an especially impressive accomplishment considering South Korea has the highest level of gender inequality in the developed world. Her election generated the nation’s highest turnout rate in 15 years.

Park has the difficult but critical responsibility of diffusing threats from the ever-combative North Korea. Last year, she tried to get her mercurial neighbors to the north to abandon their nuclear-weapons program by promising humanitarian aid and an investment in its weak industries, but to no avail. Park has flexed her muscles by testing missiles that can reach all of North Korea, but Kim Jong-un hasn’t blinked, and hasn’t quashed any nuclear ambitions.

41. Steve Schwarzman
41. Steve Schwarzman
Thomson Reuters
Title: Founder, CEO of Blackstone Group

Country: US

Age: 68

Steve Schwarzman is the unparalleled king of private equity, with a fortune of $11 billion that includes splashy homes in Manhattan, the Hamptons, Jamaica, and Saint-Tropez. His vaunted buyout firm Blackstone Group is the largest on earth, with $334 billion in assets under management, and it has completed some of the most high-profile acquisitions in the industry. The company’s $26 billion leveraged buyout of the Hilton hotel chain in 2007 is considered by some the most profitable of all time.

Schwarzman had a short but prosperous career with investment bank Lehman Brothers before leaving in 1985 to start Blackstone with ousted Lehman CEO Peter Peterson. They opened shop with $400,000, but Schwarzman gained a reputation as savvy and lucrative dealmaker, and Blackstone grew into a juggernaut. In 2014 it generated a record $7.5 billion in revenue. Never satisfied, Schwarzman wants Blackstone to double in size in the next eight years. Schwarzman donated $150 million in May to build a student commons at Yale.
40. Ban Ki-moon
40. Ban Ki-moon
Title: UN secretary-general

Country: South Korea

Age: 71

As the secretary-general of the United Nations, Ban Ki-moon leads its 193 international member nations in fighting for peace and safety worldwide. Throughout his tenure, Ban has worked to support unstable countries with UN peacekeeping efforts, promote sustainable development to lessen climate change and poverty, and empower women worldwide. His position gives him the authority to determine how and where the UN uses its resources and allows him to facilitate conversations between world powers.

Most recently, Ban led the 70th annual meeting of the UN General Assembly, one with the highest attendance in years. He adopted new UN goals for the next 15 years, with a focus on eradicating poverty and preserving the planet.

39. Satya Nadella
39. Satya Nadella
Title: CEO of Microsoft

Country: United States

Age: 48

Since becoming Microsoft’s third CEO last year, Satya Nadella has been busy helping the technology company become relevant again. While Microsoft is still a software giant — it pulls in about $95 billion in sales — it’s far from its former glory as the innovative, undisputed leader in tech.

But Nadella, a Microsoft veteran of 23 years, has made significant progress in rejuvenating the company: He successfully released Windows 10, a huge hit that attracted over 110 million users in just three months; he converted Microsoft rivals like Salesforce and Oracle into partners; he launched Microsoft into the growing Internet of Things market with a new database, cloud service, and big data analysis service; and he oversaw Microsoft’s biggest layoff round ever while still maintaining his likability among employees.
38. Elon Musk
38. Elon Musk
REUTERS/Beck Diefenbach
Title: CEO of Tesla and SpaceX

Country: United States

Age: 44

The man who believes there’s “no such thing as business, only the pursuit of a goal” has invested in, founded, or run 18 companies to date, including two of the most innovative technology firms in America: Tesla Motors and SpaceX. It was a big year for both companies, with retail deliveries of the Tesla Model X crossover vehicle starting in September and the launch (and failure) of a SpaceX rocket bound for the International Space Station in June. Anticipation is already high for the mass-market Model 3 sedan, which Tesla plans to unveil next March, and another SpaceX supply launch slated for December.

Musk, who first hit it big cofounding PayPal in the late 1990s, has a growing fortune of more than $11 billion that enables him to experiment with technology of the future. In January, he announced via Twitter that he would build a 5-mile Hyperloop test track to invite students and companies to test out their ideas for the high-speed transportation system. He also donated $10 million to the Future of Life Institution this year to keep artificial intelligence safe and beneficial to humans.

37. Larry Ellison
37. Larry Ellison
Title: Founder and executive chairman of Oracle

Country: United States

Age: 71

Oracle’s billionaire cofounder Larry Ellison stepped down as the company’s CEO last year but hasn’t pumped the brakes: He still serves as chairman and CTO of the $38 billion (sales) database and software titan. Ellison announced plans this year for Oracle to take over as the primary provider of cloud-computing products and services, revealing at the company’s tech conference in October that 20% of its customers — and counting — bought tech via the cloud rather than traditionally.

Ellison, who routinely ranks as one of the 10 richest people in the world, holds a fortune of nearly $50 billion and a growing real-estate portfolio that spans the globe. His latest side project? Reviving the sport of tennis through investments at the “fifth grand slam” site in Indian Wells, California, and as lead sponsor for the Intercollegiate Tennis Association. Ellison is determined to “restore tennis to prominence in the US and make the game more profitable globally” — something he also recently accomplished with sailing.
36. Oprah Winfrey
36. Oprah Winfrey
REUTERS/Danny Moloshok
Title: CEO of OWN

Country: United States

Age: 61

Worth nearly $3 billion, Oprah Winfrey is the only black female billionaire in the US. Despite a traumatic upbringing of living in poverty and enduring years of physical and sexual abuse, Winfrey became one of the most successful and beloved media personalities of the 21st century.

Winfrey is the founder of the award-winning production studio Harpo Productions — responsible for the 2014 critical darling “Selma” — and the Oprah Winfrey Network. She also owns the “The Oprah Winfrey Show,” which brought in $300 million a year at its peak. She’s a top cultural influencer, particularly among women, with a book club that is followed with cult-like dedication and an annual “favorite things” gift guide. Recently, she also extended the “Oprah effect” to the weight-loss industry when she bought a 10% stake in Weight Watchers in October and caused the stock to jump 105% as a result.

35. Christine Lagarde
35. Christine Lagarde
Adam Berry/Getty Images
Title: Managing director of the IMF

Country: France

Age: 59

Appointed managing director of the International Monetary Fund in 2011, Christine Lagarde is the first woman to head the organization, which serves as the economic adviser and backstop for 188 countries.

Along with the European Central Bank and the European Commission, the IMF under Lagarde has been preoccupied with propping up Greece’s failing economy, which has required three bailouts in five years, the latest coming in August and requiring $95 billion of aid.

In November, Lagarde endorsed the Chinese yuan as an IMF reserve currency — a historic move that, if approved, would further cement China’s rise as a top economic power.
34. Rex Tillerson
34. Rex Tillerson
Reuters/Sebastian Derungs
Title: CEO of Exxon Mobil

Country: United States

Age: 63

Rex Tillerson runs the world’s largest publicly traded oil company, commanding about 75,000 employees and generating nearly $400 billion in annual sales. But the oil industry can be a beast of its own, regardless of a company’s size.

After a joint venture in the Arctic Sea between Exxon Mobil and the Russian firm Rosneft went up in smoke because of sanctions against Russia, Tillerson said in March that Exxon had been compensating by cutting costs and ramping up production in US shale fields. The company also came under investigation in November after reports suggested the company had for decades lied to the public about climate-change data.

The lifelong Texan and Exxon employee will reach the company’s mandatory retirement age of 65 in 2017, but until he steps down, Tillerson retains control over one of the wealthiest and most influential companies on the planet.

33. Michael Bloomberg
33. Michael Bloomberg
Title: CEO of Bloomberg LP

Country: United States

Age: 73

Michael Bloomberg is back — and he’s making sure his presence is known. After leaving Bloomberg LP, the financial data and media giant that he founded in 1981, and spending 12 years as mayor of New York City, Bloomberg was expected to devote his time to giving away his immense fortune, which stands at $42 billion. Instead, Bloomberg made waves by returning to the helm of his company in 2014, effectively ousting CEO Dan Doctoroff.

Bloomberg didn’t return as a figurehead — he immediately began shaking up the company. The newsroom saw layoffs, a management overhaul, and a website relaunch — as well as the exits of news head Matthew Winkler and top digital editor Joshua Topolsky — as Bloomberg flexed his authority over the company.

The former mayor has had less luck asserting his vision over public policy. Though he effectively instituted a smoking ban in New York City, his efforts to eradicate big sodas fizzled out in the courts last year. He has pledged $50 million to combat the NRA, though little progress has been made on gun control thus far.
32. Ali Khamenei
32. Ali Khamenei
REUTERS/Morteza Nikoubazl
Title: Supreme Leader of Iran

Country: Iran

Age: 76

Ayatollah Ali Khamenei, who has been the ultimate authority in Iran since 1989, is openly opposed to Western influence in both his country and the broader Middle East. A hardliner even within Iran’s clerical regime, Khamenei has long championed the slogan “Death to America,” and he has sought to position Tehran as both a geopolitical and ideological enemy of the US and Israel.

After over 18 months of negotiations, Khamenei conditionally agreed to a landmark nuclear deal reached with six world powers this past July. The deal outlines Iran’s promise to curb its nuclear program in exchange for the US and its partners lifting economic sanctions. The agreement is set to open Iran’s economy to outside investment and has generally raised the prestige of Khamenei’s government, which is quickly shaking its status as one of the world’s pariah states.

31. King Salman bin Abdulaziz al Saud
31. King Salman bin Abdulaziz al Saud
Title: King of Saudi Arabia

Country: Saudi Arabia

Age: 79

Salman bin Abdulaziz al Saud took the throne as king of Saudi Arabia in January after the death of his half brother. His short tenure hasn’t been without controversy: Eight of the 12 surviving sons of the country’s founding monarch reportedly support a coup to oust King Salman and replace him with his younger brother, Prince Ahmed bin Abdulaziz, a sign tensions are at a high within the royal family.

But as the leader of Saudi Arabia, King Salman wields incredible influence over the Middle East and his country’s massive oil reserves. Even with oil at historically low prices, Saudi Arabia — the world’s largest oil exporter — continues to ramp up production to depress prices and protect its global market share, despite the negative impact it has on the global oil economy.
30. Dilma Rousseff
30. Dilma Rousseff
REUTERS/Ueslei Marcelino
Title: President of Brazil

Country: Brazil

Age: 67

Dilma Rousseff, Brazil’s first female president, leads the largest country in Latin America and the seventh-largest economy in the world. Rousseff is credited with nearly eradicating extreme poverty in Brazil during her first term by raising the monthly stipend for struggling families.

But Rousseff has hit a rough patch lately, and it appears to be getting worse. Protests broke out and gained traction in March in part because of Brazil’s crumbling economy. The country’s growth has plummeted — low commodity prices, high interest rates, and austerity measures are partly to blame — and it officially entered a recession in 2015. The value of its currency devalued by 45% this year through mid-November.

Also contributing to her near record-low approval rating: A group of high-profile lawyers filed for the impeachment of Rousseff in October in connection to the corruption scandal involving the state-run oil company Petrobras (Rousseff has maintained her innocence).

29. Wang Jianlin
29. Wang Jianlin
Wikimedia Commons
Title: Chairman of the Dalian Wanda Group

Country: China

Age: 61

Wang Jianlin is one of the richest self-made billionaires in the world, claiming a fortune of $33.5 billion. The real-estate mogul, who served in the Chinese military from 1970 to 1986 before going into business, has his hands in dozens of sectors and his name on hundreds of companies, including the yacht maker Sunseeker and the US-based AMC Entertainment. His wealth has nearly doubled after last year’s initial-public-offering listings of his companies Wanda Commercial Properties — China’s largest property developer — and Wanda Cinema Line, cementing his title as the richest person in China.

In early 2015, Wang purchased a 20% stake in the Spanish soccer club Atlético Madrid for $52 million, adding athletics to his already diversified portfolio of more than 200 luxury hotels, movie theaters, shopping malls, and karaoke bars across China. Later this year he continued his investments in the global sports industry by purchasing the World Triathlon Corporation, parent company of the iconic Ironman triathlon, for $650 million.
28. Tim Cook
28. Tim Cook
REUTERS/Mike Blake
Title: CEO of Apple

Country: United States

Age: 54

Tim Cook runs the most valuable company on the planet in Apple, which is worth $645 billion. Under Cook’s continued direction as CEO, 2015 has been one of the company’s best years yet.

Chief among Cook’s 2015 successes has been the launch of Apple Music, the company’s music-streaming service. The service went live in June and as of October counted 6.5 million paid subscribers and another 8.5 million people using the free trial service. And the iPhone is more popular than ever. At the company’s annual fall event, Cook unveiled the iPhone 6s and iPhone 6S Plus, which sold 13 million in the first weekend, shattering previous records. Lately, Cook has been alluding to a forthcoming “massive change in the auto industry,” sparking rumors that an Apple Car is on the horizon.

Cook was presented with the Human Rights Campaign Visibility Award this year where he spoke about his deeply personal decision to come out as gay: “I wanted to lend my voice to people who might not be ready to exercise theirs,” he said.

27. Amancio Ortega
27. Amancio Ortega
Getty Images / Xurxo Lobato
Title: Founder of Inditex

Country: Spain

Age: 79

Billionaire Amancio Ortega may keep a low profile, but his control of the Spanish fashion behemoth Inditex makes him one of Europe’s most powerful business executives. He is also the second-richest man in the world, with a net worth that exceeds $73 billion, and by some estimates he even surpassed Bill Gates as the richest person in the world earlier this year.

His surge in wealth is directly tied to Inditex’s rapid growth. The company reported a sharp rise in sales and profits and nearly 100 new stores in September, hitting a $100 billion valuation. The company now has nearly 6,800 stores worldwide. The secret to this success is the fast-fashion giant Zara, the company’s biggest brand. The chain is changing the landscape of retail as its chic yet affordable designs continue to appeal to demanding customers who constantly crave new styles at low prices.
26. Rob and Jim Walton
26. Rob and Jim Walton
AP Photo/April L. Brown
Titles: Board members and controlling shareholders of Walmart

Country: United States

Ages: 71 (Rob) and 67 (Jim)

Rob and Jim Walton control perhaps the most powerful company on earth in the mega-retailer Walmart, which employs 2.2 million people in 28 countries and generates annual revenues of $486 billion. Combined, the Walton brothers’ fortunes are worth more than $60 billion.

Their father, founder Sam Walton, warned his children not to sell their stakes and to keep the company under family control, writing in his book, “If you start any of that foolishness, I’ll come back and haunt you.” Sam and Rob have heeded his wishes. While neither manages day-to-day operations, both sit on the board, and the company remains majority-owned by the Walton family.

Rob stepped down as chairman of the company in June 2015 after 23 years on the job, and his son-in-law Gregory Penner succeeded him. The company, long maligned for its low pay, announced in February 2015 it would increase wages for 500,000 US employees.

25. Carlos Slim Helú
25. Carlos Slim Helú
UN Geneva/ Flickr
Title: Founder of América Móvil and Grupo Carso

Country: Mexico

Age: 75

The richest man in Mexico, Carlos Slim Helú owns more than 200 companies in his home country — a conglomerate known as Slimlandia. He’s also one of the wealthiest self-made people in the world, with a net worth of at least $27 billion.

His interests lie in the financial, industrial, telecommunications, and media sectors, and he invested $4 billion in 2015 to further expand his empire in Mexico. A savvy investor, Slim Helú bought a 6.4% stake in the New York Times for $127 million in 2008 after the stock had cratered, making him the largest shareholder. He has since increased his ownership to 17%, a stake worth $365 million thanks to The Times’ resurgence.
24. Mario Draghi
24. Mario Draghi
AP Images
Title: President of the European Central Bank

Country: Italy

Age: 67

As president of the European Central Bank since 2011, Mario Draghi has made major strides toward lifting the 19-country eurozone out of its recession. This year he launched a massive stimulus program to purchase $64.2 billion a month in government bonds from eurozone countries — a strategy he says will continue at least through September 2016.

With the value of the euro continuing to decrease, Draghi said last month that the ECB planned to reevaluate the program before the end of the year, signaling that more quantitative easing — the controversial monetary policy in which central banks increase the money supply to encourage lending and stimulate the economy — could be in the future.

Draghi, a Goldman Sachs vet and former governor of the Bank of Italy, has also played a key role in preventing a widespread financial crisis stemming from Greece’s ailing economy, which has continued to teeter on the brink of insolvency despite three bailouts in five years from the ECB, the IMF, and the European Commission. The latest debt-relief package, approved in August and worth $95 billion, helped prevent Greece from exiting the Eurozone.

23. Jack Ma
23. Jack Ma
REUTERS/Lucy Nicholson
Title: Founder and CEO of Alibaba

Country: China

Age: 51

The second-richest person in China, Alibaba founder and CEO Jack Ma broke records with the e-commerce company’s $25 billion initial public offering in 2014 — the world’s largest ever. Post-IPO, however, Alibaba’s good fortune began to slip. The company’s shares dropped throughout 2015 and were down 25% through November, most likely in part because of China’s slowing economy and concerns over counterfeiters using the company’s platform.

Ma, who has a net worth of more than $25.6 billion, isn’t worried, though. Alibaba remains dominant in one of the world’s biggest markets, and he says the West’s concern over China’s economic slowdown is an “overreaction.” In fact, Ma believes China is in the midst of an economic transition — one Alibaba will no doubt help facilitate — and will come out stronger.
22. Li Ka-shing
22. Li Ka-shing
Title: Chairman of CK Hutchison Holdings

Country: China

Age: 87

Despite humble beginnings, business magnate Li Ka-shing has become the wealthiest man in Hong Kong, with a net worth estimated at more than $21 billion. After his father died of tuberculosis, Li dropped out of school at age 16 to support his family, working in a factory making plastic flowers. Six years later he opened his own factory, the predecessor to what’s known today as CK Hutchison Holdings, a vast business empire with interests in real estate, manufacturing, energy, telecommunications, and technology. A savvy investor, Li with his venture-capital fund Horizon Ventures has backed companies like Facebook, Skype, Spotify, and the egg-replacement food startup Hampton Creek.

This year Li reorganized his business affairs under two new listed companies, one entity for property holdings and another for all other global assets. The move is most likely in preparation to hand over control of his empire to his son, but the 87-year-old doesn’t have any plans of slowing down quite yet.

21. Sergey Brin
21. Sergey Brin
Steve Jennings / Getty Images
Title: Cofounder, president of Alphabet

Country: US

Age: 42

Along with fellow cofounder Larry Page, Sergey Brin helped orchestrate Google’s massive restructuring, announced in August. The move made Google a subsidiary of a new holding company called Alphabet, run by Brin as president and Page as CEO. All of Google’s other ventures, such as Nest and Google X, are now separate companies under the Alphabet umbrella as well. The tech conglomerate generated $66 billion in sales in 2014.

The restructuring frees the founding duo from the nitty-gritty details of running the massive company, instead allowing them to focus on exploring inventive new “moon shot” projects and ideas. With top talent and an abundance of resources at their disposal, the company has already made automated homes and self-driving cars a reality.

Brin, who emigrated from Moscow to the US as a child, connected with Page in 1995 at Stanford, where they were each pursuing a Ph.D. They founded Google three years later, and today Brin and Page have personal fortunes of $38 billion and $42 billion today, respectively.
20. Jamie Dimon
20. Jamie Dimon
Justin Sullivan/Getty
Title: Chairman, CEO of JPMorgan Chase

Country: US

Age: 59

For a decade now Dimon has helmed JPMorgan Chase, the largest commercial bank in the US with $2.6 trillion in assets, and during his tenure he’s become one of the most respected voices in finance. His performance has also made him one of the few bank CEOs to become a billionaire.

Dimon attained Wall Street rock-star status after the financial crisis. No major bank weathered the collapse as well as JPMorgan did under Dimon’s guidance, earning him praise for the company’s “fortress balance sheet” and ability to make a profit amid the downturn. But his reputation took a hit in 2012 with the more than $6 billion loss incurred by the London Whale trading scandal, which resulted in stiff fines and a slew of lawsuits, some still ongoing. JPMorgan remains exceptionally profitable though, reporting record earnings of $21.8 billion in 2014.

He has recovered from a recent bout with throat cancer, and he said in September he’s not planning on retiring anytime soon.

19. Larry Fink
19. Larry Fink
Mark Lennihan/AP
Title: Founder, CEO of BlackRock

Country: US

Age: 63

Few have more responsibility for the US’s economic well-being than Fink — CEO of BlackRock — the world’s largest asset-management firm.

After rising to prominence and then flaming out on Wall Street — he was forced out at investment bank First Boston after losing $100 million on a poor interest-rate bet — he started BlackRock in 1988. It quickly grew into one of the largest money managers in the country.

Fink is well regarded as a master of risk analysis and one of the savviest leaders in finance. His prowess and the company’s state-of-the-art risk-management system (dubbed “Aladdin”) made BlackRock a go-to adviser for sorting out toxic assets during the financial crisis, both to top banks and the US government. Today he’s trusted with overseeing $4.5 trillion in assets, a large chunk of it comprised of the hard-earned dollars from the average US citizen’s pension or retirement account. Fink is a popular and often speculated potential candidate for US Treasury secretary.
18. Mark Zuckerberg
18. Mark Zuckerberg
Justin Sullivan/Getty
Title: Founder and CEO of Facebook

Country: US

Age: 31

The leader of the world’s largest social network had a prosperous year. In May, Facebook-owned virtual-reality company Oculus VR made a buzzworthy announcement: It will finally sell its first consumer headset, Oculus Rift, starting early next year. A few months later, Facebook announced for the first time that its site had a billion users in a single day and 8 billion daily video views, double the number it reported in April. The company’s stock is up about 40% through November 2015, and as a result Mark Zuckerberg’s net worth has soared to $47.6 billion.

The Facebook founder also continues to invest hundreds of millions of his personal wealth in education, mainly through Startup:Education, a nonprofit he and his wife, Priscilla, founded in 2010 to improve schools in the Bay Area, and AltSchool, a company that promotes personalized education. He also gave $100 million to Newark, New Jersey’s public schools, with disappointing results. After revealing in a July Facebook post that the couple is expecting their first child, they’ve announced plans to open a K-12 school in Palo Alto by next year that provides both education and health care to low-income families.

17. Larry Page
17. Larry Page
AP Photo/Seth Wenig
Title: Cofounder, CEO of Alphabet

Country: US

Age: 42

Larry Page made some major moves this year, starting with a massive overhaul of Google’s business structure in August. He announced via press release that Google would become a subsidiary of new holding company Alphabet, which would oversee all of Google’s ventures, such as Nest, Calico, and Google X, as standalone entities.

Previously the chief executive of Google, Page moved up to helm Alphabet as CEO, leaving company veteran Sundar Pichai in his spot. The change became official in October, and Page even dropped Google’s famous “don’t be evil” slogan from the new company.

Page cofounded Google with Sergey Brin, who will help run Alphabet as president, in 1998, and they’ve earned fortunes of $42 billion and $38 billion today, respectively. The pair grew the company from a Ph.D project at Stanford into one of the biggest and farthest-reaching tech companies in the world. In addition to its ubiquitous search engine, the company has its hands in everything from home automation and self-driving cars to prolonging human life.
16. Jeff Bezos
16. Jeff Bezos
Spencer Platt/Getty Images
Title: CEO, Amazon.com

Country: US

Age: 51

Amazon.com is an undeniable superpower in e-commerce. The company, which generates $89 billion in sales but has often failed to turn a net profit, surprised investors in July by reporting quarterly earnings of $92 million, handily beating analyst expectations. Amazon stock shot up, making founder and CEO Jeff Bezos worth an estimated $55 billion. Despite negative media reports in August claiming Amazon’s warehouses are high-pressure, toxic work environments — claims Bezos disputed — the company has continued to thrive.

This year, Bezos led the growth of Amazon Web Services, the company’s cloud-computing branch, announced a plan for high-speed package delivery via drones, and opened Amazon’s first brick-and-mortar bookstore in Seattle.

Bezos’ privately owned space company Blue Origin successfully launched its first spacecraft this year and has plans to test rocket engines and launch manned rockets within the next decade.

15. Abigail Johnson
15. Abigail Johnson
REUTERS/Brian Snyder
Title: CEO of Fidelity

Country: US

Age: 53

In late 2014, Abigail Johnson succeeded her father Edward as CEO of Fidelity, the second-largest mutual fund company in the US, which manages more than $2 trillion in assets. Johnson keeps a low profile, but it’s no secret she was groomed to take over the company from an early age. She started working at the firm in high school, and officially joined Fidelity as an analyst in 1988. Since 2012, Johnson had served as president.

Johnson wasn’t slow to wield her power and effect change after assuming the top role last year, quickly moving to cut costs and fire ineffective managers. She’s no stranger to power plays, reportedly maneuvering to oust her father in 2004 over a disagreement in vision (the effort failed, and Edward remains the chairman of the company).

Not only is the new Fidelity CEO responsible for millions of Americans’ retirement accounts, but through her roughly 24% stake in the company, Johnson holds a personal fortune of $18.5 billion, making her one of the wealthiest women in the world.
SEE ALSO: The 50 most powerful companies in America
SEE ALSO: The 25 richest self-made billionaires
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1823 Newton St. NW, Washington DC, 20010

New Penthouse Listing! Old-World charm prevalent in the 1925 brick exterior of this 10-unit, converted condo building. Two-level, 1350sqft condo feels like a house, awash with light from two north-facing balconies that offer views of Rock Creek Park and a glimpse of the Ntnl Cathedral. 2BR/2BA, loft and laundry upstairs. Open Main Level, Community Garden, Pet Friendly, 1mi Metro, Two-Car Parking.

Two bedrooms, two bathrooms, loft and laundry upstairs and open main level with large powder room and coat closet.  Well-proportioned kitchen with modern appliances and handsome wood cabinets, leads to an enormous living room with dining area and private deck.  (click the photos for virtual tour)

Historic Facade
Historic Facade

1823_Newton_Street.MountPleasant.BeasleyRealEstate_LukeMcKinleyBuchanan_Beasley_Luke_McKinley_Buchanan_RealEstate_WashingtonDC.lrcouch 1823_Newton_Street.MountPleasant.BeasleyRealEstate_LukeMcKinleyBuchanan_Beasley_Luke_McKinley_Buchanan_RealEstate_WashingtonDC.mbr2 1823_Newton_Street.MountPleasant.BeasleyRealEstate_LukeMcKinleyBuchanan_Beasley_Luke_McKinley_Buchanan_RealEstate_WashingtonDC.shower 1823_Newton_Street.MountPleasant.BeasleyRealEstate_LukeMcKinleyBuchanan_Beasley_Luke_McKinley_Buchanan_RealEstate_WashingtonDC.dine 1823_Newton_Street.MountPleasant.BeasleyRealEstate_LukeMcKinleyBuchanan_Beasley_Luke_McKinley_Buchanan_RealEstate_WashingtonDC.kitchenview 1823_Newton_Street.MountPleasant.BeasleyRealEstate_LukeMcKinleyBuchanan_Beasley_Luke_McKinley_Buchanan_RealEstate_WashingtonDC.parking

“Fringe Area” of Shaw / Bloomingdale

Emmy award for “Hottest 2015 Neighborhood in DC” goes to Shaw, runner-up Bloomingdale!!!

Tons of promise that the DC market isn’t entirely saturated, and offers proof that buying a three bedroom 1500sqft+ townhome in the City, between $600-$750 thousand, is still possible.

This polygram shows sales activity along the New Jersey Avenue border of the contesting neighborhoods, courtesy of Homesnap, the first Geo-Based Mobile App in real estate.



Shaw : Bloomingdale.LukeBuchanan.Luke.McKinley.Buchanan.Beasley.RealEstate.WashingtonDC.www.lukebuchanan.com

DC Real Estate – Off Market Listings

Piggy-backing on the Urban Turf article from June 23rd, Hillary Kelly with “Washingtonian” recently reported that average days on market has dropped to 9 days!  She titled her article “They are Basically No Homes To Buy in Washington Right Now.”  Interpret this headline loosely, as there are 428 single-family homes on the market, factor in 500+ condos and the 105 coops, puts you at 1000+ active listing in Washington D.C.

Put yourself in a position to react quickly and present a strong feasible offer.  Work with an agent who keeps up with market, knows the neighborhoods and knows these listing.

Online house hunting has advanced tremendously over the years.  Sites like http://www.Apartments.com, http://www.HomeFinder.com and Zillow have become popular destination for those beginning.  Although convenient and free, it is not always the best solutions, partly because the data isn’t always accurate. Talk to a realtor, it’s easier that way.

Below is article

There Are Basically No Homes To Buy in Washington Right Now

Because they’re all being snapped up too quickly.
By Hillary Kelly | July 21, 2015


Photo by Todd Martin on Flickr.

On Monday, Urban Turf reported that Washington’s shortage of available homes on the market has now continued for a shocking six years. As they explained, “The benchmark of a balanced housing market is usually a six-month supply of homes on the market. The inventory of active listings for sale in the District has been below the six-month level since July 2009.” In other words, there have been too few homes on the market to meet demand since the second year of the Great Recession. And it’s getting worse.


They went on to explain that the shortage has depleted from approximately a five-month supply in 2010 and 2011, to a less than two-month supply in early 2015.

Chart via UrbanTurf.com
But the problem isn’t a substantial decline in the number of homes coming onto the market. Instead, it’s that demand in the District has soared so high that buyers are snapping up properties in shorter and shorter periods of time, reducing the number of available homes. As Urban Turf noted, “June marked the 18th month in a row that housing inventories rose in the area, and new listings were at the highest level for June since 2007.” Real Estate Business Intelligence, which supplied the data, reports that homes for sale in DC are on the market for a median of just nine days, and that the median price of homes sold has grown by 5.8 percent in the past year, from $520,000 to $550,000.

The lesson? You’ll need to be fast and flexible. It’s more crucial than ever to know what homes are being listed and to immediately place a bid if your dream house pops up on the market. Want to wait a week to think it over? You may be out of luck.



Yesterday, MRP Realty disclosed plans for one D.C.’s largest residential developments near the Rhode Island Avenue Metro stop, in Brentwood. Construction begins in November. The plans call for 1,500 units, 1.56 million square feet of residential zoning, eight percent allocated to affordable housing, with retail ground floors

Will these plans bring a swoon of investors?  Can this revitalize the neighborhood?  Washingtonians’ constantly buzz over which is the “up-and-coming neighborhood” – is this it?

Rhode Island Metro Development




Same-Sex Marriage Is a Right, Supreme Court Rules, 5-4

#BreakingNews delivered by New York Times journalist, Adam Liptak.  This long disputed debate highlights the importance of freedom of speech, no doubt the many citizen rallies helped broadcast public sentiment.  Public opinion proved to be a compelling factor for the courts ruling, indicating that most Americans approve of same-sex marriage and it is, in fact, protected by the constitution.

Article below with link.


Supporters of same-sex marriage gathered outside the Supreme Court on Friday. CreditDoug Mills/The New York Times

WASHINGTON — In a long-sought victory for the gay rights movement, the Supreme Court ruled on Friday that the Constitution guarantees a nationwide right to same-sex marriage.

Justice Anthony M. Kennedy wrote the majority opinion in the 5 to 4 decision. He was joined by the court’s four more liberal justices.

The decision, the culmination of decades of litigation and activism, came against the backdrop of fast-moving changes in public opinion, with polls indicating that most Americans now approve of same-sex marriage.

As in earlier civil rights cases, the Supreme Court had moved cautiously and methodically, laying careful judicial groundwork for a transformative decision.

As late as October, the justices ducked the issue, refusing to hear appealsfrom rulings allowing same-sex marriage in five states. That decision delivered a tacit victory for gay rights, immediately expanding the number of states with same-sex marriage to 24, along with the District of Columbia, up from 19.

Largely as a consequence of the Supreme Court’s decision not to act, the number of states allowing same-sex marriage has since grown to 36, and more than 70 percent of Americans live in places where gay couples can marry.

The court did not agree to resolve the issue for the rest of the nation until January, in cases filed by gay and lesbian couples in Kentucky, Michigan, Ohio and Tennessee. The court heard extended arguments in April, and the justices seemed sharply divided over what the Constitution has to say about same-sex marriage.

Lawyers for the plaintiffs said their clients had a fundamental right to marry and to equal protection, adding that the bans they challenged demeaned their dignity, imposed countless practical difficulties and inflicted particular harm on their children.

The Obama administration, which had gradually come to embrace the cause of same-sex marriage, was unequivocal in urging the justices to rule for the plaintiffs.

“Gay and lesbian people are equal,” Solicitor General Donald B. Verrilli Jr. said. “They deserve equal protection of the laws, and they deserve it now.”

Continue reading the main story
Same-Sex Marriage
The court decided in Obergefell v. Hodges and three related cases that the Constitution guarantees a right to same-sex marriage. Full analysis »
• Same-sex couples can marry in three dozen states, but federal appeals courts have been divided over whether states must allow same-sex couples to marry and recognize such marriages performed elsewhere.

Lawyers for the four states said their bans were justified by tradition and the distinctive characteristics of opposite-sex unions. They added that the question should be resolved democratically, at the polls and in state legislatures, rather than by judges.

Continue reading the main story


Highlights from the Supreme Court Decision on Same-Sex Marriage

The Supreme Court ruled that the Constitution guarantees a nationwide right to same-sex marriage.


The Supreme Court had once before agreed to hear a case arising from a constitutional challenge to a same-sex marriage ban, California’sProposition 8, in 2012 in Hollingsworth v. Perry. At the time, nine states and the District of Columbia allowed same-sex couples to marry.

Continue reading the main story

Latest Updates

The Times will provide updates and analysis on the same-sex marriage case along with reporting on the other significant cases of the term.

But when the court’s ruling arrived in June 2013, the justices ducked, with a majority saying the case was not properly before them, and none of them expressing a view on the ultimate question of whether the Constitution requires states to allow same-sex marriage.

A second decision the same day, in United States v. Windsor, provided the movement for same-sex marriage with what turned out to be a powerful tailwind. The decision struck down the part of the Defense of Marriage Act that barred federal benefits for same-sex couples married in states that allowed such unions.

The Windsor decision was based partly on federalism grounds, with Justice Anthony M. Kennedy’s majority opinion stressing that state decisions on how to treat marriages deserved respect. But lower courts focused on other parts of his opinion, ones that emphasized the dignity of gay relationships and the harm that families of gay couples suffered from bans on same-sex marriage.

In a remarkable and largely unbroken line of more than 40 decisions, state and federal courts relied on the Windsor decision to rule in favor of same-sex marriage.