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RE/MAX May 2016 National Housing Report

by The Russo Team

RE/MAX May 2016 National Housing Report 

The 2016 home-buying season is just beginning and the real estate market is already off to a good start! April sales saw a 7.5 percent increase over March and a 3.2 percent rise over April last year according to the RE/MAX May 2016 National Housing Report. The Median Sales Price in April was $215,000, which was 5.4 percent higher than one year ago.

The inventory of homes for sale remains very tight in many markets across the country, with the April inventory 15.2 percent lower than April 2015. At the rate of home sales in April, the national Months Supply of Inventory was 3.2, down from 3.7 in March. While inventory remains much lower than last year, there are signs of stabilization month-to-month. Based on the rate of home sales in April, the Month’s Supply of Inventory was 3.2, which is nearly identical to last month and last year, 3.7 and 3.6 respectively.
 
“Even though inventory remained tight, April still saw a demand for homes at a level higher than one year ago. Homebuyers realize that interest rates are historically low and mortgage accessibility appears to be improving along with the overall economy. Price increases make it possible for homeowners to feel comfortable selling, but they aren’t at a level that keeps first-time buyers out of the market,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder.
 
Click here to download a copy of the RE/MAX May 2016 National Housing Report. If you’re ready to buy a Phoenix home or sell your Arizona home, contact the Russo Team today and receive a complimentary analysis of your home’s approximate present value on the market today. Your complete satisfaction with our service and representation is always our number one priority! -Frank

Frank Russo
The Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200

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The Russo Team AZ Real Estate Newsletter May 2016

by The Russo Team

Please click below for the Russo team AZ Real Estate Newsletter for May 2016!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

http://www.russoteam.com/agent_files/5253_Russo_AzRealEstateNews_NL_May16_4pg.pdf

Frank Russo

The Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Join us on Facebook and Twitter

Cinco de Mayo Downtown Phoenix Festival

by The Russo Team

Cinco de Mayo Downtown Phoenix Festival

Happy Cinco de Mayo! For those who don’t know, Cinco de Mayo celebrates the triumph of the Mexican army at the Battle of Puebla on May 5, 1862. Though many associate Cinco de Mayo with Mexican Independence Day, this victory occurred over fifty years after Mexico's Independence Day, which is celebrated on September 16th. So now that you know a little bit of history, it’s time to celebrate at the Cinco de Mayo Downtown Phoenix Festival!

The 23rd Annual Cinco de Mayo Phoenix Festival begins this Saturday, May 7th from 2:00 pm to 10:00 pm and Sunday, May 8th from 2:00 pm to 10:00 pm and takes place between the skyscrapers in downtown Phoenix at 200 West Washington Street, Phoenix, AZ. The Cinco de Mayo Phoenix Festival is one of the largest multicultural festivals in Arizona. This two day street festival provides attendees with non-stop fun, music, games, and giveaways. The event also includes live music including Platinum Artists, scholarship giveaway, lucha libre, ballet folklorico, and kid’s zone with interactive rides and games. There will also be traditional food and drinks as well as prizes and much, much more. For more information or to purchase tickets, click here.

For more fun things to do in downtown Phoenix or if you’re looking for more information about buying a home in the Signs of downtown Phoenix area, please contact the Russo Team today.–Frank

Frank Russo

The Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Free Haircut on National Star Wars Day

by The Russo Team

Free Haircut on National Star Wars Day

For those who don’t know, Wednesday, May 4th is the unofficial National Star Wars Day. Just say it aloud and you’ll understand why: May the 4th… be with you. So if any of you men or the men in your family needs a haircut, May 4th is the time to do it. Because men can get a free hair cut on National Star Wars Day thanks to Keep It Cut in downtown Phoenix located at 2824 E. Indian School Rd., Ste 3 Phoenix, AZ.

The owners of local salon, Keep It Cut, are die-hard Star Wars fans and in honor of this big day will be offering free haircuts for fans who come in showing their Star Wars devotion. Participants can wear their favorite Star Wars t-shirt or even their favorite Star Wars costume. Don’t have a costume? Participants can brandish their child’s toy light saber or bring in some Star Wars memorabilia inspired by the film. The only things guests can’t bring are the movies themselves. Get creative and have fun with it!

Keep It Cut is a local men’s salon started by two ASU grads who wanted to keep their hairstyles fresh without spending a lot of money. Keep It Cut has salons in Phoenix, Ahwatukee, and Tempe and are members of the organization Local First Arizona. Visit keepitcut.com for hours and location information.

For more fun things to do in downtown Phoenix or if you’re looking for more information about buying a home in the Signs of downtown Phoenix area, please contact the Russo Team today. May the 4th be with you! –Frank

Frank Russo

The Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Keep Phoenix Beautiful this Earth Day

by The Russo Team

Keep Phoenix Beautiful this Earth Day

Each year, Earth Day—April 22—marks the anniversary of the birth of the modern environmental movement in 1970. The movement helped make environmental concerns more of a priority after founder Gaylord Nelson, a U.S. Senator from Wisconsin at the time, realized he could awaken an emerging public consciousness about air and water pollution, which would force environmental protection onto the national political agenda. Since its birth, Earth Day is the largest secular observance in the world, celebrated by more than a billion people every year, and a day of action that changes human behavior and provokes policy changes.

So if you want to celebrate Earth Day 2016 and keep the spirit of environmental consciousness alive, you’ll definitely want to celebrate with Keep Phoenix Beautiful this Earth Day. On Saturday, April 23rd from 11am to 4pm, PXH Renews at 4221 N. Central Ave., Phoenix helps celebrate Earth Day with exhibitors, mini eco-classes and more! This is a zero-waste event meaning all waste will be recyclable or compostable. There will be limited parking at Steele Indian School Park, so alternative modes of transportation such as light rail or biking are recommended and encouraged. This downtown Phoenix event is free and open to the public.

Keep Phoenix Beautiful is an affiliate of Keep America Beautiful and a non-profit 501 (c) 3 organization (formerly known as Phoenix Clean and Beautiful). They have been working in Phoenix since 1982 to promote the preservation and protection of our environment. Keep Phoenix Beautiful dedicates its efforts to recycling initiatives and education, litter reduction, beautification, and community improvement activities. To learn more, visit earthdayphoenix.org.

Today, the fight for a clean environment continues with increasing urgency, as the ravages of climate change become more manifest every day. But we can all make a difference and an impact in our community. For more downtown phoenix events or if you’d like to buy a home in Signs of Downtown Phoenix area, please contact the Russo Team. –Frank

Frank Russo

The Russo Team

RE/MAX Professionals

www.RussoTeam.com
602-864-1200

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The Russo Team AZ Real Estate Newsletter April 2016

by The Russo Team

The Russo Team AZ Real Estate Newsletter April 2016

Please click the link below to enjoy The Russo Team AZ Real Estate Newsletter for April 2016.

http://www.russoteam.com/agent_files/Monthly%20Newsletters/5202_Russo_AzRealEstateNews_NL_Apr16_4pg.pdf

Frank Russo

The Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

April 2016 Phoenix Area Real Estate Market Update

by The Russo Team

April 2016 Phoenix Area Real Estate Market Update

Prices continue to hold steady in the Phoenix real estate market, and the number of days on the market continue to decrease. Now is a great time to buy or sell! Please enjoy the Russo Team video below and subscribe to the Russo Team YouTube Channel for Phoenix real estate market updates at a glance.

Whether you are considering buying a home, selling a home, or both, we know this area inside and out. The Russo Team serves the entire Greater Phoenix, Arizona real estate market including the surrounding communities such as Avondale, Chandler, Gilbert, Glendale, Guadalupe, Mesa, Peoria, Scottsdale, Sun City, Surprise, Tempe and Tolleson. Contact the Russo Team today and receive a complimentary analysis of your home’s approximate present value on the market today. Your complete satisfaction with our service and representation is always our number one priority! -Frank

Frank Russo

The Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Join us on Facebook and Twitter

Real estate market marching into spring with increased home sales

by The Russo Team

Real estate market marching into spring with increased home sales

The real estate market is marching into spring with increased home sales according to the March RE/MAX National Housing Report. February sales saw a jump from both January and last February. Over the last twelve months, the average year-over-year increase in home sales has been 5.8 percent. The Median Sales Price of all homes sold in February was $198,000 or 5.9 percent higher than the price this time last year.

“So far in 2016, January and February have both seen home sales at a pace higher than one year ago, and last year was one of the best our industry has seen in quite some time. Consumers are benefiting from price increases that have been moderating, but many will still be dealing with an inventory lower than we’d like to see. Serious homebuyers who choose to work with an experienced agent will have a much easier time navigating this market,” - Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder.

The inventory of homes for sale remains very tight in many markets across the country, with February seeing a level that is 13.3 percent lower than a year ago. At the rate of home sales in February, the national Month’s Supply of inventory was 4.0, down from 4.7 in February 2015. “A lack of inventory continues to affect home values, as eager buyers compete for a small selection of homes,” adds Bob Walters, Quicken Loans, Chief Economist. “We’re seeing the benefits of this virtuous cycle in rising home prices, which are also being greatly aided by historically low mortgage rates.”

Although price increases have been moderating over the last few months, low inventory supply continues to be the most significant factor pressuring prices. Among the fifty-three metro areas surveyed in February, forty-five reported higher prices than last year. Also the average Days on Market for all homes sold in February was seventy-six, up five days from the average in January. Click here to download a copy of the RE/MAX March 2016 National Housing Report.

If you’re ready to buy a Phoenix home or sell your Arizona home, contact the Russo Team today and receive a complimentary analysis of your home’s approximate present value on the market today. Your complete satisfaction with our service and representation is always our number one priority! -Frank

Frank Russo

The Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

Enjoy Easter at Encanto Park

by The Russo Team

Enjoy Easter at Encanto Park

Easter is this Sunday, March 27th and it’s time to hop to it! If you’re looking for a fun Easter egg hunt in Phoenix, then you’ll definitely want to enjoy Easter at Encanto Park. Bring your family to the Enchanted Island Amusement Park at Encanto Park located at 1202 W Encanto Blvd., Phoenix this Saturday, March 26th and Sunday, March 27th at 10:00 a.m. for a free Easter Egg Hunt.

All eggs are prize filled and there are also forty grand prize eggs for your little chickadees to discover. Best of all, the Easter Bunny will be available to take pictures from 9:00 a.m. to 3:00 p.m. so don’t forget your cameras or to charge your phone so you can snap pictures!  Please arrive early as all children must register and receive an age appropriate stamp. The egg hunts are divided by age groups so don’t forget your baskets. Please visit http://www.enchantedisland.com/ for an egg hunt by age schedule and for more details.

Want to know more about the local happenings and Easter events in Phoenix? Contact the Russo Team today. We not only have our finger on the pulse of fun things to do in the community but can also assist you with buying a home in Phoenix too! Have a safe and Happy Easter! –Frank

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

5 Fun St. Patrick’s Day Facts You Never Knew

by The Russo Team

5 Fun St. Patrick’s Day Facts You Never Knew

Top o’ the morning to ya! Most of us know we need to wear green today on this Irish Patron Day of Saint Patrick but do you know why? Here are 5 fun St. Patrick’s Day facts you never knew!

1.) True blue Irish fans should wear blue: Saint Patrick’s color of choice to don was always “Saint Patrick’s blue,” a light shade. In several artworks depicting the saint, he is shown wearing blue vestments. The color green only became associated with St. Patrick’s Day after it was linked to the Irish independence movement in the late 18th century. Some say the color green was also chosen because of the greenness of the Irish countryside. They don’t call it the “Emerald Isle” for nothing!

2.) Saint Patrick was not Irish: Not only was Saint Patrick not Irish, he wasn’t even from Ireland! Patrick's parents were Roman citizens living in modern-day England, or more precisely in Wales or Scotland.

3.) Cue the green beer: All of the St. Patrick’s Day celebrations around the globe are great news for brewers. A 2012 estimate pegged the total amount spent on beer for St. Patrick’s Day festivities at $245 million. Guess that makes March 18th International Hangover Day.

4.) Patrick was not his real name: You read that correctly! Saint Patrick was not even the patron Saint’s real name! His birth name was Maewyn Succat, but Ireland’s patron saint changed his name to Patricius after becoming a priest. So technically, we could all be celebrating Saint Maewyn’s Day!

5.) Four leaf clover fun: Four-leaf clovers, which are rare variations of the common three-leaved clover, were Celtic charms presumed to offer magical protection and ward off bad luck. But you’ll be searching for one for a long time because your odds of finding a lucky four-leaf clover are about 1 in 10,000.

We hope you enjoyed these 5 fun St. Patrick’s Day facts. Have a safe and Happy St. Patrick’s Day!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

Displaying blog entries 1-10 of 322

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