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August 2017 RE/MAX National Housing Report

by The Russo Team

August 2017 RE/MAX National Housing Report

While July home sales decreased slightly, homes sold at a faster rate than any month in nearly a decade, according to the August RE/MAX National Housing Report that analyzes housing data in fifty-four metro areas. July home sales declined 0.8 percent year-over-year, and the Median Sales Price of $239,950 – while slightly lower than June’s – was 7.4 percent higher year-over-year. Homes sold quickly in July, with an average forty-five Days on Market, a record low for the report.

Other notable numbers from this month’s RE/MAX National Housing Report include:

  • Sales increased in nineteen metro areas even as home sales declined 0.8 percent compared to July 2016.
  • The Median Sales Price of $239,950 was the highest for any July in the nine-year history of the report.
  • Inventory dropped 14.1 percent year-over-year, with forty-six metro areas seeing fewer homes for sale or remaining unchanged. Year-over-year, inventory has declined every month since November 2008.
  • Months Supply of Inventory hovered at 3.1 months, a new July low in the report. 

“After a jump in home sales in May and June, it’s not unusual to see a dip in sales in July,” said Adam Contos, RE/MAX Co-CEO. “This summertime slowdown is a national trend that we sometimes see this time of year, even though this month’s decrease was razor thin. Low inventory continues to constrain the market. Successful buyers will have to be prepped and ready to act fast to purchase listings that, on average, are selling in record time.”

Click here to download a copy of the August 2017 RE/MAX National Housing Report. Looking to sell your Phoenix home or buy a home in Phoenix? 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 Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com
602-864-1200

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Enjoy Free Summer Sundays at the Heard Museum

by The Russo Team

Enjoy Free Summer Sundays at the Heard Museum

Looking for something fun to do with the family next weekend? Escape the heat of summer and enjoy free Summer Sundays at the Heard Museum on Sunday, August 27th. This returning annual series allows participants to enjoy free performances, artist demonstrations, family activities and more, every fourth Sunday of the summer. And this is the last one of the season!

Free Summer Sundays at the Heard Museum is one of the most popular seasonal activities for Valley families. Whether you’ve been to the Heard Museum once, twice or dozens of times, there’s always something new to experience, especially on Free Summer Sundays! Each month brings new performances and artistic demonstrations, the latter of which gives everyone a shot at creating their own personal art.

As you’re touring the museum, be sure to check out the limited-time “Frida Kahlo and Diego Rivera” exhibit. On display now through August 20, 2017, the exhibit gives Phoenicians the unique and rare experience of seeing thirty of the couple’s most recognizable masterpieces all in one place. Admission to this exclusive exhibit is only $7, so don’t miss out on this once-in-a-lifetime opportunity!

Admission to the museum’s galleries is free all day from 11 am to 5pm so gather the whole family and come to the Heard Museum at 2301 North Central Avenue, Phoenix for cool fun that kids of all ages will enjoy. To learn more about Free Summer Sundays, including directions, hours and more, visit the Heard Museum online. For more fun things to do in downtown Phoenix, or if you’re looking to buy or sell your Phoenix home, please contact The Russo Team today!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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The Russo Team August 2017 Newsletter

by The Russo Team

Please enjoy The Russo Team August 2017 Newsletter and 2nd Quarter Market Update. 

See more here:  http://www.russoteam.com/agent_files/170801_RussoNewsletter_Aug17_4UP_v1.pdf

 

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Top 5 Back-to-School Safety Hacks

by The Russo Team

Top 5 Back-to-School Safety Hacks

There’s no denying that summer is drawing to a close and our Arizona students are quickly approaching the new school year. Keeping children safe is the top priority, especially for younger children and those heading to school for the first time. As the new school year begins there are a few things we can do as parents, caregivers and drivers to ensure kids have a great start and a safe experience. Here are some the top 5 back-to-school safety hacks to remember for the new Arizona school year!

1.) Make sure the child knows their phone number, address, how to get in touch with their parents at work, how to get in touch with another trusted adult and how to dial 9-1-1.

2.) Teach your children not to talk to strangers or accept rides from someone they don’t know.

3.) When dropping off students, don’t park alongside another parked vehicle; it blocks visibility for other children and vehicles.

4.) Don’t block crosswalks when stopped at red lights or while waiting to make a turn.

5.) If the yellow or red lights are flashing and the stop arm is extended on a school bus, traffic must stop on both sides of the street.

As your children return back to school this season, please keep these top 5 back to school safety hacks in mind and help keep your children safe. For more helpful back to school tips or if you’re looking to buy a Phoenix home in a great Arizona school district, please contact the Russo Team today!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Raising One Million Pennies for Month of Miracles

by The Russo Team

Raising One Million Pennies for Month of Miracles

Every minute, 62 children enter a Children’s Miracle Network Hospital for treatment; every 30 seconds, a RE/MAX agent helps someone find their perfect place. Since 1992, RE/MAX agents and brokers have invested in the well-being of their local communities by raising more than $150 million for 170 CMN Hospitals.

We are excited to announce that our offices will be participating in our third annual “Month of Miracles” throughout the month of August. This is a month-long fundraising event is designed to raise much-need money to support our local Phoenix Children’s Hospital as well as raise awareness in our community.

“Children’s hospitals depend on local donations — like those from RE/MAX agents participating in Miracle Home and Miracle Property programs — to provide the top-of-class care kids deserve,” said John Lauck, president and CEO of Children’s Miracle Network Hospitals. “On behalf of the millions of families impacted by RE/MAX donations, we appreciate each agent’s efforts and thank them for truly making miracles happen in their communities all year long.”


Each donation helps fund pediatric medical equipment, treatments, charitable care and other healthcare services for local CMN hospitals. As the contributions continue to grow, we are able to aid a larger number of sick and injured children – which is something we take great pride in being able to do for our community.

Please help us reach out goal of ONE MILLION PENNIES for the “Month of Miracles” in August, 2017. You can drop by any one of our five offices to participate in our fundraising efforts, or contact us and we will be happy to pick up your donation.

On behalf of all the kids at Phoenix Children’s Hospital, we thank you in advance for your support in helping us achieve this goal for our community!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com
602-864-1200

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July 2017 RE/MAX National Housing Report

by The Russo Team

July 2017 RE/MAX National Housing Report

Halfway through 2017, the U.S. housing market is on pace for another record year as four of the last six months have topped same month sales from 2016, according to the July 2017 RE/MAX National Housing Report. June home sales were 1.4 percent higher than June 2016, which was previously the month with the most home sales in the nine-year history of the report.

The combination of increased sales and a record low inventory that slipped further to 2.8 months resulted in higher sales prices. June’s median sales price of $245,000, up 7.5 percent over last June, also set a RE/MAX National Housing report record. In fact, prices increased in fifty of the report’s fifty-three markets. The average number of Days on Market dropped to a report-record low of forty-seven, while inventory dropped year-over-year in eighty-seven percent of the markets. The June 2017 average Days on Market was 47, the lowest Days on Market in the history of the report.

“Sellers continue to benefit from limited inventory, getting top-dollar for their homes, and as a result, overall sales are at a record high,” said Adam Contos, RE/MAX Co-CEO. “But buyers shouldn’t be discouraged. Mortgage rates are still relatively low and the market may be taking a positive turn, albeit subtle, as recent Labor Department data showed a decline in open construction jobs which could mean more workers focused on new home builds.”

Download a copy of the July 2017 RE/MAX National Housing Report here.

Looking to sell your Phoenix home or buy a home in Phoenix? 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 Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

The Russo Team July 2017 Newsletter

by The Russo Team

The Russo Team July 2017 Newsletter

Please enjoy The Russo Team July 2017 Newsletter below!

 http://www.russoteam.com/agent_files/170621_RussoNewsletter_July17_4UP_v1.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

4 Fab Fourth of July Facts You Never Knew

by The Russo Team

4 Fab Fourth of July Facts You Never Knew

The 4th of July is nearly here, and it’s time to celebrate Independence Day! But before you bring out the (legal) fireworks, fire up the grill, and partake in all the fun and festivities, be sure to take some time to remember why we celebrate this momentous day. To help you get in a celebratory patriotic spirit, here are 4 fun Fourth of July Facts you never knew!

1.) Thomas Jefferson was ahead of his time: Thomas Jefferson drafted the Declaration of Independence on a "laptop," which was a writing desk that could fit on one's lap.

2.) The Declaration of Independence isn’t just for Americans: Several countries have used the Declaration of Independence as a beacon in their own struggles for freedom. These countries include France, Greece, Poland, Russia, and many countries in South America.

3.) And neither are the fireworks: If you celebrate the Fourth of July outside the U.S., you still might see fireworks in Denmark, England, Norway, Portugal and Sweden. This is because thousands of people emigrated to the U.S. in the early 1900s. Some European celebrations on the Fourth take place near tourist destinations -- to attract U.S. travelers -- or near American military bases.

4.) Importing Independence Day: Believe it or not, 87.5 percent ($2.8 million) of imported U.S. flags and 97 percent ($190.7 million) of imported fireworks are from China.

Bonus fact: Due to concerns about cracking the iconic instrument, the Liberty Bell has not been rung since 1846. Instead, every year, to mark the Fourth of July, the 2,000-pound bell is tapped thirteen times to signal for bells across the country to start ringing.

I hope you enjoyed these 4 fun Fourth of July facts you never knew. The Russo Team wishes you and yours a safe and Happy Fourth of July weekend!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com
602-864-1200

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Join us on Facebook and Twitter

June 2017 RE/MAX National Housing Report

by The Russo Team

June 2017 RE/MAX National Housing Report

After a brief dip in April home sales, the U.S. housing market returned to seasonally high sales in May, increasing 20.6% from the previous month and 4.3 percent from May 2016, according to the RE/MAX National Housing Report. In fact, it was the strongest May in terms of home sales in the nine-year history of the report. In addition, the average number of Days on Market dropped to a record low of fifty-one, consistent with the Months Supply of Inventory shrinking to 2.6 months – both records for the report.

Other notable numbers:

  • Over two-thirds of the metro areas experienced an increase in transactions.
  • The May 2017 Median Sales Price of $232,500 was the second highest in the history of the report, only behind the August 2008 Media Sales Price of $236,062.
  • Decreasing 16.2 percent from May 2016, inventory continued to decline year-over-year. This is the 103rd consecutive month of year-over-year declines dating back to October 2008.
  • The U.S. continues to enjoy rising home values as fifty-two of the fifty-three metro areas experienced a price increase.

“In May, we saw an uptick of both loan applications and home sales, which is encouraging in terms of more people getting into the market for homes,” said Adam Contos, RE/MAX Co-CEO. “We don’t expect that the Federal Reserve’s announcement on Wednesday to raise interest rates a quarter of a point will greatly affect the market’s momentum. But housing demand only intensifies the tug-of-war with tight inventories driving prices up.”

Download a copy of the June 2017 RE/MAX National Housing Report here.

Looking to sell your Phoenix home or buy a home in Phoenix? Contact the RussoTeam 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 Russo
The Russo Team
RE/MAX Professionals

www.RussoTeam.com
602-864-1200

Search the MLS Now!
Join us on Facebook and Twitter

30 Things and Musings About Frank

by The Russo Team

30 Things and Musings About Frank

I have talked about this in the past, and I believe that one of the most important things we can do, prior to having any relationship, is to really get to know the people around. What does that mean? It means showing your vulnerability and that you are human. So here we go; my mask is off.

1) I don't like being alone for very long.

2) I am the worst person in the world to handle paperwork but, man, can I negotiate a real estate contract.

3) The tax code is way too complicated.

4) I always have trouble figuring out which stove burner to turn on when they have the little dots on the dial.

5) Buffet lines are way too slow. You already know whether or not you want beets on your salad. Why keep looking at them and playing with them. Move on.

6) I dress up for weddings and funerals; other than that, I always am casual.

7) I am extremely cynical about politics. I don't think many politicians have any of our best interest at heart, regardless of their party.

8) The older I get, the kinder I get.

9) My wife, Lori, is an amazing kind and caring woman. She takes such great care of me.

10) I have had an unusual obsession with music since I was about 14. I have tried to play instruments in the past but my mind doesn't work that way. I went to BB King's funeral, but I broke my code and dressed casual.

11) Other than sports, I don't watch any TV live. Everything is recorded or streamed so I can buzz thru the commercials. Lori like to watch Sister Wives, but I don't get it.

12) When I go to a concert and the lights go down and all you can see are the LED lights on equipment, I always get goosebumps.

13) I have had a crush on Marie Osmond for 40 years. I don't like the music though.

14) I have had a wind up watch with no band in my travel shave kit for 40 years. I don't throw it away. Why?

15) I have concert t-shirts that are more than 20 years old.

16) I saw Janis Joplin when I was 14 years old. I turned down going to see The Doors the same summer. I still regret that decision.

17) When I was young, I sent a note through the drive thru teller at a bank to ask a girl out. She said yes.

18) I never did like putting up the outside Christmas lights...so I don't anymore.

19) I was at game 7 of the World Series in 2001 with the Yankees vs. Diamondbacks with my daughter, Lianne.

20) I think my daughter Lianne might be one of the smartest people on the planet. Go figure, I can't read the stove.

21) I am one of those freaks that like the Phoenix summer. Living in Buffalo probably did that.

22) I am a huge fan of nature. The sky fascinates me. Stars, sunrises and sunsets...they're all magic. The best way to see the stars is in my hot tub in my backyard.

23) George Harrison was the most under-rated Beatle.

24) My Mom just turned 86 and is going strong. She loves her iPad, Facebook, and hanging with the girls.

25) I watch the Allistair Sims version of  A Christmas Carol every year on Christmas Eve without fail.

26) The best movie ever is Blade Runner, starring Harrison Ford. It's a love story.

27) I still listen to records.

28) Shannon Wellman and I have worked together for 21 years. She is the nicest person I know. 29) I am unusually good with numbers but can't spell to save my life.

30) The two best things to come out of the 80's were Guns N Roses and my daughter, Lianne.

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

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Join us on Facebook and Twitter

Displaying blog entries 1-10 of 387

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