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RE/MAX Professionals Celebrates August as the Month of Miracles

by The Russo Team

RE/MAX Professionals Celebrates August as the Month of Miracles 

Giving back is a priority in the RE/MAX culture. All over the world, RE/MAX agents make a difference in their communities - volunteering, donating money, contributing time and ultimately changing lives.

Children’s Miracle Network Hospitals (CMN Hospitals) raises funds and awareness for 170-member hospitals that provide 32 million treatments each year to kids across the U.S. and Canada. Donations stay local to fund critical treatments and healthcare services, pediatric medical equipment and charitable care.

We are excited to announce that our offices will be participating in our fourth 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.”

Last year our Month of Miracles event raised over $15,000 and our office made a total contribution to Phoenix Children’s Hospital of $44,160.20! We were recognized by RE/MAX LLC for being the highest contributing office in the Southwest Region (Arizona, Nevada and New Mexico) to the Children’s Miracle Network, and our local Phoenix Children's Hospital!

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, 2018. You can drop by any one of our four offices to participate in our fundraising efforts, or contact the Russo Team 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!

Sincerely,

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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The Russo Team August 2018 Newsletter

by The Russo Team

The Russo Team August 2018 Newsletter

Please click below to enjoy The Russo Team Newsletter for August 2018.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Click here to dowload a full copy of our August 2018 Newsletter. 

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Buying Vs. Renting

by The Russo Team

Buying Vs. Renting

Despite rising rental rates, buying a home still cost less than renting. Here’s why:   

Rental rates have been rising for the last few years and are continuing to increase across the country. These sharply rising rates are steadily making renting a more expensive option than buying a home. That’s why you’ll notice that monthly rental payment costs are trumping monthly mortgage costs.

Owning a home give buyers an advantage of cost saving tax breaks that renters do not have access to.  Home owners can deduct mortgage interest, property taxes, a percentage of energy efficient upgrades, and more.

According to the Rent vs. Buy Report from Trulia, buying costs less than renting in all 100 large U.S. metros. In fact, homeownership is thirty-eight percent cheaper than renting nationally according to Trulia Chief Economist, Jed Kolko. Low mortgage rates have made homeownership more affordable.

If you’re ready stop renting and buy a home in Phoenix, please contact The Russo Team today. We’ll help make your home buying experience the best it can be!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com
602-864-1200

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June 2018 RE/MAX National Housing Report

by The Russo Team

June 2018 RE/MAX National Housing Report

We’re already halfway through 2018 and the housing prices are at record highs, while inventory is at record lows and home sales are trailing 2017’s pace, according to the RE/MAX National Housing Report. June sales were 5.5 percent lower than June 2017 in the fifty-four metro areas surveyed, marking the seventh consecutive month of year-over-year declines.

Headed in the opposite direction, the June Median Sales Price of $258,500 was an all-time high in the nine-year history of the report. It was 5.1 percent higher than the $245,000 recorded last June, bringing the consecutive months of year-over-year price increases to 27. In each of the previous five years – going back to June 2013’s $193,750 – June has posted the highest Median Sales Price of the year.

Forty-two of the fifty-four metro areas reported a year-over-year drop in inventory. That years-long trend is reflected in Months Supply of Inventory dropping to 2.7 – down 8.8 percent year-over-year and the smallest figure ever recorded for June. Fewer houses for sale generally results in a faster process: Homes sold in June averaged just forty-two Days on Market – five days less than June 2017 and three days under the previous nine-year low of forty-five days.

“Year-over-year prices have been climbing for more than two years now, which is great news for homeowners and sellers,” said RE/MAX CEO Adam Contos. “In the hottest markets, demand is especially high because there simply aren’t that many homes for sale. The slower sales figures we’re seeing are tied to inventory more than anything else. Lack of inventory has become a theme for the year. Having fewer homes to choose from poses a challenge for buyers, who need to be ready to act decisively and quickly. Working with a full-time, professional RE/MAX agent can prepare them for that.”

Visit: https://rem.ax/2phKHWT to access the housing report infographic, or click here to download your copy of the June 2018 RE/MAX National Housing Report. Looking to sell your Phoenix home or buy a home in Phoenix this summer? 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

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Have You Explored the Roosevelt Row Arts District?

by The Russo Team

Have You Explored the Roosevelt Row Arts District?

Have you explored the Roosevelt Row Arts District? If you want to support local art and culture in the historical downtown Phoenix area, then you’ll definitely want to add that to your to-do list this summer. Also known as RoRo by the locals, the Roosevelt Row Arts District is a walkable, creative district in the urban core of downtown Phoenix that is nationally known for its arts and cultural events, award-winning restaurants, galleries, boutiques and live music. Roosevelt Row begins at 7th Avenue and extends east to 16th Street. On the north side it begins at Interstate 10 and extends south to Fillmore Street.

Once a run-down area filled with abandoned buildings and former crack houses, talented local artists begin utilizing the space for affordable studio and gallery space. And thanks to the arts becoming a major factor in the revitalization of the area, the Roosevelt Row Arts District has since re-emerged as one of the most dynamic areas in downtown Phoenix.

This fantastic district is fostering an urban renewal with rehabilitated bungalows and new infill projects, and connects downtown Phoenix to historic neighborhoods including F.Q. Story, Willow, Roosevelt, Historic Roosevelt and Grand Avenue just to name a few.

Even if you’ve been here before, there’s always a variety of activities, artists, and festivals to entertain even the most seasoned signs of downtown Phoenix visitors and natives. For more info and upcoming events happening in the Roosevelt Row Arts District, visit http://www.rooseveltrow.org. And for more local events happening in the signs of downtown Phoenix area, 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 Newsletter July 2018

by The Russo Team

The Russo Team Newsletter July 2018

Please enjoy The Russo Team Newsletter for July 2018.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See the full newsletter here: https://mailchi.mp/42115616a014/the-russo-team-july-2018-newsletter

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

 

4 Fun Phoenix Fourth of July Events to Enjoy!

by The Russo Team

4 Fun Phoenix Fourth of July Events to Enjoy!

Independence Day falls on a Wednesday this year, so there are many celebrations leading up to the holiday and on the holiday itself. Here's 4 fun Phoenix Fourth of July events to enjoy!

1.) After Dark In The Park: This free event features live entertainment, an inflatable fun zone, dinner from the local food truck row, and valuable information from community resource booths. The highlight of the evening is a spectacular fireworks display. For more information, call 602-495-3735 or click here

When: Saturday, June 30, 2018 from 6:30 p.m. to 9 p.m. with fireworks starting at 8:45 p.m.

Where: Deer Valley Park - 19602 N. 19th Ave in Phoenix

2.) Fabulous Phoenix 4th: The 33rd annual Fabulous Phoenix 4th will feature one of the largest fireworks displays in the Southwest. The free and non-alcoholic family event annually attracts 100,000-plus participants. Included in this year's event will be two stages featuring international recording artists, a variety of vendors offering festival-style food and beverage, arts and crafts, interactive exhibits and a classic car display. Youth activities, rides and inflatables, and a water spray zone will be part of Kids' World. For more information, click here, or call 602-534-3378.

When: Wednesday, July 4, 2018 from 6 p.m. to 10 p.m. with fireworks starting at 9:30 p.m. 

Where: Steele Indian School Park - 300 E. Indian School Rd in Phoenix

3.) Arizona Diamondbacks Fireworks Spectacular: The D-backs take on the Colorado Rockies Wednesday, July 4, 2018, at 7:10 p.m. Enjoy the baseball game inside air-conditioned Chase Field. Afterward, the retractable roof will open for a firework spectacular, set to patriotic music. Tickets are $19 at dbacks.com.

When:  Wednesday, July 4, 2018, at 7:10 p.m.

Where: Chase Field - 401 E Jefferson St in Phoenix

4.) 4th of Zoo-ly: The Phoenix Zoo will be serving up a classic summer BBQ and topping off the evening with a very special viewing of the Tempe Town Lake Fireworks Spectacular show at a "VIP" seating area in the back of the Zoo. There will be free carousel rides and free entrance to Stingray Bay along with some special animal viewing. Tickets are $45 for kids and adults age 13 and over, tickets for kids age 3-12 are $35 and kids 2 and under get in free. For more information, click here

When: Wednesday, July 4, 2018 from 7 p.m. to 10 p.m. with fireworks starting at 9 p.m.

Where: Phoenix Zoo455 N Galvin Pkwy in Phoenix

However you choose to celebrate Independence Day this year, The Russo Team hopes you have a safe and Happy 4th of July!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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May 2018 RE/MAX National Housing Report

by The Russo Team

May 2018 RE/MAX National Housing Report

Have you heard? Homes sold faster in May than at virtually any other time in the past decade, according to the latest RE/MAX National Housing Report. Low inventory and high demand in May cut Days on Market to 46, the second-lowest monthly number in the nearly 10-year history of the report.

May home sales topped April sales by 14.5 percent, and were down by 2.8 percent from May 2017. The median sales price of $251,673 was up 7.8%. To access the housing report infographic, visit: https://rem.ax/2phKHWT.  By comparison, homes averaged five more days on the market (51) in May 2017, 12 more days (58) in May 2016 and 18 more days (64) in 2015.

“Even with low inventory and the Federal Reserve raising interest rates, homes are going from ‘for sale’ to sold 28 percent faster than three years ago,” said RE/MAX CEO Adam Contos.

With eleven metro areas increasing the median sales price year-over-year by double digits, May is still a seller’s market, and homebuyers should expect to compete with other buyers when they are ready to make an offer on a home.

“Be prepared — that’s my message to potential homebuyers in this summer selling season,” added Contos. “Make sure you are pre-approved with a lender, try to make a clean offer with no contingencies and, if possible, consider offering favorable concessions to the seller such as a flexible closing date. Pairing today’s real estate technology with the guidance of a professional RE/MAX agent, can help you find the right home.”

 The average Days on Market for homes sold in May 2018 was 46, down six days from the average in April 2018, and down five days from the May 2017 average. The number of homes for sale in May 2018 was up 4 percent from April 2018, and down 9.5 percent from May 2017.

Based on the rate of home sales in May, the Months Supply of Inventory remained unchanged from April 2018 at 2.5, and slightly decreased compared to 2.6 in May 2017. A 6.0-months supply indicates a market balanced equally between buyers and sellers. In May 2018, all 54 metro areas surveyed reported a months supply at or less than 6.0, which is typically considered a seller’s market. For more information or to download a copy of the  May 2018 National Housing Report click here.

Looking to sell your Phoenix home or buy a home in Phoenix this summer? 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

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

3 Hacks to Lower Your A/C Bill This Summer

by The Russo Team

3 Hacks to Lower Your A/C Bill This Summer

Did you know that cooling accounts for forty percent of the energy consumption in the average Arizona home? It’s not uncommon to see bills ranging from $200 to $400 and up when the temperature starts creeping up on the thermometer. In summer energy demand can be higher with weather responsible for up to seventy percent of your electric bill according to Arizona Public Service (APS) department. Here are 3 hacks to lower your A/C bill this summer.

1.) Air Filters: Replace disposable air filters or clean permanent ones at least once a month. A dirty filter forces your equipment to work harder, causing higher energy bills. Replacing your air filter at least once a month helps to save energy and increase the life of your cooling system. Additionally, experts also suggest leaving most of the air vents open in your home. Closing air vents in more than ten percent of your total air conditioned space creates a pressure imbalance and reduces the effectiveness of your cooling system.

2.) Windows: Believe it or not, windows account for half of a home’s summer temperature increase. So first, be sure to check windows for any hot air leaking in and seal them with caulk or weather stripping. If you have curtains close them on windows that receive direct sunlight. Looking for more protection? Consider installing sunscreens on the exterior of windows that receive direct sunlight to block sun from reaching the glass. Sunscreens can block as much as sixty to eighty percent of the sun’s heat from reaching the glass. Not crazy about the look of sun screens? Installing mini-blinds or shutters can reduce solar gain by forty to fifty percent.

3.) Thermostat: If you don’t already have one, installing a programmable thermostat will not only save you time, but energy costs as well. Programmable thermostats allow you to program the temperature in your home to increase by five to ten degrees while you're away and to return to a comfortable level an hour before you return. For every degree you set your thermostat above eighty degrees, you can save approximately two to three percent on cooling costs. The rule of thumb is to set the thermostat between seventy-eight to eighty degrees when you are home and up to eighty-five degrees when you are away.

Just because the temperature is in the triple digits doesn’t mean your air conditioning bill has to too. Utilize these 3 hacks to lower your A/C bill this summer and stay cool!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Join us on Facebook and Twitter

The Russo Team Newsletter June 2018

by The Russo Team

The Russo Team Newsletter June 2018 

Please click below to view The Russo Team Newsletter for June 2018. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Click here to download your copy. 

If you want to get to know more about The Russo Team or are thinking of moving up to your dream home, give us a call today!

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 437

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The Russo Team
RE/MAX Professionals
7111 West Bell Rd. Ste 101
Glendale AZ 85308
602-864-1200
602-739-2727
Fax: 623-643-1008

RE/MAX Professionals. Each office independently owned and operated.