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Meet Me Downtown Phoenix Social Walk/Run

by The Russo Team

Meet Me Downtown Phoenix Social Walk/Run

Looking to get in shape, meet some fun new people, and take in the downtown Phoenix experience? You’ll definitely want to check out the Meet Me Downtown Phoenix Social Walk/Run every Monday in downtown Phoenix!

Blue Cross Blue Shield of Arizona and FitPHX, in partnership with Downtown Phoenix, Inc., Phoenix Parks Foundation, CityScape, The Corner, Sole Sports Running Zone and Meet Me Concepts are proud to bring participants this free weekly downtown walk/run. The mission of Meet Me Downtown (MMDT) is simple but powerful; to bring people of all ages to downtown Phoenix for a weekly social walk/run, engaging individuals and businesses in a vibrant event that showcases downtown Phoenix as a prime location for healthy activities.

Participants of any age can meet the organizers every Monday regardless of rain, shine or holidays at “The Corner” at CityScape located at 50 West Jefferson, Phoenix and check-in between 5:15 pm to 6:30 pm. Attendees can walk or run three to five miles or as far as you’d like with a route guide provided. Afterwards, all are welcome to join MMDT for closing ceremonies at 7:00 pm which includes incentive awards and prizes! Best of all, many of the local downtown Phoenix restaurants from the Phoenix Public Market Café to the Tilted Kilt and more offer special Monday discounts to participants. Visit www.meetmedowntownphx.com for more details. What a great way to stay in shape and explore the beautiful downtown Phoenix area.

For more local events happening in the Signs of downtown Phoenix area, please contact The Russo Team today!

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3 Reasons Why Mortgage Applications are finally on the Rise

by The Russo Team

3 Reasons Why Mortgage Applications are finally on the Rise

Have you been noticing “For Sale” signs disappearing as quickly as they appear in your neighborhood? That’s because mortgage volume is increasing. In fact, the total amount of mortgage applications increased 4.7 percent on a seasonally adjusted basis for the week ending July 31, versus the previous week according to the Mortgage Bankers Association (MBA). Here are 3 reasons why mortgage applications are finally on the rise.

1.) More homeowners are refinancing: Rate-sensitive refinances have increased the amount of mortgage applications showing a nearly six percent increase for the week, and the refinance volume is eight percent higher than it was in 2014. Mortgage applications are also twenty-three percent higher than the same week one year ago.

2.) Interest rates are continuing to fall: Lenders realize that lower rates give buyers more purchasing power. That’s why it’s no surprise that interest rates have decreased to its lowest level since May 2015 from 4.17 percent to 4.13 percent, with points decreasing from 0.36 to 0.34 according to the MBA.

3.) Lighter lending standards: Many banks have reportedly eased lending standards slightly for a number of categories of residential loans over the past three months according to the recent Federal Reserve's July 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices.

The increase in purchase activity and mortgage applications is notable for this time of year, and reflects a slowly recovering housing market. If you’re ready to buy or sell your Arizona home, contact the Russo Team 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. We’ll help you find the right home. -Frank

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Top 3 Things to Do in Downtown Phoenix

by The Russo Team

Top 3 Things to Do in Downtown Phoenix

Love the Phoenix night life? How about cultural museums, fantastic cuisine, and sporting events? Whether you’re a long time resident of the Signs of Downtown Phoenix historical district, a Phoenix native, a recent transplant or just passing through, you can’t fully enjoy the area without at least checking out one or all of these top 3 things to do in downtown Phoenix.

1.) Chase Field

The Chase Field experience in downtown Phoenix still has something for everyone of all ages to enjoy even if you’re not a baseball fan. You can catch an exciting Diamond Backs game under the stars on cool nights or take a tour of the field. Guests can also grab a bite to eat or a cold one at Chase Field's beer garden while the kids cool down at the field's swimming pool. If you’ve never been, it’s definitely worth checking out at least once. Visit http://www.azchasefield.com/ for game schedule and pricing details.

2.) The Phoenix Art Museum

Don’t know art but you know what you like? As one of the largest art museums in the Southwest, the Phoenix Art museum is guaranteed to have something to pique your interest. You could spend hours perusing the modern art collection on the second floor, the latest couture exhibition, the sculpture garden, or the museum's current contemporary show. If you’re feeling ravenous, you can even grab lunch or drinks at the museum’s restaurant.  Visit http://www.phxart.org for more details.

3.) The Phoenix Zoo

Whether you want to bring your kids or bring out the kid in you, the Phoenix Zoo is a must see! The zoo houses a variety of animals, including baboons, Sumatran tigers, Asian elephants, Galápagos tortoises and Komodo dragons. Take younger tots to the Big Red Barn petting zoo or to the giraffe encounter where they can get enjoy more interaction with the animals. If you get tired of trekking the well-kept zoo grounds, you can enjoy a 30-minute narrated safari train tour which provides a good orientation of the zoo. Visit http://phoenixzoo.org/ before heading over to check out upcoming events and pricing.

For more information about things to do in downtown Phoenix or if you’d like information about buying a home in the Signs of Downtown Phoenix area, please contact the Russo Team today!

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July 2015 Market Update

by The Russo Team

What's going on in the greater Phoenix real estate market? Check out our video with July 2015 statistics below!

Some important points:

 

  • Inventory is down almost 30% compared to July 2014
  • The number of days on the market continues to decrease
  • Prices are continuing to rise

 


Russo Team Newsletter August 2015

by The Russo Team

Russo Team Newsletter August 2015

http://www.russoteam.com/agent_files/Russo Team Newsletter August 2015.pdf

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602-864-1200

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3 Essential Back-to-School Tips for Arizona Kids

by The Russo Team

3 Essential Back-to-School Tips for Arizona Kids

The days of chanting, “No more teachers, no more books,” are quickly coming to an end as our Arizona students inch closer and closer to a new school year. As the new school year begins there are a few things we can do as parents and caregivers to ensure kids have a smooth start and a great experience. Here are 3 essential back-to-school tips for Arizona kids.

Ease back into school routine
Summertime in Arizona is a time to relax and enjoy the pool.  So in order to begin the new school year ready to learn, parents should help their kids get back into regular bedtime and wake-up routines. Starting this one to two weeks before school can help make the transition of returning back to school easier for students.

Turn off the TV.

Did you find the TV on more than usual this summer? That’s not unusual this time of year. But now’s a great time to start encouraging your child to play quiet games, do puzzles, flash cards, color, or read as early morning activities instead of watching television. This will help ease your child back into the learning process and school routine. Cutting back on TV can help your child arrive at school better prepared to learn each morning.

Connect with friends.
Got a child that’s nervous about returning to school? Reach out and make some connections so they’ll have a friendly face to accompany them on their first day back to school. You might try calling parents from last year’s class and finding out which children are in your child’s class this year. Refresh these relationships before school starts by scheduling a play date or a school carpool.

The streets will be lined with school busses and your child will be racing off to school before you know it. So start implementing these 3 essential back- to- school tips for Arizona kids and help them start their school year off bright! – Frank

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3 Little White Lies that Can Hurt Your Home Buying Chances

by The Russo Team

3 Little White Lies that Can Hurt Your Home Buying Chances

At some point in our lives, we’ve probably had to tell a little white lie. (That haircut looks great on you, by the way!) And while most of us feel a little fib here and there won’t hurt anything, when it comes to buying a home, honesty is always the best policy. And because obtaining home financing and an affordable mortgage can be a tough process for homebuyers, it’s understandable that some would chose to stretch the truth to work in their favor. What’s a little white lie going to hurt? Turns out, those small untruths can come back to hurt you and backfire in a major way in your home buying process. Here are 3 little white lies that can hurt your home buying chances.

White Life #1: Primary Residence

Who will occupy the house is the most common white lie when it comes to home buying. A home buyer may tell a lender they are purchasing the home as a primary residence but are in fact planning to rent it out as an investment property. Buyers do this to obtain a lower interest rate and lower down payment as lenders charge a higher interest rates and down payments on investment properties as opposed to primary residences. Lenders consider this stealing money from them by making them take on more risk than they agreed to and if caught, you could lose your home financing.

White Lie #2: Your Income

Obviously how much income you make has a huge impact on qualifying for a home loan. But being dishonest about the amount of money you make can hurt you more than you think. Your lender is going to verify all of the financial information you provide on your application, so if your tax returns, bank statements, W-2 forms, and supporting documents don’t support your income claims, you likely won’t get the loan. It’s best to just be honest and not doctor your statements or fudge the numbers to obtain financing.

White Lie #3: Hiding Your Debt

One of the most important factors to getting approved for a home mortgage is your debt-to-income ratio, which is how much of your income you have to pay out each month to cover all your debts. So some borrowers will fib and hide certain debts on their mortgage application to try to make it look like they owe less than they do. The reason this could blow up in your face is that established creditors report your debt and payment history to the credit reporting agencies which are pulled by your lender. So they will definitely find discrepancies on what you owe versus what you say you owe. Also, when you sign off on a mortgage, one of the things you sign is a statement that the information you’ve provided is accurate to the best of your knowledge. So if the information on your application is not accurate, then that’s mortgage fraud. Penalties for mortgage fraud range as high as thirty years in prison and a $1 million fine.

Little white lies have no place in the home buying process, because altering the facts in any way that affects your cost or ability to get a home loan is likely to hurt your home buying chances. Believe it or not, even the busiest of lenders stringently verify your application information so small untruths have a way of resurfacing. Need help with the home buying process? Contact the Russo Team today and we’ll help you find the right home. And that’s no lie! - Frank

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June National Housing Report shows Sales Rising with the Temperature

The heat isn’t the only thing rising in Arizona this summer. According to RE/MAX, the June National Housing report shows sales rising with the temperature during the hot summer month. Home sales in May were greater than in any other May since the RE/MAX National Housing Report began in 2008. This spring has now experienced a four-month trend in which sales were higher than both the previous month and the same month in the previous year.

Completed transactions in May were 8.9 percent higher than in April and 3.5 percent higher than in May 2014. The Median Sales Price of a home sold in May was $212,910, which was 7.8 percent above the price seen in May 2014. The inventory of homes for sale also continued a positive trend, with a 0.4 percent increase from April’s inventory. With a growing rate of home sales, the resulting Months Supply of Inventory in May was 3.6 on a scale where 6.0 months indicates a market balanced equally between buyers and sellers.

“Many positive factors are contributing to a strong housing market this year. Job growth and wages are slowly improving, while rents are increasing rapidly and mortgages are becoming much more accessible. When these factors are coupled with continuing low interest rates, the result is a growing number of consumers with the confidence to buy or sell a home.”

Dave Liniger, RE/MAX, LLC CEO, Chairman and Co-Founder

 

Click here to download your copy of the June 2015 RE/MAX National Housing Report.

Looking to buy an Arizona home 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

www.RussoTeam.com
602-864-1200

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Russo Team Newsletter July 2015

by The Russo Team

Russo Team Newsletter July 2015

http://www.russoteam.com/agent_files/Russo Team Newsletter July 2015.pdf

www.RussoTeam.com
602-864-1200
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29th Annual Freedom Wireless Fabulous Phoenix Fourth Celebration

by The Russo Team

29th Annual Freedom Wireless Fabulous Phoenix Fourth Celebration 

What better way to celebrate the 4th of July than with the 29th Annual Freedom Wireless Fabulous Phoenix Fourth Celebration. The Fabulous Phoenix Fourth takes place this Saturday, July 4th from 6:00 p.m. to 10:00 p.m. at Steele Indian School Park located at 300 East Indian School Road Phoenix, AZ.

This annual Arizona Independence Day event features two stages of live local entertainment, inflatable rides and activities for purchase in the Kids Zone, a classic car exhibit, a "Splash Zone" area where participants can cool off, and a patriotic program. The fantastic fireworks display begins at 9:30 p.m. Guests also can purchase food from more than fifty food and beverage vendors, and enjoy free community information booths and displays. This fun event is free and open to the public. Visit www.phoenix.gov for additional event details.

For additional local community events in the Signs of downtown Phoenix area please contact the Russo Team.  Have a safe and Happy 4th of July! - Frank

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Displaying blog entries 1-10 of 278

Contact Information

Photo of The Russo Team Real Estate
The Russo Team
RE/MAX Professionals
7111 West Bell Rd. Ste 101
Glendale AZ 85308
602-864-1200
623-643-1024
Fax: 623-643-1008

RE/MAX Professionals Each office independently owned and operated