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June 2016 RE/MAX National Housing Report

by The Russo Team

June 2016 RE/MAX National Housing Report 

Summer is heating up and so is homebuyer demand according to the June 2016 RE/MAX National Housing Report. May saw a 10.3 percent jump in sales over April and a 5.1 percent increase over May last year. The Median Sales Price in May was $222,475, a 4.2 percent rise from price levels one year ago and 3.5 percent above the median price in April. The inventory of homes for sale remains very tight in many markets across the country, with the May inventory 14.8 percent lower than May 2015. At the rate of home sales in May, the national Months Supply of Inventory was 3.0, down from 3.2 in April.

“May home sales increased at a rate that’s slightly higher than the average monthly increase. This is despite the fact that inventory in many markets remains very low. At the same time, interest rates appear to have stabilized, which helps encourage potential homebuyers. Price increases continue to moderate and are rising at a more sustainable rate. This market is offering current homeowners more incentive to sell, which could have a positive impact on overall inventory levels,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder.

Like previous months this year, home sales continued to be strong in the Northeast. Across the nation in May, 34 of the 52 metro areas surveyed reported home sales higher than one year ago.  Among the 52 metro areas surveyed in May, only five had a year-over-year drop in prices. The average Days on Market for all homes sold in May was 58, down six days from the average of 64 in both April 2016 and May 2015. Click here to download a copy of the RE/MAX June 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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Just Listed in Surprise, Arizona

by The Russo Team

Just Listed in Surprise, Arizona 

JUST LISTED!!!! This is a beautiful home is located in fantastic Surprise neighborhood, with no neighbors in the back! Enjoy the low maintenance desert front landscaping, as well as the green grass and trees in the backyard. The extended patio features brick pavers are perfect for outdoor entertaining!

  

Built by Sivage Thomas Homes, the nearly 1,300 square foot design is open and inviting. The kitchen features a cozy eat-in nook with oak cabinetry, built-in microwave and a smooth top range. Neutral flooring and pain throughout!

Spacious great room concept includes a built-in entertainment niche and there are three bedrooms, including the master bedroom with a private en suite bath and a large walk-in closet. Conveniently located near shopping and the best dining choices in Surprise!

Contact The Russo Team today, to schedule an appointment to view 15132 N 154th Lane, Surprise, AZ 85379.

Frank Russo

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

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We Are Turning Our Commissions into Kindness!

by The Russo Team

We Are Turning Our Commissions into Kindness! 

In March 1987, Frank Russo witnessed the very premature birth of his only child, Lianne Russo. She weighed only 1.5 pounds. After several months of receiving care in the Neonatal Intensive Care Unit (NICU) in the Phoenix Children’s Hospital wing of Banner Good Samaritan Hospital, Lianne was finally healthy enough to go home! Without the care, knowledge and support of the then very small Phoenix Children’s Hospital, Lianne would not have survived to become the fantastic woman and valuable Russo Team member that she is today. We support Children’s Miracle Network because it has directly impacted our lives, and we want to share that gratitude with other families and children going through difficult medical situations. That’s why we are turning our commissions into kindness!

Since 1992, RE/MAX associates and offices across the globe have donated more than $147 million to Children's Miracle Network. The commitment of the RE/MAX family to Children's Miracle Network Hospitals demonstrates "the power of many makes a difference." The individual donations of thousands of associates and offices amount to millions of dollars each year for children's hospitals, with over $9 million raised in 2015.

Wondering how our Commissions into Kindness Program works? For every fifth buyer or seller that you, your co-workers or your company sends to the Russo Team that closes escrow, we will donate our entire commission to Children's Miracle Network. That's it - plain and simple. This program is valid through December 31, 2017. However, if you would like us to support a particular charity of your choice, please let us know and we will be happy to support it. To participate, please visit russoteam.com/charity. And thank you for your support!

Frank Russo

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

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Russo Team Newsletter June 2016

by The Russo Team

Russo Team Newsletter June 2016

Frank Russo
The Russo Team
RE/MAX Professionals

www.RussoTeam.com
602-864-1200

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Downtown Phoenix Caribbean Carnival

by The Russo Team

Downtown Phoenix Caribbean Carnival 

Looking something fun to do this Memorial Day weekend? Then pack your masquerade mask and don your brightest colors for the Phoenix Caribbean Carnival in downtown Phoenix this weekend!

The Phoenix Caribbean Carnival is a celebration of Caribbean culture that takes Friday, Saturday, and Sunday, May 27th through May 29th at Steele Indian School Park, 300 E. Indian School Road, Phoenix.

A variety of parties and performance will take place at various Phoenix venues with the event starting with a "Flag Party" on Friday night, followed by an "All White Affair" Party on Saturday night followed by the cornerstone of the event being Sunday’s festive parade and “Carnival Village.” This vibrant event features Caribbean entertainment, food, dance, arts, crafts and more.

Hosted by nonprofit organization the Caribbean American Phoenix Carnival Cultural Association (CAPAZ), the organization’s goal is to invite all to embrace experience and enjoy the rich cultural heritage and history of the Caribbean through their social events which in turn supports their philanthropic, educational and mentoring programs.

For prices and event times, please visit phoenixcarnival.com or call 480-525-4627. If you’re looking for more fun things to do in downtown Phoenix or want to buy a home in the Signs of Downtown Phoenix area, please contact the Russo Team today. Have a safe Memorial Day weekend!

Frank Russo
The Russo Team
RE/MAX Professionals

www.RussoTeam.com
602-864-1200

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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

Search the MLS Now!
Join us on Facebook and Twitter

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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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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Join us on Facebook and Twitter

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

Search the MLS Now!

Join us on Facebook and Twitter

Displaying blog entries 1-10 of 327

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