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Russo Team Newsletter - September/October 2014

by The Russo Team

Russo Team Newsletter - September/October 2014

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Gorgeous Glendale Home for Sale

by The Russo Team

Gorgeous Glendale Home for Sale

This gorgeous Glendale Home for sale is waiting for you in the quiet Greenbrier subdivision. This three bedroom, 1.75 bath modern remodel has everything you could possibly need including a spacious kitchen with newer cabinets, solid granite countertops, and updated Kenmore appliances. Beautiful wood floors span throughout this classic 1,822 square foot home which also features a newly insulated attic, something you don’t find in many Arizona homes. You’ll also be happy to know that the ice cold air conditioning unit was recently replaced in 2011 and the windows and doors were upgraded about ten years ago. Best of all, the backyard boasts a beautiful, sparkling pool.

You get all this and more for an unbelievable price. You don’t want to miss this amazing home. Please contact the Russo Team today to schedule a viewing of this gorgeous Glendale home for sale today.

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Top 3 Reasons to Relocate to the Encanto Vista Historical District

by The Russo Team

Top 3 Reasons to Relocate to the Encanto Vista Historical District

Hidden away just west of Seventh Avenue and just south of Thomas Road is where you’ll discover the lovely pocket of historical homes in the Encanto Vista Historic District in downtown Phoenix. Though it’s not a large neighborhood, the quaintly well-loved homes off the beaten urban path are sure to charm even the most seasoned of home lovers. Here are the top 3 reasons to relocate to the Encanto Vista Historical District.

1.) Location: You just can’t beat the lovely location of the Encanto Vista Historical District. Nestled between its other historical neighbors at the Encanto Palmcroft Historic District, the Encanto Manor Historical District, and the Willo Historic District finds these homes surrounded by a rich culture of architecture no matter which direction you look. Despite its central-city location which offers quick access to public transportation and a booming night life scene, the neighborhood is still a quiet place to live. The neighborhood’s horseshoe-shaped streets provide a beautiful green space of privacy from through traffic.

2.) Classic Architecture: Built between the mid-40s and late 50’s, the well-built, clean lined Ranch Style homes in the Encanto Vista Historical District are notably high-style. The average square footage of the homes are 1900 square feet and embrace Arizona’s more modern suburban lifestyle offering detached garages and large rear patios to enjoy outdoor entertaining in the cooler months.

3.) Outdoor Amenities: When developers originally planned Encanto Vista, they zeroed in on a key selling point for the neighborhood: the beautiful Encanto Golf Course. Decades later, that amenity is still a favorite among some residents offering breathtaking views of the green, lush landscape, and palm trees. The neighborhood is also near Encanto Park, a 222 acre oasis that features picnic areas, a swimming pool, boat house, urban fishing, two golf courses, a lagoon with paddle boats, and nature trail. It’s the perfect venue for weekend picnics, barbeques, and more. Athletes will appreciate the lighted racquetball courts, volley ball courts, tennis ball courts, and softball fields.

If you are interested in receiving a complimentary copy of the Real Estate Market Update for Encanto Vista Historic District each month, please contact the Russo Team. If you would like to learn what your property values are currently, please click here for a complimentary market analysis.

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August 2014 National Housing Report

by The Russo Team

August 2014 National Housing Report

The August 2014 National Housing Report is reflecting slower home sales for the month of July. In fact, July sales have decreased by 3.1 percent from the month of June. However, home prices are still rising showing an increase of 7.9 percent higher than July of 2013. On a year-over-year basis, the Median Sales Price has now risen for thirty consecutive months. Because inventory is improving, home prices are not rising as rapidly as this time last year. Fortunately, home sales are continuing to follow the normal seasonal trends as the inventory environment continues to improve.

Margaret Kelly, RE/MAX CEO states, “After a slow start to the year, 2014 home sales have been improving. Sales are following the expected seasonal pattern and are approaching the levels we saw last year. As inventory continues to build the recovery continues at a more stable and sustainable rate.”

For more information or to download a copy of the August 2014 National Housing Report please click here.

If you’re looking to buy or sell a home in the Phoenix area, please contact the Russo Team today. As experts in the Greater Phoenix real estate market, we can provide you detailed information on available homes, and we know this area inside out. - Frank 

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Move to the Wonderful Willo Historic District

by The Russo Team

Move to the Wonderful Willo Historic District

If you’re looking to live in one of the most revered neighborhoods in down town Phoenix, then look no further. The Willo Historic District is located in the heart of Phoenix from Thomas Road to McDowell Road from 1st and 7th Avenues. As one of downtown Phoenix’s largest historic districts, Willo has over beautiful 900 homes nestled in its four charming subdivisions. Here are some reasons you’ll want to move to the wonderful Willo Historic District.

Lovers of homes rich in architecture and culture will love these delightful homes built back in the 1930’s. There’s a variety of architecture from Bungalow Style, Ranch Style, Tudor, Greek Revival, American Colonial, Spanish Colonial, and Pueblo Revival which are a far cry from the southwest styled terra cotta roofed tract homes you typically see throughout Phoenix.

In addition to having a premier location just minutes from the Phoenix Sky Harbor International Airport and near freeways, the Willo Historic District offers a bevy of culture filled activity and venues to enjoy. Willo is in proximity to everything from art museums and symphony halls to gourmet restaurants and sporting venues. If you love having a night out on the town or like to engage in active city life then the Willo Historic District is the charming neighborhood that you’ll want to call home.

If you are interested in receiving a complimentary copy of the Real Estate Market Update for Willo Historic District each month, please send an email to TheTeam@RussoTeam.com with your name and preferred mailing address. And if you would like to purchase a home in the wonderful Willo Historic district or any of the other exceptional Signs of Downtown Phoenix historical district homes, please contact the Russo Team today.

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602-864-1200

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New Credit Score Changes on the Horizon

by The Russo Team

New Credit Score Changes on the Horizon

In case you haven’t heard, there are new credit score changes on the horizon, which could affect millions of potential consumers in their loan approval process. The Fair Isaac Corp (FICO) credit score is used in ninety percent of U.S. consumer lending decisions and the new updates may mean higher credit scores for potential homebuyers. Higher scores better increase a borrower’s chance of receiving better terms on a home loan, which is wonderful news for those who may have been struggling in the past to obtain financing.

According to a study by the Urban Institute, thirty-five percent of Americans have debts and unpaid bills reported to collection agencies. After the FICO credit score changes take place, debts that go to collection agencies and get repaid, will no longer count against a consumer’s score, and medical debts will have a smaller effect on the score. The FICO score will also no longer include failures to pay bills when calculating a score, if the issue has since been resolved, according to the Wall Street Journal.

Talks of these changes to the credit score reporting are supposedly going to take place sometime this fall. If this change takes effect, it could continue to stimulate the economy and allow many borrowers a possible chance for more financing opportunities.

For more information on the credit score changes, it is best to speak directly to a local, experienced mortgage company. If you would like a personal referral to a qualified loan consultant, please contact the Russo Team today. – Frank

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Russo Team Newsletter - July/August 2014

by The Russo Team

Russo Team Newsletter July/August 2014

www.RussoTeam.com
602-864-1200

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3 Space Saving Tips for Every Home

by The Russo Team

3 Space Saving Tips for Every Home

If you’re like most homeowners, you want to make the most of the space in your home. But after years of accumulating furniture, knick knacks, and junk it’s no wonder so many homes feel unorganized, cramped, and cluttered. Here are 3 space saving tips for every home that just might help you find the extra space and sanity you’ve been looking for in your home.

Scale back: That grandiose china cabinet. Your massive California King bed. Or the dining table that seats twelve even though only four people live at home. Those huge furniture pieces that once seemed to fit so well in your rooms are eating up much needed space. Don’t be afraid to scale back and incorporate smaller furniture pieces where you can to open up your rooms and get your space back.

Get practical: We all love art and furniture that expresses our style and looks good in our home, but chances are those pieces don’t serve much of a purpose. Thankfully these days, it’s easy to find stylish furniture and accessories that serve a dual purpose. Think comfy ottomans with storage inside, coffee tables with niches for magazines and coasters, and dining room tables with built-in drawers.  Even books with hollow cores are making a comeback on shelves serving as stylish organizers for odds and ends that don’t have a place.

Bedroom boosters: The bedroom is one of the top places where homeowners complain about not having enough space. But thinking outside the box and adding dual purpose pieces will give back. The space under your bed can make the perfect little nook for plastic storage containers for out of season clothes or shoes. Low beds can be transformed for this purpose simply by adding bed risers. Headboards are stylish, but generally don’t serve a purpose other than looking nice. Creating a headboard out of shallow shelves is a modern look that buys you extra space. If you’re feeling artistic, you can arrange box shelves or floating shelves in a fun design above your bed to display art, books, and DVDs as well as store essentials.

Got a space saving tip of your own to share? Connect with us and share your tip on the Russo Team Facebook page! –Frank

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National Housing Report – June 2014

by The Russo Team

National Housing Report – June 2014

Home sales are seeing a positive upswing for the third month in a row this year with forty-nine out of fifty-two of the metro areas reporting higher sales than the previous month.  May became the sixth consecutive month with fewer year-over-year inventory losses than the previous month despite tight credit availability and inventory.

“The usually strong spring selling months appear to be following traditional growth patterns. We’ve now seen three straight months of increased sales over the previous month - although we may not match the growth rates we saw last year, we are seeing significant increases in both sales and prices and that’s a positive sign,” states Margaret Kelly, RE/MAX CEO

 

The average Days on Market for all homes sold in May was sixty-six which is eight days lower than the average seen in April and four days lower than the average in May last year. The low Days on Market average continues to be the result of a low inventory of homes for sale.

You can view the video below for additional housing report details or click here to read the RE/MAX National Housing Report for June 2014.

If you’re looking to buy or sell a home in the Phoenix area, please contact the Russo Team today. As experts in the Greater Phoenix real estate market, we can provide you detailed information on available homes and we know this area inside out. - Frank 

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602-864-1200

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Fall in Love with FQ Story Neighborhood

by The Russo Team

Fall in Love with FQ Story Neighborhood

Imagine a neighborhood rich with culture and a diverse architectural style that rivals the days of old. That place exists and it’s located right in scenic downtown Phoenix! The FQ Story Neighborhood Historic District is one of Phoenix’s first historic districts. The form of the neighborhood, the placement of the buildings and its distinctive landscaping all contribute to its charming character. Here are just a few reasons you’ll fall in love with the FQ Story Neighborhood.

The Architecture: The gorgeous cluster of homes spans a variety of architectural styles including Spanish Colonial Revival, English Tudor, Craftsman bungalows, and transitional ranch. And in a city known more for its southwest style and desert landscape, these homes stand out as a refreshing rarity to the senses.

The Location: The FQ Story Neighborhood is located in central Phoenix, spanning from McDowell Road south to Roosevelt Street and from Grand Avenue. Neighbors enjoy proximity to downtown with a slew of amenities nearby including Chase Field ballpark, Symphony Hall, art galleries, restaurants, and several other cultural venues to indulge in. Neighbors also have the ability to utilize the light rail if they want to venture out of town to Mesa and Tempe.

The History: The eclectic range of historic styles date back from the 1920s through the 1940s. It’s because of this that the neighborhood is proudly governed by the Story Preservation Association, a non-profit group consisting of Story Residents. Their mission is to preserve the history and integrity of this enchanting neighborhood which features over 600 homes. The thriving FQ Story Neighborhood also has many prominent homes that are represented on the National Register of Historic Places (NRHP). 

If you would like more information about the FQ Story Neighborhood or any of the beautiful historic districts in the Signs of Downtown Phoenix area, please contact the Russo Team today.

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602-864-1200

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Displaying blog entries 1-10 of 235