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April 2017 RE/MAX National Housing Report

by The Russo Team

April 2017 RE/MAX National Housing Report

March launched the home-buying season with post-recession records for increasing home sales and prices and decreasing inventory, according to this month’s RE/MAX National Housing Report that surveys fifty-three metro areas. Last month, home sales were 6.6 percent higher than the nine-year-old report’s previous March record, set in 2016. Thirty-eight of the fifty-three metro areas in the report showed year-over-year increases.

Meanwhile, Months Supply of Inventory dropped below three months for the first time in the history of the report, indicating a market that greatly favors sellers, as six months is considered a balanced market. Active inventory continued to decline, dropping 17 percent year-over-year. As a result, the Median Sales Price of $225,000—also a March record—was up eleven percent year-over-year. This was the twelth consecutive month of year-over-year price increases.

“We expect a seasonal uptick in sales this time of year and March certainly met and somewhat exceeded that expectation,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “We don’t anticipate the tightening inventory to ease up in most markets until new home construction can catch up to its pre-recession pace. Until then, sellers will enjoy a fast-paced market and buyers will need to work with their agents to get in the right home.”

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

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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6 Strange Superstitions about Easter You Never Knew

by The Russo Team

6 Strange Superstitions about Easter You Never Knew

All the fun things about Easter traditions have been around for years. Everything from bunnies to hunting for eggs has been celebrated by many cultures. However some of those cultures also have superstitions attached to the holiday. Here are 6 strange superstitions about Easter you never knew!  

1.) Love: If you get engaged on Easter, you won’t get married.

2.) New clothes: If you don’t wear at least one item of new clothing on Easter, your tired old outfit will get pooped on by birds or spat on by dogs.

3.) Money: Always slip a small coin into the right-hand pocket of a new suit or dress, to avoid being broke and out of money when you wear that item of clothing.

4.) Hats: Wearing a new bonnet on Easter is lucky — even more so if a bird poops on it.

5.) Activities: It’s good luck to throw water on yourself and someone else for two days after Easter

6.) Eggs: Painting eggs red at Easter is seen as good luck, as it is the cooler of blood and life.

Whichever of these 6 strange superstitions about Easter you decide to try…or try to avoid, The Russo Team hopes you have a Happy Easter!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com
602-864-1200

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The Russo Team Newsletter April 2017

by The Russo Team

Please click below for The Russo Team Newsletter for April 2017.

 http://www.russoteam.com/agent_files/170329_RussoNewsletter_APR17_4UP.pdf

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

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March 2017 RE/MAX National Housing Report

by The Russo Team

March 2017 RE/MAX National Housing Report

February home prices reached a new high as steady demand combined with record low inventory drove prices up, according to the March 2017 RE/MAX National Housing Report that surveys fifty-three metro areas every month.

Last month saw a negligible decline in home sales from February 2016, which posted the most sales in the nine-year history of the report. Less than half of the markets experienced an increase in sales year-over-year. Meanwhile, active inventory reached a record low for February, dropping 17.9 percent year-over-year. This marks the 100th consecutive month of year-over-year declines dating back to October 2008. As a result, the Median Sales Price of $212,000 – another February record – was up six percent year-over-year. This is the eleventh consecutive month of year-over-year price increases.

“Inventory, not the rise in interest rates, remains the principal constraint on home sales,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “The resale market is driven dramatically by the availability of new homes. Most U.S. markets have a high demand for new home construction, and although it’s good to see housing starts trending upward, we still need more.”

The average Days on Market for homes sold in February 2017 was sixty-eight, up two days from the average in January 2017, but down seven days from the February 2016 average. Days on Market is the number of days between when a home is first listed in an MLS and a sales contract is signed.

Click here to download your copy of the March 2017 RE/MAX National Housing Report. 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

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Possible Glendale Midtown District Revitalization Underway

by The Russo Team

Possible Glendale Midtown District Revitalization Underway

For years, the City of Glendale has invested time and money to jump-start its decaying downtown due to the closing auto businesses in the early 2000s but to no avail. Vacancy rates, population drop and unemployment rates continued to surpass the rest of Glendale. Last week, a report with recommendations to revitalize the area was unveiled to the City Council in workshop.

Urban Land Institute’s study, funded by a grant, focuses primary on what is known as the Midtown District, which runs along the Glendale Avenue corridor bounded by 43rd and 51st avenues and Myrtle Avenue and Ocotillo Road. Although Midtown is ripe for revitalization it has its challenges such as low-performing schools and a lack of a consistent vision by policymakers. Another drawback is the uncertainty if light rail will come, which is keeping landowners and developers from moving forward with developing vacant lots and filling empty buildings. 

Midtown District revitalization recommendations include:

  • Create a one-stop, business advocacy liaison in City Hall
  • Invest in downtown with branding and beautification
  • Activate underused properties with temporary uses and pop-ups
  • Focus on smaller, signature schools
  • Encourage neighborhood-oriented schools and joint-use policies
  • Leverage state and federal housing programs
  • Support business incubators and co-working spaces
  • Facility land assembly now
  • Stabilize underlying neighborhood conditions such as perceived safety issues and blight

Glendale’s Midtown District offers a competitive rent structure and housing stock and offers lower rents for start-up opportunities. Glendale’s downtown has a number of strengths, including its historic assets and availability of city-owned land, which gives it a remarkable leg-up. For more local valley news or if you are looking to buy a home in Phoenix, please contact The Russo Team today.

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Be Cautious of Snakes this Spring

by The Russo Team

Be Cautious of Snakes this Spring

March 20th is the first day of spring and easily one of the most anticipated seasons in Arizona. Everything from camping in Arizona to various outdoor festivals and events are available for everyone to enjoy valley wide. But the new season also brings something else; snake bites. In fact the spike in snake bites has become a rite of late spring, according to hospital officials at Banner University Medical Center Phoenix, the hospital in Maricopa County that specializes in treating snake bites.

Banner Hospital sees about fifty snake-bite patients a year, the most in the Southwest, according to Dr. Frank Lovecchio, co-medical director of Banner Poison and Drug Information Center. "When snakes sense a little bit of heat and humidity, they come out," Lovecchio said. "The snakes are hibernating most of the year and now they are starting to come out.”

It’s important for Arizona residents and out of town visitors to be cautious of snakes this spring when outdoors. Suggested tips include:

  • Rattlesnakes are most active in the evening and a night when they do most of their hunting. They are usually very active in the early spring after remaining inactive during the winter months.
  • It's best not to hike in wilderness areas after dark. Carry a walking stick and keep it forward to let snakes know you are approaching their area.
  • If you come across a rattlesnake, observe its beauty from a distance and let the snake go on its way.
  • If you hear the "rattle", freeze. Look carefully to locate the rattlesnake and move slowly in the opposite direction.

If you happen to see a rattlesnake on your property, call a local agency that can help remove the reptile. If you are bitten by a rattlesnake get to an emergency room right away or call the national network of poison-control centers immediately at 800-222-1222 if you are quite a distance away. Stay safe and enjoy Arizona’s beautiful spring weather!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Trendy Space Saving Stashes for Your Home

by The Russo Team

Trendy Space Saving Stashes for Your Home

One of the number one complaints homeowners have about their homes is the lack of storage. Somehow as a society we’ve acquired a need for more stuff with no place to put it all. If you’re like most people, keeping your environment neat and organized is something you desire for your home and a necessary evil. Having ample storage cuts down on clutter and saves you time when organizing your space. Here are some trendy space saving stashes for your home you might not have considered.

Entryway

Customizing the entry way in your custom home is a great way to fight clutter. Options like shoe cubbies, dual purpose wall hooks that double as lighting, entry way tables, and built-in cabinetry alcoves to hide unsightly messes can help keep your sanity the moment you walk in.

Kitchen

Kitchens are the heart of the home and unfortunately can house tons of clutter. Fortunately there’s no shortage of clever, space saving storage options for kitchens.  Consider adding cabinetry slide out cutouts that house kitchen essentials and alleviate taking up counter space, or pull-out garbage cans and composters to help rid your kitchen of trash. Adding a dual purpose mobile kitchen island that has built-in slots for appliance garages is also a way to make your kitchen more organized and less chaotic.

Bedroom

The bedroom is your sanctuary, but clothes everywhere, messy closets, and other assorted clutter can make it your least favorite place in your home. Again, there’s no shortage of storage options from beds with built-in storage drawers and headboards with shelving to creative dual purpose wall-mount lighting and storage options.

Trendy space saving stashes for your home are really only limited by your imagination. Effective and clever space saving built-ins and furniture pieces can help rid your space of clutter and give you more peace of mind. If you’d like more space saving storage ideas or if you’d like information about buying a home in Phoenix please contact The Russo Team.

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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The Russo Team Newsletter March 2017

by The Russo Team

Please enjoy the Russo Team Newsletter for March 2017

 

 

 

 

 http://www.russoteam.com/agent_files/170224_RussoNewsletter_MAR17_4UP_Final.pdf

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

February 2017 RE/MAX National Housing Report

by The Russo Team

February 2017 RE/MAX National Housing Report

Home sales in January set a record pace according to the February 2017 RE/MAX National Housing Report. With the tug-of-war between rising home sales and shrinking inventory intensifying, last month topped all other Januarys in the report’s nine-year history with the most sales, highest sales price and fewest days on market.

Over two-thirds of the fifty-three metro areas experienced an increase in sales year-over-year, with twelve experiencing double-digit increases. Based on the rate of home sales in January, the Months Supply of Inventory was 3.8, compared to December 2016 at 4.2 and January 2016 at 4.6. A 6.0-month supply indicates a market balanced equally between buyers and sellers.

In the 53 metro areas surveyed, total sales were up 4.5 percent over January 2016, which was previously the January with the most sales. The Median Sales Price of $208,500 was up 4.3 percent and marked the tenth consecutive month of year-over-year price increases. The new January low of sixty-six Days on Market underscores the fact that inventory has declined year-over-year for ninety-nine consecutive months dating back to October 2008.

“January may have set the tone for the coming home-buying season with homes selling faster and at higher prices. Home-buyer demand is strong, and not enough sellers are listing to keep up with the demand, despite rising prices. At any rate, the beginning of 2017 continued the strong pace of 2016.” - Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder.

Over two-thirds of the fifty-three metro areas experienced an increase in sales year-over-year, with twelve experiencing double-digit increases. Based on the rate of home sales in January, the Months Supply of Inventory was 3.8, compared to December 2016 at 4.2 and January 2016 at 4.6. A 6.0-month supply indicates a market balanced equally between buyers and sellers.

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

Russo Team

RE/MAX Professionals

www.RussoTeam.com
602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

3 Space Saving Hacks for Any Home

by The Russo Team

3 Space Saving Hacks for Any 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 clutter it’s no wonder so many homes feel unorganized, cramped, and cluttered. Try these 3 space saving hacks for any home, and you’ll find the extra space and sanity you’ve been looking for in your home.

1.) Think small: That grandiose china cabinet. Your massive California King bed. The dining room table that seats twelve even though only four people live at home. Don’t be afraid to scale back and incorporate smaller furniture pieces so you can to open up your rooms and get your space back.

2.) Built-in Storage: These days, it’s easy to find stylish furniture and accessories with built-in storage that saves you space. 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.

3.) 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 you even more space. The space under your bed can make the perfect little nook for plastic storage containers for out of season clothes or shoes. Creating a headboard out of shallow shelves is a modern look that buys you extra space.

Which of these 3 space saving hacks for any home can best benefit your home? If you’re looking for more space saving tips for your home or ready 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

Search the MLS Now!

Join us on Facebook and Twitter

Displaying blog entries 1-10 of 370

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