Real Estate Information

Phoenix Arizona Real Estate Blog

The Russo Team

Blog

Displaying blog entries 1-10 of 263

Explore the Roosevelt Row Arts District

by The Russo Team

Explore the Roosevelt Row Arts District

Looking to support local art and culture in the historical downtown Phoenix area? You’ll definitely want to check out the Roosevelt Row Arts District, if you haven’t already. 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. Even if you’ve been before, there’s always a variety of activities, artists, and festivals to entertain even the most seasoned Signs of downtown Phoenix visitors and natives.

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. 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.

Visit http://www.rooseveltrow.org for more details and upcoming events happening in the Roosevelt Row Arts District. And for more local events happening in the Signs of downtown Phoenix area, please contact the Russo Team today. – Frank

www.RussoTeam.com
602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

April National Housing Report

by The Russo Team

April National Housing Report

According to the April National Housing Report , homes sales are beginning to bloom. March home sales rose a significant 33.9 percent over sales in February. The total number of home sales in March was the largest total of any previous March. When compared with sales last March, the increase was 9.9 percent.  This marks the third largest single month increase since the RE/MAX National Housing Report began in August 2008.

“The prime selling season this year is starting with a bang. After a harsh winter, it appears many consumers are eager to get out and shop for a new home, despite lingering inventory issues and rising prices. The many positive stories we’re hearing from our agents across the country are reflected in these very impressive March numbers.”

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

Nearly every metro experienced double-digit month-over-month sales increases with the exception of Baltimore, which saw an 8.4 percent monthly increase. The Median Sales Price of $204,000 in March was also higher than last year by 8.5 percent.  With a higher rate of sales, the resulting Months Supply of inventory fell further to 3.7 on a scale where 6.0 months indicates a market balanced equally between buyers and sellers.

In March, forty-three of the fifty-three metro areas surveyed reported higher sales on a year-over-year basis, and thirty-one of those saw increases in double-digits. Click here to download your copy of the April National Housing Report.

If you’re looking to sell your Arizona home or to purchase an Arizona home this year, please 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

Search the MLS Now!

Join us on Facebook and Twitter

Gorgeous Remodeled Phoenix Home for Sale

by The Russo Team

Gorgeous Remodeled Phoenix Home for Sale

This gorgeous remodeled Phoenix home for sale is an absolute MUST SEE! The two bedroom, two bath home is 1,437 square feet and located in the historic Encanto Palmcroft district that overlooks the beautiful Encanto Park. This gem has been completely remodeled - new kitchen, new bathrooms, new hardwood and tile throughout, solid surface kitchen and bathroom countertops. Very cool master shower with fold-away doors for extra space. The large master bedroom features a walk-in closet. Two gas fireplaces are inside to offer you a warm welcome home. A wall of glass off the kitchen opens up to create indoor outdoor entertainment space and will knock your socks off!

The outside is as welcoming as the inside and boasts a new sparkling lineal pool with separate portable hot tub as well as water and fire features. There’s also high end artificial turf throughout the backyard and an entertainment bar as part of patio. Can you see your loved ones gathering here on cool spring nights? The former garage has been converted to wet bar with workspace and full closet for storage with workbench and sink. A hobbyists dream!

Don’t wait another minute to see this gorgeous remodeled Phoenix home for sale in the historic Encanto Palmcroft district. Contact the Russo Team today to schedule a viewing of 1309 W HOLLY Street, Phoenix, AZ today!

www.RussoTeam.com
602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

Russo Team Newsletter May 2015

by The Russo Team

Russo Team Newsletter May 2015

www.RussoTeam.com
602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

6th Annual Earth Day Phoenix 2015

by The Russo Team

6th Annual Earth Day Phoenix 2015

Looking for a wonderful way to celebrate Earth Day and Earth Week? Keep Phoenix Beautiful, a non-profit organization that promotes the preservation and protection of our environment, will host the 6th Annual Earth Day Festival this Saturday, April 25th from 11:00 a.m. to 4:00 p.m. This fantastic event takes place at PHX Renews located at 4221 N Central Ave. in Phoenix on the northeast corner of Central Avenue and Indian School Road

Come celebrate Earth Day at this free family friendly festival in Downtown Phoenix. Hosted by Republic Services, an industry leader in U.S. recycling and non-hazardous solid waste, will be offering composting samples and a sunflower in a jar giveaway at Earth Day Phoenix. PHX Renews will be filled with many other local exhibitors as well. There will be nonprofits, businesses, and city, state and county departments. Exhibitors will be providing information and relevant giveaways with a core message of sustainability. From solar energy, recycling, to gardening our exhibitors are on site to provide resources and information on how you can live sustainably.

The Earth Day Phoenix Festival will also feature a SunUp Brewing Beer Garden, along with food trucks from Naturally Sweet, Emerson Fry Bread, and Island Loco. Attendees will have access to short educational composting seminars throughout the day, rain barrel construction and giveaways from Coco-Cola Co. and Watershed Management Group, as well as tours of the SHADE solar exhibit home built by Arizona State University students.

Arrive early to watch the ceremonial tree planting with the Arizona Super Bowl Team and NFL Environment at 11:00 a.m. with Mayor Greg Stanton followed by the Rhythm is Life Steel Drum Band. Want to reduce your carbon footprint even more? Alternative modes of transportation such as light rail and biking are available and highly recommended for this fantastic Earth Day event.
 

www.RussoTeam.com
602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

5 Fantastic Ways to Design Your Home for Resale

by The Russo Team

5 Fantastic Ways to Design Your Home for Resale

Springtime in Arizona is one of the most popular home-buying seasons in the Valley. And with temperatures like these and beautiful desert landscape in full bloom, it’s easy to see why. So if you’re selling your Arizona home this season, you may be surprised to find you’re not the only listing in your neighborhood. What can you do to make sure to add pizzazz to your home, make it stand out, and help it sell? Here are 5 fantastic ways to design your home for resale to appeal to new buyers. 

1.) Let the curb appeal speak for itself: Your front yard is the first thing that buyers will see, and first impressions are lasting. Lawns should be clean and free of weeds and clutter. Remove any dead plants and add a homey touch that helps visually appeal to home buyers like colorful desert blooms or a cozy bistro table near the entry way.

2.) A little color can do wonders: Plain white walls are a thing of the past. Now buyers expect to see pops of color and accent walls. Adding a fresh coat of paint to boring walls will not only help tie the furniture in your home together, but it will also help your location stay fresh in a buyers mind. Chose neutral colors that work with a range of decors. Try to stay away from colors that are too bright or hard to paint over. 

3.) Revamp your kitchen and bath: Kitchens and bathrooms are often the first thing buyers gravitate to. If you can afford new cabinets, go for it! Small budget? Just add new cabinet hardware to dress up existing cabinetry. Refinish your tile flooring or your countertops if they need a new look. Take it a step further and add new plumbing fixtures or matching sleek appliances.

4.) Give buyers more space: Most home buyers want large spaces for their belongings. Remove clutter and allow plenty of room to walk around furniture. Open window coverings let in natural sunlight and visually provide more space. A few decorative mirrors can also help provide the illusion of a more spacious room.

5.) You can’t sell it if you can smell it: Next to sight, the sense of smell is the top sense buyers used when selecting a home. Pet odors, cigarette smoke, and moldy odors will turn a buyer off quickly, even if a house is nicely designed. Make sure you home smells fresh. If lighting candles or using sprays, don’t use heavy perfume scents.

If you’re looking to sell your Arizona home this spring or looking to purchase a new home, please contact the Russo Team today and receive a complimentary analysis of your home’s approximate present value on the market today – Frank

www.RussoTeam.com
602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

Tips Boost Your Credit Score for Home Buying

by The Russo Team

Tips Boost Your Credit Score for Home Buying

Trying to boost your credit score for home buying this year? You’re not alone. With the recent news of the three largest credit-reporting firms – Equifax, Experian, and TransUnion –overhauling their reporting and error resolution practices more potential homebuyers are working on dusting off their credit reports to obtain financing for a home loan. Many of these new credit reporting changes will be implemented on a national basis roughly over the next three years. So here are tips to boost your credit score for home buying.

  • Don’t close your credit card accounts, because then you’ll be using a higher percentage of your overall credit limit.
  • Pay off the balance of your high interest rate credit cards and hide the card from yourself to avoid the temptation to use it.
  • If you have any collections or judgments against you, pay them off as quickly as possible.
  • Pay all your bills on time by utilizing payment reminders or automatic bill pay options.
  • Try to reduce your credit card debt to twenty-five percent or less of your credit line on each card.
  • Bring your over-the-limit and past-due accounts up-to-date.
  • Pull your credit report at least once a year to review any discrepancies

The sooner you start implementing positive steps towards improving your credit score, the easier it may be when it’s time to find financing for a home loan. If you’re looking to buy an Arizona home, please contact the Russo Team today to assist you with your home buying needs. Your complete satisfaction with our service and representation is always our number one priority! -Frank

www.RussoTeam.com
602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

January 2015 RE/MAX National Housing Report

by The Russo Team

January 2015 RE/MAX National Housing Report

It looks like the New Year is already off to a good start for the real estate market. According to the January 2015 RE/MAX National Housing Report, home sales in December defied normal trends and rose above the number of November sales by a significant 14.4 percent.  Sales were also 3.9 percent above those of last December. Home prices in December were also higher than one year ago, rising 5.9 percent. Because inventory has generally moved in a positive direction this year and demand has been slightly below 2013 levels, home prices have not been rising as rapidly as last year.

Although home sales in 2014 have generally been lower than those in 2013, during the last four months of the year, three have seen more sales than the same month last year. In fact, a total of forty-two metro areas reported higher sales on a year-over-year basis and twelve reported double-digit increases. On a year-over-year basis, the Median Sales Price has now risen for thirty-five consecutive months.

“After a sluggish start, it’s nice to see the year end on a positive note. Even though we’re well into the winter months, homebuyers felt confident enough to enter the market in greater numbers than just one month ago. And with prices rising at a much slower rate than last year, sellers continue to increase their equity, while buyers don’t feel priced out of the market.” -Dave Liniger, RE/MAX, LLC CEO, Chairman and Co-Founder

For more information, click here to download a copy of the January 2015 National Housing Report.

If you’re looking to sell your Arizona home or to purchase an Arizona home this year, please 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

Search the MLS Now!

Join us on Facebook and Twitter

Breaking News: FHA Reducing Annual Premiums for Homeowners

by The Russo Team

Breaking News: FHA Reducing Annual Premiums for Homeowners

As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro recently announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. This act is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to purchase their first home over the next three years.

This new change, which is effective January 26th of this year, states that all case numbers pulled on FHA loans will receive .85 percent MI versus the current 1.3 percent. This action also reflects the improved economic health of FHA’s Mutual Mortgage Insurance Fund (MMIF).  FHA’s recent annual report to Congress demonstrates the economic condition of the agency’s single-family insurance fund continues to improve, adding $21 billion in value over the past two years. The reduction will also significantly expand access to mortgage credit for these families and is expected to lower the cost of housing for the approximately 800,000 households who use FHA annually. Click here to read a copy of the FHA’s Mortgagee Letter.

For more information about the upcoming FHA loan changes or to find out about qualifying for a home loan in the Phoenix area, please contact the Russo Team today. –Frank

www.RussoTeam.com
602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

Check out The Russo Team's open house this Saturday, 1/17 from 11am to 2pm. Watch the video for more information!

Displaying blog entries 1-10 of 263

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