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Buying Vs. Renting

by The Russo Team

Buying Vs. Renting

Despite rising rental rates, buying a home still cost less than renting. Here’s why:   

Rental rates have been rising for the last few years and are continuing to increase across the country. These sharply rising rates are steadily making renting a more expensive option than buying a home. That’s why you’ll notice that monthly rental payment costs are trumping monthly mortgage costs.

Owning a home give buyers an advantage of cost saving tax breaks that renters do not have access to.  Home owners can deduct mortgage interest, property taxes, a percentage of energy efficient upgrades, and more.

According to the Rent vs. Buy Report from Trulia, buying costs less than renting in all 100 large U.S. metros. In fact, homeownership is thirty-eight percent cheaper than renting nationally according to Trulia Chief Economist, Jed Kolko. Low mortgage rates have made homeownership more affordable.

If you’re ready stop renting and buy a home in Phoenix, please contact The Russo Team today. We’ll help make your home buying experience the best it can be!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com
602-864-1200

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June 2018 RE/MAX National Housing Report

by The Russo Team

June 2018 RE/MAX National Housing Report

We’re already halfway through 2018 and the housing prices are at record highs, while inventory is at record lows and home sales are trailing 2017’s pace, according to the RE/MAX National Housing Report. June sales were 5.5 percent lower than June 2017 in the fifty-four metro areas surveyed, marking the seventh consecutive month of year-over-year declines.

Headed in the opposite direction, the June Median Sales Price of $258,500 was an all-time high in the nine-year history of the report. It was 5.1 percent higher than the $245,000 recorded last June, bringing the consecutive months of year-over-year price increases to 27. In each of the previous five years – going back to June 2013’s $193,750 – June has posted the highest Median Sales Price of the year.

Forty-two of the fifty-four metro areas reported a year-over-year drop in inventory. That years-long trend is reflected in Months Supply of Inventory dropping to 2.7 – down 8.8 percent year-over-year and the smallest figure ever recorded for June. Fewer houses for sale generally results in a faster process: Homes sold in June averaged just forty-two Days on Market – five days less than June 2017 and three days under the previous nine-year low of forty-five days.

“Year-over-year prices have been climbing for more than two years now, which is great news for homeowners and sellers,” said RE/MAX CEO Adam Contos. “In the hottest markets, demand is especially high because there simply aren’t that many homes for sale. The slower sales figures we’re seeing are tied to inventory more than anything else. Lack of inventory has become a theme for the year. Having fewer homes to choose from poses a challenge for buyers, who need to be ready to act decisively and quickly. Working with a full-time, professional RE/MAX agent can prepare them for that.”

Visit: https://rem.ax/2phKHWT to access the housing report infographic, or click here to download your copy of the June 2018 RE/MAX National Housing Report. Looking to sell your Phoenix home or buy a home in Phoenix 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

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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The Russo Team Newsletter June 2018

by The Russo Team

The Russo Team Newsletter June 2018 

Please click below to view The Russo Team Newsletter for June 2018. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Click here to download your copy. 

If you want to get to know more about The Russo Team or are thinking of moving up to your dream home, give us a call today!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

Wealth Building for Everyone: Seminar Coming Soon

by The Russo Team

Wealth Building for Everyone: Seminar Coming Soon


Don't think of real estate investing as a one-time transaction; think of it as part of your long-term wealth building strategy. We are hosting a seminar, were we will teach you the principles of investing in real estate to build your wealth based on the book HOLD: How to Find, Buy, and Rent Houses for Wealth. The easy-to-follow five-step process we will be discussing:

1) FIND the right property for the right terms and the right price

2) ANALYZE a property to make sure the numbers and the terms make sense

3) BUY an investment property where you make money going in

4) MANAGE your tenants and property like a pro

5) GROW your way to wealth and financial freedom

  • Date and Time: Saturday, January 28th from 10:00am to 12:00pm
  • Location: 7121 W. Bell Road in the Basement Training Room

All attendees will receive a free copy of the book. There is NOTHING to purchase at this wealth building seminar! We give you ALL of the tools & strategies you need. Don't bring your checkbook! 

Please RSVP to lrusso@russoteam.com or click here to register on Facebook event by Thursday, January 26th, 2017. This event is coming soon and space is limited so don’t wait to reserve your spot!

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 Newsletter January 2017

by The Russo Team

The Russo Team Newsletter January 2017

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

Search the MLS Now!
Join us on Facebook and Twitter

Wealth Building for Everyone

by The Russo Team

Wealth Building for Everyone


Don't think of real estate investing as a one-time transaction; think of it as part of your long-term wealth building strategy. We are hosting a seminar, were we will teach you the principles of investing in real estate to build your wealth based on the book HOLD: How to Find, Buy, and Rent Houses for Wealth. The easy-to-follow five-step process we will be discussing:

1) FIND the right property for the right terms and the right price

2) ANALYZE a property to make sure the numbers and the terms make sense

3) BUY an investment property where you make money going in

4) MANAGE your tenants and property like a pro

5) GROW your way to wealth and financial freedom

 

  • Date and Time: Saturday, January 28th from 10:00am to 12:00pm
  • Location: 7121 W. Bell Road in the Basement Training Room

 

All attendees will receive a free copy of the book. There is NOTHING to purchase at this wealth building seminar! We give you ALL of the tools & strategies you need. Don't bring your checkbook! 

Please RSVP to lrusso@russoteam.com or click here to register on Facebook event by Thursday, January 26th, 2017. Space is limited so don’t wait to reserve your spot!

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

Search the MLS Now!
Join us on Facebook and Twitter

What the Experts Predict for the 2017 Housing Market

by The Russo Team

What the Experts Predict for the 2017 Housing Market 

There is no doubt that post-election concerns have left many wondering what the 2017 housing market will look like. Depending on which side of the Trump fence you look at, there are negative and positive predictions. However, according to the 2017 Housing Forecast provided by realtor.com, the Phoenix-metro area is ranked number one with a projected increase of home values by 5.94 percent and a sales growth at 7.24 percent. Here are a few more highlights that the experts predict for the 2017 housing market:

  • Mortgage rates will likely continue to increase throughout the year.
  • The Millennial generation is likely to enter the housing market, and will be the largest pool of first-time home buyers, surpassing the baby-boomers.
  • Inventory will continue to be a challenge, however in Phoenix is the growth predictions are accurate, we may see this ease with new construction.
  • Current homeowners are staying put longer and investing in remodeling and updating their current property. This is a trend that we will continue to see in 2017.
  • There won’t be a lot of government backed new home incentive programs, however with less mortgage regulation, loans could become easier to get and more creative financing options.

If you or someone you know is interested in learning more about qualifying to buy a home, or considering an upgrade in size or location, please give us a call today. The holiday season is a unique time for real estate and there are plenty of opportunities waiting to be taken advantage of. Give us a call today – 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 Newsletter December 2016

by The Russo Team

The Russo Team Newsletter December 2016

http://www.russoteam.com/agent_files/Monthly Newsletters/The Russo Team December 2016 Newsletter.pdf

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 Newsletter November 2016

by The Russo Team

The Russo Team Newsletter November 2016

http://www.russoteam.com/agent_files/Monthly Newsletters/Russo Team Newsletter November 2016.pdf

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 Newsletter October 2016

by The Russo Team

The Russo Team Newsletter October 2016

http://www.russoteam.com/agent_files/Monthly Newsletters/Russo Team Newsletter October 2015.pdf

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 136

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The Russo Team
RE/MAX Professionals
7111 West Bell Rd. Ste 101
Glendale AZ 85308
602-864-1200
602-739-2727
Fax: 623-643-1008

RE/MAX Professionals. Each office independently owned and operated.