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Spring 2018 RE/MAX National Housing Report Reflects Home Sale Increase

Home sales increased 2.3 percent year-over-year in April 2018 in the face of record low inventory and the second-highest median sales price in the nine-year history of the RE/MAX National Housing Report. To access the housing report infographic, visit: https://rem.ax/2phKHWT.   

“If 2018 is like recent years, we’re only two months away from home prices peaking — we’re already seeing some impressive prices moving up in markets throughout the U.S.,” said RE/MAX CEO Adam Contos. “As we head into summer, we’ll watch several housing markers like home starts, mortgage applications and sales price to gauge the effect they’ll have on inventory across the country — the good news is that the rate of sales helps accommodate a shrinking inventory and buyers can still find opportunities.”

The $243,000 Median Sales Price was a record for April and was second only in report history to $245,000 in June 2017. In each of the last five years, June has produced the year’s highest Median Sales Price, with July or August posting the second-highest monthly price each year.

Thirty-eight of the fifty-three markets in the report posted more sales than in April 2017, while the 2.5 months supply of inventory tied March as the lowest ever, in the history of the report. The average Days on Market in April was fifty-two — that’s five days less than April 2017 and a RE/MAX National Housing Report record for the month.

In April 2018, the median of all 53 metro Median Sales Prices was $243,000, up 3.0 percent from March 2018 and up 7.5 percent from April 2017. The number of homes for sale in April 2018 was up 3.4 percent from March 2018, and down 11.3 percent from April 2017. Based on the rate of home sales in April, the Months Supply of Inventory remained at 2.5 from March 2018, and decreased compared to April 2017 at 2.8. A 6.0-months supply historically indicates a market that’s balanced equally between buyers and sellers. In April 2018, all 53 metro areas surveyed reported a months supply at or less than 6.0, which is typically considered a seller’s market. Please click here to download a copy of the most recent RE/MAX National Housing Report.

Looking to sell your Phoenix home or buy a home in Phoenix? 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 Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com
602-864-1200

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The Russo Team May 2018 Newsletter

by The Russo Team

The Russo Team May 2018 Newsletter

Please click below to enjoy The Russo Team Newsletter for May 2018!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Download your copy of The Russo Team May 208 Newsletter here!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

 

10 Hilarious Mother’s Day Quotes to Brighten Any Mom’s Day  

Mother’s Day is tomorrow and giving yourself or your mom a good laugh is the best gift of all! Being a mom is best done with a measure of humor, so here are 10 hilarious Mother’s Day quotes to brighten any mom’s day!   

1.) “It’d be cool if my kids could make something I actually want, like a bottle of wine, out of macaroni and glue.” - Stephanie McMaster

2.) “It’s not easy being a mom. If it were easy, fathers would do it.” – Betty White

3.) “Did you know, when kids go to bed, you can hear yourself think again? I sound fabulous.” – Paige Kellerman

4.) “I want my kids to have all the things I couldn’t afford. Then I want to move in with them.” - Phyllis Diller

5.) “Being a mom has made me really tired and so happy.” – Tina Fey

6.) “You may not have candy for breakfast. Now finish your Pop tart.” – Laney Griner

7.) “Waking your kids up for school the first day after a break is almost as much fun as birthing them.” – Jenny McCartney

8.) “Sometimes being a good parent means hiding in the pantry and eating all the Fudgsicles over the course of a day so the kids don’t have to.” – Kelly Oxford

9.) The singular sign of a parent who is doing their job is their unwillingness to let their children watch the Star Wars prequels.” – Heather Armstrong

10.) Happy Mother’s Day, mom! (And while I have you, quick apologies for ages 13-21.) – Anonymous

Happy Mother’s Day from The Russo Team!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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3 Ways to Avoid Home Improvement Scams

by The Russo Team

3 Ways to Avoid Home Improvement Scams

Each spring and summer, professional home improvement scammers roam the U.S. in search of victims. Scams include everything from offering unbelievable deals that end up with hidden fees to using low-quality materials and not doing quality work. If you’re in the market for making big repairs to your property this season, here are 3 ways to avoid home improvement scams.

1.) Do Your Research: Before you pick a company for your home improvement project take the time to do your research. This includes price matching, reading online reviews, calling at least three verifiable references and checking reputable sites such as the Better Business Bureau for any issues or concerns. 

2.) Get Everything in Writing: Keeping a paper trail is essential for avoiding home improvement scams. It’s important to communicate your needs and get a written contract that lists the specific work to be done, costs, materials to be used, start and completion dates, and warranty information on products and installation. Read the fine print carefully and do not permit work before signing it.

3.) Pay with a Credit Card: Cash may be king, but when it comes to paying for services it may be best to pay with a credit card. Doing so will ensure that you have protection against scammers. If you pay with a credit card, your credit card company can work with you to dispute the charge if you end up working with a dishonest contractor or technician who asks you to pay up front then leaves before the project is finished or does not complete what was promised. 

If you do your research, get everything in a contract and use a form of payment that can be disputed if needed, you’re more likely to avoid home improvement scams. For more homeowner tips or if you’re 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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April 2018 National Housing Report

by The Russo Team

April 2018 National Housing Report

If you are looking for a new home, chances are you’re not finding many homes on the market. If you’re a seller, you have likely noticed the value of your home is rising — no matter what part of the country you live in. According to the April 2018 RE/MAX National Housing Report, home prices continued to climb year-over-year for the twenty-fourth consecutive month in March, while home sales continued to decline for a fourth consecutive month, making it a seller’s market in most regions of the country.

“Homebuyers shouldn’t be discouraged by the record-breaking numbers — even with higher prices and closed transactions, this March marks the second-highest in sales in the history of the RE/MAX National Housing Report,” said RE/MAX CEO Adam Contos. “It’s more important than ever to work with an experienced RE/MAX agent who is invested and involved in their community. They are dialed into the nuances of a neighborhood, making your home search or sale easier and quicker. We also look at the Days on Market as another indicator of tight inventory and the national average stands at 60 days. That’s four days less than a year ago and another March record-breaker.” “

Of the fifty-four metro areas surveyed in March 2018, the overall average number of home sales increased +36.6 percent compared to February 2018 and decreased -5.3 percent compared to March 2017. In March 2018, the median of all fifty-four metro Median Sales Prices was $236,000, up +3.2 percent from February 2018 and up +4.9 percent from March 2017. The average Days on Market for homes sold in March 2018 was sixty, down two days from the average in February 2018, and down four days from the March 2017 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. To access the housing report infographic, visit: https://rem.ax/2phKHWT or click here to download a copy of the RE/MAX April 2018 National Housing Report

Looking to sell your Phoenix home or buy a home in Phoenix? 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 Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

Go Green at the 9th Annual Earth Day Phoenix

by The Russo Team

Go Green at the 9th Annual Earth Day Phoenix

Earth Day is an annual event created to celebrate the planet's environment and raise public awareness about pollution. The day, marked on April 22nd, is observed worldwide with rallies, conferences, outdoor activities and service projects.

Started as a grassroots movement, Earth Day created public support for the creation of the Environmental Protection Agency (EPA) and contributed to the passage of the Clean Air Act, the Water Quality Improvement Act, the Endangered Species Act and several other environmental laws. The idea for Earth Day was proposed by then-Sen. Gaylord Nelson of Wisconsin, who died in 2005.

The first Earth Day was in 1970. Nelson, after seeing the damage done by a 1969 massive oil spill in Santa Barbara, California, was inspired to organize a national "teach-in" that focused on educating the public about the environment.

Spend some time over the weekend getting your green on by stopping by the 9th Annual Earth Day Phoenix event on Saturday, April 21st from 11am to 4pm at Steele Indian School Park, 300 E. Indian School Road, Phoenix. Celebrate Earth Day with exhibitors, mini eco-classes and more. This is a zero-waste event, meaning all waste will be recyclable or compostable. Parking is limited so alternative modes of transportation such as light rail or biking are recommended. Enjoy music, face and body painting and grab lunch from one of the three food trucks.

This event is hosted by Keep Phoenix Beautiful, a nonprofit 501(c)3 organization that’s an affiliate of Keep America Beautiful. Every day, Keep Phoenix Beautiful provides tools to empower our diverse communities to improve overall quality of life. Their vision is a vibrant Phoenix where each neighborhood is a healthy, beautiful place to live. For more event details please visit keepphxbeautiful.org/earth-day-phoenix/

For more things to do in the signs of downtown Phoenix area or if you’re looking to buy or sell a home in phoenix, please contact The Russo Team today. Happy Earth Day!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

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Stunning Sun City Grand Golf Course Property for Sale

by The Russo Team

Stunning Sun City Grand Golf Course Property for Sale

This is it! Situated on a quiet cul-de-sac, this stunning Sun City Grand golf course property for sale features three bedrooms, two baths and is move-in ready! The professionally designed, modified floor plan is perfect for entertaining. The spacious kitchen features new granite counter tops with two areas accommodating eight to ten bar stools, pull-out shelves in the cabinets, new stainless sink and faucet, stainless steel GE Appliance package and a wine fridge. The Master bath and guest bath both feature new sinks, a marble counter top and upgraded lavatory faucets.

New plank tile flooring is beautifully laid throughout main living areas and third bedroom, and patterned carpet is in the master bed and guest bedroom. The Interior laundry area features additional pantry storage and marble top desk or prep area. Other great features included are a newer air conditioner, hot water heater and garage door opener.

Watch the sun rise and set from your backyard. Sitting on the seventh hole of the Granite Falls South Course, this home features panoramic fairway views from the south facing patio. Outdoor space also includes paint in and out, chiseled travertine front walkway, back patio Flagstone, and stone wall accents. Bonus features include an extended garage, water softener, filter and reverse osmosis system as well as tasteful landscape lighting and a computerized drip system for easy lawn maintenance.

This is easily one of the nicest three bedroom homes you will find in Grand! Contact The Russo Team to schedule a private showing to view this stunning Sun City Grand gem located at 16519 W ARROYO Court, Surprise, AZ today!

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

The Russo Team April 2018 Newsletter

by The Russo Team

The Russo Team April 2018 Newsletter 

Please enjoy The Russo Team Newsletter for April 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Download the complete copy here:  http://www.russoteam.com/agent_files/180327_RussoNewsletter_APR18_4UP_RE_v1.pdf

Frank Russo

Russo Team

RE/MAX Professionals

www.RussoTeam.com

602-864-1200

Search the MLS Now!

Join us on Facebook and Twitter

 

 

 

 

 

 

 

 

 

 

 

 

3 Fun Easter Pranks for April Fools Day

by The Russo Team

3 Fun Easter Pranks for April Fools Day

Easter and April Fools' Day collide this Sunday, April 1st for the first time in sixty-two years, which means you might want to be careful before biting into your Easter treats. On this day in 1700, English pranksters begin popularizing the annual tradition of April Fools' Day by playing practical jokes on each other. Although the day, also called All Fools' Day, has been celebrated for several centuries by different cultures, its exact origins remain a mystery. In the spirit of the collaboration, here are 3 fun pranks for Easter and April Fool’s Day to get a giggle out of the spring holiday.
 
1.) Pull a Switcheroo: Hosting an Easter egg hunt? Replace some of the goodies in the eggs with less desirable items like frozen peas, empty candy wrappers, or rubber bands. You can also unwrap the small Hershey’s chocolate eggs and swap them for grapes. For an extra bonus, wrap sour candies in normally sweet packages and enjoy their priceless expressions.
 
2.) Bon Appétit: Planning an Easter meal? Make sponge cake out of sponges by putting a canister of frosting on large sponges. When you announce that you’ve made sponge cake for dinner, they’ll be sure to be April fools when they try to cut into that real” sponge cake. Or dip vegetables in chocolate and have your camera ready to catch your kids or guests bite into a chocolate carrot.
 
3.) Easter Egg Pranks: There are lots of deviously prankish things you can do when it comes to Easter egg hunting pranks. Make it extra difficult for your kids this year and hide the eggs in really difficult spots. You can always help them if they get really frustrated.
 
The next time Easter and April Fool’s Day will converge will be 2029 and then again in 2040 so now’s the perfect time to enjoy a little spring pranking with your family. From The Russo Team Family to yours, have a safe and Happy Easter! – Frank
 
Frank Russo
Russo Team
RE/MAX Professionals
www.RussoTeam.com
602-864-1200
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3 Spring Cleaning Secrets to Alleviate Allergies

by The Russo Team

3 Spring Cleaning Secrets to Alleviate Allergies

Spring is here and along with beautiful Arizona weather comes the blooming of desert plants and allergies. Mold and tree, grass and weed pollen are the most common triggers of seasonal allergies. Millions of Americans experience allergy symptoms and they can also be caused by indoor allergens, such as dust mites, pet dander, and mold. If you want to help cut back on sniffles and watery eyes, try these 3 spring cleaning secrets to alleviate allergies.

1.) Purify your Air: Want to help reduce your allergy symptoms? Air purifiers are especially important in houses because they quickly and quietly clear allergens and other particles, effectively remove odor, pollen, smoke, dust, pet dander, and almost all other pollutants present in the air. If you already have an air filter, remember to change or clean your filters regularly. Every three to six months is the norm, although you can change them more frequently if needed.

2.) Clean your Pets: Could your favorite four-legged friend be contributing to your spring time allergy woes? Absolutely! In addition to pet dander, pets who go outside are tracking in more than just their love for you. Pollen often gets stuck in your pets paws and fur and can contribute to your allergies, especially if they sleep with you at night. Be sure to wipe your pet’s fur and paws before they come inside. You can also use pet wipes in addition to increased bathing to help.

3.) Clean Overlooked Spots: Regular cleaning like dusting, vacuuming and mopping is a must to get rid of pollen, but don't forget to clean the overlooked spots in your home. Curtains, blinds, ceiling fans, windowsills, lamp shades, light fixtures, and the tops of door frames and upper cabinets are often harboring allergy irritants. And be sure to clean your mop, duster and empty the pollen-filled vacuum directly into the outside trash so as not to re-pollute your indoor air after all your spring cleaning efforts.

If that springtime burst of pollen leaves you sneezing, wheezing, and reaching for another dose of Benadryl, help ease your suffering with these 3 spring cleaning secrets to alleviate allergies. For more tips for your household or if you’re looking to buy or sell your Phoenix home this spring, 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 426

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