Vincent Russo – Vincent Russo, REALTOR®

September 18, 2023

Do you know your stats?

Market Stats for your Neighborhood, City, and Zip Code are important when you’re buying, selling, or analyzing potential value of a home.

WinWithVin® #CommunityAndCouncilRealty #FeelAtHome #Expertise #KWIntown #KellerWilliams #REALTOR #Alpharetta #JohnsCreek #Roswell #Atlanta #ATLRealEstate #AtlantaRealEstate #GeorgiaRealEstate #RealEstate #WinWithVin

For more information, reach out! I’d love to grab a beverage and see how I can be of service!

Vin Russo | 678-235-4673

August 24, 2023

Do you know your stats?

Market Stats for your Neighborhood, City, and Zip Code are important when you’re buying, selling, or analyzing potential value of a home.

August 10, 2023

Avoiding buying a home because of the interest rates?

Many things factor into home affordability: Location, condition, interest rate, type of mortgage, terms of mortgage, down payment, monthly payment/cash flow, collateral assets, and more.

However, interest isn’t necessarily the most important factor.

There are options to refinance; there are rate buydown options such as 3-2-1 program; if rates go up, you are protected by your fixed rate; when property values/list price climb, you’ll already have purchased and can start accumulating equity.

If you are considering becoming a homeowner, it IS possible.

Speak to a financial planner/analyst to find out the best options for you and then let me connect you up with a recommended loan officer.

WinWithVin® #CommunityAndCouncilRealty #FeelAtHome #Expertise #KWIntown #KellerWilliams #REALTOR #Alpharetta #JohnsCreek #Roswell #SandySprings #ATLRealEstate #AtlantaRealEstate #GeorgiaRealEstate #RealEstate #WinWithVin

August 7, 2023

Could this be one solution?

California could pay homeowners $40,000 to build a tiny home in their backyards. It’s ‘vital’ for increasing the housing supply in the state, one researcher said.

California set aside $50 million in the state budget for homeowners building backyard homes.
The cash plays a “vital” part in the state’s ability to increase housing supply, a researcher said.
The Golden State is about 2 million homes short, and many experts say ADUs can ease the issue.

California is planning to pay homeowners to build housing in their backyards.

The California budget, signed by Gov. Gavin Newsom in late June, includes a $50 million pot to incentivize more people to build accessory dwelling units.

It’s a revival of a previous program — though that one had a $100 million budget — that distributed funds through 2022 and aimed to increase ADU construction to address the state’s dire housing shortage.

The previous program gave homeowners grants of up to $40,000 to develop at least one additional housing unit on their property. The state anticipated that the funding would be distributed by the end of 2022 and expected 2,500 new housing units to be built, according to a bulletin.

Muhammad Alameldin, a policy associate at the University of California at the Berkeley Terner Center for Housing Innovation, said “this money is vital” because it’s one of the few government programs that fund and incentivize home construction.

It’s an affordable way for the state to promote housing construction, he added.

However, the guidelines for the current ADU-grant program aren’t set, the Los Angeles Times reported. CalHFA, the department in charge of distribution, told the Los Angeles Times that it was still working out how the cash would be doled out and that there wasn’t a date set for applications to open.

ADU financing is hard to find

Nearly 20% of homes built in California are ADUs, according to data from the state’s Department of Housing. More than 60,000 permits have been approved since the state started rolling back legislation in 2018.

But despite the fact that low- and moderate-income Californians are most affected by rising home prices, Terner Center’s research showed that most Californians who put an ADU in their backyard lived in wealthy enclaves of the state.

“While ADUS have potential to bridge the racial wealth gap and add financial stability for lower- and moderate- income homeowners, to date comparatively affluent, and in many regions, whiter homeowners have disproportionately built ADUs,” the Terner Center researchers said in their report.

That’s because it can cost a few hundred thousand dollars to build, and financing is hard to come by. Programs that make accessing financing ADUs easier also help to close this gap.

The state could spur more widespread development of ADUs across the economic spectrum by providing a larger grant to cover more costs for those with limited financing options, Alameldin said.

Original Article published here: https://www.businessinsider.com/california-to-pay-homeowners-to-build-adu-housing-shortage-2023-8

July 30, 2023July 30, 2023

Starter Homes – Will you be happy with what is affordable?

If you could get an affordable starter home as described below, would it meet your needs?
If not, what are your minimum requirements for a starter home?

“The first starter homes were small—from 800 to 1,000 square feet. They were boxy, with a pitched roof, an old-style open floor plan, and a plain interior with no decorative molding.”
“In the 1940s, homes were affordable, making climbing the rungs to wealth building through property possible. In 1947, starter homes cost between $8,000 and $12,000. That’s $109,000 to $168,000 in today’s dollars.”

https://www.realtor.com/advice/buy/what-is-a-starter-home-the-small-affordable-houses-that-arent-being-built-anymore/

July 20, 2023

4 BR, 3.5 Bath @ 5629 Vinings Place Trail Mableton, Georgia 30126

Please join us this Saturday and Sunday for our next Open House!

Situated in a peaceful neighborhood, this stunning 4 bed/4 bath residence with a main level primary suite, extra living space, and landscaped yard invite you to feel at home!

Take a dip in the refreshing community pool on warm summer days or engage in a friendly match on the tennis court. Commuting is a breeze, with easy access to I-285 and shopping.

To request more info: https://www.feelathome.communityandcouncil.com/featured-listings/5629-vinings-place-trail

Video Tour: https://www.youtube.com/watch?v=oerv58wvz1U

July 18, 2023

Market Updates for Roswell, Johns Creek, & Alpharetta

Roswell, Johns Creek, Alpharetta
Market Stats for the first 14 days of July, 2023

What does this mean? Let’s go have coffee and we can discuss!

June 30, 2023

REPORT DISCRIMINATION – DO NOT STAND FOR IT

To quote Ryan Weyandt, Founder & CEO, LGBTQ+ Real Estate Alliance –

“we ARE your shield against discrimination in the housing industry! We literally exist to serve you through providing our services and assistance in everything from buying and selling homes, to financing them, maintaining, fixing and repairing them, and even doing your estate planning, taxes, and connecting with financial advisors.”

For your reference –

Code of Ethics and Standards of Practice
of the NATIONAL ASSOCIATION OF REALTORS®

Duties to the Public
Article 10
REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity. REALTORS® shall not be parties to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity. (Amended 1/23)
REALTORS®, in their real estate employment practices, shall not discriminate against any person or persons on the basis of race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity. (Amended 1/23)

https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/2023-code-of-ethics-standards-of-practice#public

June 21, 2023June 30, 2023

Home prices won’t fall this year, analyst predict

Very interesting read!

What are your thoughts?

https://finance.yahoo.com/news/home-prices-wont-fall-this-year-analysts-predict-194253534.html

June 19, 2023June 30, 2023

Celebrate Juneteenth

Juneteenth (officially Juneteenth National Independence Day) is a federal holiday in the United States commemorating the emancipation of enslaved African Americans.

Deriving its name from combining June and nineteenth, it is celebrated on the anniversary of the order by Major General Gordon Granger proclaiming freedom for enslaved people in Texas on June 19, 1865 (two and a half years after the Emancipation Proclamation was issued).

Originating in Galveston, Juneteenth has since been observed annually in various parts of the United States, often broadly celebrating African-American culture.

The day was first recognized as a federal holiday in 2021, when President Joe Biden signed the Juneteenth National Independence Day Act into law.
{from the Wikipedia entry}