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NAR Settlement National Association of REALTORS® Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers March 15, 2024 National Association of REALTORS® Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers March 15, 2024 Media Contact: Suzanne Bouhia 202-383-1050 CHICAGO (March 15, 2024) – The National Association of REALTORS® (NAR) today announced an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The agreement would […]
Home Market Why Today’s Seller’s Market Is Good for Your Bottom Line Why Today’s Seller’s Market Is Good for Your Bottom Line Thinking about selling your house and wondering if now’s a good time to do it? Here’s what you need to know. Even though the number of homes for sale has been growing this year, there still aren’t enough homes on the market for all the buyers who want to […]
Home Market Why We Aren’t Headed for a Housing Crash Why We Aren’t Headed for a Housing Crash If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows. And spoiler alert: that’s not in the cards. Instead, experts say home prices are going to keep going up. Today’s market is very different […]
Home Market Don’t Let the Latest Home Price Headlines Confuse You Don’t Let the Latest Home Price Headlines Confuse You Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture. If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies […]
Home Market Houses Are Still Selling Fast Houses Are Still Selling Fast Have you been thinking about selling your house? If so, here’s some good news. While the housing market isn’t as frenzied as it was during the ‘unicorn’ years when houses were selling quicker than ever, they’re still selling faster than normal. The graph below uses data from Realtor.com to tell the story of median days on the […]
Home Market 2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers 2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for […]
Home Market Ways Your Home Equity Can Help You Reach Your Goals Ways Your Home Equity Can Help You Reach Your Goals   If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this: “. . . your home’s equity is the difference […]
Home Market We’re in a Sellers’ Market. What Does That Mean? We’re in a Sellers’ Market. What Does That Mean? Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list […]
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Home Market Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance   To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory […]
Home Market Wondering What’s Going on with Home Prices? Wondering What’s Going on with Home Prices? The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices. Local price trends still vary by […]
Home Market What You Should Know About Closing Costs What You Should Know About Closing Costs Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on […]
Home Market Experts Forecast a Turnaround in the Housing Market in 2023 Experts Forecast a Turnaround in the Housing Market in 2023 The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation […]
Home Market Lower Mortgage Rates Are Bringing Buyers Back to the Market Lower Mortgage Rates Are Bringing Buyers Back to the Market As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, rates are beginning to come […]
Home Market The 3 Factors That Affect Home Affordability The 3 Factors That Affect Home Affordability If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . […]
Home Market What’s Really Happening with Home Prices?  What’s Really Happening with Home Prices? Some Highlights If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly […]
Property Tax Proposition 19 – Changes to Property Tax Base for Inherited & Transferred Property PROPOSITION 19 Refer to the LA County Assessor Website for More Information: https://assessor.lacounty.gov/prop19 Inheriting Property Proposition 19 is a Constitutional Amendment that imposes new limits on property tax benefits for inherited family property. Under Proposition 19 (effective February 16, 2021), a child or children may keep the lower property tax base of the parent(s) ONLY if […]
Home Market The Housing Market Remains a Rare Bright Spot   The housing market remains a rare bright spot, despite a slow recovery in the economy. Rather than slowing down for the winter, the housing market in California is showing signs of accelerating as we enter December. Both the backward- and forward-looking indicators suggest that November and December will maintain the double-digit pace in closed […]
Home Market Housing Market onto the Right Path According to the June 3, 2020 California Economic and Housing Market Update report from the Deputy Chief Economist for the California Association of Realtors, there are several indicators pointing to the housing market getting onto the right path. New listings, pending sales, and showings are up since mid-April. More people are heading back to work and the number […]
Home Market Real Estate Reactivating After weeks of stay-at-home orders, Sellers and Buyers are resurfacing, and it seems like the real estate market is getting reactivated. Some Sellers and Buyers are feeling uncertain in these times; but over a 24-year career, I’ve helped my clients in every market condition imaginable. Although COVID-19 is like no other situation we’ve seen, I am […]
Safer at Home Real Estate During Safer at Home I hope you and your family are doing well and staying healthy and safe. This is a difficult season for all of us; but I trust that you are making the most of this downtime and are able to focus on the things that are truly important. The real estate market is still active and […]

MICHAEL GALIEOTE REALTOR® DRE 01205719 m: 818.486.6453 | o: 818.488.8052 | MichaelGalieote@Gmail.com

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