Tuesday, April 17, 2018



April 2018

Thank you for reading our newsletter. In light of limited inventory, we found this article of interest this month. We look forward to being a resource for all of your real estate needs.
Happy Spring, Amanda, Pamela & Jace 

New California legislature could provide opportunity for long-time owners

Source: CNBC - March 26th, 2018

A proposed ballot initiative in California could encourage older homeowners with larger homes to downsize and move to other counties, freeing homes for younger families and potentially easing the state's chronic housing shortage.

The proposed voter measure would allow homeowners age 55 and older to sell their primary home in one county and move anywhere else in California without a significant property tax hit, assuming the new property is valued the same or less. If the replacement property is higher value, though, there are still incentives under the portability measure since it keeps property tax benefits under the citizen-led Proposition 13 tax rate rollback passed in the 1970s.

"Many seniors live in homes that no longer fit their needs because their homes are now too big or too far away from their families," said Steve White, president of the California Association of Realtors, the group behind the proposal. "If they want to downsize or move closer to their children, they could face property tax increases of 100 percent, 200 percent or even 300 percent."

In recent years, 350,000 to 450,000 homes have sold in the California market annually, according to the Legislative Analyst's Office. It estimates that the proposed measure has the potential to increase that number "by as much as tens of thousands per year."

Finally, the California Chamber of Commerce supports the voter measure and says the state has "a massive housing shortage and needs at least 100,000 additional new units a year to meet demand." It also believes the initiative "could help ease the shortage by freeing up modest-priced homes and move-up housing for young families.

Full Article:

Amanda has received a nomination in the Orange County Business Journal Women of the Year Awards!

Thanks to our clients and friends who support us in making a nomination like this possible!

New Listing! 3095 Nestall Road, Laguna Beach
Enjoy fantastic canyon and city views from this Top of the World single level three bedroom home at the end of the cul-de-sac.

In Escrow!
245 Aster St. #3, Laguna Beach

Representing Sellers


April 2018 Laguna Beach Statistics

Active - 255
Pending - 53
Sold in March - 33

6 - Less than $1,000,000 (0 in March)
14 - $1,000,000 - $2,000,000 (+56%)*
8 - $2,000,000 - $3,000,000 (+100%)*
3 - $3,000,000 - $4,000,000 (-43%)*
1 - $5,000,000 

*Compared to March 2017

We are always happy to meet with you or any of your referrals to discuss personal real estate situations and needs. Let's talk about your goals and create a timing strategy for buying or selling.

Thursday, March 22, 2018



March 2018

How self-employed borrowers can get the best rates
Source, OC Register, Jeff Lazerson, March 8, 2018
Rate news summary

From Freddie Mac’s weekly survey: Average rates are on the verge of breaking the 4.5 percent barrier. The 30-year fixed averaged 4.46 percent, up 3 basis points from last week and just 4 basis points shy of 4.5 percent. It’s the ninth week in a row of rising rates.
The 15-year fixed averaged 3.94 percent, up 4 basis points in a week to the highest rate in almost seven years. The 15-year also has gone up for nine straight weeks, with increases in 18 of the past 23 weeks.
The Mortgage Bankers Association reported loan application volume was unchanged from the previous week.
Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conforming $453,100 loan, last year’s rate of 4.21 percent and payment of $2,218 was $67 less than this week’s payment of $2,285.

Locally, well-qualified borrowers can get the following fixed-rate mortgages at zero point cost: A 15-year at 3.875 percent, a 30-year at 4.375 percent, a 15-year agency high-balance ($453,101 to $679,650) at 4.125 percent, a 30-year agency high-balance at 4.625 percent, and a 30-year jumbo (over $679,650) is at 4.75 percent.

Tax season is now. So, it’s income optimization time for self-employed borrowers (anyone that owns 25 percent or more of any business). Well, at least for those applying for mortgage credit in the near future.
You don’t necessarily need to be self-employed for two years. Fannie Mae and Freddie Mac have specific parameters that may allow one-year self-employed borrowers to qualify.
Doctors are a separate category for a few jumbo investors (above Fan and Fred’s loan limits), offering financing for one year of self-employment.
Rule number one is you can’t have your cake and eat it too. That is, don’t whittle away your taxable income by under-reporting to Uncle Sam and then get mad the mortgage contact can’t qualify you for the home you are eyeing. Explain your general down payment, loan amount and monthly maximum payment parameters to your lender. Send along copies of any documentation your lender requires.
Planning ahead is the key to understanding your maximum mortgage qualifications.


Represented Both Seller and Buyers
"Amanda is a total rock star who I would definitely use again and recommend to anyone looking for a knowledgeable agent! She went over and above our expectations."

Represented Seller
"Thank you so much for everything. You all do so much for me and I'm very grateful."


1594 Skyline Drive, Laguna Beach $3,395,000

2561 Park Ave, Laguna Beach  $3,099,000

22190 Paseo Del Sur, Laguna Beach $2,799,000

In Escrow - 3322 Via Carrizo #B Rep. Seller

In Escrow - 30902 Clubhouse #8D, Rep. Seller


Active - 227
Pending - 47
Sold -  16 closed in February

0 - Less than $1,000,000
7 - $1,000,000 - $2,000,000
5 - $2,000,000 - $3,000,000
2 - $3,000,000 - $4,000,000
1 - $4,000,000 - $5,000,000
1 - $12,000,000



Amanda, Pamela & Jace Horton provide a comprehensive source of information and services for anyone buying or selling property. Their services are of the highest quality, guaranteed with proven results.

C 949.422.6122

Tuesday, February 20, 2018



February 2018

In light of low inventory, we found this article of interest this month. Thanks for reading and as always, we are here to help so let us know how we may be of assistance! 


Shopping for a home? It will take longer than you think

Source, CNBC February 13, 2018

Homes today are selling in about 40 days on average, almost two weeks faster than a year ago. But it is taking a lot longer for shoppers to find a home to buy.
Two-thirds of buyers are shopping for more than three months before signing a deal, according to a new survey from the National Association of Home Builders. Why so long? They can't find a home they can afford.
Forty-two percent of buyers surveyed said prices were out of reach for the homes they wanted. Home prices have been rising at a fast clip in the past year – faster than income growth and inflation. The primary reason is a lack of homes for sale, especially lower-priced homes.
"It's the inventory problem that we're having out there that is causing these long delays in pulling the trigger," said Rose Quint, assistant vice president for survey research at the NAHB. "It's lack of affordability, although the other problems are serious as well."
About a third of those surveyed said they couldn't find a home with features they wanted or in a neighborhood they wanted. Back to prices though, 27 percent said they kept getting outbid on their offers. Bidding wars are now the rule, not the exception, in most major U.S. markets.
The lack of supply should benefit the homebuilders, and it may be already. Mortgage applications to purchase a newly built home jumped 18 percent in January compared with a year ago, according to the Mortgage Bankers Association.
"This complements other positive news on U.S. job growth suggesting that economic fundamentals are strong," said Lynn Fisher, MBA vice president of research and economics, in a release. "Based on applications, we estimate that new home sales were running at a pace of 700,000 on a seasonally adjusted annual basis – the highest such estimate in our survey which began in 2013."
The jump in demand is sizable, but the number of new homes for sale is still below historical averages and far below the number needed to satisfy both new and pent-up demand. The largest generation, millennials, are now moving into their homebuying years in force, but clearly not finding what they can afford.
The NAHB is predicting a 5 percent increase in new home construction in 2018 compared with 2017. The market could absorb far more, not just in major metropolitan areas, but across the nation.


Represented Buyers- "We couldn't have asked for anything better. In a multiple offer situation your keen negotiating secured us our home. Thanks for a great job every step of the way."


In Escrow - 978 Meadowlark  Rep. Seller/Buyer

In Escrow - 31423 Coast Hwy #55  Rep. Seller

Coming Soon - 2561 Park Avenue $3,099,000

http://www.1594Skyline.com $3,395,000

http://www.22190PaseoDelSur.com $2,799,000

http://www.990SantaAna.com $1,895,000

http://www.3322ViaCarrizoB.com $575,000

http://www.30902Clubhouse8D.com $549,000

For Lease - 9 Woodswallow, Aliso Viejo $3,300/month. In LBUSD school boundaries.



Active - 221
Pending - 42
Sold -  30 closed in January

5 - Less than $1,000,000
13 - $1,000,000 - $2,000,000
4 - $2,000,000 - $3,000,000
6 - $3,000,000 - $4,000,000
1 - $4,000,000 - $5,000,000
1 - $12,900,000



Amanda, Pamela & Jace Horton provide a comprehensive source of information and services for anyone buying or selling property. Their services are of the highest quality, guaranteed with proven results.

C 949.422.6122


Monday, October 9, 2017


Happy Fall Everyone!

Increased market times are causing price reductions on the higher end to occur. Contact us for a personalized perspective on the market and how it pertains to your possible sale or purchase!

Source: OC Register, September 19, 2017:

Hefty discounts get Laguna Beach homes selling
Laguna Beach home sellers got the county’s second highest prices in August, but it took the second largest discounts to get the deals done.
Here are highlights of ReportsOnHousing house-hunting data for resales of existing detached and attached residences in the community. Analysis includes August trends based on closed sales: sale counts; average price vs. average list price; high and low price paid in the month; average cost per square foot and average size; plus, based on broker listing networks stats on Sept. 7, the “market time” metric comparing supply of listings to new escrows opened in past 30 days.
In Laguna Beach …
Sales: 35 sold vs. 32 a year ago.
Average sales price: $2,452,114, second highest out of 46 Orange County markets tracked and was down 11.4 percent in a year.
Compared to list: Sellers got 95.7 percent of what they typically asked for, second worst of the 46 markets.
Range: High sale of $8.5 million vs. a $285,000 low.
Sizing: On average, buyers paid $1,240 per square foot on a 1,978 square-foot residence. This pricing metric was off 0.7 percent in a year.
Market speed: 209 days, listing to escrow opened vs. 294 days a year ago and 231 days two years ago.

Currently Listed in Laguna Beach
For Lease
2841 Ridge Drive $9,000/month

Coming In November For Lease:
Mountain View Drive

For Sale

New Personalized Home Search Tool

Surterre Properties is excited to announce a partnership with RealScout, a new home search service that allows for personalized search customization, allowing you to look for more specific features and traits such as: “contemporary,” “fixer-upper”, “natural light,” “open floor plan,” and more!
Give it a try and let us know how you like it! You may also as always search our web site for property at www.HortonsInLaguna.com.

October 2017 Laguna Beach Statistics 

Active - 261
Pending - 54
Sold - 29 in September

3 - Sold less than $1,000,000
14 - $1,000,000 - $2,000,000
5 - $2,000,000 - $3,000,000
6 - $3,000,000 - $4,000,000
1 - $7,850,000 

Thursday, September 7, 2017


How's the Market? 

Presently in California: Source California Association of Realtors August 2017

The combination of high prices and high demand in California have combined to create an environment of record low affordability. With the economy sustaining wage growth and low unemployment rates, households who have finally saved enough to buy have rushed to buy homes while long term mortgage rates remain low.

Looking ahead, the CoreLogic HPI Forecast indicates that home prices will increase by 5 percent on a year-over-year basis from July 2017 to July 2018, and on a month-over-month basis home prices are expected to increase by 0.4 percent from August 2017 to September 2017. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

Presently in Orange County: Source Surterre Properties managerial report based on MLS market and company statistics.

The market does not have enough inventory to supply buyers.

The demand for homes under $750,000 has doubled since this time last year.

$750,000-$1,000,000 = Days on market is 56 compared to 84 in 2016.

$1,000,000-$1,500,000 = Days on market is 110 compared to 114 in 2016.

$1,500,000-$2,000,000 = Days on market is 104 compared to 130 in 2016.

$2,000,000 and over  = Days on market is 178 compared to 304 in 2016. 

Just Sold! 983 Noria Street Laguna Beach
An Open House Success Story -Ask us how!
Represented Buyers and Sellers 
Both parties so pleased with our services and we are so honored to have assisted in the process. 

September 2017 Laguna Beach Statistics

Active - 263
Pending - 52
Sold in August - 35

5 - Less than $1,000,000
18 - $1,000,000 - $2,000,000
4 - $2,000,000 - $3,000,000
2 - $3,000,000 - $4,000,000
3 - $4,000,000 - $6,000,000
3 - $6,000,000-$9,000,000

We are always happy to meet with you or any of your referrals to discuss personal real estate situations and needs. Let's talk about your goals and create a timing strategy for buying or selling.

Wishing you all a wonderful end of summer season!
-Amanda & Pamela