Wednesday, June 20, 2018



June 2018

Happy Summer Everyone!

Contact us for a personalized perspective on the market and how it pertains to your possible sale or purchase! Here is an article we found of interest this month. Source: Nasdaq NewsFeed, May 24, 2018:


Freddie Mac May Outlook: Homebuyers Showing Resiliency Amidst Limited Supply and Affordability Constraints 

Through the first five months of 2018, home shoppers have battled the trifecta of climbing home prices, higher mortgage rates and low supply. Despite these obstacles, Freddie Mac expects the healthy economy and strong consumer confidence to lead to a 3.0 percent increase in total home sales (new and existing) this year.
“While this spring’s sudden rise in mortgage rates are taking up a good chunk of the conversation, it’s the stubbornly low inventory levels in much of the country that are preventing sales from really taking off like they should be,” said Freddie Mac Chief Economist Sam Khater. “The underlying demand for buying a home is holding up, and will continue to do so, as long as the economy is generating solid job and income growth. Most markets simply need a lot more new and existing supply to cool price growth and give buyers enough choices.”
May Outlook Highlights 
  • Gross Domestic Product (GDP) in the first quarter slowed (2.3 percent) from the end of last year (2.9 percent). Fueled by an increase in consumer spending, economic growth should pick up to 3.1 percent in the second quarter and 2.7 percent for the full year.  
  • The uptick in interest rates is expected to continue. The 30-year fixed-rate mortgage is forecast to average 4.9 percent by the end of the year.
  • Despite strong demand, low supply continues to slow sales growth and put upward pressure on price appreciation. Total home sales this year are forecasted to increase 3.3 percent year-over-year to 6.32 million. Even as mortgage rates rise, home prices are expected to increase 7.0 percent this year.
  • The negative impact of higher mortgage rates on refinance activity will outweigh the expected increase in purchase origination volume. Originations are forecasted to fall about 6.0 percent in 2018 to $1.75 trillion.


Just Sold in Laguna Beach
1594 Skyline Drive  Represented Sellers

1075 Noria Street  Represented Buyers

In Escrow - 3095 Nestall closing this week - Represented Sellers

In Escrow - 22190 Paseo Del Sur closing end of June - Represented Sellers, Buyers


Currently Listed

$3,099,000 4 bedroom, 3,764 sq ft home on half acre

$1,599,000 3 bedroom remodeled ocean, canyon view home
$1,475,000 3 bedroom remodeled coastline view home
$520,000 2 bedroom condo in Laguna Niguel 

For Lease
21797 Ocean Vista Drive $4,500/month

June 2018 Laguna Beach Statistics 

Active - 283
In Escrow - 53
Sold - 30 closed in May

2 - Sold less than $1,000,000
16 - $1,000,000 - $2,000,000
5 - $2,000,000 - $3,000,000
4 - $3,000,000 - $4,000,000
1 - $9,100,000 
1- $18,333,000
1 - 23,000,000


Amanda Horton, Pamela Horton and 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