MAY 2018 ORANGE COUNTY REAL ESTATE NEWS

AMANDA HORTON & PAMELA HORTON REAL ESTATE NEWSLETTER May 2018

Southern California housing ranked with 'minimal risk' of a bubble Source, OC Register, Jonathan Lanser, April 29th, 2018 Amidst talk of bubbles, Southern California home prices are very unlikely to fall, according to Mortgage Insurance firm Arch MI. Arch MI gauged the economic foundations of home values in 100 major metropolitan areas to determine local housing markets with “minimal” risk. Locally, Arch MI found solid performance among regional businesses and limited development of new homes as factors that should keep home prices firm. Orange County was the riskiest market in the region — if having a 4 percent risk of a price decline in the coming two years is what you consider dicey. That compares with the county’s 28-year historical average of 25 percent chance of falling home values. Arch MI doesn’t find much risk out of the region either: The nationwide risk of decline was 5 percent even after home prices rose 12.6 percent in two years. Yes, that was up from 2 percent a year ago. “Housing markets in most cities are exceptionally strong due to a shortage of homes for sale,” Arch MI wrote. “Construction has lagged the growth in households and employment for nearly a decade. Even recent interest rate increases and higher taxes on some upper-income earners didn’t slow the market, as many had feared.” “Housing markets aren’t likely to cool until the economy slows, either from substantially higher interest rates or an unexpected economic shock,” Arch MI wrote. “Short of a war or stock market crash, housing markets could continue to surprise on the upside over the next few years.” CURRENTLY LISTED 2561 PARK AVE, LAGUNA BEACH  $3,099,000 WWW.2561PARK.COM 30902 CLUBHOUSE 8D, LAGUNA NIGUEL $535,000 WWW.30902CLUBHOUSE8D.COM COMING SOON  HOMES ON WYKOFF WAY, QUIVERA STREET IN ESCROW - REPRESENTING SELLERS 1594 SKYLINE DRIVE, LAGUNA BEACH 22190 PASEO DEL SUR, LAGUNA BEACH 3095 NESTALL ROAD, LAGUNA BEACH 245 ASTER ST #3, LAGUNA BEACH   MAY 2018 LAGUNA BEACH STATISTICS Active - 261 Pending - 43 Sold -  43 closed in April 6 - Less than $1,000,000 15 - $1,000,000 - $2,000,000 6 - $2,000,000 - $3,000,000 5 - $3,000,000 - $4,000,000 3- $4,000,000 - $5,000,000 5 - $5,000,000 - $10,000,000 1 - $10,050,000 1 - $15,500,000 LEARN MORE AMANDA, PAMELA & JACE 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 Amanda@AmandaHorton.com HortonsInLaguna.com BRE#01357056 BRE#01013024 BRE#02050612