JULY 2018 ORANGE COUNTY REAL ESTATE NEWS

HORTON TEAM REAL ESTATE NEWSLETTER  JULY 2018

Thank you for reading our newsletter. This month instead of real estate news we decided to share festival news! Enjoy your summer and the many fun events going on in town. As always, we look forward to being a resource for all of your real estate needs. All the Best, Amanda, Pamela & Jace   JUST SOLD 1594 Skyline Drive $3,000,000 May 2018  Represented Seller 22190 Paseo Del Sur $2,510,000 June 2018   Represented Seller & Buyer 1075 Noria Street $1,800,000 June 2018   Represented Buyer 3095 Nestall Road $1,385,000 June 2018   Represented Seller 245 Aster #3 $799,000 July 2018   Represented Seller Currently Listed 2561 Park Avenue, Laguna Beach Half acre ocean view estate  $3,099,000  http://www.2561Park.com 1098 Wykoff Way, Laguna Beach Modern remodeled, ocean views $1,599,000 http://www.1098Wykoff.com 946 Quivera Street, Laguna Beach Beach home perfection, superb views $1,475,000 http://www.946Quivera.com 30902 Clubhouse 8D, Laguna Niguel Rare end unit with 2 car garage in La Vista $520,000 http://www.30902Clubhouse8D.com   July 2018 Laguna Beach Statistics Active - 284 Pending - 46 Sold in June - 41 2 - Less than $1,000,000 24 - $1,000,000 - $2,000,000  8 - $2,000,000 - $3,000,000 2 - $3,000,000 - $4,000,000 5 - $5,000,000+   LEARN MORE Amanda Horton  Pamela Horton Jace Horton The Horton Team provides 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 F 949.464.3371 Amanda@AmandaHorton.com HortonsInLaguna.comBRE#01357056 BRE#01013024 BRE#02050612

JUNE 2018 ORANGE COUNTY REAL ESTATE NEWS

HORTON TEAM NEWSLETTER 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  Swift home-price growth and the ongoing climb in mortgage rates this year have made buying a home more expensive, but home sales are still on track to squeak out a gain in 2018, according to Freddie Mac’s (OTCQB:FMCC) May Outlook. 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 http://www.2561Park.com $3,099,000 4 bedroom, 3,764 sq ft home on half acre http://www.1098Wykoff.com $1,599,000 3 bedroom remodeled ocean, canyon view home  http://www.946Quivera.com $1,475,000 3 bedroom remodeled coastline view home  http://www.30902Clubhouse8D.com $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 LEARN MORE AMANDA, PAMELA & JACE 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 Amanda@AmandaHorton.com HortonsInLaguna.com BRE#01357056 BRE#01013024

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

APRIL 2018 ORANGE COUNTY REAL ESTATE NEWS

HORTON TEAM REAL ESTATE NEWSLETTER 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: https://www.cnbc.com/2018/03/25/california-tax-break-measure-could-help-ease-states-housing-crunch.html 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. http://www.3095Nestall.com 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.