Leslie Eskildsen with Realty ONE Group, Inc.

Happy Monday!

I hope you had an amazing weekend!

As usual, I like to start the week off with some words of motivation.

"Live with the anticipation that something incredible might happen at any time." - Sharon Gannon

As you begin this new day and the new week ahead, keep the anticipation of the coming holiday cheer with you and enjoy the anticipation of gatherings, meals, gift exchanges, and celebrations. It certainly gives you a different perspecitive if you live in anticipation of something incredible rather than the dread or fear of something not so pleasant. Choose well!!

Have a wonderful day and a fantastic week to come!

The local housing market is going to be HOT in 2021. Here is the forecast:

Active Inventory – the year will begin with around 2,500 homes, the lowest start by far since tracking began in 2004. It will be 21% less than the 3,161 start to 2013. With very few available homes to purchase, housing will be extremely hot on January 1. The theme for 2021 will be not enough homes for buyers to purchase. Instead, they will all be in escrow. Expect the active inventory to peak around August between 5,000 to 5,500 homes.

Demand – with an anemic inventory and record low mortgage rates, buyer demand will be extremely strong from the start of the year through the Summer Market. With tremendous buyer competition, buyers will be willing to stretch slightly in price compared to the most recent sale; so, expect appreciation around 6 to 8% for the year. Demand will be at its strongest, and most appreciation will occur from January through July, and then will downshift during the Autumn and Holiday Markets.

Housing Cycle - the housing market will follow a normal housing cycle. The strongest demand coupled with plenty of fresh inventory will occur during the Spring Market. This will be followed by slightly less demand and a continued new supply of homes in the Summer Market. From there, demand will drop further along with fewer homes entering the fray in the Autumn Market. Finally, all the distractions of the Holiday Market will be punctuated with the lowest demand of the year and few homeowners opting to sell.

Interest Rates – look for mortgage rates to continue to remain at record low levels until the current Coronavirus wave diminishes. Expect rates to rise from the record low levels with positive vaccine and COVID-19 news, congressional relief and stimulus packages, and positive job reports and economic news. Long term rates are driven by economic fundamentals and headline risks. Negative economic headlines drive rates lower and positive economic headlines drive them higher. The year 2020 was filled with more than its fair share of negative news. Mortgage rates will rise in 2021, climbing from their current low of 2.66% to 3.5% by year’s end.

The bottom line: 2021 will continue where the second half of 2020 left off, HOT. It will be a Hot Seller’s Market from the start of the year through the Summer Market. Multiple offers and bidding wars will be the norm for homes priced below $1.25 million. Once again, the market will heavily favor sellers and buyers will have to pack their patience to isolate their piece of the American Dream and take advantage of record low mortgage rates. From mid-August on, the beginning of the Autumn Market, housing will evolve into a slight Seller’s Market, where sellers still get to call more of the shots, but home values do not change as much. Buyers will be willing to stretch prices from January through July, if sellers do not overprice, but cautiously pricing will be even more important during the second half of the year.

Questions? Call, text or email me anytime!

Happy New Year!

This one won't last long! Check out this amazing home in Mission Viejo! Let me know if you want to make an appointment to take a look!!

24582 Via Alvorado, Mission Viejo, California Welcome Home! You'll love this Madrid Casa Blanca in the heart of Mission Viejo. This three bedroom three bath home sits on a corner lot, with new wide plank laminate flooring throughout, upgraded kitchen and bathrooms, and an entertainer's dream backyard with a large covered patio and a sparkling s...

I'll be live this afternoon from 4:30 to 5 for a tour of this fabulous Mission Viejo home. Starting in the backyard. What would you like to see next?

See you later today at my Virtual Open House at this crazy awesome Mission Viejo pool home. No PPE necessary.

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Looking for move-in ready? Check out the remodeled homes for sale in OC --->>> http://bit.ly/2t3ooYF

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Today's buyers are attracted to homes that are on trend. See what's hot in decor this fall.

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It's looking like a beautiful weekend here in Orange County. Here are some fun things to do... :)

8 Fun Things To Do this Weekend in Orange County If you’re looking for something fun to do this weekend in Orange County, then look no further! You can attend a Full Moon Drum Circle, Noche de Altares (Day of the Dead), a Holiday Arts & Crafts Faire, Pumpkin Launch & more! Taste of San Clemente is Friday 11/3 from 6-10pm at the historic Casino San...

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Happy Halloween from my house to yours!

If somebody had died in the home you are thinking about buying, would you want to know?

Happy Friday! Wishing you a wonderfully fun weekend!

Fun Halloween Events and More this Weekend in Orange County There are a lot of events to choose from this weekend in Orange County. There are 11 Halloween events, SoCal VegFest, Corgi Beach Day, International “Observe the Moon” Night & more! Don’t forget to enter to win a $100 gift card from Wahoo’s Fish Taco —> bit.ly/2i69sko Laguna Niguel’s Haunted Trails…

Live the OC dream in Portola Hills!

Family-friendly neighborhoods, award-winning schools, resort-like amenities, close to hiking, biking, horse trails, & shops, affordable & NO MELLO ROOS.

See what's available in your price range --->> http://bit.ly/2i39bSv

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10 Ways to Make Every Room Appeal to Buyers - Freshome.com Let’s face it, when you are trying to sell your home, buyer appeal is the only appeal that matters! The difference between your competition’s house and yours can be huge. If you want to impress your buyers then you have to take off the owner ‘hat’ and put on the buyer ‘hat’. Walk through your …

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Okay, now I'm inspired. How about you???

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