Blog - Leagan Realty

What’s Ahead For Mortgage Rates This Week – July 14th, 2025

July 14, 2025 by Lisa Eagan

This was an extremely light release week with only the Consumer Credit Report. The amount of expected credit was expected to rise but only showed half the growth — a sign that things are still in stable condition. The most important reports will be featured with next week’s releases of inflation data in the Consumer Price Index (CPI) and the Producer Price Index (PPI), as well as the Federal Reserve’s Beige book. The Trump Administration has also further extended the pauses on the tariffs which has been a welcome relief.

Consumer Credit
Total U.S. consumer credit growth slowed to a $5.1 billion gain in May, down from a $16.9 billion rise in the prior month, the Federal Reserve said Tuesday. That translates to a 1.2% annual rate in May, down from a 4% rise in the prior month.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw an increase of 0.06% for this week, with the current rates at 5.86%
• 30-Yr FRM rates saw an increase of 0.05% for this week, with the current rates at 6.72%

MND Rate Index
• 30-Yr FHA rates saw an increase of 0.08% for this week, with the current rates at 6.35%
• 30-Yr VA rates saw an increase of 0.08% for this week, with the current rates at 6.37%

Jobless Claims
Initial Claims were reported to be 227,000 compared to the expected claims of 235,000. The prior week landed at 232,000.

What’s Ahead
Consumer Price Index, Producer Price Index, and the Beige Book will be huge determining factors on the direction of decisions for the Federal Reserve.

Tips for Selling a Home with Small Bedrooms

July 11, 2025 by Lisa Eagan

When it comes to selling a home, not every room needs to be oversized to impress potential buyers. While large bedrooms may be ideal, smaller spaces can still add value if they are presented well. If your home has compact bedrooms, there are strategic ways to highlight their functionality, comfort, and charm. With the right approach, you can turn a perceived drawback into a unique selling point.

Focus on Function and Purpose
Buyers want to visualize how they will use each room. Help them see the potential of a smaller bedroom by staging it with intention. Consider setting it up as a child’s room, a guest room, or even a stylish home office. Adding thoughtful touches like a small desk or reading nook can help buyers understand the versatility of the space.

Use Light and Color to Create Openness
Light has a major impact on how spacious a room feels. Keep curtains light and airy, or remove them altogether to let in natural sunlight. Use soft, neutral colors on the walls to reflect light and open up the space visually. Mirrors are also a great tool. Strategically placed mirrors can make a small room feel twice its size and add an element of style.

Maximize Storage Solutions
Clutter can quickly make a small bedroom feel even smaller. Make sure the room is clean, organized, and free from excess furniture. Use clever storage solutions like under-bed bins, wall-mounted shelves, or multi-functional furniture to demonstrate how buyers can stay organized without sacrificing space. A tidy room with smart storage can give the impression of more square footage.

Highlight What the Room Offers
While it may be tempting to apologize for the room’s size, focus instead on what it provides. Talk about the quality of natural light, a great view, or the quiet location within the home. If the bedroom is close to a bathroom or has a large closet, make sure to emphasize those benefits.

Stage for Scale
Avoid using furniture that overwhelms the room. Choose pieces that fit the space and leave plenty of room to move around. A twin or full-size bed, rather than a queen, may be more appropriate in a smaller bedroom. Keep decor simple and proportional. A few well-chosen accents can enhance the room without making it feel crowded.

Market the Whole Package
Remember that buyers are looking at the home as a whole. If the living room, kitchen, and main bedroom are spacious, a smaller secondary bedroom will not be a deal-breaker. In fact, some buyers may appreciate a cozier space for guests, children, or hobbies. Focus on the home’s strengths and show how every room serves a purpose.

Selling a home with small bedrooms does not have to be a challenge. With thoughtful staging, smart design choices, and a clear focus on function, you can help buyers see the true potential of every space. The key is to shift the conversation from square footage to livability.

The Pros and Cons of Buying a Vacation Home

July 10, 2025 by Lisa Eagan

The idea of owning a vacation home is a dream for many. Imagine having a personal getaway spot to escape the everyday hustle, a place where you can unwind and make memories with family and friends. While the idea is appealing, owning a second home is a big decision that comes with both advantages and responsibilities. If you are considering purchasing a vacation home, it is important to weigh the pros and cons before moving forward.

The Pros of Buying a Vacation Home

Consistent Access to Your Favorite Destination
One of the biggest advantages of owning a vacation home is the ability to return to a place you love as often as you want. Whether it is a mountain cabin or a beachside retreat, having your own space means you can enjoy familiar comforts and routines while getting away from it all.

Potential for Rental Income
Many vacation homeowners choose to rent out their property when they are not using it. This can help offset mortgage payments, property taxes, and maintenance costs. With the right location and marketing strategy, a vacation rental can generate a healthy stream of income.

Long-Term Investment
Real estate is often a strong long-term investment. A vacation home can appreciate over time, especially if it is in a desirable location. Even if you are not using it year-round, the property may build equity and provide a return if you decide to sell in the future.

Family Legacy and Personal Enjoyment
A vacation home can become a place for generations to gather, creating lasting traditions and memories. Owning a home that your family can return to again and again offers more than just financial value. It is about building a lifestyle.

The Cons of Buying a Vacation Home

Ongoing Maintenance and Costs
A second home means double the upkeep. From regular maintenance to unexpected repairs, the costs can really add up. If the property is far from your primary residence, managing those needs can be especially challenging without local support.

Financing and Insurance Considerations
Securing a mortgage for a vacation home can be more complex than for a primary residence. Interest rates may be higher, and lenders may require a larger down payment. In addition, properties in certain areas, such as coastal regions, may need specialized and more expensive insurance coverage.

Limited Use and Market Fluctuations
Some owners find that they do not use their vacation home as much as they expected. Life gets busy, and travel plans change. Also, vacation destinations can be affected by economic shifts and seasonal demand, which can impact rental income or resale value.

Responsibility When Renting Out
Renting your home to guests can be profitable, but it also comes with responsibility. From cleaning and maintenance to guest communication and local regulations, it can feel like managing a small business. Using a property manager can help, but that comes at a cost.

Owning a vacation home can be a rewarding experience, but it is important to plan carefully. Consider your long-term goals, financial readiness, and lifestyle needs. A real estate professional can help you evaluate options and find the right fit if you decide to make your dream vacation home a reality.

The Benefits of Using a Real Estate Agent and Why You Need a Pro on Your Side

July 9, 2025 by Lisa Eagan

Buying or selling a home is one of the biggest financial decisions most people will ever make. With so much at stake, having a real estate professional on your side is not just helpful, it is essential. A licensed agent brings knowledge, negotiation skills, and peace of mind to the process, helping you avoid costly mistakes and make confident choices.

Expert Guidance from Start to Finish
A real estate agent understands the local market inside and out. From pricing a home correctly to identifying red flags during a showing, agents provide expert advice every step of the way. They keep up with trends, laws, and regulations, which means you benefit from current knowledge and up-to-date strategies.
For buyers, this means access to homes that fit your needs and budget, often before they even hit the public market. For sellers, it means creating a pricing strategy that attracts interest while protecting your bottom line.

Skilled Negotiation You Can Trust
Negotiation is one of the most critical aspects of any real estate transaction. Whether it is securing the best deal on a purchase or managing offers on a listing, agents know how to advocate for their clients. They can identify when to push, when to hold firm, and how to structure offers that stand out in competitive situations.
Without an experienced negotiator, buyers risk overpaying or missing out, while sellers may leave money on the table or face unnecessary delays.

Access to a Professional Network
Real estate agents have access to a wide network of professionals, including mortgage lenders, home inspectors, appraisers, contractors, and closing attorneys. These connections can save you time, money, and stress. Instead of searching for trusted service providers on your own, you can rely on your agent’s recommendations, knowing they are vetted and experienced.

Time Savings and Reduced Stress
Buying or selling a home involves many moving parts. From paperwork and deadlines to showings and inspections, the process can quickly become overwhelming. A real estate agent manages all of it behind the scenes, ensuring nothing falls through the cracks.

They handle all of the communication with other agents, schedule appointments, organize paperwork, and provide regular updates so that you always know where things stand. Having someone take care of the details lets you focus on the big picture and make informed decisions without unnecessary stress.

You Get a Professional Advocate
Above all, your agent is your advocate. They work for you and your best interests. Whether you are a first-time buyer, a seasoned investor, or a seller looking to maximize your return, having a professional on your side helps you feel more confident and protected throughout the process.

Real estate is more than a transaction, it is a journey. Having a knowledgeable, dedicated professional by your side can make all the difference. If you are planning to buy or sell, do not go it alone. Partner with a real estate agent who will guide, support, and advocate for you every step of the way.

How the Pandemic Reshaped Real Estate

July 8, 2025 by Lisa Eagan

More than two years have passed since the official end of the pandemic emergency, but the ripple effects continue to shape how people buy and sell homes. From remote work to rising costs, the real estate landscape has changed, and buyers and sellers need to understand the trends that continue to drive the market.

The shift toward remote and hybrid work has outlasted the pandemic itself. This freedom has allowed many buyers to prioritize lifestyle over commute time. Suburban and rural areas have gained popularity, offering more space and affordability. For sellers in these areas, this has created fresh opportunities to reach motivated buyers who are looking for a change.

Although home prices have cooled in some regions, affordability is still a concern. Many buyers are grappling with higher interest rates compared to the historic lows of 2020 and 2021. This shift has reduced purchasing power and made budgeting more important than ever.

Sellers may notice that buyers are more cautious and strategic. Pricing a home competitively and presenting it in top condition is essential. Buyers, in turn, are carefully weighing their options and often prioritizing long-term value over short-term appeal.

The low inventory that defined the pandemic years has not fully rebounded. Many homeowners are holding on to low-rate mortgages and choosing to stay in place rather than list their homes. This keeps competition strong for the limited number of properties on the market.

However, new construction has started to gain traction in some areas, providing hope for increased inventory in the coming year. Sellers should be aware that they may be competing with brand-new homes and will need to highlight their home’s unique features and value.

Buyers today are not just thinking about the number of bedrooms. They want homes that support modern lifestyles. This includes dedicated office space, energy-efficient upgrades, outdoor areas for entertaining, and smart home features.

Sellers who invest in these kinds of improvements, or who simply highlight them in their marketing, can attract more interest and potentially higher offers.

The real estate market continues to evolve, shaped by changing work patterns, economic pressures, and shifting lifestyle preferences. Buyers are more intentional, and sellers need to be more strategic. Success in today’s market requires flexibility, knowledge, and the right guidance.

Whether you are planning to buy your first home or thinking about selling, understanding the trends that emerged after the pandemic will help you make confident and informed decisions.

What’s Ahead For Mortgage Rates This Week – July 7th, 2025

July 7, 2025 by Lisa Eagan

With next week featuring both the CPI and PPI reports, the release schedule for this upcoming week will be extremely light. This previous week featured a small number of notable data releases. First being the trade deficit which has shown a sharp decline due to the tariff policies, but has increased again with the pause on tariffs. The manufacturing sector has seen growth as well with the PMI Manufacturing data, but inflation also proves to have grown just as much. Lastly, employment numbers have shown a stronger than expected labor market, but there are still expectations that things will cool further.

Manufacturing PMI
The headline index from the report, the seasonally adjusted S&P Global US Manufacturing Purchasing Managers’ Index, improved to 52.9 in June, from 52.0 in May. The latest reading was the highest since May 2022, and indicative of a solid rate of expansion. It was also the sixth successive month in which the PMI has posted above the critical 50.0 no-change mark.

Manufacturers recorded a first rise in production for four months. Growth was the second-steepest since March 2024, surpassed only by February’s near three-year record.

Employment Data
The U.S. added a decent 147,000 jobs in June, pointing to resilience in the labor market. But the pace of hiring has slowed since last year as businesses grapple with trade wars and the crackdown on immigration. About half of the new jobs were created by state and local governments, taking some shine off a seemingly solid report. The private sector only added 74,000 jobs, marking the smallest increase in eight months.

Trade Deficit
The U.S. goods and services trade deficit increased in May 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $60.3 billion in April (revised) to $71.5 billion in May, as exports decreased more than imports. The goods deficit increased $11.2 billion in May to $97.5 billion. The services surplus decreased $0.1 billion in May to $26.0 billion.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw a decrease of -0.09% for this week, with the current rates at 5.80%
• 30-Yr FRM rates saw a decrease of of -0.10% for this week, with the current rates at 6.67%

MND Rate Index
• 30-Yr FHA rates saw an increase of 0.06% for this week, with the current rates at 6.27%
• 30-Yr VA rates saw an increase of 0.07% for this week, with the current rates at 6.29%

Jobless Claims
Initial Claims were reported to be 233,000 compared to the expected claims of 240,000. The prior week landed at 237,000.

What’s Ahead
An extremely light release week with nothing of note. The following week will feature inflation data with the CPI and PPI reports.

What the 4th of July Means to Homeowners – Celebrating Core American Values

July 4, 2025 by Lisa Eagan

As communities gather to celebrate the 4th of July, this national holiday serves as a meaningful reminder of the values that define the United States: freedom, independence, and opportunity. While the day includes parades, fireworks, and time with neighbors, it also carries deeper significance for homeowners and those pursuing homeownership.

The Role of Homeownership
Homeownership remains one of the most tangible expressions of the American Dream. It reflects the freedom to build a stable and secure life. A home is not only a financial investment, but also a place where traditions are honored, milestones are reached, and lasting memories are created.

Strengthening Communities
On Independence Day, neighborhoods reflect a sense of unity and pride. Homeowners contribute to that spirit through gatherings, community events, and shared celebrations. These moments highlight how homeownership supports both individual households and the greater community.

Looking Ahead with Gratitude
For current and future homeowners, the 4th of July is a time to reflect on progress and to appreciate the freedoms that make homeownership possible. It is an opportunity to honor the journey and to look forward with hope.

Tips for Selling a Home with Minimal Repairs

July 3, 2025 by Lisa Eagan

Selling a home can be a significant undertaking, especially when considering the time, effort, and money often required to prepare a property for the market. However, not every home requires major renovations to attract buyers. In many cases, sellers can list and successfully sell a property by focusing on strategic improvements and presenting the home in the best possible condition. If you are hoping to sell your home with minimal repairs, the following tips can help you do so effectively.

Focus on Cleanliness and Presentation
One of the most impactful steps you can take is to thoroughly clean the home. A clean property gives the impression of being well-maintained, even if no major updates have been made. Pay special attention to kitchens, bathrooms, floors, and windows. Decluttering is equally important. Remove excess furniture, personal items, and anything that makes the space feel crowded. A tidy, neutral space allows buyers to better envision themselves living in the home.

Address Minor Cosmetic Issues
While you may not be taking on major renovations, addressing small cosmetic issues can make a noticeable difference. Consider touching up scuffed walls, replacing burnt-out lightbulbs, fixing loose cabinet hardware, and patching minor holes. These improvements are generally low-cost and help reduce distractions for potential buyers.

Maximize Curb Appeal
First impressions matter, and the exterior of the home is the first thing buyers will see. Simple enhancements such as mowing the lawn, trimming shrubs, cleaning the walkway, and adding fresh mulch or potted plants can significantly increase curb appeal. If the front door or exterior trim is worn, a fresh coat of paint can go a long way in making the home appear more inviting.

Be Honest and Transparent
If there are known issues with the property, it is important to be upfront with buyers. Providing a recent inspection report or disclosing needed repairs in the seller’s disclosure form can help build trust. Many buyers are open to purchasing a home that requires some work, especially if they feel the price reflects those conditions.

Price the Home Appropriately
Pricing is one of the most critical factors in selling a home that has not undergone significant repairs. Work with a real estate professional to analyze comparable properties and determine a fair and competitive listing price. A well-priced home that offers value can attract buyers who are willing to accept a few imperfections in exchange for location or size.

Consider Pre-Listing Inspection or Seller Credits
If you are not planning to make repairs, offering a pre-listing inspection can help reassure buyers about the overall condition of the property. Alternatively, consider offering a credit toward repairs or closing costs. This approach can appeal to buyers by giving them the freedom to make improvements according to their preferences after the sale.

Selling a home without major repairs is entirely possible with the right strategy. By focusing on cleanliness, addressing minor issues, enhancing curb appeal, and pricing the property appropriately, you can attract serious buyers and move forward with confidence. With professional guidance and realistic expectations, your home can sell quickly and successfully, even without full renovation.

Exploring the Benefits of Buying a Home with a Pool

July 2, 2025 by Lisa Eagan

Buying a home is a major investment, and for many buyers, the idea of having a pool is an exciting feature that adds value and enjoyment. Whether you are considering a pool for recreation, relaxation, or future resale, there are many reasons why a pool can be a smart addition to your home search.

A Private Retreat Right Outside Your Door
One of the biggest benefits of owning a home with a pool is the convenience of having your own personal retreat. There is no need to pack up the car and drive to a public pool or pay for a club membership. With a pool just steps away, you can enjoy a swim whenever it suits your schedule, whether it is a quick morning dip or an evening swim to unwind.

Ideal for Entertaining
A pool creates a natural gathering place for friends and family. Whether it is hosting a weekend barbecue, a birthday party, or a casual evening with neighbors, a pool adds an inviting element to any event. Poolside entertaining spaces can include patios, outdoor kitchens, and lounge areas that make the backyard a central part of your home’s living space.

Health and Wellness Benefits
Swimming is one of the best low-impact exercises for people of all ages. Having a pool at home encourages regular physical activity, making it easier to stay active and healthy. It can be especially beneficial for families with children or individuals who want a private and convenient way to exercise without needing to leave the house.

Increases Property Value
In many markets, homes with pools are highly desirable. While a pool is not guaranteed to increase a home’s value in every region, it often adds appeal that helps a property stand out. This can be especially true in warmer climates, where pools are considered a valuable and even expected feature. When well-maintained, a pool can enhance the overall aesthetics and perceived luxury of a home.

A Vacation Feel Year-Round
A pool brings a resort-like atmosphere to your everyday life. It offers a place to relax with a book, float on a sunny afternoon, or enjoy family time without leaving home. Many homeowners find that having a pool gives them the feeling of being on vacation without ever having to pack a bag.

Considerations to Keep in Mind
While there are many benefits, it is important to consider maintenance and safety. Pools require regular care and come with added responsibilities, such as keeping the water clean and ensuring safety measures are in place. However, with proper planning and support from professionals, pool ownership can be a rewarding experience.

Buying a home with a pool offers more than just a beautiful backyard. It provides lifestyle benefits, health advantages, and opportunities for memorable moments with family and friends. If a pool is on your wish list, let us help you find the perfect property that combines comfort, value, and the joy of poolside living.

Tips to Discover Off Market Properties Before Everyone Else

July 1, 2025 by Lisa Eagan

As a real estate agent, I can tell you that off-market properties can be a hidden gem for savvy buyers. But how do you find them? Here’s what you need to know.

What Are Off-Market Properties?
Off-market homes, sometimes called “pocket listings” or “quiet listings,” are properties for sale that aren’t publicly advertised on popular real estate sites. Sellers may choose to keep their sale private for personal reasons or to test the waters without fully committing to the process.

Work with a Connected Real Estate Agent
Your best resource for finding off-market homes is a well-connected agent. We often hear about properties through our networks, other agents, past clients, investors, and even word of mouth. If you are looking for something specific, let your agent know. We can tap into our contacts and keep an ear out for upcoming listings that have not hit the market yet.
Explore “Coming Soon” Listings
Some sellers are preparing to go live on the market but have not listed yet. These “coming soon” homes might be visible through agent networks or office-exclusive listings. A proactive agent can help you find and pursue these opportunities before the general public sees them.
Talk to Local Investors or Builders
Real estate investors and builders sometimes have properties in progress that they are willing to sell before officially listing. If you are open to fixer-uppers or new construction, this route might open doors to properties others have not seen yet.
Drive the Neighborhood
This old-school tactic still works. If you have a neighborhood in mind, drive or walk through it and look for signs of a potential sale, like moving activity, FSBO signs (For Sale By Owner), or even vacant homes. If you spot one, your agent can contact the owner directly to explore if a sale is possible.
Use Direct Mail or Social Media
If you’re targeting a very specific area, some buyers have success with “Dear Homeowner” letters expressing interest in buying. Your agent can help you craft a message and handle responses professionally. Similarly, social media can be a powerful tool for spreading the word about what you’re looking for.
Check Public Records
Some off-market opportunities come from probate sales, pre-foreclosures, or inherited homes. These properties might be found through public records or courthouse filings. While this route is more involved, your agent may be able to guide you or connect you with someone who specializes in this niche.

Off-market properties take a little more digging, but the reward can be worth it. With the right agent, a little strategy, and persistence, you can uncover homes that are not available to the average buyer, and potentially avoid bidding wars altogether.

If you are interested in exploring off-market opportunities, let’s connect. I’ll put my network to work for you.