Blog - Leagan Realty

Leagan Realty

Lisa & Gary Eagan

What’s Ahead For Mortgage Rates This Week – September 8th, 2025

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The release of major inflation data has once again arrived with the Consumer Price Index and the Producer Price Index, offering insight into the current state of the economy. Based on recent statements from the Federal Reserve, there is considerable speculation that rate cuts may occur regardless of the trajectory of inflation.

More recent data releases have shown that the economy is still on shaky ground after changes to tariff policies, leading things to be more unstable than anticipated. Trade deficits have also shown to have bounced back significantly from the prior months, while the manufacturing side are still showing impacts from the tariffs. Jobless Claims have also hit the highest levels since June, giving some concern to the broader labor market.

Trade Deficit
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $78.3 billion in July, up $19.2 billion from $59.1 billion in June, revised.

Manufacturing PMI
The trade wars are slowly dying down. The damage to American manufacturers is not. Industrial production fell in August for the sixth month in a row, according to an index compiled by the Institute for Supply Management. The ISM surveys executives every month about how their businesses are doing.

Job Reports
The number of people who applied for unemployment benefits in the seven days ended Aug. 30 rose by 8,000 to 237,000, the Labor Department said Thursday. It is the highest level since late June. Economists polled by The Wall Street Journal had estimated new claims would rise by 2,000 to 231,000.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw a decrease of -0.09% for this week, with the current rate at 5.60%
• 30-Yr FRM rates saw a decrease of -0.06%, with the current rate at 6.50%

MND Rate Index
• 30-Yr FHA rates saw a decrease of -0.11% for this week. Current rates at 5.95%
• 30-Yr VA rates saw a decrease of -0.11% for this week. Current rates at 5.97%

Jobless Claims
Initial Claims were reported to be 237,000 compared to the expected claims of 230,000. The prior week landed at 229,000.

What’s Ahead
Upcoming reports include the CPI and PPI inflation data, along with the University of Michigan Consumer Sentiment Report, which will close out the week.

How to Spot a Good Investment Property Before Everyone Else Does

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Investing in real estate can be a powerful way to build wealth, but not all properties are created equal. The key to successful investment is identifying opportunities before the competition does. From understanding market trends to analyzing property fundamentals, knowing what to look for can make all the difference between a profitable investment and a costly mistake.

Location, Location, Location

One of the most important factors in identifying a strong investment property is location. Look for areas with growing employment opportunities, good schools, and convenient amenities. Neighborhoods with increasing property values and low crime rates tend to attract long-term tenants and provide higher resale potential. Being aware of emerging areas or up-and-coming neighborhoods can give investors an edge before prices rise.

Assessing the Numbers

A good investment property should make financial sense. This means carefully reviewing rental income potential, operating expenses, property taxes, and insurance costs. Calculating the cash flow and potential return on investment is essential to determine whether the property will generate positive income. Consider both short-term and long-term projections to ensure the investment aligns with your financial goals.

Property Condition and Maintenance

Inspecting the condition of the property is critical. Older homes or buildings may offer lower purchase prices but can come with hidden maintenance costs. Evaluating the structure, roof, plumbing, electrical systems, and overall upkeep will help you anticipate repairs and avoid unexpected expenses. A property in good condition can attract better tenants and reduce management headaches.

Market Trends and Timing

Understanding the real estate market is crucial for spotting investment opportunities. Pay attention to trends such as increasing rental demand, low vacancy rates, and new developments in the area. Timing your purchase during a buyer-friendly market or before major growth occurs can maximize your potential profit. Investors who stay informed and act quickly often secure the best properties before they become widely recognized.

Potential for Value-Add

Look for properties with value-add potential. This can include the ability to renovate, add additional units, improve landscaping, or update interiors to increase rental income or resale value. Properties that offer room for improvement can provide significant returns if managed wisely. Understanding local regulations and permitting is essential before making changes that could impact profitability.

Building a Team

A strong support system is invaluable. Work with experienced real estate agents, mortgage professionals, property managers, and contractors who understand investment properties. Their expertise can help identify opportunities, assess risks, and streamline

Pet-Centered House Hunting, Why Fenced Yards and Pet-Friendly HOAs Are Dealmakers

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When buyers walk into a home, their attention is often drawn to one particular space more than any other, the kitchen. It is no coincidence that real estate professionals often call the kitchen the heart of the home. Beyond its practical function, the kitchen carries emotional and psychological weight that can influence a buyer’s decision more than any other room.

The Emotional Connection

The kitchen is where families gather, meals are shared, and memories are created. It represents comfort, warmth, and togetherness. Buyers often imagine themselves cooking Sunday dinners, hosting friends for brunch, or helping children with homework while preparing meals. This emotional connection creates a sense of belonging that can make a house feel like a home immediately.

Open floor plans that integrate the kitchen with living spaces enhance this feeling, allowing buyers to visualize seamless family interactions and entertaining guests. A well-lit, inviting kitchen can spark excitement and desire, making it easier for buyers to emotionally commit to a property.

Function Meets Aesthetics

While beauty is important, functionality is equally critical. Buyers notice how appliances are arranged, the quality of countertops and cabinets, and whether there is enough storage and workspace. Ergonomic layouts and thoughtful design can create a sense of ease and efficiency, signaling that the home is not only beautiful but also practical for daily living.

Investing in modern appliances, durable surfaces, and smart storage solutions can elevate a kitchen from ordinary to extraordinary. Buyers often equate a well-designed kitchen with a home that is well-maintained overall, increasing their confidence in the purchase.

The Power of First Impressions

The kitchen often serves as the focal point during showings. Staging the space effectively can make a strong first impression. Simple touches like fresh flowers, organized countertops, or a bowl of fruit can highlight the room’s potential and create a welcoming atmosphere. Colors, lighting, and finishes all contribute to the mood and can subtly influence how buyers feel about the home.

Kitchens and Resale Value

From a practical standpoint, kitchens are a key driver of resale value. Homes with updated, functional, and attractive kitchens tend to sell faster and often at higher prices. Buyers are willing to pay a premium for a kitchen that meets both their aesthetic preferences and practical needs. Real estate agents know that emphasizing this space in listings and during tours can be a powerful marketing tool.

Understanding the psychological impact of kitchens helps real estate agents guide buyers and sellers effectively. By highlighting design, functionality, and the emotional aspects of this central space, agents can create a narrative that resonates with potential buyers.

The kitchen is more than just a room for cooking, it is a space that evokes emotion, fosters connection, and ultimately influences the decision to buy. For many buyers, falling in love with the kitchen is the first step toward falling in love with the entire home.

Why Buyers Fall in Love with Kitchens, The Psychology Behind the Most Important Room in the House

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When buyers walk into a home, their attention is often drawn to one particular space more than any other, the kitchen. It is no coincidence that real estate professionals often call the kitchen the heart of the home. Beyond its practical function, the kitchen carries emotional and psychological weight that can influence a buyer’s decision more than any other room.

The Emotional Connection

The kitchen is where families gather, meals are shared, and memories are created. It represents comfort, warmth, and togetherness. Buyers often imagine themselves cooking Sunday dinners, hosting friends for brunch, or helping children with homework while preparing meals. This emotional connection creates a sense of belonging that can make a house feel like a home immediately.

Open floor plans that integrate the kitchen with living spaces enhance this feeling, allowing buyers to visualize seamless family interactions and entertaining guests. A well-lit, inviting kitchen can spark excitement and desire, making it easier for buyers to emotionally commit to a property.

Function Meets Aesthetics

While beauty is important, functionality is equally critical. Buyers notice how appliances are arranged, the quality of countertops and cabinets, and whether there is enough storage and workspace. Ergonomic layouts and thoughtful design can create a sense of ease and efficiency, signaling that the home is not only beautiful but also practical for daily living.

Investing in modern appliances, durable surfaces, and smart storage solutions can elevate a kitchen from ordinary to extraordinary. Buyers often equate a well-designed kitchen with a home that is well-maintained overall, increasing their confidence in the purchase.

The Power of First Impressions

The kitchen often serves as the focal point during showings. Staging the space effectively can make a strong first impression. Simple touches like fresh flowers, organized countertops, or a bowl of fruit can highlight the room’s potential and create a welcoming atmosphere. Colors, lighting, and finishes all contribute to the mood and can subtly influence how buyers feel about the home.

Kitchens and Resale Value

From a practical standpoint, kitchens are a key driver of resale value. Homes with updated, functional, and attractive kitchens tend to sell faster and often at higher prices. Buyers are willing to pay a premium for a kitchen that meets both their aesthetic preferences and practical needs. Real estate agents know that emphasizing this space in listings and during tours can be a powerful marketing tool.

Understanding the psychological impact of kitchens helps real estate agents guide buyers and sellers effectively. By highlighting design, functionality, and the emotional aspects of this central space, agents can create a narrative that resonates with potential buyers.

The kitchen is more than just a room for cooking, it is a space that evokes emotion, fosters connection, and ultimately influences the decision to buy. For many buyers, falling in love with the kitchen is the first step toward falling in love with the entire home.

What’s Ahead For Mortgage Rates This Week – September 2nd 2025

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With the release of the PCE Index, inflation has shown to still be creeping upwards but there is significant speculation that the Federal Reserve will continue with their interest rate cut in the future. Meanwhile, the Consumer Sentiment report has been growing pessimistic amidst the job market, which has been shown to be in a pattern of cooling down.

This is offset by the strong growth by the GDP estimates for the second quarter, as it was initially predicted the tariff changes would have a significant impact on the GDP estimates, but the impact has been less prominent than expected.

PCE Index
A key measure of inflation rose in July at a rate that suggests persistent price pressures tied to higher U.S. tariffs, but the increase probably wasn’t big enough to dissuade the Federal Reserve from cutting interest rates next month. The PCE index, the Fed’s preferred inflation gauge, rose 0.2% in July, the Bureau of Economic Analysis said Friday.

Consumer Sentiment
Consumers’ views of the labor market cooled further in August, the Conference Board said Tuesday. Roughly 20% of consumers said jobs were “hard to get” in August, up from 18.9% in the prior month.

GDP Estimates Q2
The US economy grew at an annual rate of 3.3% in Q2 2025, a sharp rebound from the 0.5% contraction in Q1, according to second estimates. The figure was revised slightly higher from the first estimate of 3%, mainly due to upward revisions to investment (5.7% vs 1.9% in the first estimate) and consumer spending (1.6% vs 1.4% in the first estimate) that were partly offset by a downward revision to government spending (-0.2% vs 0.4% in the first estimate) and an upward revision to imports (-29.8% vs -30.3% in the first estimate). 

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw no change for this week, with the current rate at 5.69%
• 30-Yr FRM rates saw a decrease of -0.02%, with the current rate at 6.56%

MND Rate Index
• 30-Yr FHA rates saw a decrease of -0.05% for this week. Current rates at 6.06%
• 30-Yr VA rates saw a decrease of -0.05% for this week. Current rates at 6.08%

Jobless Claims
Initial Claims were reported to be 229,000 compared to the expected claims of 230,000. The prior week landed at 234,000.

What’s Ahead
Trade Balance will be the most notable release next week indicating the impact of tariffs, followed up by the Nonfarm Payrolls and employment data. Manufacturing PMI and Beige book will offer a backdrop of information.

Happy Labor Day!

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Today we honor the hard work and dedication that helps families build the lives they dream of. Labor Day isn’t just about a well-deserved day off, it is about celebrating what that hard work makes possible… like creating memories in a home you love.

Whether you’re relaxing on the porch, hosting a backyard BBQ, or spending quality time with loved ones, home is where the best moments happen.

As a real estate professional, it’s an honor to help people find not just a house, but a place where all their hard work pays off.

Wishing you a safe, restful, and joy-filled Labor Day!

How Virtual Tours and Smart Marketing Are Changing the Way Homes Are Sold

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The real estate industry has seen a dramatic transformation in recent years. Technology has reshaped how homes are marketed and sold, creating a faster, more engaging experience for buyers and sellers alike. Virtual tours and advanced marketing strategies are at the forefront of this change, offering unique benefits that were once unimaginable.

The Rise of Virtual Tours: Virtual tours have revolutionized the home buying process. Buyers can now explore properties from the comfort of their own homes, viewing every room and detail with just a few clicks. This convenience saves time, reduces the need for multiple in-person showings, and helps buyers narrow down their options more efficiently. For sellers, virtual tours provide an opportunity to showcase their home in the best possible light, attracting serious buyers who have already developed an interest before stepping through the door.

The Power of Smart Marketing: Marketing homes has evolved beyond traditional photos and open houses. Today, agents use data-driven strategies, social media campaigns, and targeted online advertising to reach qualified buyers. Smart marketing allows a home to gain maximum exposure to the right audience, often resulting in quicker sales and stronger offers. Video tours, drone footage, and 3D floor plans create a dynamic and immersive experience that captures attention in an increasingly competitive market.

The Benefits for Buyers and Sellers: For buyers, these tools mean more convenience and confidence in their decisions. They can evaluate properties on their own schedule, ask informed questions, and spend less time on homes that do not meet their needs. For sellers, virtual tours and smart marketing increase visibility, reduce time on the market, and can even lead to higher sale prices due to increased interest.

Technology will continue to shape the real estate industry, but one thing remains constant: the importance of presenting a home effectively. Virtual tours and strategic marketing are no longer optional. They are essential tools for anyone serious about buying or selling in today’s market.

10 Questions You Should Always Ask Before Buying a Home

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Purchasing a home is one of the most significant decisions you will ever make. It is an exciting process, but it can also be overwhelming if you do not ask the right questions. Knowing what to ask can help you avoid costly mistakes and ensure that the home you choose fits your needs and budget.

What is my total budget? Understanding your full budget goes beyond the listing price. You need to factor in taxes, insurance, maintenance, and unexpected expenses. Having a clear idea of what you can afford prevents financial strain after the purchase.

Why is the seller moving? This question can reveal valuable insights about the property or neighborhood. If the seller is relocating for a job, there may be no issue. However, if they are leaving due to rising crime rates or upcoming construction projects, you will want to know before you buy.

How long has the home been on the market? A home that has been listed for a long time may indicate issues such as overpricing or hidden problems. It could also provide leverage for negotiation.

What is included in the sale? Do not assume that appliances, window treatments, or fixtures are included. Clarify what comes with the house to avoid surprises during closing.

What are the average utility costs? Knowing how much you can expect to spend on utilities each month helps you budget accurately. High energy bills might also indicate that the home needs upgrades or better insulation.

Has the home had any major repairs or renovations? Ask for documentation of past repairs or remodels. This information shows how well the home has been maintained and may highlight areas that could require future attention.

Are there any known issues with the property? Sellers are usually required to disclose major problems, but asking directly ensures you have all the facts. It also opens the door to request a professional inspection.

What is the neighborhood like? Visit the area at different times of day and speak with neighbors if possible. Consider schools, amenities, and overall safety. A great house in a declining neighborhood may not be a wise investment.

How competitive is the local market? Your offer strategy depends on market conditions. In a competitive market, you may need to act quickly and present a strong offer. In a slower market, you might have room to negotiate.

What are the future plans for the area? Upcoming developments, new roads, or commercial projects can significantly impact property values and your quality of life. Research zoning changes and planned improvements.

By asking these essential questions, you equip yourself with the knowledge to make an informed and confident decision. A little preparation now can save you stress, money, and regrets in the future.

Why Home Offices and Flexible Spaces Top Buyer Wish Lists

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What started as a temporary solution during the pandemic has now become a permanent lifestyle for millions of people. Remote work, hybrid schedules, and flexible careers have transformed not just how we work, but how we live. Today’s homebuyers are looking for more than bedrooms and kitchens. They want functional spaces that support productivity, privacy, and comfort. A dedicated home office or flexible space is no longer a luxury, it is a necessity.

Why the Home Office Matters More Than Ever
The traditional spare bedroom with a desk in the corner is not enough for many buyers today. Home offices are expected to provide a true work environment. That means natural light, strong internet connectivity, and quiet areas away from household distractions. Buyers are paying close attention to floor plans that include built-in offices or dens, as well as properties with enough square footage to create a separate workspace. For families where more than one person works remotely, dual office setups are increasingly in demand.

Flexible Spaces and Multi-Use Rooms
Not every buyer wants or needs a single-purpose office. Many are asking for rooms that can adapt to different uses. A flexible space might serve as an office during the day, a guest room on weekends, or a homework area for kids in the evenings. Features such as sliding doors, built-in shelving, or multipurpose furniture allow one room to serve multiple functions. This versatility has become a selling point, especially in smaller homes where space must work harder.

Technology and Connectivity Expectations
Technology is another driving factor in today’s housing choices. Buyers expect reliable high-speed internet and strong Wi-Fi coverage throughout the home. Homes with pre-wired ethernet connections, soundproofing, and designated charging stations stand out in the market. Smart home features, from automated lighting to advanced HVAC systems, also appeal to remote workers who spend more hours at home each day.

Lifestyle and Well-Being Considerations
A home office is not just about work, it is about lifestyle. Buyers want spaces that promote balance and wellness. Large windows, views of the outdoors, and even access to patios or balconies can make a workday feel more enjoyable. Some buyers prioritize proximity to gyms, walking trails, or quiet neighborhoods to support a healthier work-life balance. The idea is to create a home that supports both productivity and relaxation.

What This Means for Buyers and Sellers
For buyers, it is important to think about how a home will support your work needs today and in the future. Ask yourself whether the floor plan offers space for one or two offices, whether the internet infrastructure is reliable, and how easily a room could adapt as your lifestyle changes. For sellers, highlighting office-ready spaces and showcasing flexibility can attract more interest and potentially increase value.

Finding the Right Fit
As a real estate professional, I have seen the demand for home offices grow dramatically in recent years. Whether you want a dedicated office, a flexible multi-use room, or simply a home with the technology to support remote work, the key is to find a property that matches your lifestyle. Work from home is no longer temporary. For many families, it is forever. And the right home can make all the difference.

Why Some Homeowners Move Often While Others Stay Forever

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A forever home is often imagined as the place you will live for decades. It is where families grow, memories are created, and life milestones are celebrated. For some people, this vision becomes reality. For others, the thought of staying in one place for life feels restrictive. Instead, they move every five to seven years, searching for new opportunities and experiences. So why do some homeowners stay forever while others are constantly on the move?

Personality Shapes Housing Choices
Personality plays a major role in how we view our homes. Some people value stability, routine, and deep community connections. For them, staying in one place provides comfort and belonging. Others are energized by change. They love exploring new neighborhoods, upgrading to different layouts, or experiencing a new lifestyle. Moving feels like growth, and for them, a forever home may feel more like a limitation than a dream.

Life Stages and Changing Needs
Different stages of life often require different types of housing. A starter condo may be perfect for a young professional, but as families expand, the need for more space becomes pressing. Later in life, downsizing into a smaller home can make sense. These moves are often less about personal preference and more about adapting to practical needs as life evolves.

Financial Factors in Home Decisions
Money also influences how long people stay in one place. Mortgage rates, property taxes, and the equity built in a home can push someone toward moving or staying put. When rates are favorable and home values are strong, selling and moving can feel like a smart opportunity. When the market tightens, staying put and improving the current home can be the better option.

Emotional Attachment to a Home
For many homeowners, emotional ties to a property are strong. Memories of holidays, children growing up, and special family moments can make leaving the home nearly impossible. For others, a home is more of a steppingstone, seen as an investment or a way to get closer to the next dream property. These different outlooks often determine whether a house becomes the forever home or just another chapter.

Is Forever Really Forever?
The truth is, the definition of a forever home is personal. For some, it really is the place they never want to leave. For others, it is simply the right home for this season of life. Neither path is right or wrong. What matters is finding a home that feels like it belongs to you, supports your lifestyle, and brings happiness.

Helping You Find Your Forever Home or Next Move
As a real estate professional, I work with both types of homeowners every day. Some are ready to settle into their forever home, while others are looking for their next adventure. My role is to help guide you toward the home that best fits your needs today, while keeping an eye on your future goals. Whether you are searching for your forever home or your next chapter, the most important thing is finding a space that truly feels like yours.

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Leagan Realty


12862 East Summit Drive
Scottsdale, Arizona 85259
Phone: 480.766.2115

Email: lisaeagan@leaganrealty.com