<h2>Real Estate Experts</h2>Pellentesque consectetur, nulla et sagittis tempor, risus magna faucibus odio, in aliquet elit orci ac urna. Duis dapibus arcu quis nisi porta, ac finibus nisi accumsan. Praesent accumsan augue quis nisi pretium volutpat. Fusce enim tortor, consectetur ut ligula eu, pellentesque blandit lacus. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia curae.

Jayce Johnson

real estate

Moorhead Minnesota

Fargo North Dakota

dilworth minnesota

#HousingMarket2025

#BuyingAHome

Real Estate Services

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What Really Happens to Home Prices During a Recession?Every time the word “recession” starts popping up in headlines, it brings a wave of uncertainty—especially for anyone thinking about buying or selling a home.You might be wondering:Are home prices going to crash?Will mortgage rates skyrocket?Should I wait to make a move?Totally fair questions—and you’re not alone in asking them. The good news is we can look to history to get some real answers.A Recession Doesn’t Automatically Mean Home Prices Will DropFirst, let’s clear up a common myth: a recession is not the same as a housing crash.<div class="se-component se-image-container __se__float-none"><figure><img src="https://closehack-backblaze.s3.us-west-004.backblazeb2.com/agent_richtext/20250414101944.png" alt="" width="508" height="357" style="width: 508px; height: 357px;"></figure></div>Data shows that in 4 of the last 6 U.S. recessions, home prices actually went up, and in one, home prices dropped less than 2%. The exception was 2008—and that was a very specific situation involving risky loans, overbuilding, and a financial system that was already on the brink.So, what usually happens?Home prices tend to stay on track or slow down gradually.Fewer buyers may jump into the market, but that doesn’t always mean prices will plummet.Every local market reacts differently, depending on how many homes are available and how many buyers are looking.Mortgage Rates Tend to Go Down During a RecessionHere’s something most buyers love to hear: mortgage rates usually drop during a recession.<div class="se-component se-image-container __se__float-none"><figure><img src="https://closehack-backblaze.s3.us-west-004.backblazeb2.com/agent_richtext/20250414102029.png" alt="" width="492" height="346" style="width: 492px; height: 346px;"></figure></div>Freddie Mac data shows rates declined in all six of the last U.S. recessions. That’s because the Federal Reserve often lowers interest rates to help the economy, and that can make borrowing cheaper.Now, we’re probably not heading back to the super-low 3% rates we saw in 2020, but even a slight dip in rates can make a big difference in your monthly payment.Today’s Homeowners Have Strong Equity PositionsOne of the biggest differences between now and the 2008 housing crisis is homeowner equity. Years of solid price appreciation have created substantial equity cushions for most property owners.Realtor.com’s analysis of&nbsp;<a target="_blank" href="https://www.realtor.com/news/trends/recession-housing-market-trump-tariffs/">Federal Reserve data Shows:</a>​Even if home prices dropped 10%, homeowner equity would still be at 69.5% of total value (similar to 2021).A 20% drop would bring equity levels back to what we saw in 2019.More than half of homeowners (54%) have mortgage rates below 4%, which means they’re not likely to be forced into selling.This strong equity position means we’re unlikely to see waves of distressed sales flooding the market, which helps maintain price stability even during challenging economic times.Final ThoughtsEconomic downturns often bring up uncertainty and fear. But historical data shows that home prices tend to hold steady (or increase) and mortgage rates usually go down. And today, homeowners are in an incredibly strong position.If you’re wondering how this might impact your own plans to buy or sell, let’s chat. I’m here to help you make the best decision for your future—not the headlines.

Worried about a housing crash if a recession hits? Discover what really happens to home prices and mortgage rates during recessions—backed by historical data and expert insights.

Do Home Prices Drop During a Recession? What History Really Shows

What History Tells Us: Home Prices & Mortgage Rates During a Recession

Tax season can feel like a chore. But if you’re a homeowner, you’ve got some hidden gems waiting to be uncovered—dollar-saving deductions and credits that renters can only dream about! Owning a home isn’t just about paying the bills and keeping up with maintenance. It’s also about making your investment work for you. Whether you’re a first-time homeowner or a seasoned pro, there’s always a new way to save. So, let’s dive into how your home can help put some cash back in your pocket when tax season rolls around.<h4> </h4><h4>Homeownership = Tax Write-Off Opportunities </h4>​Here’s a breakdown of the most common tax perks homeowners can take advantage of: Mortgage Interest DeductionOne of the biggest benefits of homeownership is the ability to deduct mortgage interest. This deduction applies to interest paid on up to $750,000 of debt ($375,000 if married filing separately). During the early years of your mortgage, when most of your monthly payments go toward interest, this can be a massive money-saver.Pro Tip: You’ll receive a Form 1098 from your lender, showing how much mortgage interest you paid for the year. Don’t forget to include this form when you file your taxes! Property Tax DeductionHomeowners can deduct up to $10,000 in combined state and local property taxes ($5,000 if filing separately). This includes not just your primary residence but also a second home, if you have one. It’s especially helpful for homeowners in high-tax areas where property taxes can eat into your monthly budget.Heads Up: You’ll need to itemize your deductions to claim this. So, if you’re going with the standard deduction, this won’t apply. Home Office DeductionDid you know you can deduct a portion of your home expenses if you’re self-employed and use part of your home exclusively for business? This means you could potentially write off things like:<ul><li>​Utilities</li><li>Rent or mortgage interest</li><li>Internet bills</li><li>Maintenance and repairs</li></ul>The simplified option allows you to deduct $5 per square foot of your home used for business (up to 300 square feet), while the regular method involves calculating actual expenses based on the percentage of your home used for business.Pro Tip: Snap photos and keep records of your home office setup for documentation! Energy-Efficient Upgrade CreditsMade some eco-friendly improvements to your home? You could be eligible for a tax credit of up to 30% of the cost for certain energy-efficient upgrades. This includes things like:<ul><li>​Solar panels</li><li>Solar water heaters</li><li>Geothermal heat pumps</li><li>Energy-efficient windows and doors</li><li>Insulation upgrades</li></ul>These credits are a direct reduction of the taxes you owe—meaning dollar-for-dollar savings. And if you’re planning any renovations this year, going green could help you save even more money come tax time. Renters vs. Homeowners at Tax TimeWondering how homeownership stacks up against renting when it comes to tax benefits? Here’s a quick comparison:​Renters: <ul><li>​Pay monthly rent with no long-term return.</li><li>Can’t deduct property taxes.</li><li>Limited or no tax benefit for a home office.</li><li>Any improvements benefit the landlord, not the renter.</li><li>No equity building or tax-based advantages.</li></ul>Homeowners:<ul><li>Equity Building: As you pay down your mortgage, your net worth grows.</li><li>Energy Efficiency Credits: Up to 30% back on qualifying improvements.</li><li>Home Office Deduction: Big perks for self-employed folks working from home.</li><li>Property Tax Deduction: Up to $10,000 in savings if you itemize.</li><li>Mortgage Interest Deduction: Potentially huge savings on your tax bill.</li></ul>Renting might offer more flexibility, but homeowners enjoy a range of tax benefits that can seriously boost their savings. Your Homeowner Tax ChecklistTo make sure you’re maximizing your savings, here’s a list of what to gather before filing:<ul><li>Form 1098 – Provided by your lender; shows how much mortgage interest you paid.</li><li>Property Tax Statements – Keep track of what you paid throughout the year.</li><li>Receipts for Home Improvements – Especially for energy-efficient upgrades.</li><li>Home Office Documentation – Square footage, utility bills, and proof of business use.</li><li>Closing Documents – If you bought or sold a home last year.</li><li>Records of Energy Credits Claimed – Especially if you’re claiming multi-year upgrades like solar.</li></ul>​Pro Tip: Store all your documents in one place—like a dedicated tax folder or a digital file—to make your life easier when tax time hits. What’s New for 2025?Tax benefits for homeowners haven’t changed much this year, but it’s worth noting a few things:<ul><li>Energy Efficiency Credits: These are getting more attention as homeowners are increasingly investing in eco-friendly improvements. Now’s the time to cash in if you’ve made green upgrades!</li><li>Home Office Deduction: Remote work is here to stay, and if you’re self-employed, make sure you’re not missing out on this deduction.</li></ul>Additionally, be sure to stay on top of any changes the IRS rolls out—because tax laws are always subject to change! Final ThoughtsHomeownership can feel expensive. But what a lot of people don’t realize is that it comes with perks that can actually help you SAVE money when tax time rolls around. From mortgage interest deductions to energy efficiency credits, there are plenty of ways to ease your tax burden.The key is to stay informed, keep good records, and work with a tax pro who understands real estate deductions. And if you’re planning any upgrades or renovations this year, remember that making your home more energy-efficient can lead to even more savings.

Discover how to make your homeownership pay you back at tax time! From mortgage interest deductions to energy-efficient credits, learn how to maximize your homeowner tax benefits in 2025. Find out what deductions and credits you may qualify for and how to keep more money in your pocket.

Maximize Your Homeowner Tax Benefits: Essential Deductions & Credits to Claim in 2025

How Your Home Can Pay You Back at Tax Time

<h2>Let’s bust a common myth: </h2><h3>​“Spring is the best time to sell!”</h3>Okay… true. But here’s the thing most homeowners get wrong:

 
 They think “spring” means late April, May, or even early summer.<h3>Big mistake.</h3>​Because by the time your tulips are blooming, buyers are already knee-deep in options—and your home’s competing with a flood of listings. According to Realtor.com, the best week to sell in 2025 is April 13–19.
 
 Yup, it’s coming in hot. And if you want more buyer eyeballs, faster offers, and top dollar—you’ll want to beat the crowd. Just take a look at the chart below <div class="se-component se-image-container __se__float-none"><figure><img src="https://closehack-backblaze.s3.us-west-004.backblazeb2.com/agent_richtext/20250403070737.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" width="" height="" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="image.png" data-file-size="687535" data-origin="," style="" data-index="1" origin-size="1920,1080"></figure></div><h2>Let’s break it down: </h2><h3>1. Fewer Listings = More Attention </h3>Think of it like being the first food truck to roll into a festival. Early birds get hungry buyers. Later arrivals are stuck competing for attention.
 &nbsp;According to Realtor.com, there are 13.2% fewer listings in early April than other times of year.
 
 Less inventory means your home stands out—and serious buyers are more likely to pounce. <h3>2. More Page Views = Better Offers </h3>In early spring, buyers are actively looking… but there’s not much on the market yet. That means your listing could get the spotlight it deserves.
 
 &nbsp;Homes listed in early spring see 17.7% more page views per listing.
 
 More eyeballs lead to more showings. More showings lead to more offers. And more offers? You guessed it—better sales prices. <h3>3. Homes Sell Faster—Because Buyers Are Ready </h3>​People aren’t “just browsing” anymore. These are motivated buyers who want to move before summer hits—especially families eyeing that sweet pre-school-year move-in date.
 
 &nbsp;Homes listed during the “Best Week to Sell” go under contract 9 days faster than average. <h3>4. Fewer Price Reductions, Higher Sales </h3>​Nobody likes cutting their price after two weeks of crickets. Fortunately, early spring sellers avoid that pain.
 
 &nbsp;Listings in this prime window see 20.9% fewer price drops than average.
 
 &nbsp;And they’re listed 1.1% higher than average—6.7% more than homes listed earlier in the year! <h2>
Translation: List smart. Sell high. Smile big.</h2><h2> </h2><h2> </h2><h2>Final Word </h2>​If you’re thinking about selling in 2025, your window of opportunity is opening—right now.
 Listing in early spring gives you:<ul><li>Less competition</li><li>More serious buyers</li><li>Faster sales</li><li>Higher offers</li></ul>Ready to take advantage of the market sweet spot? Let’s talk strategy today, before the floodgates open.Want to dive deeper into the spring selling season? Realtor.com Article Here with all the expert insights!

When’s the Best Time to Sell Your Home? Spoiler Alert: It’s Almost Here!

The spring housing market is waking up, and if you’ve been waiting for the right moment to make your move, it’s time to pay attention. Yes, mortgage rates are still hovering above 6.5%. But here’s the kicker: mortgage purchase applications are rising. And that’s a sign that the real estate market might just be shaking off its winter slumber. Let’s break down what this means and why it could matter a whole lot for buyers and sellers in 2025. What Are Mortgage Purchase Applications Anyway? Simply put, mortgage purchase applications are exactly what they sound like: people applying for loans to buy homes. And here’s why that matters: These applications are a leading indicator. They’re like peeking into the future of the housing market—giving us a sneak preview 30 to 90 days before actual home sales are finalized. So when applications go up? It’s a pretty good sign that buyer activity is ramping up. And right now, the data looks promising. The Numbers Don’t Lie: What We’re Seeing in 2025 So far, the first 10 weeks of 2025 have shown: •4 positive weeks (more applications than the previous week) •3 flat weeks (about the same as before) •3 negative weeks (a slight dip compared to the prior week) The takeaway? The trend is mostly positive. And for the first time in a long while, we’re seeing year-over-year growth in purchase applications. That’s huge! Why This Spring Feels Different Here’s where things get interesting: Applications are rising even though mortgage rates haven’t really dropped. As of mid-March 2025, the average 30-year fixed rate is around 6.7%—not ideal, but compared to the 8%+ rates we were seeing in late 2023? It’s a lot more manageable. According to Logan Mohtashami from the HousingWire Daily Podcast: “Unlike the last few years when rates have gone up and purchase application data is negative, it’s still positive on the weeklies and the year over year. It was a long time ago since I’ve been able to say that.” Buyers aren’t waiting for the perfect rate. They’re jumping in when they see a window of opportunity. And with mortgage rates creeping down from those 8% highs? That window is starting to crack open. The Early Peaks of 2023 and 2024 Just for some context, the market has been doing some wild stuff the past couple of years: •2023: Mortgage rates hit over 8% in late 2023 but dipped to around 6.63% in January 2024. Buyers took advantage of the dip, but activity slowed once rates climbed again. •2024: The pattern repeated. Sales surged early, then dipped when rates went back up. In both years, the peak of home sales happened early because buyers pounced on temporary drops. But the moment those rates ticked up again, buyer enthusiasm waned. So, What’s Different About 2025? This year, we’re seeing buyer activity increase without a significant drop in rates. That’s a huge deal. It’s showing us that demand isn’t only driven by rate changes—buyers are ready to make moves even when rates aren’t at rock-bottom levels. Now, if rates actually do dip closer to 6% and stay there? Watch out. Experts believe that demand could pick up even more. And in a market with limited inventory, that could mean higher prices and fierce competition. What This Means For You Whether you’re a buyer or a seller, here’s what you need to keep in mind: •For Buyers: If you’ve been waiting for the “perfect” rate, remember that perfect rarely exists. Demand is building. And while rates may fluctuate, waiting too long could mean higher prices or more competition. •For Sellers: Buyers are re-entering the market even without major drops in rates. That’s a green flag if you’re considering listing your home this spring. Getting ahead of the market could put you in a prime position to attract serious buyers. Curious how this all shakes out in the Fargo-Moorhead area? Click [here] to read my latest market breakdown. Final Thoughts Mortgage purchase applications are rising, and that’s a signal you don’t want to ignore. The housing market may not be experiencing a full-blown frenzy, but there’s life out there—and it’s growing. Want to talk about your options? Let’s chat! Whether you’re thinking of buying, selling, or just want a clearer picture of what’s happening in your market, I’m here to help.

Why Mortgage Applications Are Rising—and What It Means For The 2025 Market

When deciding whether now is the right time to buy a home, there's no shortage of opinions. You might hear, “Interest rates are too high,” or “Prices might drop soon,” or even, “This is the perfect time to buy!” The truth is, no one has a crystal ball. Instead, there's one critical question you should focus on: How long do you plan to stay? In real estate, timing isn't about guessing the market—it’s about your personal timeline. Short-term (1-2 years): Consider Renting If you're likely to move within one to two years, renting is often the better choice. Closing costs, taxes, and home maintenance expenses can quickly add up, making it tough to recoup those costs in a short timeframe. Additionally, selling within two years could result in paying capital gains taxes. Medium-term (5-7 years): Consider Your Options Carefully You have enough time to build some equity. Consider properties with rental potential for flexibility. One of my personal favorite strategies is “house hacking”—buying a property and renting out a portion of it. This approach can drastically lower your housing costs or even eliminate your monthly mortgage payments altogether. Long-term (10+ years): Homeownership Often Pays Off According to Redfin, the average U.S. homeowner stays in their home for about 11.8 years. Historically, homeowners who stay this long usually see significant price appreciation. Data from ResiClub highlights that U.S. home prices have consistently grown by at least 30% per decade, even through challenging economic periods like the Great Recession. Zillow recently reported home values increased by 45.3% from February 2020 to February 2025—nearly a decade’s worth of growth in just five years. Clearly, longer tenure tends to reward homeowners financially. Buying vs. Renting: What’s the Best Decision for You? The essential question isn't just about current market conditions—it’s about your lifestyle and financial goals: Buy if you plan to stay for a decade or more: <span style="color: rgb(51, 51, 51); font-family: &quot;Helvetica Neue&quot;; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">➤&nbsp;Time to build substantial equity <span style="color: rgb(51, 51, 51); font-family: &quot;Helvetica Neue&quot;; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">➤&nbsp;Protection from rising rents <span style="color: rgb(51, 51, 51); font-family: &quot;Helvetica Neue&quot;; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">➤&nbsp;Historically strong appreciation potential Rent if your timeframe is uncertain or short-term: <span style="color: rgb(51, 51, 51); font-family: &quot;Helvetica Neue&quot;; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">➤&nbsp;Greater flexibility for life and career changes <span style="color: rgb(51, 51, 51); font-family: &quot;Helvetica Neue&quot;; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">➤&nbsp;Avoid transaction costs associated with quick resale If you're somewhere in the middle (around five to seven years), consider local appreciation trends, compare potential mortgage versus rent costs, and think about properties that offer flexibility, such as rental or house-hacking options. ​The Bottom Line Forget timing the market perfectly—it's nearly impossible. Instead, make decisions based on your personal timeline, financial comfort, and long-term vision. If your goal is stability, equity growth, and long-term financial benefits—and you can afford today's payments comfortably—buying a home in 2025 could be a wise decision. Still feeling uncertain? Let's connect and analyze your unique situation together. Because buying a home isn't just about the current market—it's about planning for your future. Ready to take the next step? Contact me today, and let's create your personalized home-buying plan.

Should you Buy in 2025?

Spring has officially arrived, and the Fargo-Moorhead real estate market is heating up! Whether you’re thinking about buying or selling, understanding the current market trends is key to making a smart move.According to Zillow and J.P. Morgan, the 2025 spring housing market is shaping up to be an exciting one. But don’t get caught up in the national headlines—local trends matter more than ever.Here’s what you need to know.<h2 style="font-weight: bold;">1. Timing the Market? That’s a Risky Game</h2>You may have heard that late May is the best time to sell. Zillow data shows that homes listed in late May sell for an average of $5,600 more than at other times of the year.But here’s the catch:<ul><li>In 2022, March was the peak month.</li><li>In 2023, it was June.</li><li>And in 2025? It’s still TBD.</li></ul>Why? Because mortgage rates, local demand, and inventory levels play a bigger role than the calendar.Realtor.com’s Chief Economist Danielle Hale put it best:“There are always reasons to be uncertain in the housing market. My advice is to keep your eyes open, and when you see a home that’s a good fit—go for it.”Trying to outsmart the housing market is like trying to time the stock market. It rarely works. <h2>2.Serious Buyers Aren’t Waiting for Spring</h2>A common myth is that most buyers don’t start house hunting until late spring or summer. But in reality?<ul><li>Serious buyers are already in the market.</li><li>Mortgage rate fluctuations mean buyers are jumping in and out year-round.</li><li>They’re not waiting for May—they’re waiting for the right home.</li></ul>For sellers, this means one thing: Don’t assume waiting will bring better buyers. The right buyer could be looking for your home right now. <h2>3. Mortgage Rates Matter More Than the Season</h2>This is the real wildcard of 2025.<ul><li>If rates drop, buyers flood the market—no matter the time of year.</li><li>If rates rise, demand cools off—even during peak selling months.</li></ul>That’s why Hale advises buyers to focus on long-term plans instead of short-term rate changes.For sellers, this means one thing:<ul><li>If buyers see an opportunity, they’ll jump—whether it’s March, May, or July.</li><li>The question isn’t just when you list—it’s how competitive you make your home.</li><li> </li></ul><h2>4.Local Market Trends Matter More Than National Headlines</h2>One of the biggest mistakes buyers and sellers make is trusting national news instead of local data.Zillow found that the best time to sell varies widely by city:<ul><li>In San Diego and Austin, peak selling season starts in March.</li><li>In Phoenix, sellers don’t hit peak pricing until November.</li><li>In Orlando, the “seasonal bump” is tiny—just 0.9%.</li></ul>Meanwhile, inventory is rising in some areas and staying tight in others.Fargo-Moorhead Spring Market UpdateSo what’s happening here in Fargo-Moorhead?<ul><li>Months of Inventory: 2.4 months, a steady decrease since October—but an increase is expected as spring listings hit the market.</li><li>Average List Price: $444,218, up 5.5% compared to last year.</li><li>Average Sales Price: $302,323, up 8.15% year-to-date.</li><li>Days on Market: Homes are spending an average of 56 days on the market, up from 44 days last year.</li></ul>What does this mean?<ul><li>Sellers: With low inventory, well-priced homes are already seeing multiple offers—now is a great time to list.</li><li>Buyers: Prices are rising, so waiting could cost you more as home values continue to appreciate.</li></ul>Want a deeper dive into market stats for your neighborhood? Contact me, and I’ll pull the latest data for you. <h2>5. The Right Listing Strategy Can Make or Break Your Sale</h2>Many sellers only focus on timing—but how you list your home is just as important as when you list it.Zillow’s research found that:<ul><li>Homes listed on the MLS sell for 1.5% more than off-market listings.</li><li>Homes with professional photos, 3D tours, and interactive floor plans sell for 2% more.</li><li>Homes with in-demand features—like remodeled interiors or outdoor spaces—can command thousands more in offers.</li></ul>This means sellers who maximize exposure and highlight key features will get top dollar—no matter the month.Final Thoughts: Don’t Wait for the “Perfect” MomentThe biggest takeaway from Zillow’s research and expert insights is this:<ul><li>For buyers: If you find a home that fits your needs and budget—and you plan to stay put—go for it.</li><li>For sellers: If you’re ready to sell, focus on strategy, not just timing.</li></ul>The market doesn’t wait for anyone, and the best deals go to those who are prepared to act.Thinking about making a move this spring? Let’s chat and make sure you’re ready!Sources:Zillow Spring Housing ReportBloomberg The CloseJ.P. Morgan Housing Market Outlook[Local MLS Data – Fargo-Moorhead Market Summary]

5 Things You Need to Know About the 2025 Spring Housing Market in Fargo & Moorhead

<h4>Real estate has always been considered one of the safest long-term investments, but according to top industry leaders, we may be on the verge of something even bigger—a real estate supercycle.</h4>Unlike short-term market swings that come and go, a supercycle is a prolonged period of sustained growth, driven by economic fundamentals like strong housing demand, policy shifts, and anticipated interest rate cuts. Chad Tredway, Head of Real Estate Americas at J.P. Morgan Asset Management, recently explained on Bloomberg’s The Close that today’s economic conditions, combined with eventual rate declines, could fuel years of real estate expansion. So, what exactly is a real estate supercycle, and how does it impact buyers, investors, and the overall housing market? Let’s break it all down. <h4>​What is a Real Estate Supercycle?</h4>A supercycle refers to an extended phase of strong market growth, where economic and demographic trends drive home values and demand higher, despite short-term fluctuations like rising interest rates.This isn’t just speculation—historically, real estate has experienced long periods of price appreciation driven by population growth, limited housing supply, and economic expansion. According to J.P. Morgan’s latest housing outlook, home prices are projected to rise by 3% in 2025, reinforcing the idea that today’s prices could look like a bargain in just a few years.“We could be entering a supercycle for real estate just given the current policy, the fact that rates will come down at some point, and the demand drivers we see in the economy.”– Chad Tredway, J.P. Morgan<h4>The Role of Interest Rates in the Supercycle </h4>If you’ve been following the housing market, you know that interest rates have been a major factor in buyer hesitation over the past year. Higher mortgage rates have sidelined some buyers, slowed price appreciation, and even increased housing inventory in certain markets. However, the fundamentals driving long-term housing demand haven’t changed.<h4>Here’s what’s happening with rates: </h4>✓ Interest rates peaked in 2023 and have been fluctuating since. ✓ The CME Group expects rate cuts in 2024 and 2025, which could provide much-needed affordability relief. ✓ Even without lower rates, demand remains high, especially in key real estate sectors like residential housing, industrial properties, and logistics.Translation? If rates drop, the market will heat up even more. That’s why industry experts are not waiting on the sidelines—they’re positioning themselves now, before the next surge in activity.<h4>2025: Home Prices Expected to Rise</h4>​&nbsp;J.P. Morgan projects a 3% increase in home prices in 2025. This might not sound like a lot, but housing demand is already outpacing supply, which means prices could rise even faster in high-demand markets. Waiting could cost you more in the long run—especially if rate cuts trigger a rush of buyers back into the market, increasing competition.<h4>Key Factors Driving the Real Estate Supercycle</h4>➤ Limited Housing Supply The U.S. is still facing a housing shortage, particularly in major metro areas. Even as new construction ramps up, supply won’t meet demand anytime soon. ➤ Demographic Shifts &amp; Household Growth Millennials and Gen Z are entering their prime homebuying years, fueling demand for homes. Aging baby boomers are holding onto properties longer, keeping inventory low. ➤ Strong Investment in Real Estate Institutional investors and homebuilders continue to expand, betting on long-term real estate growth. Industrial and logistics sectors are booming due to the rise of e-commerce and supply chain demand. ➤ Policy and Economic Factors Government incentives and tax benefits for homeownership could further increase demand. The Federal Reserve’s anticipated rate cuts will likely boost mortgage affordability.<h4>What This Means for Buyers &amp; Investors</h4>For Homebuyers: Buying now could mean locking in today’s price before appreciation makes homes even more expensive.&nbsp;If interest rates drop, refinancing later could save you thousands over the life of your loan.&nbsp;More inventory is available now than in past years, providing better options and negotiating power.For Investors:A real estate supercycle means long-term price appreciation and rental demand.&nbsp;Investing before rates drop could yield stronger cash flow opportunities.&nbsp;Sectors like multi-family housing, industrial real estate, and logistics are poised for growth.<h4>Final Thoughts: Should You Make a Move Now? </h4>​Waiting for “the perfect time” to buy or invest in real estate is like waiting for the perfect stock market moment—by the time it looks perfect, you’ve already missed the best opportunity.​ <span style="color: rgb(51, 51, 51); font-family: &quot;Helvetica Neue&quot;; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">➤ The housing market isn’t slowing down. <span style="color: rgb(51, 51, 51); font-family: &quot;Helvetica Neue&quot;; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">➤ A real estate supercycle means long-term growth opportunities. <span style="color: rgb(51, 51, 51); font-family: &quot;Helvetica Neue&quot;; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">➤ Buying or investing now could set you up for long-term wealth, regardless of short-term rate fluctuations. Want to dive deeper into what this could mean for you?&nbsp;And as always, if you have questions or want to discuss your options, I’m here to help!Sources:<a href="https://www.youtube.com/watch?v=gR1cqH_hcmY&amp;utm_source=chatgpt.com">• Bloomberg The Close</a> <a href="https://www.jpmorgan.com/insights/global-research/real-estate/us-housing-market-outlook?utm_source=chatgpt.com">• J.P. Morgan Housing Market Outlook</a> <a href="https://www.attomdata.com/">• ATTOM Real Estate Data</a>

Why Real Estate Could Be Entering a ‘Supercycle’—And What That Means for You

​Owning a home comes with plenty of rewards—but also plenty of surprises. And not the fun kind, like finding an extra storage closet you forgot about. We’re talking about unexpected home repairs—the kind that can cost thousands of dollars and derail your finances if you’re not prepared.What if I told you that over 30 years, the average homeowner will spend more than $180,000 on maintenance and repairs? Sounds crazy, right? But when you break it down, it’s simple math: Homeowners spend an average of $6,087 per year on unexpected fixes, according to a recent survey from Real Estate Witch. That’s more than most people’s property taxes or homeowners insurance.Yet, nearly half of homeowners don’t actively budget for repairs—and it shows:• 59% of homeowners&nbsp;couldn’t cover a&nbsp;$5,000 repair without relying on credit card debt.• 23% would need to use credit&nbsp;for even a&nbsp;$1,000 emergency fix.So, how much should you save? And what steps can you take now to avoid financial stress when (not if) something goes wrong? Let’s break it down. ​The Real Cost of Home Repairs​ Regular maintenance can help prevent major issues, but some repairs are simply unavoidable. Here’s a look at the most common (and costly) home repairs homeowners face:• HVAC repairs or replacements: $5,000 – $10,000• Roof repairs or replacement: $3,000 – $15,000• Plumbing issues (burst pipes, sewer line problems): $2,000 – $10,000• Foundation repairs: $5,000 – $25,000• Electrical system repairs: $2,000 – $6,000Without a home emergency fund, these costs can hit hard. The last thing you want is to go into debt just to keep your house in working order. ​How Much Should Homeowners Save for Emergencies?​ A good rule of thumb is to set aside 1% to 3% of your home’s value per year for maintenance and repairs.For example:$400,000 home → Save $4,000 – $12,000 annuallyIf you own an older home (20+ years) or live in an area prone to natural disasters, it’s smart to aim for the higher end of this range. ​Katie and I Experienced This Firsthand​ If you’re thinking, “This won’t happen to me,” I totally get it—I used to think that too. But trust me, home repairs can hit when you least expect them.After just three months in our current home, Katie and I discovered water damage in our basement. What started as a small issue quickly turned into a major project. We had to:✔ Remove all the carpet✔ Cut out sections of drywall✔ Repair a foundation crack✔ Completely refinish the basement bedroomIt was a stressful and expensive process, but it also reinforced how important it is to be financially prepared for unexpected home repairs. ​How to Build Your Home Emergency Fund (Even on a Tight Budget)​ Not sure where to start? Here’s a step-by-step approach to saving for home repairs without feeling overwhelmed:1. Start Small &amp; Stay Consistent✔ Set a goal: Aim for at least $5,000 in emergency savings.✔ Automate savings: Transfer $50-$200 per month into a separate account.✔ Round up transactions: Use apps like Acorns or Qapital to save spare change from everyday purchases.2. Cut Unnecessary ExpensesLook at your budget and find small ways to free up extra cash:✔ Cancel unused subscriptions (streaming services, gym memberships, etc.)✔ Reduce dining out and cook at home more often✔ Negotiate lower rates on insurance, phone bills, or utilities3. Boost Your Income with Side HustlesConsider extra income sources to pad your emergency fund faster:✔ Freelance gigs (writing, graphic design, virtual assistance, etc.)✔ Gig economy work (Uber, DoorDash, Instacart)✔ Selling unused items on Facebook Marketplace, eBay, or Poshmark4. Use a High-Yield Savings AccountA dedicated emergency fund in a high-yield savings account keeps your money separate but accessible when you need it. ​What to Do When a Home Repair Emergency Happens​ Even with solid planning, unexpected repairs are inevitable. Here’s how to handle them without financial panic:✔ Assess the urgency: Is this a must-fix-now issue (broken furnace in winter) or something you can budget for?✔ Get multiple quotes: Compare prices from at least two or three contractors before making a decision.✔ Negotiate and ask for discounts: Many service providers offer discounts for upfront cash payments or seasonal promotions.✔ Consider a home warranty (if it makes sense): While not for everyone, a home warranty can help cover big-ticket repairs—just be sure to read the fine print.✔ Use a low-interest emergency loan as a last resort: If borrowing is unavoidable, look for low-interest personal loans instead of high-interest credit cards. ​Final Thoughts: Be Prepared, Not Surprised​ Homeownership comes with unexpected surprises, but with a solid financial plan, they don’t have to turn into disasters.If you’re in the market for a home, budget beyond just your mortgage payment—factor in maintenance, unexpected repairs, and long-term upkeep.A little planning today can save you from a financial headache tomorrow. Start your home emergency fund now and rest easy knowing you’re prepared for whatever homeownership throws your way! ​Sources:&nbsp;<a target="_blank" href="https://www.realestatewitch.com/">Real Estate Witch</a>​Need help navigating the home buying or selling process? Let’s chat!​ #HomeMaintenance #EmergencyRepairs #HomeBudgeting

Can You Afford a Home Emergency Without Going Into Debt?

Buying your first home is a monumental step in life, full of excitement and challenges. For those venturing into the real estate market in Dilworth, Minnesota, it's crucial to equip yourself with the right knowledge and strategies. Jayce Johnson, an expert at Jayce Johnson | RE/MAX Realty 1, offers invaluable insights to help you make well-informed decisions during this journey. With our assistance and the right preparation, you can turn your dream of homeownership into a reality. 
<h2>Understand the Local Real Estate Market</h2>
Before diving into your home search, it's essential to understand Dilworth's local real estate market dynamics. Known for its welcoming community and convenient location near Moorhead and Fargo, Dilworth offers a blend of small-town charm and accessibility to larger city amenities. According to the <a href="https://www.cityofdilworth.com">Dilworth Local Government</a>, the area's real estate market remains competitive, with demand often outstripping supply.
Analyzing recent market trends can help first-time homebuyers set realistic expectations. Research the average home prices and how they have fluctuated over the years. Consult with Jayce Johnson, who can provide you with detailed market reports and insights into how external factors may affect housing prices in Dilworth.
<h2>Set a Realistic Budget</h2>
Determining a feasible budget is a critical step in your home-buying process. Start by considering your financial situation, including your monthly income, savings, and any debts. Financial advisors recommend that your mortgage payments should not exceed 30% of your monthly income.
Next, engage with a local mortgage specialist to explore various financing options. Mortgage rates can vary, so it's crucial to shop around for the best rates. Factor in additional costs, such as property taxes, insurance, and maintenance, when crafting your budget. Jayce Johnson can help you connect with reputable lenders who specialize in first-time homebuyer programs, thus simplifying your financing journey.
<h2>Gain Pre-Approval for a Mortgage</h2>
Securing a mortgage pre-approval is a tangible way to streamline your house hunting. It not only clarifies your budget but also boosts your credibility as a serious buyer in the eyes of sellers. Pre-approval involves a thorough analysis of your financial background and results in a concrete loan amount you qualify for.
Utilize online resources like the <a href="https://www.hocmn.org/">Minnesota Homeownership Center</a> for guides on securing a mortgage pre-approval and managing your finances effectively. Pre-approval is an asset in a competitive market, granting you leverage during negotiations that can make your offer stand out.
<h2>List Your Priorities</h2>
Before embarking on house tours, jot down a list of priorities and essential features you wish your new home to have. These may include proximity to schools, specific bedroom or bathroom counts, yard size, or neighborhood amenities. 
Being clear on what matters most can help you avoid common pitfalls such as over-stretching financially for unnecessary features. Jayce Johnson’s profound understanding of Dilworth neighborhoods allows him to expertly guide buyers towards properties that align with their needs and aspirations.
<h2>Conduct Thorough Property Inspections</h2>
Once you have narrowed down your choices, it's crucial to conduct comprehensive property inspections. Inspections reveal potential issues within a house that may not be visible during a typical showing, such as structural deficiencies or outdated systems.
Employing a certified home inspector can save you from unwanted surprises after purchasing. The <a href="https://www.homeinspector.org/">American Society of Home Inspectors</a> offers resources for finding qualified inspectors. Jayce Johnson can recommend trusted local inspection professionals to ensure your prospective home is structurally sound and a worthy investment.
<h2>Negotiate with Confidence</h2>
With Jayce Johnson at the helm, you've got an experienced negotiator advocating for your interests. Negotiation is where having reliable, local expertise shines. With his intimate knowledge of the market and sharp negotiation skills, Jayce can often secure better terms and prices for buyers.
Stay informed and assertive, yet remain flexible to reach a mutually beneficial agreement. Whether it's adjusting closing costs, fixing identified issues, or securing a price reduction, effective negotiation can provide significant savings and peace of mind.
<h2>Plan for the Future</h2>
Homeownership is not just about the present, but planning for the future is equally crucial. Consider how the home will suit your evolving needs over the years. Look into the neighborhood's potential for growth and how that might impact your investment. 
Staying in touch with educational resources such as the <a href="https://www.mnrealtor.com/">Minnesota Realtors Association</a> can help you stay informed on market trends and real estate news, ensuring your home remains a solid investment.
<h2>Wrap-Up</h2>
Choosing to buy your first home in Dilworth, Minnesota, is an exciting endeavor filled with opportunities. By understanding the market, setting a realistic budget, securing pre-approval, and working with seasoned professionals like Jayce Johnson, first-time buyers can navigate the process more smoothly and successfully. 
Jayce Johnson | RE/MAX Realty 1 stands ready to support you at every step, offering expert guidance tailored to your unique needs. Visit Jayce’s website at <a href="http://movesmartstressless.com">movesmartstressless.com</a> to start your homebuying journey today and transform your aspirations into reality.

First-Time Homebuyer Tips in Dilworth, Minnesota

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Stay informed with expert real estate articles from Bruce and Jayce Johnson. Explore market trends, home buying and selling tips, and community insights for Fargo, Moorhead, West Fargo, and surrounding areas.