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Why Is the Central Iowa Market so Active Right Now?
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Surely you've noticed the extremely low gas prices here in Central Iowa. Today, we'll explain why rock-bottom gas prices are affecting more than just your wallet!
Obviously, the amount of money we spend on gas is a large part of our monthly budget. In fact, here at the Misty SOLDwisch Team, we've found that low gas prices have had a positive effect on the Central Iowa market as a whole. Despite the fact that it's 0 degrees and snowy outside, we're already seeing spring market conditions because of the increased buying power of people in the area!
Doing a little bit of research online, we found that a 23% decrease in gas prices creates about $100 a month in extra buying power for the average consumer. This has caused people in our area to be able to afford more expensive homes or to act sooner than they had originally intended to. So, if you're on the fence about entering the market or thinking about waiting until the spring market to make your move, we want to tell you the spring market is already here!
If you have any questions about how these conditions affect your ability to buy or sell in our market, please give us a call or shoot us an email. We would love to help you out!