You’ve heard it a million times: “Wait for the market to crash.” “Interest rates are too high.” “It’s not the right time to buy.” But here’s the truth: for many Iowans, right now is actually a smart time to purchase a home and waiting could cost more than you think.

Let’s break it down and bust the myths that might be holding you back from your next move.

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🏡 1. More Homes Are Finally Hitting the Market

After years of low inventory and bidding wars, the tide is starting to shift. In cities like Des Moines, Ankeny, and West Des Moines, we’re seeing more homes listed, giving buyers a broader selection and slightly more breathing room.

More inventory = more choices = more negotiating power.

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💰 2. Sellers Are More Willing to Negotiate

In red-hot markets, sellers held all the cards. But today? Buyers are starting to call some of the shots. We’re seeing:

• Price reductions
• Seller-paid closing costs
• Flexible closing timelines
• Even offers to buy down your mortgage rate

This is the kind of leverage that could save you thousands and you don’t get that during a buying frenzy.

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📉 3. Interest Rates Could Fall But Prices Will Rise

Yes, mortgage rates are higher than a few years ago. But the real estate market is watching inflation closely, and most experts predict rates will slowly decline through late 2025.

Here’s the catch: when rates drop, competition will spike. That means:

• Higher prices
• More bidding wars
• Less negotiation room

Buying now means you can refinance later if rates improve but you’ve locked in a home before the next wave of buyer demand pushes prices higher.

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🏘️ 4. Renting Isn’t Getting Cheaper

Rents across Iowa have steadily increased, and in some areas, monthly rent is equal to or more than a mortgage payment. If you’re planning to stay put for at least 2-3 years, buying now could:

• Build equity instead of paying someone else’s mortgage
• Lock in predictable housing costs
• Potentially qualify you for first-time homebuyer programs

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🌱 5. You’re Buying a Lifestyle, Not Just a Mortgage Rate

Home is more than numbers on a spreadsheet it’s where life happens. A backyard for your kids. A home office for your new job. A neighborhood that finally feels like you.

If you’ve been waiting for a “perfect market,” here’s your sign: the perfect time is when you’re ready.

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✅ Bottom Line: Timing the Market Rarely Works

Trying to “perfectly time” a market is like waiting for the ideal moment to fall in love. It sounds smart in theory but in real life, it’s often better to make a confident, informed move based on your situation.

Right now, Iowa buyers have more homes to choose from, motivated sellers, and a real chance to get into a great property before the next surge in demand.

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Scene It Tip: Talk to a trusted local real estate agent or lender. Many offer free consultations and can show you options you didn’t even know existed including down payment assistance or special loan programs.

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Want help connecting with a local lender or agent in your area? Drop us a message we’d love to help you discover your next “home sweet home.”