Having trouble finding a home in this market?

The lack of inventory has been the main story in the industry this year.  According to Redfin, more than 80% of all households with a mortgage have a rate below 5%.  With rates over 7.5%, "current homeowners are reluctant to put their house on the market and give up [their] existing low-rate mortgage", according to CNBC.  Many homeowners are choosing to wait until rates drop to move.  As a result, if you are currently in the market to buy a home, it may feel like you're looking for a needle in a haystack!