Finding your perfect home could take time, especially with the low inventory that is expected to continue into 2024. High interest rates caused many buyers to step back in their home search. That means less competition for homes that are available. When interest rates drop, expect to see buyers returning to the market, and if inventory remains low, a very competitive environment. This is an opportunity to get ahead of the competition in your home purchase. Keep in mind that interest rates will change. Then refinance when they drop. When the perfect home finally becomes available, can you afford to pass it up.