Homebuyers face challenges amidst housing market struggles and high rates.

Homebuyers are making compromises due to high mortgage rates, limited inventory, and eroding affordability in the housing market. They are looking for smaller homes and going farther out from town centers to afford what they want. Must-have items like pools and extra bedrooms are no longer a priority. Some buyers are even willing to take on remodeling projects and live with blue and green bathroom tiles. Despite higher rates, home prices have not fallen significantly, and in some markets, they are still rising. Turnkey homes are off average buyers' lists, and buyers are willing to put in sweat equity to get into a home they otherwise couldn't afford.