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Here’s a line slung around a lot in the past year: “These are unprecedented times.” But it’s absolutely true in the sense that the mortgage industry is facing the biggest housing inventory shortage in decades.

In the past, there have been areas of the country with low inventory, but it’s everywhere right now. There are literally more Realtors than houses for sale at the moment. No one has seen anything like it. As a mortgage originator, you probably have a ton of preapprovals for buyers who can’t find properties. Sellers are receiving 10 to 15 offers on their homes. This is not only a problem for buyers — it’s a problem for lenders and real estate agents as well.