Shopping for primary residence

[Barney Davis]

We sold our house back in September (we had a contract for asking price in two days). We moved into a smaller house that we’ve been renting out for the last decade. We are sitting in a good position because we are living very cheap and on more cash than we’ve ever had. We got approved for way more than we should ever borrow because our debt to income looks great and we have enough money to put down over a 30-35% down payment. The problem is there’s not much listed for sale right now and everything is so inflated. I’m curious what everyone would do in this position? I’m hoping as spring rolls around there will be more listings pop up and hopefully prices may come down. My wife is getting anxious because we are a little cramped with 3 kids in 1200 square feet. Lol! Any suggestions are appreciated.