This is ‘the biggest difference' in today's housing market, according to the Property Brothers

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While the housing market continues to face underlying supply constraints, a home purchase is still a good purchase in the long run, the Property Brothers say.

"I don't think people realize this shortage of housing that we have affects everything," said Drew Scott, co-host of The Property Brothers, a home renovation and design television series.

The median sales price of U.S. homes was $412,300 in the second quarter of 2024, according to the U.S. Census via the Federal Reserve."I don't think people realize this shortage of housing that we have affects everything," added his brother Jonathan Scott. The two host a home renovation and design television series."From the unhoused problem to the cost of housing."to the U.S. Census via the Federal Reserve.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly While there have been recent signs of improvement for housing supply, it's not enough to solve the underlying constraint in the U.S. housing market.'It's ok if you wait a few years'according to CoreLogic. Home equity increased in the second quarter of this year by $1.3 trillion, an 8.0% growth from a year prior.Health savings accounts offer 'unmatched' tax benefits, expert says

 

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