Reported about 12 hours ago
In a recent podcast, Property Brothers Drew and Jonathan Scott emphasized that the housing supply shortage is the primary factor driving up home prices, making it challenging for first-time buyers. They noted that the U.S. is approximately 4.5 million homes below a healthy inventory level, leading to higher competition and prices. Despite recent interest rate cuts by the Federal Reserve, mortgage rates continue to rise, raising concerns about future affordability for potential homeowners. The brothers also suggested that innovative financing solutions may be necessary to make homeownership more accessible.
Source: YAHOO