Real estate expert: Housing market ‘cooling’ off
Macro Trends Advisors LLC founding partner Mitch Roschelle provides insight into the housing market.
Macro Trends Advisors LLC founding partner Mitch Roschelle joined "Varney & Co.," Thursday, arguing that "demand is still outstripping supply" in the housing market, and predicts it's "cooling off."
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MITCH ROSCHELLE: Just think about the sheer economics of the monthly payment…prices have also gone up…it's a double whammy for the homebuyer…I think what we're seeing is people racing out to see if they can find a home because they're worried that interest rates are going to go even higher, and they want to lock in when they can.