A real estate expert predicts a “cooling” of the real estate market

Mitch Roschelle, founding partner of Macro Trends Advisors LLC, has joined “Varney & Co.” Thursday, saying “demand is still outstripping supply” in the housing market and predicting it is “cooling down.”

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MITCH ROSCHELLE: Just think of the sheer economics of the monthly payment…prices have also gone up…that’s a double whammy for the Buyer…I think what we’re seeing is people rushing to see if they can find a house because they’re worried that interest rates will go up even more and they want to lock in when they do. can.

Mitch Roschelle, founding partner of Macro Trends Advisors LLC, told FOX Business that the housing market is “cooling down.” (Photo by STEFANI REYNOLDS/AFP via Getty Images/Getty Images)

You look at pending home sales…it’s a leading indicator. We’ve seen existing home sales slow down a bit…it’s cooling off, which might not be a bad thing because, you know, 21% year over year the price increases are really unsustainable for homebuyers, especially large first-time homebuyers.

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