Real estate market weathering ‘perfect storm’ for family homes: Carroll CEO

Source: Fox Business — 

While the 30-year fixed mortgage rate might be slowing for the first time in a month, one real estate investor warns the market is still brewing a “perfect storm” for consumers – but especially single and multifamily homebuyers.

“We are seeing a supply-demand imbalance,” Carroll founder and CEO Patrick Carroll said on “Mornings with Maria” Tuesday. “There’s not as much affordable housing for people that want to move to these areas.”