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Spencer Rascoff appeared on CNBC's Squawk Box this morning to talk housing.

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Spencer Rascoff appeared on CNBC’s Squawk Box this morning to talk housing.

Rascoff talked about how the 44 percent of Americans who are effectively underwater on their mortgages are affecting the housing market, and how rising interest rates will impact future housing supply and demand.

Watch the segment here or by clicking on the image below.

Spencer on CNBC