What once seemed like it was as hot as lava, The U.S. housing market now seems to be cooling down pretty quickly. But why? There seems to be enough people looking to buy homes right now with Millennials making up 43% of homebuyers, up 5% from last year. They are looking for more space and a place to set down some roots. So what seems to be the problem?

According to experts, there isn't enough supply to meet the demand. Recession fears and rising inflation are also playing a part with higher interest rates making mortgages more expensive.

5 Things Sunday host James Brown sat down with veteran observers of the housing market and USA TODAY journalists Swapna Venugopal and Terry Collins to talk about the housing market and if what we are seeing is a buyer's, seller's or a weird neverland of in between. And are we heading into more normal territory.

For more on the housing market, read:

Housing market first-timer? From contingency to foreclosure to housing market predictions, what you should know.

Housing market grinding to a halt? High mortgage rates bring sales and listings down

Energy price shuffle means no inflation relief. Winter utility bills to cancel gas savings.

Homebuyers are rejecting more offers than ever for 'tiny' issues. What's a seller to do?

Is that home worth getting into a bidding war? Here are 3 cases when it might be

It's a tough market for buying a home. Here's how buyers are doing it.

America's aching economy is forcing tough choices. How people are 'barely making it' work.

As home sales stall, sellers' fix-it punch list budget is 50% higher, data shows

For more stories from Terry Collins, click here.

For more stories from Swapna Venugopal, click here.

Follow James Brown, Swapna Venugopal and Terry Collins on Twitter.

If you have a comment about the show or a question or topic you'd like us to discuss, send James Brown an email at jabrown@usatoday.com or podcasts@usatoday.com. You can also leave him a voicemail at 585-484-0339. We might have you on the show.

Episode Transcript available here

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