Redfin CEO: Housing To See Major Price Cuts, ‘Soft Summer’ Ahead | Glenn Kelman

Glenn Kelman, CEO of Redfin, explains why the housing market in the U.S. will see "softness" this summer.

Glenn's last interview with me: https://youtu.be/WSEuHEODzIY?si=Wc8_95mXzTwFzYKr

*This video was recorded on June 7, 2024

Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34s
Listen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-report

FOLLOW GLENN KELMAN:
Redfin: Website: https://www.redfin.com/
Twitter (@glennkelman): https://x.com/glennkelman
Home Prices Falling: https://www.redfin.com/news/housing-market-update-home-prices-decline-austin/
The Sun Belt Is Seeing Some of the Biggest Rent Declines in America: https://www.redfin.com/news/redfin-rental-report-april-2024/

FOLLOW DAVID LIN:
Twitter (@davidlin_TV): https://twitter.com/davidlin_TV
TikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tv
Instagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/

For business inquiries, reach me at [email protected]

*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
1:10 - Mortgage defaults?
5:40 - Housing affordability
8:45 - Mortgage rate outlook
12:20 - Housing market correction
18:15 - Housing shortage
20:22 - Fed rate cuts and mortgage market
23:40 - National vs. regional rent
26:00 - Listing agents
28:50 - Subsidized housing
29:47 - Rent control

#housing #realestate #economy


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