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_9...)
*This video was recorded on June 7, 2024
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Home Prices Falling: https://www.redfin.com/news/housing-m...)
The Sun Belt Is Seeing Some of the Biggest Rent Declines in America: https://www.redfin.com/news/redfin-re...)
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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)
