Redfin CEO Glenn Kelman discusses the current state of the housing market, issues in the industry, Zillow offering 15% down payment loan program and why the company left the National Association of Realtors.
Redfin CEO Glenn Kelman reacts to the U.S. real estate market, warning homebuyers that relief from the "rock bottom" economic conditions remains uncertain in 2024.
"You'll have to ask the Fed when the market's going to get better, because it seems very unlikely that interest rates will ease by the end of this year. So, the only real question is whether we're going to catch a break entering the home buying season of 2024. But I think most people have written off the 2023 home buying season," he said earlier this week.