Redfin CEO Predicts Prolonged Sales Slump as Housing Market Hits Rock Bottom
Sundry Photography/Shutterstock The CEO of Redfin, Glenn Kelman, believes the housing market has reached its lowest point, in spite of its dire condition. Mortgage rates and home prices are prohibitively high, negatively impacting affordability for potential homebuyers. Kelman forecasts a prolonged sales slowdown and the continuation of a grim market landscape. The only comforting aspect …