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Top related persons:
— - 2 Glenn Kelman - 2 Redfin's Kelman - 2 Kelman - 2 That's - 1 Robert Reffkin - 1 Reffkin - 1 Freddie Mac - 1
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Reffkin Texas Florida
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Service - 2 Business - 1 National Association of Realtors - 1 CNBC - 1 Yahoo Finance - 1 Fox - 1

Search resuls for: "Redfin's Kelman"


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☆ From more inventory to lower prices, here are 3 signs the housing market may be getting better for buyers
  + stars: | 2024-05-23 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +4 min
Read previewThe housing market may be starting to turn a corner, offering frustrated buyers a chance to jump back into the market after a long stretch of dismal prospects. "We think the housing market is going to improve over the next half of a year," Glenn Kelman, the CEO of Redfin, in a recent interview. Inventory is risingMore inventory is finally trickling into the housing market, which could help push prices down. Elevated mortgage rates are a key problem in today's housing market, as they deter both buyers and sellers from making deals. Rates dropping to 5%-6% would make the housing market "explode," but even a 6.5% 30-year mortgage rate would be enough to make the housing market "very strong," Reffkin said.
Persons: —, Glenn Kelman, That's, Robert Reffkin, Reffkin, Freddie Mac, Redfin's Kelman, Kelman, Compass's Reffkin Organizations: Service, Business, National Association of Realtors, CNBC Locations: Reffkin, Texas, Florida
☆ Home prices are poised to drop as the frozen housing market thaws, 2 top experts say
  + stars: | 2023-11-24 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
Price drops may be needed to thaw the housing market, which could take years, Zandi said. Kelman expects home prices to drop next year, as listings are up and sellers are cutting prices. AdvertisementHouse prices may be headed lower, dealing a blow to sellers but providing relief to buyers, two experts say. The housing market ground to a halt this year, as the Federal Reserve's inflation-fighting hikes to interest rates have boosted mortgage rates to two-decade highs. "I don't expect the housing market to come roaring back here, certainly not in 2024," he said.
Persons: Mark Zandi, Glenn Kelman, Price, Zandi, Kelman, —, Morgan Stanley's, there's, we've, Redfin's Kelman Organizations: Service, Yahoo Finance, Fox
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