Home prices will fall this summer as owners cave to selling pressure, according to Redfin's CEO.
Homes in Florida and Texas are already beginning to see "major price cuts," the firm said.
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AdvertisementHouse prices will drop this summer as homeowners trying to wait out high mortgage rates are realizing they can't postpone moving any longer, according to Redfin CEO Glenn Kelman.
Homes in key metros, like Florida and Texas, are already seeing "major price cuts," Kelman said.
Persons:
—, Glenn Kelman, Kelman, Redfin
Organizations:
Homes, Service, Business
Locations:
Florida, Texas