Housing prices are going to soften, says Redfin CEO Glenn Kelman

Glenn Kelman, Redfin CEO, joins ‘Closing Bell’ to focus on distant staff’ affect on the housing market, rising mortgage charges and his outlook for housing. For entry to reside and unique video from CNBC subscribe to CNBC PRO:

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24 thoughts on “Housing prices are going to soften, says Redfin CEO Glenn Kelman

  1. fred malcom says:

    Urgent Alert !! More mass shooting will happen if DOJ Garland doesnt arrest top Trumpist!

    Given what we know now, the Supreme Court and DOJ are somewhat compromised by a few!

    No person is above the law Garland, do your job! Listen to former DOJ Eric Holder, you can and need to prosecute Trump.

    since January 6 2021 not one single Republican lawmaker has been held accountable for their insurrection actions. they will win re-election if not arrested and they will cause more chaos. Put an end to the Trumpist Republicans

    The world has greater peril from those who tolerate evil, like the DOJ, than from Trump and his fellow insurrectionist! DOJ Garland is ending democracy by not prosecuting Trumpist.

    Civil Contempt For Trump, But Trump Has Not Been Indicted
    1. the DOJ Garland wants to let Trump go
    2. DOJ Garland is afraid of what might happen to himself
    3. DOJ Garland is afraid to do his job and wants others to pursue Trump in Civil Court

    DOJ Garland
    promised to hold Trump insurrectionists accountable, but he has not done so for the insurrection leaders and he is not cooperating with all other justice departments.
    Garlands plan is to wait out the clock so he can say, oh we just couldn't get to it in time.www…

  2. Filese Stalaj- Jupin says:

    See how you can predict lowering or softening of prices when there is very little inventory!!! People are not moving!!! There's no listings I recommend the people that are looking by make an offer if they take it buy it maybe what I could recommend is try to make an offer but I wouldn't wait for anything to happen because I think it's only going to get worse people are just not leaving their homes where can they go their rates are good and they're probably paid off halfway and with this monkey virus even I'm afraid!!! Listen to your gut if you can afford it and make a garden get a horse or a pig and a cow and get out of Dodge that's what I say

  3. Curtis Kinoo says:

    What a joke interview… This is not news, this is pure BS. Don’t buy a home now folks! Wait, if you could for a few months to purchase because this market is no longer national, but international.

  4. brian oleson says:

    remote work is a BS excuse millions of works have to leave there home everyday i got news for you this country cant run by sitting at a computer. we still decades away from robots walking down the road to do things

  5. mattman says:

    Expect at least a 20-30% home price depreciation which would erase the gains from the last 2-3 years. As comps get lowered the cards will start to fall. Then people will be underwater on their house with a big heloc. There will be no safe haven as with stocks now. Anyone who thinks home prices can remain here is just full of themselves. There is no data that suggests housing will rise or remain flat. Every metric says housing will fall.
    1: increased inventory to 9 months
    2: higher mortgage rates
    3: halting sales -27% yoy
    4: Refi almost 0. Lenders already doing layoffs
    5: mortgage to income at an all time high. Even worse utilities and gas keeps going up. People will not be able to sustain their spending which will lead to lower consumer spending, lower gdp, recession, layoffs, job losses and people not able to afford their homes.

    It’s common sense and simple economics. Anyone who doesn’t pay attention to the data and facts is probably over leveraged or in the real estate business. Everyone in real estate is just a salesman. They only make money when other people spend.

  6. Imogen Royce says:

    I read about a man in his 50s that started investing in stocks then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years

  7. Kay Realist says:

    Crazy logic. Life happens to people and regardless of low rates they acquired, many will likely take massive losses when relocating for work or one of many reasons. For those who refinanced with large equity buffers, they will likely take hits to their monthly cashflows. Most will likely be forced to downgrade which would cause homes priced on the top end to dramatically correct to the downside. This will be interesting to watch.

  8. Johnson Dunger says:

    It makes sense<, BTC and crypto is off helping to regulate, rather that pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. And benefits they were unaware with before turn out to be far more beneficial. Few if any rug pulls. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 16` btc from day-trade with JaneDonre, Crypto in few weeks

  9. Vin says:

    This is just the beginning…

    ✔️Mortgage rates have already crossed 5% and will touch 6-7% by soon.
    ✔️Buyers who pre qualified at 3% are no longer qualified during closing now with 5% Mortgage rates leading to CANCELLED CONTRACTS in spring/summer.
    ✔️Foreclosure stopped for last 2 years will start hitting the market.
    ✔️New construction supply will start hitting the market at the same time
    ✔️The wallstreet ibuyers will start dumping their real estate purchases once they realize there is no more price appreciation left.
    ✔️It takes just 1 house on the street to sell at 10-20% below asking to start the trend and pull values for the remaining "comps".

    A housing crash is inevitable.

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