Redfin CEO: Housing To See Major Price Cuts, ‘Soft Summer’ Ahead | Glenn Kelman

Glenn Kelman, CEO of Redfin, explains why the housing market in the U.S. will see "softness" this summer. Glenn's last interview with me: https://youtu.be/WSEuHEODzIY?si=Wc8_9... *This video was recorded on June 7, 2024 Listen on Spotify: https://open.spotify.com/show/510WZMF... Listen on Apple Podcasts: https://podcasters.spotify.com/pod/sh... FOLLOW GLENN KELMAN: Redfin: Website: https://www.redfin.com/ Twitter (@glennkelman): https://x.com/glennkelman Home Prices Falling: https://www.redfin.com/news/housing-m... The Sun Belt Is Seeing Some of the Biggest Rent Declines in America: https://www.redfin.com/news/redfin-re... FOLLOW DAVID LIN: Twitter (@davidlin_TV): https://twitter.com/davidlin_TV TikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tv Instagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/ For business inquiries, reach me at [email protected] *This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates. 0:00 - Intro 1:10 - Mortgage defaults? 5:40 - Housing affordability 8:45 - Mortgage rate outlook 12:20 - Housing market correction 18:15 - Housing shortage 20:22 - Fed rate cuts and mortgage market 23:40 - National vs. regional rent 26:00 - Listing agents 28:50 - Subsidized housing 29:47 - Rent control #housing #realestate #economy