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: Housing market has hit ‘rock bottom,’ says Redfin CEO Glenn Kelman

This is turning out to be a long, cool summer — at least where the housing market is concerned

“The only people moving right now are the ones who absolutely have to,” Redfin CEO Glenn Kelman told MarketWatch.


For the real-estate sector, 2023 is turning out to be the summer when it all came to a halt.

Mortgage rates have stayed around the 7% range over the last few days, making it more expensive to buy a home for many aspiring homeowners. Even if buyers come to terms with high rates, home listings have been scarce, as homeowners hold out on listing…

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