Navigating the Housing Market in 2023

This chapter analyzes the evolving U.S. housing market as 2023 concludes, emphasizing the effects of recent economic shifts including interest rate changes. It discusses buyers' and sellers' emotional attachments to homes and the market dynamics that currently challenge potential homeowners, especially young professionals. Additionally, it highlights the need for policy reform to address housing affordability and the generational wealth gap in real estate ownership.

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Today’s show:

Redfin’s CEO Glenn Kelman joins Jason to discuss essential tips for entering the market (4:55), hacking the system with concepts like “developer homes” and “accessory dwelling units” (22:55), finding happiness and success within simpler goals (28:40), and more!

Timestamps:

(0:00) Glenn Kelman, CEO of Redfin, joins host Jason.

(2:13) Residential Real Estate Market: Current Trends and Analysis.

(4:55) First-Time Home Buyers: Essential Tips for Entering the Market.

(8:28) The dire need for building homes and other creative solutions to the housing crisis.

(10:21) Lemon.io - Get 15% off your first 4 weeks of developer time at https://www.Lemon.io/twist

(11:46) Looking at solutions for loans for builders and embracing the novel idea of taxing unused land.

(17:06) The second home phenomenon and it’s impact on the overall market.

(21:24 ) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/TWIST

(22:55) Hacking the system with concepts like “developer homes” and “accessory dwelling units”

(25:31) Redfin’s success and Glenn learning about what really matters to their customers.

(28:40) Simplifying your business and getting rid of side quests.

(32:27) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist

(33:55) Remote Work Dynamics: Measuring Productivity and Sustaining Company Culture.

Check out Redfin: https://www.redfin.com/

Thanks to our partners:

Lemon.io - Get 15% off your first 4 weeks of developer time at https://www.Lemon.io/twist

Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/TWIST

OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist

Articles and Links from this episode:

https://techcrunch.com/2020/10/15/founders-hacker-hype-homes-remote-work/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFUxPOXc4AHnjptN6dxkwFgpZ0kvPL_gTJ1uMicNRJwwtbQbuS1P0AI0MbDZzGawLNTArPSTT6VrWbByv-AyGXGWF_mkTdLG6eBSgiTrJPpqyBvY1y-GZoAE4xzQdq9v8ciP0VfQpKcSr-acjKYZEdwlc0XZV2lP6CeOb9I_QqXl
https://www.samara.com/
https://www.washingtonpost.com/business/2023/05/21/adu-granny-flat-california-housing-crisis/
https://www.forbes.com/sites/everettpotter/2021/06/27/pacaso-disrupting-vacation-home-ownership/?sh=25feeca8693a
https://www.businessinsider.com/tony-hsieh-las-vegas-trailer-park-2017-5

Glenn’s Past Episodes on TWiST: