

‘Strongest Buyer’s Market’ In A Decade: Redfin CEO On Falling Home Prices | Glenn Kelman
Oct 1, 2025
Glenn Kelman, CEO of Redfin and housing market expert, discusses the emerging buyer's market, claiming it's the most favorable in a decade due to rising inventory and waning seller confidence. He highlights regional shifts, pointing to the Midwest's resilience compared to coastal areas. Kelman also delves into the impact of rate changes and inflation on mortgage dynamics, emphasizing increased purchasing power for buyers. He critiques the current state of new home sales and the challenges of builder costs, leaving listeners pondering the uncertain outlook for 2026.
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Price Declines Improve Affordability
- Falling home prices increase affordability for younger buyers even if owners dislike it.
- Glenn Kelman argues price declines are necessary to make the American dream attainable.
Builder Reports Can Mislead Market Views
- Reported spikes in new-home sales can be unreliable due to builders' inconsistent reporting.
- Kelman cites canceled contracts and economic uncertainty as dampeners on sustained gains.
Cut Permits And Preapprove To Build Faster
- Cut red tape and pre-approve permits to speed up housing construction in growth areas.
- Kelman recommends government guarantees and regulatory simplification to encourage builders.