MASSIVE! This News TOTALLY CHANGED MY MIND About The US Housing Market – Glenn Kelman
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The U.S. housing market is facing one of its most complex transitions in years. Rising cancellations, elevated inventories, and mortgage rates that have fallen—but not as much as buyers hoped—are reshaping the dynamic between buyers and sellers. For many, affordability remains out of reach, while for others, the dream of selling at peak prices is slipping away. Deflationary pressures in the housing market, where real prices are now falling in specific areas, are making homes more affordable for younger buyers, yet at the same time discouraging sellers who had hoped to lock in higher valuations earlier in the year.
Glenn Kelman, the CEO of Redfin, observed firsthand how buyer psychology, interest rate movements, and government policy collide to create volatility. Kelman notes that canceled contracts are at their highest level since 2013, and in regions like the Sunbelt, competition from new construction is putting older homes under even more pressure.
This housing cycle carries both risks and opportunities, depending on which side of the market you stand.
Now, we present the clips from Glenn Kelman’s interview. Before we continue to discuss this, please subscribe to our channel and activate the bell icon for timely updates. Thank you, and enjoy the video.
The housing market is facing a tricky balancing act, caught between rising costs, government involvement, and shifting buyer expectations. Tariffs on critical building materials, combined with shortages of skilled labor, continue to weigh heavily on the construction sector. At the same time, the role of government-backed institutions has stabilized mortgage markets, preventing more profound disruptions but also creating debate about whether further intervention is needed. Builders today are far more selective, focusing on higher-margin properties instead of affordable starter homes, which has left first-time buyers with fewer options.
In many regions, new construction has surged, particularly in areas where local governments streamlined permits and cut red tape, helping supply grow faster. This has brought downward pressure on prices in parts of the South, while more supply-constrained markets in the Midwest and West continue to see relative stability. Buyers have also grown more aggressive, making lower offers and walking away from deals if conditions aren’t ideal. Families, meanwhile, are stuck waiting—locked into low-rate mortgages or delaying moves until borrowing costs improve. With rents beginning to rise again and affordability remaining elusive, the housing market reflects broader economic divides.
This is not to be considered investment advice. You should always speak to a licensed financial adviser before making any investment decision.
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