Newsbreak 4 months ago in Around The World, Fed, fed inflation, Glenn Kelman, Housing, Housing Market, Inflation, Interest Rates, Layoffs, Markets, MI Exclusive, Real Estate, Redfin, Stocks, us housing market 0 Category: Glenn Kelman
US home sales will keep falling through 2023, Redfin says: ‘Housing companies are in the jungle now’
Newsbreak 4 months ago in Around The World, Fed, fed inflation, Glenn Kelman, Housing, Housing Market, Inflation, Interest Rates, Layoffs, Markets, MI Exclusive, Real Estate, Redfin, Stocks, us housing market 0 Redfin expects home sales to fall through 2023. Sundry Photography/Shutterstock Redfin stated it expects home sales to keep falling through 2023, because it laid off 13% of its workforce. US housing companies are “in the jungle” now, its CEO stated, as purchaser demand falters. Rising mortgage charges and excessive inflation are key pressures flattening the variety of home sales. Redfin expects home sales to keep…