Investors, including iBuyers, that entered the housing market in 2020 and 2021 are at least partly to blame for the dramatic price correction playing out in 2022, Kelman said in a new interview
Musk is already shaking things up just days after buying Twitter. That could have big implications for some of real estate's most pressing debates
Opinion
Heads will roll and company valuations will sink so low that new outsiders will opportunistically make big acquisitions, Brad Inman writes. Real estate's Masters of the Universe are on notice
'Their business will benefit their customers, colleagues and communities, not just themselves and their other shareholders,' said Redfin CEO Glenn Kelman
Kelman and other real estate 'tycoons' star in a 'Shark Tank'-inspired competition called 'Buy My House.' The show debuts Friday on Netflix
During his latest appearance on CNBC, Redfin CEO Glenn Kelman shared how buyers and sellers are locked in a battle of the wills as the market slowly shifts in buyers' favor
The Redfin CEO joins Corcoran CEO Pamela Liebman and other industry professionals in a 'Shark Tank'-like real estate show called 'Buy My House' to debut in September on Netflix
In addition to his performance, the Redfin CEO said on the Inman Connect stage that the market correction is more significant than is widely appreciated, especially in hot western metro areas
Despite a quickly slowing market in the second quarter, many of the dozen or more real estate companies that posted earnings last week managed to turn a profit and stave off ruin
Redfin CEO Glenn Kelman also said the flow of institutions into real estate has made housing more like the stock market, and that brokerages have to 'race to the top' or 'race to the bottom'
Major companies share how much money they made as the real estate market veered south earlier this year and as Inman Connect unfolds, bringing these leaders together in Las Vegas
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
The ranks of the real estate industry have swelled over the past decade, but some experts who spoke to Inman believe a trend in the opposite direction may be picking up speed
Redfin follows Compass as second major industry player to lay off hundreds of employees. The move is expected to impact over 500 Redfin employees in agent and support roles
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn