Redfin CEO Glenn Kelman, hit by insights gained during a recent visit to rapidly-growing Houston, thinks 2014 will be marked by increased willingness among buyers to relocate in search of affordable housing.

The trend “is accelerating because, for the first time in a generation, home prices are increasing faster than wages or credit,” Kelman wrote in a post on LinkedIn. “When home prices first began outstripping incomes in 2000, easy credit made up the shortfall.”

Source: LinkedIn

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Use code JULY4 at checkout & save $50 on your Connect Now Bundle!Get the deal×