Real Estate

Redfin CEO says the booming Covid housing market can get even hotter

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The hot housing market during the coronavirus pandemic could heat up further if more homes are put up for sale, the CEO of real estate brokerage Redfin told CNBC on Monday.

“If we see people get more comfortable letting others into their home, we’re going to see more inventory on the market, and that’s what will drive sales volume,” Glenn Kelman said on “Closing Bell.” “Today, we are definitely inventory-constrained. There aren’t enough homes for people to buy.”

Home sales have been a point of economic strength despite the significant damage caused by the pandemic, driven in part by the increased geographic flexibility of remote work.

Redfin’s total revenue for the first nine months of…



Source cnbc.com

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