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Redfin CEO Thinks the Market is Slowing Down

Redfin CEO Thinks the Market is Slowing Down

In his latest proclamation, Redfin CEO has stated that he thinks the market is in for a major slowdown, especially in expensive markets like Seattle and San Francisco. He blames not only the low supply of homes for sale, but also the general frustration from potential buyers at the artificially high prices and rat-race for bidding on available homes.

This video from Redfin helps to explain his thought process and reasoning:

 

 

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