Redfin’s CEO Predicts Exodus from Expensive, Large cities
Redfin CEO Glenn Kelman says to expect something close to an exodus from expensive, large cities as the pre-pandemic trend has greatly accelerated. He said searches and the long-term trends are both pointing to areas outside of big cities. Kelman was a guest on CNBC’s Power Lunch to discuss the state of the housing market and where he sees it heading as the coronavirus pandemic continues. He also talked about the vacation home market, in which he says investors selling their properties in great numbers.
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