Real Estate Market – “The Fat Man That Can’t get Up”


“The real estate market is like a fat man that can’t get up,” Kelman begins. “The U.S. government has modified loans, extended tax credits, lowered interest rates; we’ve fired a lot of our guns, and at this point the market is just going to have a long slow period of decline.”

“The day after the tax credit ended, traffic to our web site dropped like a rock,” says Kelman. “People stopped signing up for tours, people stopped writing offers.”

Redfin CEO Glenn Kelman on Realty Check

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