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| Name | Real estate: Home affordability is the big issue for homeowners and buyers, Redfin CEO says |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 12-03-2024 18:09:55 |
| Video Discription | While February's CPI report showed shelter inflation rose 0.4% month over month, a glimmer of hope emerged as housing supply increased for the first time in eight months, according to Redfin data. Redfin CEO Glenn Kelman joins Yahoo Finance Live to shed light on the housing market's uncertainties. Kelman identified supply as the "primary problem," but notes "a tiny break in the inventory log jam." He predicts about a 20% uptick in individuals listing their properties –– "good news" that could positively impact housing affordability and demand. Kelman emphasizes that a decline in interest rates would be a game-changer for housing affordability. With many homeowners locked into mortgage rates, he explains that inventory will "unlock" as rates fall. He adds that it is also "just a matter of time" before individuals who delayed moving due to life changes return their homes to the market. Government assistance for homebuilders and homebuyers has also been a boon for the housing market, Kelman says. He offers California as an example: the state legislature did away with requirements like environmental reviews and allowed the sale of accessory dwelling units. #yahoofinance #realestate #stockmarket About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance wvjD02ZW52Q |
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