Facing Fear in the Housing Market
Glenn Kelman is the CEO of the real estate company Redfin. His problem: With the housing market teetering, how do you sell houses online? Redfin has a website where you can look at houses for sale, just like Zillow. But Redfin also employs real estate agents all over the country to help people buy and sell houses. Recently, Redfin has started to buy houses and flip them for a profit and that new business is risky. "I'm worried about the economy," Glenn says. "I'm worried about the war in Ukraine, worried about the stock market, worried about consumer confidence and mortgage interest rates. So lions and tigers and bears, it might be a scary summer." If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to subscribe to our email list.See omnystudio.com/listener for privacy information.