Redfin: U.S. Housing Inventory at Record Low, Getting Worse

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May.06 — Redfin Corp. CEO Glenn Kelman says the U.S. housing market continues to worsen as inventory had the biggest drop in history and is now at the lowest level. He also talks about the shift in homebuyers’ behavior throughout the Covid-19 pandemic. Responding to the sharp stock decline after Redfin reported their first-quarter results, Kelman says he “can’t be worried” that shares went down for one day and believes the company is at the most competitive position ever. Kelman speaks to Emily Chang on “Bloomberg Technology.”
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