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  • Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
    Real Estate News

    Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry

    January 9, 2023 /

    The actual-estate sector is in disaster amid the housing downturn. Be expecting additional agony to come prior to factors commence to normalize, one housing chief claims. But he added a caveat: “I do believe it’ll be very good for the market.” Through the pandemic a long time of 2020 and 2021, quite a few Americans jumped into the actual-estate field, Kelman recounted, so a lot of that “we experienced much more actual-estate brokers than listings by 2021.” At this level, there are about million-and-a-fifty percent realtors striving to market around about five million households, meaning that they’re only doing five or six offers a year, which “isn’t a effective, fulfilling…

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    Jerry Schmidt Comments Off on Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry

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