According to one housing expert, the U.S. real estate market could be headed for a troubling turn. Redfin CEO Glenn Kelman revealed what he believes to be the "real issue" that is paralyzing potential homebuyers during an appearance on "Cavuto: Coast to Coast.""Housing is just in a funk.
Nearly half those listings are contemplating a price cut or have cut their price. So we do expect there to be some relief, but it might not be enough. People are really struggling to get into housing, just because incomes have not kept up with prices." REAL ESTATE MOGUL CAUTIONS ABOUT AVOIDABLE MISTAKE WHEN BUYING A HOME, EXPLAINS HOW TO AVOID 'DROWNING' "Until America builds more housing over the next 5 or 10 years, we might be in a low sales volume market.