Redfin CEO says the booming Covid housing market can get even hotter

"If we see people get more comfortable letting others into their home, we're going to see more inventory on the market, and that's what will drive sales volume," Glenn Kelman said on"Today, we are definitely inventory-constrained. There aren't enough homes for people to buy."

Home sales have been a point of economic strength despite the significant damage caused by the pandemic, driven in part by theRedfin's total revenue for the first nine months of 2020 is up 17.4% compared with the same period last year. Since its March low, Redfin's stock is up more than 400%. Additionally, the"Every week I think it can't get crazier, it gets crazier," Kelman said of the housing market. Still, he acknowledged the heat cannot be sustained infinitely.

"We know, though, this is a cyclical business. There's going to be a bust if there's a boom," Kelman added. "It's just a matter of when. We don't think it will happen soon."

pump up that irrational exuberance overinflated housing bubble.

good

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United Airlines CEO calls on companies to mandate COVID-19 vaccinationA United spokeswoman confirmed that the company was 'strongly considering' making vaccines compulsory, though it isn't a policy yet. 'I think the right thing to do is for United Airlines, and for other companies, to require the vaccines and to make them mandatory,' Kirby said. 'If others go along and are willing to start to mandate vaccines, you should probably expect United to be amongst the first wave of companies that do it.' que anti-vaxers. freedom isnt resisting science but freedom is taking steps to return to normalcy. Ahhh yes AMAZING idea!! let’s let CEOs tell us what do do with our bodies!!! What could possibly go wrong?
Fonte: YahooNews - 🏆 380. / 59 Leggi di più »