Sundry Photography/Shutterstock
- The housing market can't get much worse from here, according to Redfin CEO Glenn Kelman.
- High mortgage rates and high prices have crushed affordability for buyers.
- The market is in a freeze and the sales slowdown that will last for a "long time," Kelman warned.
The only good thing right now about the US housing market is that it can't get much worse from here, according to Redfin CEO Glenn Kelman.
The head of the real estate listing site pointed to tough market conditions over the past year, with affordability plunging to an all-time-low, according to Goldman Sachs' housing affordability gauge.