Redfin reports a "significant" slip in home sale activity, but it's not the economy, says CEO...

|By:, SA News Editor

Redfin reports a "significant" slip in home sale activity, but it's not the economy, says CEO Glenn Kelman. "The problem is there's nothing to buy." His comments jibe with other reports suggesting high inventory numbers are misleading as much of that stock is in areas that only got built because of the bubble. In decent locations, the balance actually favors the sellers.