Quotes: Housing Expert on the State of the U.S. Real Estate Market

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“It’s an absolute standoff. Buyers know that time is on their side and sellers are hard up against their mortgage; they just can’t lower their price any more, so it’s hard to put deals together,”

– GLENN KERMAN, Chief Executive of Redfin, on the prospects for the U.S. housing market (Via the Los Angeles Times)

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