State of Residential Real Estate

Glenn Kelman discusses the current state of the residential real estate market in the United States, highlighting the unique standoff between buyers and sellers. Despite initial pessimism, there is now hope as interest rates lower and more people express intentions to list their homes in the coming months. The standoff, fueled by strong employment and wages, has created a standstill in the market, but there are signs of potential sales volume increase in the first quarter.