Redfin CEO Glenn Kelman on LA fires: Rebuilding these homes will take a long time
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Redfin CEO Glenn Kelman discussed the impact of California wildfires on real estate, highlighting the long rebuilding process for affected homes. He also addressed allegations of landlords price-gouging on rents.
January 13, 2025 | 7:30 pm
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Redfin CEO Glenn Kelman highlighted the challenges posed by California wildfires on the real estate market, including a prolonged rebuilding process and potential rent price-gouging.
The discussion by Redfin's CEO on CNBC about the impact of wildfires on real estate is relevant to Redfin as it operates in the real estate market. However, the news does not directly affect Redfin's financials or operations in the short term, leading to a neutral impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80