HousingWire met up with Redfin’s chief economist, Nela Richardson, and discussed a host of critical housing and mortgage finance issues.
In a series of short video responses to HousingWire questions, Richardson was blunt and candid, sharing strong positions on GSE reform, housing policy, what’s holding back first-time buyers, and what keeps her up at night about housing.
She believes that no entity can serve two masters, which is why as a former Freddie Mac economist, she calls for the nationalization of Fannie Mae and Freddie Mac, so that they serve the industry in the model of Ginnie Mae.
Richardson says that there's a fundamental disconnect that has to be addressed to get first-time buyers off the fence.
As for attracting younger professionals to housing and mortgage finance, she relies on a model she's seeing work now.