EasyKnock’s Jarred Kessler on what’s ahead for the real estate market
Today’s Daily Download episode features an interview with Jarred Kessler, Co-Founder and CEO of real estate tech company EasyKnock. In this episode, Kessler speaks with HousingWire about the U.S. real estate market and weighs in on whether or not it’s likely to experience another dip.
“The housing market was acting particularly healthy between the months of March to June, and you’re starting to see less support or backstop from the government,” Kessler said. “I think you’re going to see a major shift from inventory being scarce to people starting to panic and the housing market starting to really soften up, especially in urban areas where people are leaving to get more space and lower tax areas.”
“I think [homebuyer demand] can continue to go up in the short term, but I just don’t think it’s sustainable,” Kessler said. “There’s too much damage in the economy in the underbelly right now, to where I believe it will eventually trickle into the real estate market.”
The Daily Download examines the most compelling articles reported by the HousingWire newsroom team. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham
HousingWire articles covered in this episode:
- EasyKnock snares an additional $5 million in Series B funding round
- Can the housing market withstand the coronavirus?
- Sales of new houses jump to a 13-year high
- Sales of higher-priced properties drive California median home price to new high in July
- New home construction shoots up 22.6% in July
- COVID-19 changed women’s attraction to homeownership
- Are cities really seeing an exodus? Zillow says urban areas have more in common with suburbs than you think