Newsfeed: Redfin Fires 13% Of Staff, Exits House Flipping As Downturn Accelerates

Newsfeed: Redfin Fires 13% Of Staff, Exits House Flipping As Downturn Accelerates

House prices are sliding, and sales are plunging as the Federal Reserve hits the pause button on quantitative easing this year with the most aggressive interest rate hikes in four decades to cool the red-hot housing market spurred by low interest rates and tight inventories during the pandemic.