Glenn Kelman on Why Housing Feels Hopeless | The David Frum Show

On this episode of The David Frum Show, The Atlantic’s David Frum opens with reflections on the upcoming 80th anniversary of the end of World War II and what Donald Trump’s recent statements about “Victory Day” reveal about how America is forgetting the meaning of peace, cooperation, and democratic leadership.

Then David is joined by Glenn Kelman, the CEO of Redfin, for a candid look at the broken state of the U.S. housing market. Kelman explains why both buyers and sellers are miserable, how pandemic-era mortgage rates have frozen supply, and why the next generation is increasingly stuck, unable to buy, and often unable to move. They discuss zoning reform, immigration, housing deterioration, and why, despite the bleak outlook, Kelman still believes there’s hope for long-term correction—if America can relearn how to build.

0:00 David Frum reflects on the upcoming 80th anniversary of the end of World War II and Donald Trump's statements about "Victory Day"
7:00 David and Redfin CEO Glenn Kelman on the state of the housing market
11:38 David and Kelman go deeper on specific housing markets, in Florida, the Midwest, and the Sunbelt
14:30 David and Kelman on challenges for first-time home buyers
22:00 Kelman on what would make it easier to buy, build housing, and make housing cheaper

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