It’s a very strong seller’s market right now, Redfin CEO Glenn Kelman said during a CNBC interview.

“We have places selling in 45 minutes in places like Omaha and Atlanta,” he says. “This ain’t New York City we’re talking about, it’s the whole country that has been on fire the past few months.”

However, as prices continue to rise, eventually they’ll get to a point where people aren’t willing to pay. Builders in Miami for example are offering incentives and different types of payment options to capitalize on the market--something that wasn't really happening a year ago, according to the interview.

Meanwhile, mortgage rates are going higher, leading to a gold-rush mentality. “I think everybody is trying to beat the rate increase so we’ve got buyers flooding into the market,” Kelman says. 

Check out the video:

Read more >