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Redfin CEO explains why the housing market is taking a beating

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Glenn Kelman, Redfin CEO, joins 'Squawk on the Street' to discuss how big of an impact the higher mortgage rates are having on the housing industry, whether the Federal Reserve's rate hike path is having the intended effect on home prices, rents, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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