The stories and trends that defined a whirlwind first half of 2023

Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past six months and could well define the remainder of 2023. Continue reading

Compass CEO: Pandemic craze will return once mortgage rates hit 5%

Compass CEO Robert Reffkin revealed on CNBC how volatile mortgage rates are sidelining homesellers and why a boost in existing-home inventory could happen as early as December. Continue reading

The inventory recovery suffered a setback. Is it just temporary?

The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled. Continue reading

Robert Reffkin: Sub-4% mortgages are ‘handcuffs’ for home inventory

In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3 percent mortgage rate “as a financial asset” — at least for now. Continue reading

Zillow, Anywhere and Compass vanish from annual Fortune 500 list

The real estate giants’ omission from Fortune’s annual list of the biggest companies illustrates just how far industry players have fallen as a result of a housing contraction that began in 2022. Continue reading

Robert Reffkin’s mom, Ruth, has joined Compass’ Garson Team

The senior Reffkin’s move to the social media-forward team will create a cross-generational collaboration that capitalizes on combining varied skill sets to best help clients, Inman exclusively learned. Continue reading

Compass CEO Robert Reffkin: FOMO is fueling ‘pent-up’ demand

Reffkin said Tuesday, during a Needham Technology & Media Conference session, that housing is in a “sideways” market — but after last year, homebuyers are now afraid prices will go even higher. Continue reading

Real estate stocks are suddenly and finally on fire

Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector. Continue reading

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading