Robert Reffkin, CEO of Compass: Real estate prices down, inventories up
November 27, 2023 at 07:35 pm
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(MT Newswires) -- Robert Reffkin, CEO and founder of Compass (COMP), explains that U.S. real estate prices must fall to stimulate the market. New home sales in the U.S. fell in October as high mortgage rates weighed on demand. However, he believes that they have peaked, and that rising inventories could bend prices in the months ahead.
Compass, Inc. provides an end-to-end platform that empowers its residential real estate agents to deliver service to seller and buyer clients. Its platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services and other critical functionalities, all custom-built for the real estate industry. Its platform also uses proprietary data, analytics, artificial intelligence, and machine learning to simplify workflows of agents and deliver recommendations and outcomes for both agents and their clients. It also provides integrated services, such as title and escrow and mortgage, both of which are available on its platform. Its Glide tools, which include completion of various real estate forms and offer preparation and eSignature and collaboration capabilities, are offered to non-Compass agents and their clients. Its platform also enables agents to locate desirable properties at attractive prices for buyers.