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2 mins read
Compass CEO Robert Reffkin's memo on how to dump poor performers was good, but here's how it could have been better
Reffkin motivated managers by reminding them of the impact of their work. But he omitted details ab…
Shana Lebowitz
3 mins read
6 important things everyone should know about Robert Reffkin, who left a successful career at Goldman Sachs to take a chance on real estate - and is now poised to become America's youngest Black billionaire
At 15, Robert Reffkin founded his first company, a DJ business called Rude Boy Productions, with ba…
Natasha Dailey
2 mins read
Online real estate brokerage Compass surges as much as 22% in public debut
Compass jumped as much as 22% in its public debut on Thursday after a downsized IPO raised $450 mil…
Will Daniel
3 mins read
From more inventory to lower prices, here are 3 signs the housing market may be getting better for buyers
More than a third of homes on the market have seen a price drop in May, the highest proportion reco…
Jennifer Sor
1 min read
A booming stock market means homebuyers will be more tolerant of high mortgage rates, Compass CEO says
Interest rates on home loans may be ticking up, but "you don't need 6% mortgage rates when the stoc…
Aruni Soni
3 mins read
There are 3 bullish signals flashing that point to a recovery in the housing market, Compass CEO says
Inventory looks to be growing and mortgage rates have tumbled from their 2023 peak, creating an ope…
Jennifer Sor
2 mins read
Homebuyers react more to changes in mortgage rates than actual rates, Compass CEO says
"A key question is will the Fed lower rates in the March meeting before the spring market, or in th…
Aruni Soni
11 mins read
Realtors are fighting over hidden listings. Their battle could make it harder to find a home.
Real estate's power players are engaged in a bitter standoff over who exactly gets to see the milli…
James Rodriguez
1 min read
Home prices aren't falling as buyers accept the new normal of 7% mortgage rates, Compass CEO says
"We're in an environment where 7% mortgage rates are now the new normal, and people are accepting i…
Jennifer Sor
1 min read
A flood of housing inventory will hit the market once mortgage rates hit this key level, Compass CEO says
Inventory has been tight recently, as 70% of homeowners are locked into mortgage rates below 4%, le…
Jennifer Sor
2 mins read
US stocks hit record highs for the 2nd day in a row as bond yields ease
Investors are turning their attention to fourth-quarter earnings results and the release of US GDP …
Matthew Fox
2 mins read
America's housing market is so tight that even Wall Street giants can't find homes to buy
US housing inventory plunged to a new all-time-low this summer, according to Redfin data.
Jennifer Sor
2 mins read
US home prices are nearing new record highs as inventory drops to all-time low
The median sale price in June was $426,056, just 1.5% below the all-time-high as inventory fell to …
Jennifer Sor
3 mins read
Compass employees question the real-estate brokerage's cost cutting, saying it threatens the startup's tech ambitions
Compass, which lost roughly $6 billion since its 2021 IPO, is racing to cut costs. Plus, there's an…
Kaja Whitehouse
3 mins read
US lawmakers want answers on FTX's collapse. Sam Bankman-Fried may not have them.
The collapse of FTX is now being examined by Congress. Here's what to expect when Sam Bankman-Fried…
Dan DeFrancesco
3 mins read
'Selling Sunset' broker Jason Oppenheim says 'Compass basically destroyed the brokerage model for the entire industry'
Oppenheim called the amount Compass brokers get to keep from commissions "unsustainable," but Compa…
Dan Latu
3 mins read
Tesla ≠ Apple. Elon Musk ≠ Steve Jobs. Cars ≠ iPhones.
Many people are quick to compare Tesla to Apple and Musk to Jobs. But the similarities wane when yo…
Diamond Naga Siu
4 mins read
JPMorgan says these 10 books can help 'light a path forward' after the pandemic
The bank's 21st annual summer reading list spans topics like climate change, self-improvement, hist…
Aleeya Mayo
2 mins read
Insider finance: BofA poaches volatility traders
The top finance stories for May 6, including the latest news on Bank of America nabbing volatility …
Dan DeFrancesco,Jordan Parker…
2 mins read
SoftBank-backed real estate brokerage Compass just slashed 15% of staff as coronavirus hits the housing market
Coronavirus has hit the economy hard, with multiple financial institutions predicting it will cause…