Compass CEO Warns Housing Market Is Splitting Apart as 42% of Homes See Price Cuts, Highest in Nearly a Decade: 'There's Not One Market'
Compass CEO Robert Reffkin says price cuts hit a decade high as mortgage rates near 7%.
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Why It Matters
Many homes are getting price cuts because houses are getting harder to sell when interest rates are high. When prices drop a lot, it shows some sellers need to adjust their prices to find buyers.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.