Guides & Tips

[VIP] 3Q22, Compass: Unique Value Proposition? – NotoriousROB

This will be, I think, relatively brief. Compass reported its Q3/2022 numbers and… well, it’s not good. That was expected since every real estate company had a bad quarter thanks to macro conditions. But it’s the future course of Compass that should concern us.

To make a long story short, it seems to me that Compass is jettisoning everything that gave Compass a unique value proposition among brokerages. It may be that Compass was one of those boats that rose on a rising tide of cheap money. Now that the tide is going out, Compass might be the poster child for a real estate company that was swimming naked.

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