(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.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
4.33 USD | +0.70% | +5.10% | +15.16% |
May. 14 | UBS Adjusts Compass Price Target to $4 From $3.50, Maintains Neutral Rating | MT |
May. 14 | Deutsche Bank Adjusts Compass Price Target to $4 From $3.80, Maintains Hold Rating | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,227 GBX | -1.29% | -3.47% | 48.78B | ||
4.33 USD | +0.70% | +5.10% | 2.13B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+15.16% | 2.13B | |
-12.88% | 191B | |
+1.53% | 167B | |
+3.89% | 155B | |
+8.07% | 103B | |
+36.59% | 83.67B | |
+11.45% | 82.06B | |
-6.43% | 71.76B | |
-17.20% | 54.05B | |
-8.68% | 43.53B |
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- Robert Reffkin, CEO of Compass: Real estate prices down, inventories up