Why Compass and Rocket say their partnership is the remedy for high home prices
Real estate brokerage Compass (COMP) and mortgage titan Rocket (RKT) are betting they have the solution to the housing market's crisis. "You have to attack the [home affordability] problem from multiple angles," Rocket CEO Varun Krishna told Yahoo Finance's Opening Bid. "Sellers represent inventory, and we have to unlock more inventory." That's the aim of the three-year partnership with Compass, which seeks to neutralize the pain points of inventory scarcity and high transaction costs. The deal works ...