Compass CEO: There's more housing inventory now than anytime in the last 6 years

Inventory & Market Trends - Nationwide inventory has returned to pre-pandemic levels, reaching a 6-year high [1] - New developments are more desirable due to their move-in ready and turnkey nature [2] - The Northeast market is performing better due to lower supply compared to the rest of the country [2] - Florida has experienced a significant shift, with 8% fewer transactions compared to the previous year [2] - Nine states have experienced year-over-year price decreases [3] Rental Market - Overall, the rental market is in a better position [3] - Rental prices in New York have increased by 7% year-over-year due to the fair act, which shifted rental commissions from renters to landlords [3][4]