Compass CEO Explains Why 42% Of Homes Are Cutting Prices

Byron Lazine covered Compass CEO Robert Reffkin’s CNBC interview on rising home-price reductions and the state of the housing market, along with Logan Mohtashami’s HousingWire Market Tracker showing housing demand…

On today’s episode of Hot Sheet, Byron Lazine covered Compass CEO Robert Reffkin’s CNBC interview on rising home-price reductions and the state of the housing market, along with Logan Mohtashami’s HousingWire Market Tracker showing housing demand under pressure as mortgage rates climbed above 7%. He also broke down Realtor.com’s report on hotter-than-expected August inflation, which pushed the odds of a September Federal Reserve rate hike above 90% as consumer and producer prices accelerated amid higher energy costs.

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