Compass and other real estate stocks take a plunge

Compass stock fell 14 percent, Anywhere’s stock was down nearly 12 percent and Elliman’s had fallen almost 14 percent to a mere $1.70 per share. Redfin stock was down roughly 5 percent and Zillow lost 13.5 percent. All as a result of the NAR lawsuit verdict.

My thoughts

Robert Reffkin CEO of Compass, Inc. earlier this year, made a prediction that Compass will have a profitable year. I wonder, if he regrets making that statement now.