Robert Reffkin, CEO and founder of Compass, discusses caffeination strategies, how Compass became #1, learnings about building tech, 3 things agents care about most, what makes smart people stupid, sending messages back in time, and culture as a competitive advantage.

Robert Reffkin, the Founder and CEO of real estate tech company Compass, shares his inspiring journey from a humble background to entrepreneurial success. He reflects on pivotal career moments, resilience during the financial crisis, and the drive behind Compass's investment in technology. The discussion highlights the intricacies of real estate commissions, market trends, and the importance of fostering a supportive company culture among agents. Reffkin also envisions a tech-driven future in real estate by 2032, emphasizing client relationships and innovative tools.

In this episode, Byron Lazine discusses Lance Lambert's House Price Tracker, Compass CEO Robert Reffkin's outlook on the 2024 housing market, and mortgage loans in forbearance. They analyze housing market performance across US cities, discuss the state of the housing market including sales, inventory, and demand, provide insights on current housing market and buyer activity, and talk about the effect of forbearance on the housing market.