Inman Connect
Editor’s Note: A previous version of this story mischaracterized Mike DelPrete’s role as an investor. Although DelPrete doesn’t invest in large, publicly-traded brokerages, such as Compass, Realogy, RE/MAX or Redfin, etc., he’s invested in Side and Zumper. We apologize for any confusion.
Compass continued the industry’s first-quarter-earnings winning streak on Wednesday with $1.1 billion in revenue, thanks to a booming housing market stoked by low mortgage rates, robust buyer demand, and historically low inventory.
Its agents, backed by the company’s support staff and its end-to-end technology platform, increased transaction sides 67 percent year over year for a 1.4 increase in market share from Q1 2020.