Realtor complex has beat ’em or join ’em moment

Re/Max Holdings

11/10/2022 17:11

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Lauren Silva Laughlin
       NEW YORK, Oct 11 (Reuters Breakingviews) - There are 1.5
million U.S. realtors, but only half that many dwellings on the
market. Amid rising rates and falling values, that bodes poorly
for the industry. Companies like Redfin, Compass, Re/Max and
Zillow are at an inflection point: The town isn’t big enough for
all of them.
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    CONTEXT NEWS
    Private equity firms including Vista Equity Partners are
exploring a deal to buy realtor firm Compass, Insider reported
on Oct. 5.
    A Compass representative said in the story that no private
equity firm had contacted the company to express interest and
that there had been no talks with a firm about a deal.
 (Editing by Jonathan Guilford and Sharon Lam)
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