Compass Retreat 2023 – San Diego
I had a great week getting to know so many fantastic agents from across the nation and it was an honor to share the stage with Felipe Hernandez, Chris Cortazzo, and Brian Milton for “The Secret to My Success” session.
The Compass RETREAT expanded my agent network across the nation and prepped us all for the 2024 market!
I wanted to share some statistics about Compass that were shared by our CEO, Robert Reffkin, during the opening reception:
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For the 2nd year in a row, Compass is the #1 Real Estate Brokerage in the United States by sales volume.
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Compass agents sell nearly 2.5 more than the average agent in the industry.
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Compass has funded more than $1B in Compass Concierge projects for sellers, where Compass arranges for the cost of home improvement services like staging.
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Compass has invested over $1.5B in the Compass technology platform, the only proprietary end-to-end platform for real estate agents that allows them to better serve their buyers and sellers.
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Within 10 years of launching our first sale on Compass.com, Compass will have sold over 1 trillion dollars in sales volume.
As Thanksgiving approaches, let us take a moment to express gratitude to our loved ones and supporters. We hope your Thanksgiving preparations are filled with joy, warmth, and delicacies.
The new year will be here before we know it, so please do not hesitate to reach out if you have any questions or to discuss your plans.
See you soon,
Joujou
As Thanksgiving fades into the night, let the gift planning begin.
Black Friday Sales You Can Shop Now from Forbes
A list of 42 early deals, from Apple products to Lululemon and Target.
Cyber Monday Sales from NY Times – Wirecutter
When the day arrives, Wirecutter will scan through thousands of Cyber Monday sales to bring you only the best deals thanks to expert-vetted picks.
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A recent study looking at sleep and longevity found that sleep “regularity”—going to bed and waking up at consistent times with few mid-slumber interruptions—matters more than how long you sleep. Sleeping six hours every night on a consistent schedule was associated with a lower risk of early death than sleeping eight hours with very irregular habits. (WSJ)
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In just a few weeks the oil price has dropped around 20%. That could help tame inflation.
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US construction investment has soared in the past 4 years 27.24% to a total of $15,74 TRILLION compared to the prior 4 years starting in the 4th quarter of 2015. US GDP grew by 12.8% between 2015 ($18,2 Trillion) to $20,533 trillion by the end of 2018, and growth almost doubled between 2019 and 2023 where GDP grew from $21,38 trillion in 2019 to $26,24 trillion in 2023. (WSJ)
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Texas approved 263,054 housing building permits in 2022, the most in the US, and the only large state to hit a new high for construction in 2022. California’s peak of 207,390 permits came in 2004 almost a decade ago.
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The Fed will cut interest rates by 275 basis points next year, nearly 4X more than what markets are pricing, strategists at UBS Investment Bank predict. Morgan Stanley economists forecast the Fed to make deep interest-rate cuts over the next 2 years as inflation cools, while Goldman Sachs Group Inc. analysts expect fewer reductions and a later start. (Bloomberg)
