Compass CEO sparks controversial change rattling U.S. housing market
By Celine Provini
Published on April 28, 2026.
Robert Reffkin, CEO of Compass, has led a controversial change in the U.S. housing market, making it less transparent. The company's $1.6 billion acquisition of Anywhere Real Estate, parent of Century 21, Coldwell Banker, Sotheby’s International Realty, and Corcoran, has resulted in a shift in the public view of homebuying. The public part of the public is being gradually removed, with no sales history, days-on-market counter, or price-drop log. Reffkins argues that these changes are a "killer of value" as buyers view the public record as an invitation to negotiate. Critics argue that the combination of pre-market and listings gives a clear financial level of clear market share.
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