6 Reasons Q4 '22 Was the Bottom

"For the first time in 10 months, all the statistics I look at are trending positively." - Compass CEO Robert Reffkin, CNBC Watch CNBC Clip Here 6 Reasons why Compass CEO, Robert Reffkin, believes Q4 of 2022 was the bottom of the recent real estate market cycle 1. 25% increase in weekly mortgage applications. 2. Mortgage rates continue to move down to a 4-month low. 3. Increase in buyer interest, open house traffic, and offers. 4. In the last quarter of 2022, 42% of sellers were giving concessions to buyers at the closing table, a 10-year high. 5. Home builder sentiment improved for the first time in 1 year. 6. Pending closings were down 30+% at points in the fall but over the last few weeks, we have seen pending listings in most of our markets nearly flat year over year.

2022 Year in Numbers What an incredible year it has been! I made it into the top 3% of SF agents based on volume. I couldn't have done it without the support of my family, friends, and clients who continue to entrust me with their real estate needs. THANK YOU! My 2022 Transactions

Are you, or someone you know, ready to move? Let me know - I can help! Cheers, Maggie

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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