NYSE:COMPReal Estate
A Fresh Look at Compass (COMP) Valuation After Powell’s Rate Cut Signal and Record-Breaking Q2 Results
Compass (NYSE:COMP) is catching the attention of investors after shares surged more than 8% as Federal Reserve Chair Jerome Powell indicated interest rate cuts could be coming soon. It is an important signal for the real estate sector, as lower rates tend to drive down mortgage costs, often reviving housing demand and providing a lift to real estate-focused businesses. On top of that, Compass reported its best-ever second quarter, expanding market share even while much of the industry...