(MT Newswires) -- Robert Reffkin, CEO and founder of Compass (COMP), explains that U.S. real estate prices must fall to stimulate the market. New home sales in the U.S. fell in October as high mortgage rates weighed on demand. However, he believes that they have peaked, and that rising inventories could bend prices in the months ahead.
Robert Reffkin, CEO of Compass: Real estate prices down, inventories up
![Robert Reffkin, CEO of Compass: Real estate prices down, inventories up](https://cdn.zonebourse.com/static/resize/464/261/https://www.zonebourse.com/images/ImagesTagged/zbimg_2979161_800.png)
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