I can 'DEFINITIVELY' say the housing market is turning the corner, Compass Holdings CEO says

• June new home sales exceeded expectations, rising 1.6% month-over-month to 628K, breaking a two-month slump.
• Median new home prices are down 2.7% year-over-year to $398.3K, making homes more affordable and attracting buyers.
• San Francisco's housing market is currently the 'hottest,' fueled by anticipated IPOs from companies like SpaceX, OpenAI, and Anthropic.
• Miami's market is robust due to its pro-business environment and favorable taxes, attracting residents from high-tax states.
• New York City home prices are increasing, despite new taxes on second homes, driven by strong demand and job opportunities.

Compass International Holdings CEO Robert Reffkin asserts that the housing market bottomed last year and is now turning a corner, driven by increased affordability and strong regional demand. While mortgage rates remain a concern, he anticipates continued growth, especially in tech-heavy areas like San Francisco and pro-business states like Florida.