Compass Just Ate the Real Estate World. Now What?

Well, it finally happened. Compass, the brokerage that has been burning through venture capital like it’s kindling for the last decade, just acquired Anywhere Real Estate. If you don’t know who Anywhere is, you definitely know their kids: Corcoran, Sotheby’s, Coldwell Banker, and Century 21.

Last Friday, Compass dropped $1.6 billion of stock to buy them. This makes Compass the largest brokerage firm in the world. They now represent over 40 percent of the residential sales market in New York and San Francisco. If you thought they were everywhere before, wait. You literally can’t escape them now...READ MORE