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- The housing market is flashing signs of life, Compass CEO Robert Reffkin said.
- Home sales plunged to their lowest since 1995 in 2023, driven down by higher borrowing costs.
- But mortgage rates have dialed back and sales activity looks poised to pick up, Reffkin said.
The housing market is flashing a handful of bullish signals for the year ahead, according to Compass CEO Robert Reffkin.
The founder of one of the nation's top real estate brokerages said he believed the housing market will be on the path to recovery in 2024.