"I am excited to share our August 2023 Compass Insights with all of you. Rising mortgage rates and historically low inventory have been driving the market over the last number of weeks. The insights report below helps to share some context around these trends and the impact it is having on not just the real estate market, but the broader economic environment. With the Fed's upcoming meeting in Jackson Hole and additional inflation reports coming in the next few weeks we should hopefully get some more clarity into the future trajectory of interest rates and when we can expect mortgage rates to moderate." Rory Golod, President of Growth & Communications
