COMPASS INC REPORTS A 14 PERCENT DECLINE IN Q3 REVENUE

Compass, Inc. CEO Robert Reffkin, who reported the company’s third-quarter earnings this week, said the real estate industry was “artificially bad,” with sales down 14 percent last year, without commenting on the industrial real estate.

“It’s been a real year for real estate,” Lefkin said on an earnings call scheduled for Thursday evening. “It was one of the most difficult years in the last 10 years.”