Compass Consolidation

The biggest RE merger in recent history

September 26, 2025

#106

WELCOME

Nothing says “spooky season” like a haunted colonial farmhouse hitting the auction block on Halloween. Yes, The Conjuring House—the one with the malevolent spirits and a movie franchise to its name—is going up for public sale on October 31st. Whether the new owner turns it into a horror-themed attraction or just a very atmospheric guest house remains to be seen. Either way, it’s the only open house in America guaranteed to generate cold leads.

SHARPEN YOUR SKILLS: Today’s Top Podcast Rec 🔊

For landlords, managing the administrative side of rental properties can be the most tedious and time-consuming part of the job. That’s what makes TurboTenant—and Seamus Nally, the brilliant CEO running it—so valuable. In this episode of Glennda’s Guru, Seamus shares how he’s smoothing the landlord journey, helping everyday small-time landlords run their properties like big investors, and what TurboTenant is doing to disrupt the rental market. If you own rentals or you’re thinking about investing in a second property, it’s a can’t-miss conversation.

TRACK THE MARKET: Consolidation is Coming

A massive shift is coming to residential real estate. Compass is acquiring Anywhere Real Estate in an all-stock deal that will bring iconic brokerages like Coldwell Banker, Century 21, Sotheby’s International Realty, and others under one corporate roof. While Compass plans to preserve brand independence, this consolidation could change how agents interact across brands, use tech tools, and compete for market share.

The merger details:

  • The acquisition is an all-stock deal valued at approximately $1.5B, making this one of the most significant brokerage mergers in recent history. 

  • The combined company will represent over 340,000 agents worldwide and hold about 18% of US market share.

  • The deal adds over $1B in projected revenue from Anywhere’s title, escrow, and relocation businesses.

DIVE IN

The Friday Five

📖 Mid-Cent Miami. The best vintage finds in The Magic City.

👀 Cash is king. Think Dave Ramsey paid cash for his massive $15M Tennessee estate?

👀  Salad spinner. See inside one of LA’s priciest—and most unique—rentals: Justin Bieber’s all-glass oasis.

💡 99 problems. Why NYC builders are capping projects at just 99 units. 

💡 Lucky break for landlords. How TurboTenant helps landlords streamline applications, revenue, and rentals.

Market reports that are designed and proven to win more listings are one click away at altosresearch.com. Altos provides you with deep insights on any ZIP code, city, state, or metro to close more deals. Built for agents looking to use data to dominate the market.

WHAT’S NEW FROM ESTATE MEDIA

Predicting buyer behavior with AI

Chris Heller, the former CEO of Keller Williams, has a view of the real estate market that’s uniquely shaped by his experience leading one of the largest real estate franchises in the world. That, paired with his expertise in AI-powered efficiency tools, makes him one of the sharpest voices in real estate mortgage technology. 

If you’re interested in how AI is changing the way mortgage companies, home search portals, and consumer-facing real estate brands process data and connect home buyers with listings, tap to watch this special interview with David Parnes and Chris.

FEATURED LUXURY LISTING

The Gatsby Estate

This reimagined Spanish Colonial Revival estate blends historic architecture with luxurious modern living. Set on a coveted street in LA’s Eagle Rock neighborhood, the nearly 9,000 sq. ft. property features a La Cornue chef’s kitchen, herringbone-tiled pool and spa, a private sports court, and an authentic Prohibition-era speakeasy hidden within the home. Designed by Paul R. Williams, the estate offers rare craftsmanship, lush grounds, and a lifestyle that’s as elegant as it is unforgettable.

https://estate-elegance.beehiiv.com/p/the-gatsby-estate

TIPS & TAKEAWAYS

Quote of the Week

“You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.” — Warren Buffett

HANGS & HAPPENINGS

CREtech New York | New York City, NY | October 21 - 22
Over two action-packed days, you’ll connect with top C-suite executives, industry leaders, and dealmakers from the world’s largest real estate firms, all shaping the future of the built environment. As the Flagship Event of NYC Real Estate Tech Week, this is your opportunity to make meaningful connections and walk away with tangible business outcomes.

NAR NXT 2025 | Houston, TX | November 14 - 16
Gain laser-focused business intelligence and insights on AI, interest rates and inventory. Access strategic insights, tactical tools, and innovative solutions to highlight your mission-critical role for today’s ever-changing market.

Inman Connect | New York City, NY | February 3 - 5, 2026
The biggest names in real estate share their secrets to success with our attendees in curated sessions that will equip you with the skills to level up.

Before we go…

📣WANT TO REACH 100K+ REAL ESTATE PROFESSIONALS RIGHT IN THEIR INBOX?

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