Compass Inc. (NYSE: COMP) has hired Mike Simonsen as its first-ever chief economist.
Simonsen, who was previously the founder and CEO of Altos Research, will be tasked with elevating Compass’ market reports and power its data-driven content.
“Mike is the best in the business at turning complex housing data into a clear advantage for agents,” said Compass founder and CEO Robert Reffkin. “Hiring him is a direct investment in our strategy to provide world-class market intelligence, empowering every Compass agent to serve their clients as the most informed, trusted advisor in their market and expand their business.”
“I’ve spent 20 years helping agents cut through the noise of the real estate market. Joining Compass gives me an unparalleled opportunity to take that to the next level,” said Simonsen. “I’m excited to combine my analysis with the real-time, boots-on-the-ground insights from Compass’s tens of thousands of agents to create the most powerful and practical market intelligence in the industry. It’s about giving agents the insights to serve as trusted advisors and deliver the best outcomes for their clients.”
