These are the 5 D's driving the housing market. One is diamonds and another is death, says real-estate CEO.

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‘You have the five D’s keeping the market moving,’ Compass CEO Robert Reffkin says.

The sluggish housing market is on track to finish the year at the slowest pace since the Great Recession. But that doesn’t mean no one’s buying.

“There’s a lot of pent-up demand. You have the five D’s keeping the market moving,” Reffkin said in an appearance on CNBC. But aside from those home buyers who have a pressing need to move, everyone else is on pause in this housing market, given how high home prices and mortgage rates are, he added.

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