Anywhere Real Estate Inc Stock Price, News & Analysis

Coldwell Banker Real Estate , an Anywhere (NYSE: HOUS) brand, has expanded its international network with the launch of Coldwell Banker Tanzania and Zanzibar. This expansion comes amid booming real estate markets in Tanzania and Zanzibar, driven by rapid urbanization, economic growth, and increased demand for commercial and residential properties.

Led by CEO Gina Washington, the new master franchise focuses on sustainable development and green building practices. It aims to leverage the Coldwell Banker Commercial® brand and Coldwell Banker Global Luxury® program to meet the growing need for high-quality commercial spaces and luxury residential developments in the region.

The expansion is strategically timed to capitalize on Tanzania's position in East Africa, post-COVID economic recovery, and Zanzibar's initiatives to attract foreign direct investment and boost tourism. The brand will offer comprehensive services including investment strategies, project development, and tenant representation for both commercial and residential real estate markets.

George McFaden, a top-performing mortgage professional at Guaranteed Rate Affinity, has launched the 'George McFaden Team' to better serve clients in the San Francisco Bay Area. As a five-time President's Club member, McFaden aims to provide enhanced service and efficiency in the competitive market. The team offers a 'one-stop shopping' experience, combining banker and broker services with access to over 150 loan products and specialized offerings like non-QM loans.

Leveraging Guaranteed Rate Affinity's fintech platform, the team can provide faster pre-approvals, appraisals, and closings, allowing clients to move confidently in today's real estate market. McFaden's expansion is expected to attract a greater market share and enhance his reach throughout the region.

Century 21 Real Estate , a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), has released a new study on homebuyers' mindset and decision-making factors. The research, conducted by Ipsos, reveals that community and connection are central to the homebuying process. Key findings include:

- 56% of recent homebuyers report excitement in the process
- 65% feel a stronger connection to their community after moving
- 88% would compromise on dream home elements for a perfect community
- 92% value agents with insight into future community growth

The study also highlights that Hispanic Americans place a higher importance on community connection, with 89% feeling it's crucial. Century 21 Real Estate aims to use these insights to enhance client service and support its network of independent agents in their roles as community stewards.

Sotheby's International Realty has launched a new brand advertising campaign called '1 of 1'. The campaign positions the brand as 'curators of the unique', highlighting the distinctive features of each home they represent. It aims to connect with a new generation of affluent buyers who value individualism and self-expression.

The campaign, developed by venturethree, draws inspiration from Sotheby's auction house heritage and its global network. It will feature a seven-figure advertising media spend across various platforms, including The New York Times, The Wall Street Journal, and key social channels. The campaign has been transcreated into several languages for localization by the brand's 1,100+ offices in 83 countries.

Guaranteed Rate Affinity, a joint venture between Anywhere Real Estate Inc. (NYSE: HOUS) and Rate, has been ranked 13th on the 2024 Scotsman Guide's Top Retail Lenders List. This achievement marks significant growth for the company, which has been in operation for only seven years. The ranking reflects Guaranteed Rate Affinity's commitment to excellence and innovative approach in the mortgage industry.

Don Casey, President and CEO of Anywhere Integrated Services and Relocation, praised the collaboration between Guaranteed Rate Affinity and Coldwell Banker Realty. David Dickey, President and Chief Production Officer of Guaranteed Rate Affinity, highlighted the partnership's role in their success. The company aims to become a top 10 retail mortgage lender, focusing on exceptional service, cutting-edge technology, and strong industry relationships.

Coldwell Banker Real Estate , an Anywhere (NYSE: HOUS) brand, is continuing its award-winning "Dream" ad campaign during the 2024 football season. The new 30-second spots feature city matchups, encouraging viewers to use the Coldwell Banker Move Meter tool to compare locations. The campaign includes:

- Ads airing on Thursday evenings on a streaming service
- Move Meter Match-Up pre-game integration
- Localized asset campaign for affiliate offices

The Move Meter data shows Charlotte, NC as the top "Move to" city search from January to August 2024. Coldwell Banker's ad was the second most effective during last year's Thursday night event out of over 150 advertisers. The brand has held the #1 real estate ad for 12 consecutive years according to ACE Metrix.

Coldwell Banker Real Estate 's 2024 Mid-Year Report reveals growing optimism among high net-worth individuals and an influx of new, sought-after inventory in the luxury real estate market. Key findings include:

1. Continued demand for 'have-it-all' properties, with 44% of Coldwell Banker Global Luxury Property Specialists reporting high demand for well-priced, impeccably presented high-end properties.

2. A shift towards 'forever' dream homes, with buyers seeking adaptable residences for long-term living.

3. Sustained consumer optimism, with 70% of Luxury Property Specialists affirming belief in the market's robustness for 2024.

The report indicates a modestly stronger luxury single-family home market compared to the same period in 2023, with close alignment between final sale prices and initial listing prices.

Guaranteed Rate Affinity announces that Nina Gonzalez has ranked number 60 on the 2024 NAHREP Top 250 Latino Mortgage Originators Awards. Gonzalez closed 63 transactions with a volume of $17,795,033, demonstrating her commitment to understanding clients' unique financial goals. This recognition aligns with Rate Companies' commitment to serving underserved communities and transforming the lending experience.

David Dickey, President and Chief Production Officer of Guaranteed Rate Affinity, praised Gonzalez's achievement, highlighting her exceptional service to clients and communities. Gonzalez expressed gratitude for the recognition and emphasized her dedication to helping clients achieve their homeownership dreams. The company believes this achievement will enhance its ability to assist Spanish-speaking clients and solidify its position as an industry leader.

Anywhere Real Estate Inc. (NYSE: HOUS) reported strong Q2 2024 financial results, with revenue of $1.7 billion, essentially flat year-over-year. The company saw a 3% increase in combined homesale transaction volume, with units down 5% but price up 8%. Net income rose to $30 million, up $11 million from 2023, while Operating EBITDA improved by $13 million to $139 million. Anywhere realized cost savings of $30 million and increased its full-year cost savings expectation to $120 million. The company's luxury brands, Corcoran and Sotheby's International Realty, outperformed the market with positive year-over-year unit growth. Free Cash Flow was $63 million, or $83 million excluding a $20 million litigation settlement payment.