Anywhere Real Estate Inc Stock Price, News & Analysis

Anywhere Real Estate reported Q3 2024 financial results with revenue of $1.5 billion, down 3% year-over-year. Net income was $7 million, decreasing $122 million primarily due to lower gains on debt extinguishment. Operating EBITDA reached $94 million, down $13 million year-over-year. The company achieved $30 million in cost savings and maintained stable agent commission splits at 80.4%. Combined closed transaction volume remained flat, with units down 5% but prices up 6%. Notably, luxury brands Corcoran and Sotheby's outperformed with 5% transaction volume growth. Free Cash Flow improved to $99 million from $95 million last year. October 2024 showed promising trends with closed transaction volume up 9% and open transaction volume up 16% year-over-year.

Guaranteed Rate Affinity, a leading mortgage provider partnered with Coldwell Banker, has appointed Mark Rawls as Vice President of Mortgage Lending. With over 22 years of industry experience, Mark brings a strong commitment to client service and a track record of success, including being a six-time President's Club recipient and a member of the Founder's Club at Movement Mortgage. He has also been recognized as a Top 1% Loan Officer by Scotsman Guide for four consecutive years.

Mark's appointment is expected to strengthen Guaranteed Rate Affinity's presence in North Carolina and enhance its partnership with Coldwell Banker. His client-first approach and dedication to personal excellence align with the company's focus on delivering top-tier service and results across the region.

Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate services, has announced the release of its third quarter 2024 financial results on Thursday, November 7, 2024. The company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results and provide a business update.

Investors can access the conference call via webcast at anywhere.re under the 'Investors' section or by dialing 800-715-9871 (toll-free) for domestic participants and 646-307-1963 for international participants. It is recommended to dial in at least 5-10 minutes before the start time. A webcast replay will be available on the company's website after the call.

Better Homes and Gardens Real Estate , a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), has announced a brand refresh with the tagline "Nobody Knows Homes Better". This repositioning emphasizes the brand's lifestyle expertise and reputable roots, built on the century-long trusted Better Homes & Gardens media brand. The refresh aims to highlight BHGRE's commitment to providing exceptional boutique-level service and lifestyle expertise, with affiliated agents acting as "personal property curators".

The brand is focusing on equipping agents with tools, training, and resources to stay current with home design and industry trends. BHGRE is also releasing the "We Know" campaign ad and has produced a Home Trends Report based on Better Homes & Gardens audience research, looking ahead to 2025. The brand boasts a 99% client satisfaction rate and continues to position itself as a lifestyle leader in the real estate industry.

Coldwell Banker Real Estate , a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), has extended its partnership with St. Jude Children's Research Hospital® into 2025. The CB Supports St. Jude partnership has raised $1.97 million since 2020. David DiGregorio, an agent with Coldwell Banker Realty in Waltham, Massachusetts, was recognized as the Stars of Hope top donor for the third consecutive year. The program allows Coldwell Banker affiliated agents to donate a portion of every home sale or purchase to St. Jude, ensuring families don't face financial burdens during treatment. Jason Waugh, President of Coldwell Banker Affiliates, emphasized the brand's commitment to making a difference in families' lives.

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.