Anywhere Real Estate Inc. - HOUS STOCK NEWS

Guaranteed Rate Affinity has appointed Scott Throneberry as Executive Vice President, leveraging his 29 years of mortgage industry experience to drive company growth. Throneberry, who has been with the company since its 2017 inception and previously served as SVP divisional manager for the Western U.S., will lead regional presidents and focus on recruiting high-performing loan officers.

In his new role, Throneberry will enhance the company's existing talent through culture, technology, and marketing initiatives, while strengthening collaboration between loan officers and Coldwell Banker agents through joint events. The company expects significant growth in 2025 through its platform that enables loan officers to expand their business and partner with top agents.

Sotheby's International Realty has announced its expansion into South Dakota with the opening of Grand Sotheby's International Realty in Sioux Falls. The new office, owned and operated by Dana Fisher and Danielle Konechne who bring nearly 40 years of combined real estate experience, marks the brand's first affiliated office in the state. Fisher serves as a planning and zoning commissioner, while Konechne is known for achieving record-breaking prices.

The expansion strengthens Sotheby's International Realty's network, which currently includes more than 26,300 affiliated independent sales associates across 1,100+ offices in 83 countries and territories. The new office will benefit from Sotheby's global marketing programs, auction house association, and exclusive marketing tools to serve clients in Sioux Falls and surrounding areas.

Century 21 Real Estate, a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), launched 'The Joy of Home' global campaign focusing on community, connection, and homeownership joy. The multi-faceted media campaign includes social and digital media presence, plus two Times Square billboards. A recent study shows 56% of homebuyers remain excited about new homes despite market uncertainty, with 65% feeling stronger community connections after moving. The campaign debuts November 25 across platforms, featuring commercials and digital content, and will continue through 2025. Century 21 operates with nearly 130,000 sales professionals across 11,100 offices in 79 countries.

Sotheby's International Realty announces its continued partnership with Art Basel Miami Beach for the second consecutive year. The collaboration aligns with their new '1 of 1' brand campaign, which highlights unique home features. During the show, the company will showcase select luxury properties in an exclusive VIP area alongside premium brands like UBS, Audemars Piguet, NetJets, and BMW. Sotheby's International Realty operates globally with over 1,100 offices across 83 countries, including 48 company-owned brokerage offices in key markets.

Sotheby's International Realty announces the exclusive listing of Entelechy II, the former personal residence of renowned architect John Portman, for US$40 million. Located in Sea Island, Georgia, this 12,500-square-foot modernist masterpiece was built in 1986 and served as Portman's home for 31 years. The beachfront estate features innovative design elements including pavilions, gallery spaces, water elements, and a suspended walkway bridge. The property, spanning over two acres, is being listed for the first time publicly through Atlanta Fine Homes Sotheby's International Realty and DeLoach Sotheby's International Realty.

Century 21 Real Estate announces expansion into Greece, India, and the United Arab Emirates through new Master Franchise Agreements. In Greece, Antonios Kallas and his sons will develop the network, building on existing operations of three offices and 50 agents. Charles Tarbey, owner of CENTURY 21 Australia/New Zealand, will oversee operations in India and UAE. The UAE's residential property sales are projected to grow from $390 billion in 2024 to $460 billion in 2029, an 18% increase. Greece shows strong housing market trends with increased foreign buyer demand and construction activity, while India's market benefits from stable mortgage rates and high-value property demand.

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.