Anywhere Real Estate Inc. - HOUS STOCK NEWS

Sotheby's International Realty has announced the opening of its first franchise in Kazakhstan, enhancing its presence in the EMEIA region to nearly 220 offices. The new office, led by CEO Diana Alieva, is based in Almaty and aims to serve multiple cities including Astana and Shimkent. With a focus on promoting real estate investments, the firm capitalizes on Kazakhstan's growing luxury market and investor interest. Sotheby’s extensive global network and marketing resources will support the new branch, providing clients with reputable service and growth opportunities.

Title Resources Group (TRG) announced the addition of two key executives: Peter Prygelski as Chief Financial Officer and Lisa Clarke-Wilson as Chief of Staff. Prygelski, with over 20 years of financial leadership experience, aims to enhance TRG's strategic financial vision. Clarke-Wilson, an MBA graduate from the University of Chicago, brings a decade of consulting and management experience to support TRG's growth initiatives. TRG, a prominent title insurance underwriter, has consistently operated profitably since its founding in 1984, serving clients in 38 states and the District of Columbia.

Coldwell Banker Real Estate LLC, part of Anywhere Real Estate (NYSE: HOUS), reported a strong performance for Q3 2022, with franchise agreements generating over $6.2 billion in sales volume. The company further expanded its network by welcoming five new franchisees, enhancing its reach and influence in the real estate market. The positive momentum from earlier quarters contributed to these favorable results, bolstering Coldwell Banker's position as a leader in the industry, and reflecting the company's commitment to supporting franchise growth through comprehensive training and resources.

Coldwell Banker Real Estate LLC has raised over $500,000 for St. Jude Children's Research Hospital for the second consecutive year through its CB Supports St. Jude partnership. The initiative encourages affiliated agents to contribute a portion of their sales. Notably, agent Nancy Huddleston has donated the most funds. During the recent Gen Blue Experience, the network raised an impressive $111,164 in just minutes. Coldwell Banker will extend this partnership into 2023, allowing continuous donations linked to real estate transactions, aiming to alleviate financial burdens on families affected by childhood cancer.

Anywhere Real Estate Inc. (NYSE: HOUS) reported Q3 2022 results, revealing a 17% decrease in revenue to $1.8 billion, largely due to lower homesale transactions and the absence of prior revenue from Title Group. Net income fell 52% to $55 million, with earnings per share dropping 50% to $0.49. Free cash flow also decreased 65% year-over-year. The company aims for $150 million in cost savings and plans to redeem $340 million of Senior Notes due 2023.

Agent count grew 7%, marking nine quarters of continuous growth.

Coldwell Banker Real Estate LLC has introduced The International Buyer's Guide to Purchasing U.S. Property to simplify the real estate buying process for international clients. With an expected increase in foreign investment, international buyers spent $59 billion on residential properties in the U.S., a 8.5% rise from the previous year, despite purchasing fewer properties. Key insights from the guide indicate that 44% of these buyers used cash, and major states attracting them include Florida, California, and Texas.