Welcome to our dedicated page for Anywhere Real Estate news (Ticker: HOUS), a resource for investors and traders seeking the latest updates and insights on Anywhere Real Estate stock.
Anywhere Real Estate Inc. (NYSE: HOUS) stands as a global leader in residential real estate services, offering a comprehensive suite of solutions including brokerage, relocation, title, and settlement services. With a vast portfolio of renowned brands such as Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA®, and Sotheby's International Realty®, Anywhere Real Estate supports approximately 188,300 independent sales agents in the U.S. and around 134,200 agents in 118 other countries and territories. Leveraging cutting-edge technology and marketing products, the company enhances agent productivity and delivers superior consumer experiences.
The company’s operations are divided into three core segments:
- Anywhere Brands: Focuses on franchise systems, supporting a network of approximately 13,500 offices globally.
- Anywhere Advisors: Comprises company-owned brokerage operations, making it the largest residential brokerage in the U.S.
- Anywhere Integrated Services: Provides title, settlement, and mortgage services.
Recently, Anywhere Real Estate announced the addition of new high-profile agents to Coldwell Banker Warburg and the continued recognition of top performers in the CENTURY 21® and Sotheby's International Realty networks. Moreover, the Shasta Sotheby's International Realty expansion in Northern California highlights the brand's growth and its dedication to offering luxury services to diverse markets. Financially, the company reported solid results for Q1 2024 despite market challenges, focusing on cost savings and operational efficiencies.
Anywhere Real Estate’s commitment to ethical practices and innovative solutions keeps it at the forefront of the industry, making it a formidable player in the real estate market.
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.
Peerage Realty Partners, a leader in North American luxury real estate, has strengthened its senior leadership team by appointing Tara Brown as President of the newly created Peerage Group Sotheby's International Realty division and Chief Growth Officer of Peerage Realty Partners. Brown, with over 20 years of experience in consumer businesses, will drive strategic vision, organizational management, and operational effectiveness across North American operations. Her role includes spearheading portfolio growth and enhancing commercial capabilities.
Brown's appointment reflects Peerage Realty Partners' commitment to capitalizing on growth opportunities in a rapidly changing industry. With her extensive background in Fortune 500 and private equity companies, Brown is poised to enhance the company's focus on brand building and exceptional client experience.
Easterseals, the largest disability service provider in the US, announces continued support from the CENTURY 21® System through its International Week of Giving. This initiative, running from July 21-26, 2024, aims to enhance quality of life and expand access to various services for people with disabilities. CENTURY 21 real estate brokerages worldwide will host fundraising activities to support Easterseals and other causes.
The CENTURY 21 System raised nearly $3.1 million for Easterseals in 2023, bringing their total contribution since 1979 to $138.5 million. This 45-year partnership highlights the importance of private-public collaborations in driving social change, especially in the face of government budget constraints and social divisions.
Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate services, has announced it will release its financial results for the second quarter ended June 30, 2024, on Thursday, August 1, 2024. The company will host a conference call and webcast to discuss the results and provide a business update at 8:30 a.m. ET on the same day.
Investors can access the conference call via webcast at anywhere.re under 'Investors' or by dialing 800-715-9871 (toll-free) or 646-307-1963 (international). Participants are advised to dial in 5-10 minutes before the start time. A webcast replay will be available on the company's website after the call.
Century 21 Real Estate announced its third annual International Week of Giving, taking place from July 21-26, 2024. The CENTURY 21® System's global network of independent agents and brokers will host philanthropic activities supporting various causes, including homelessness, food insecurity, disaster relief, education, health, and the environment.
In 2023, the CENTURY 21® System raised nearly $3.1 million for Easterseals, bringing its lifetime fundraising total to $138.5 million. The brand's 45-year partnership with Easterseals has significantly impacted the lives of people with disabilities, veterans, and senior citizens.
Notable events include the CENTURY 21 Novus 'Reels for Seals' fishing tournament, which raised $27,000 for Easterseals North Georgia, and the CENTURY 21 Affiliated Golf Classic, which raised $45,344 for Homes Giving Hope. The brand's commitment to community service will be highlighted through a #C21WithYou social media campaign during the International Week of Giving.
Sotheby's International Realty has published its 2024 Mid-Year Luxury Outlook report, providing important insights into the global luxury real estate market. The report, released on July 10, 2024, examines key factors such as election outcomes, interest rate trends, and cultural investments influencing the market. This mid-year edition is designed to offer real-time analysis and keep consumers informed on the dynamic landscape, complementing Sotheby's annual report. The comprehensive analysis aims to help clients navigate the complex luxury property market with informed decisions by highlighting emerging trends and potential market shifts.
Coldwell Banker Warburg (CBW), a leading New York luxury real estate brokerage, announces the return of agent David Harris and broker Bill Kowalczuk, alongside the addition of broker Sean Adu-Gyamfi and agent Guy Hobson. Harris, initially joining CBW in November 2022 before a brief departure, and Kowalczuk, a veteran with over $500 million in sales, cited CBW's supportive environment and efficient communication as key reasons for their return. Adu-Gyamfi brings over 15 years of experience and previously co-founded Mantus Real Estate, while Hobson and Kowalczuk have also affiliated their New Jersey licenses with CBW. This strategic move underscores CBW's commitment to leveraging cutting-edge technology and providing top-tier client service.
CBW, part of Anywhere Real Estate (NYSE: HOUS), continues to expand its team with experienced professionals like David Sokolowski and Josue Gonzalez. The firm emphasizes its strong support system, accessible leadership, and collective knowledge sharing among agents and brokers.
Sotheby's International Realty has expanded into California's Central Valley with Valley Sotheby's International Realty, marking its 111th office in the state. The new office, headquartered in Modesto, will serve the Stanislaus, San Joaquin, Merced, and Tuolumne counties. Owned by real estate veteran Catrina Girard, the firm aims to provide luxury real estate services bolstered by Girard's financial planning background and two decades of experience. Philip White, CEO of Sotheby's International Realty, praised the Central Valley's lifestyle and strategic location, appealing to buyers from the Bay Area. The global network of Sotheby's International Realty now includes over 26,400 sales associates across more than 1,100 offices in 83 countries, ensuring extensive exposure and referral opportunities for the new office's listings. The affiliation with Sotheby's auction house enhances the firm's prestige and marketing capabilities.
Sotheby's International Realty has announced the expansion of its network with the addition of The Home Seekers Real Estate Group in Central Michigan, now operating as White Pine Sotheby's International Realty. This marks the 8th office in Michigan, highlighting the brand's growth in the state.
Owned by Rob Buffington and headquartered in Okemos, Michigan, the firm will serve the Greater Lansing area, including Ingham, Eaton, and Clinton Counties. Buffington brings 20 years of industry experience and leads the top sales team in the area.
The affiliation enhances White Pine's ability to serve clients through Sotheby's prestigious marketing tools and resources. The Sotheby's International Realty network comprises over 26,400 sales associates in more than 1,100 offices across 83 countries.
The strategic alliance between Sotheby's and Anywhere Real Estate Inc., initiated in 2004, continues to support this expansion.
Sotheby's International Realty has once again topped the 2024 RealTrends Verified + The Thousand Individuals by Sales Volume list. The brand's agents make up the majority of the top 250 sales associates in the Individuals by Sales Volume category, with 35 agents featured. Several Sotheby's International Realty teams also earned spots on the Top Teams by Sales Volume list for 2024. The rankings are based on 2023 sales volume and transaction sides. This achievement highlights the brand's continuous excellence and ability to deliver extraordinary results amidst market shifts.
FAQ
What is the current stock price of Anywhere Real Estate (HOUS)?
What is the market cap of Anywhere Real Estate (HOUS)?
What services does Anywhere Real Estate Inc. provide?
Which brands are part of Anywhere Real Estate Inc.?
How many sales agents are affiliated with Anywhere Real Estate Inc.?
What are the main business segments of Anywhere Real Estate Inc.?
What recent achievements has Anywhere Real Estate Inc. announced?
How did Anywhere Real Estate Inc. perform financially in Q1 2024?
What ethical recognitions has Anywhere Real Estate Inc. received?
Who are some notable new agents that joined Coldwell Banker Warburg?
How does Anywhere Real Estate Inc. use technology to support its agents?
Where can investors find updates on Anywhere Real Estate Inc.'s performance?
