Anywhere Real Estate

A new report suggests that Compass would control over 30% of several urban markets — surpassing federal guidelines — if its acquisition of Anywhere proceeds.

Many agents said they would make, or perhaps consider, a move if Compass and Anywhere merge — a possibility other brokerage leaders are keeping an eye on.

The brokerage and franchisor delivered 6% higher revenue, which Anywhere execs credited to increased luxury sales and retention of top agents.

A combination of major consolidations and a less cooperative environment could make residential brokerage look more commercial, eXp’s CEO warns.

If Compass’ acquisition of Anywhere goes through, it could trigger a private inventory race with major implications for the brokerage ecosystem — and consumers.

A closer look at a document detailing the planned acquisition reveals what can happen if it’s not completed on time — and how much money is at stake.

Compass’ CEO told investors that acquiring Anywhere “unlocks our long-term vision” while assuring agents of support for “brands, platforms and cultures.”

Watch the conversation with Sue Yannaccone as the Anywhere Brands leader talks settlement wins, the role of AI and why leaders must be more future-focused.

During a Q3 earnings call, CEO Ryan Schneider reiterated his support of the CCP but said large firms would be the winners if it goes away. Revenue, income fell.

A $20 million payment on its commissions litigation settlement takes a bite out of cash flow but cost-cutting efforts yield $30 million in savings.

Revenue and agent count dipped slightly, but the company highlighted the strength of its Sotheby’s brand and its progress toward a $100 million savings goal.

Net losses for the year improved, however. CEO Ryan Schneider pointed to debt reduction and settlements as wins, and spoke favorably about buyer agreements.

In its Q3 earnings report, the company highlighted its $1.6B in revenue, debt reduction, and a settlement that “puts significant litigation behind us.”

While down year-over-year, revenue and income were up over the previous quarter, but the company missed expectations on earnings per share.

The company missed analyst expectations by $0.48 per share but achieved cost savings of $50 million while legal headwinds put pressure on the bottom line.

CEO Ryan Schneider said the company will make cost reductions to bring operations in line with the market, as he expects a volatile year in real estate.

CEO Ryan Schneider said the company’s strong balance sheet with a focus on cost reductions allows the company to grow in strategic areas during the slowdown.