Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 66

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 66
---
-known, industry-leading franchise brokerage brands, including Better Homes and Gardens® Real Estate, Century 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA® and Sotheby's International Realty®. As of March 31, 2025, our real estate franchise systems and proprietary brands had approximately 311,200 independent sales agents worldwide, including approximately 175,900 independent sales agents operating in the U.S. (which included approximately 51,900 company owned brokerage independent sales agents). As of March 31, 2025, our real estate franchise systems and proprietary brands had approximately 17,700 offices worldwide in 119 countries and territories, including approximately 5,300 brokerage offices in the U.S. (which included approximately 570 company owned brokerage offices). This segment also includes our global relocation services operation through Cartus® Relocation Services ("Cartus") and lead generation activities through Anywhere Leads Inc. ("Leads Group").

•Anywhere Advisors ("Owned Brokerage Group")—operates a full-service real estate brokerage business with approximately 570 owned and operated brokerage offices with approximately 51,900 independent sales agents under the Coldwell Banker®, Corcoran® and Sotheby’s International Realty® brand names in many of the largest metropolitan areas in the U.S. This segment also includes our share of equity earnings or losses from our minority-owned real estate auction joint venture.

•Anywhere Integrated Services ("Title Group")—provides full-service title, escrow and settlement services to consumers, real estate companies, corporations and financial institutions primarily in support of residential real estate transactions. This segment also includes the Company's share of equity earnings or losses from Guaranteed Rate Affinity, our minority-owned mortgage origination joint venture, and from our minority-owned title insurance underwriter joint venture.

Our technology and data organization is dedicated to providing innovative technology products and solutions that support the productivity and success of Anywhere’s businesses, brands, brokers, agents, and consumers.

CURRENT BUSINESS AND INDUSTRY TRENDS

According to NAR data, U.S. existing homesale transactions declined by 34% from the full year of 2021 compared to the full year of 2024. Additionally, existing homesale transactions in 2023 and 2024 fell to their lowest levels since 1995, according to NAR data. The decline has been driven by several factors, including challenging macroeconomic conditions such as persistently high mortgage rates, which have ranged between 6% to over