Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 92

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 92
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 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 7% for a 30-year conventional fixed-rate mortgage (according to Freddie Mac), high inflation, a tight housing supply, and declines in home ownership affordability. The decline in closed homesale transactions has been offset, in part, by rising average homesale prices, which increased 15% from December 2021 to December 2024, according to NAR data. Difficult macroeconomic conditions continued in the first quarter of 2025 with concerns about geopolitical instability, changes in trade policies, and declining consumer confidence contributing to additional economic uncertainty. 

In the first quarter of 2025, Franchise Group saw a 4% increase in volume, calculated as the number of closed homesale sides multiplied by the average homesale price, and Owned Brokerage Group experienced a 10% increase in volume, both as compared to the same period in prior year. The positive volume in the first quarter of 2025 was driven entirely by price at both Franchise Group and Owned Brokerage Group. 

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Specifically, the number of closed homesale sides for Franchise Group decreased by 5% in the first quarter of