Company: HOUS
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001398987-25-000116
Chunk: 135

Company: Anywhere Real Estate Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 135
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 while the average homesale price increased by 6%. Similarly, Owned Brokerage Group reported a 1% decrease in closed homesale sides in the first nine months of 2025 as compared to the same period in 2024, while the average homesale price increased 6%.

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The graphic below shows the percentage change in combined volume for the Company by quarter for 2024 and 2025 as compared with the same period in the prior year, demonstrating that volume growth has been driven almost entirely by increasing average homesale price:

For the first nine months of 2025, as of the most recent release, NAR reported that existing homesale transactions were flat as compared to the same period in 2024. Fannie Mae, as of their most recently released forecast, is forecasting existing homesale transactions in 2025 compared to full year 2024 to remain flat at 4.1 million. The MD&A included in our 2024 Form 10-K includes further details about the macroeconomic and competitive factors impacting our business.

Interest Rates. After holding rates steady since December 2024, the U.S. Federal Reserve Board lowered the target federal funds rate by 25 basis points at each of its September and October 2025 meetings, bringing the target federal funds rate to a range of 3.75% to 4.00%. 

Mortgage Rates. Freddie Mac's data shows that the U.S weekly average rate for a 30-year conventional fixed-rate mortgage was 6.30% as of September 25, 2025 and 6.17% as of October 30, 2025. While recent rates have settled near their lowest level in about a year, they remain well above the ten-year average mortgage rate of 3.78% that preceded the commencement of actions intended to control inflation by the Federal Reserve in March 2022.

Cost Savings. During the third quarter of 2025, we realized cost savings of $28 million and $67 million year-to-date, of which approximately half (in both cases) is related to specific restructuring activities. We separately took certain temporary cost management measures beginning late in the second quarter of 2025 pursuant to which we realized $6 million in the third quarter and $8 million year to date.

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Third Party Data. This Quarterly Report includes data and information obtained from independent sources such as the Federal Home Loan Mortgage Corporation ("Freddie Mac"), the U.S. Bureau of Labor Statistics, the U.S.