Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 76

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 76
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 increase of $71 million was primarily driven by a 10% increase in homesale transaction volume at Owned Brokerage Group which consisted of a 13% increase in average homesale price, partially offset by a 2% decrease in existing homesale transactions and a decline in the average homesale broker commission rate.

Operating EBITDA increased $12 million primarily due to:

•a $71 million increase in revenues as discussed above; and

•a $4 million decrease in other operating costs primarily related to a decrease in occupancy costs as a result of cost savings initiatives, partially offset by an increase in employee-related costs,

partially offset by:

•a $59 million increase in commission expenses paid to independent sales agents primarily as a result of higher homesale transaction volume described above; and

•a $4 million increase in royalties paid to Franchise Group.

Anywhere Integrated Services—Title Group

Revenues increased $7 million to $78 million and Operating EBITDA decreased $3 million to a loss of $18 million for the three months ended March 31, 2025 compared with the same period in 2024.

Revenues increased $7 million primarily as a result of a $5 million increase in resale revenue due to an increase in the average fee per closing unit and a $2 million increase in refinance revenue.

Operating EBITDA decreased $3 million primarily due to a $5 million increase in employee-related and other operating costs primarily due to higher employee incentive compensation and staffing related to the rebalancing and streamlining of title back-office support and a $5 million increase in variable operating costs due to volume increases, partially offset by a $7 million increase in revenues discussed above.

33

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

Financial Condition

March 31, 2025December 31, 2024ChangeTotal assets$5,588 $5,636 $(48)Total liabilities4,092 4,066 26 Total equity1,496 1,570 (74)

For the three months ended March 31, 2025, total assets decreased $48 million primarily due to:

•a $22 million net decrease in other current and non-current assets primarily due to a reduction in income tax receivables and a decrease in equity method investments as a result of dividends received from Guaranteed Rate Affinity and other equity method investments;

•a $22 million net decrease in franchise agreements and other amortizable intangible assets due to amortization;

•