Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 29

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1A
Chunk 29
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Table of Contents

SUMMARY OF RISK FACTORS

The following summary of risk factors is not exhaustive. We are subject to other risks discussed under "Item 1A.—Risk Factors," and under "Item 7.—Management's Discussion and Analysis of Financial Condition and Results of Operations," as well as risks that may be discussed in other reports filed with the SEC. As noted under "Forward-Looking Statements" above, these factors could affect our future results and cause actual results to differ materially from those expressed in our forward-looking statements. Investors and other readers are urged to consider all of these risks, uncertainties and other factors carefully in evaluating our business.

•The residential real estate market is cyclical, and we are negatively impacted by downturns and disruptions in this market, including factors that impact homesale transaction volume (homesale sides times average homesale price), such as:

◦prolonged periods of a high mortgage rate and/or high inflation rate environment;

◦continued or accelerated reductions in housing affordability, whether at initial purchase or ongoing ownership cost; 

◦insufficient or excessive home inventory levels by market or price point;

◦continued or accelerated declines, or the absence of significant increases, in the number of home sales;

◦stagnant or declining home prices; and

◦changes in consumer preferences in the U.S.; 

•We are negatively impacted by adverse developments or the absence of sustained improvement in macroeconomic conditions (such as business, economic or political conditions) on a global, domestic or local basis;

•Changes to industry rules or practices that prohibit, restrict or adversely alter policies, practices, rules or regulations governing the functioning of the residential real estate market (regardless of whether such changes are driven by regulatory action, litigation outcomes, or otherwise) could materially adversely affect our operations and financial results, including, but not limited to, changes related to:

◦the clear cooperation policy, which is a National Association of Realtors (“NAR”) mandated policy that requires a listing broker to submit a listing to the multiple listing services ("MLSs") for cooperation with other MLS participants within a specified time of marketing a property to the public (the “Clear Cooperation Policy”);

◦the rules mandating participation in state and national Realtor associations in order to post on the local MLS; and

◦the rules limiting access to lock-boxes used to facilitate property showings and the rules that limit display of co-mingled MLS and non-MLS listings;

•Risks related to the