Company: HOUS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001398987-25-000108
Chunk: 112

Company: Anywhere Real Estate Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 112
---
 continued to contribute to a challenging operating environment during 2025.

While closed homesale transactions have declined, average homesale prices increased 15% from December 2021 to December 2024, according to NAR data. 

In the first half of 2025, Franchise Group saw a 2% increase in volume, calculated as the number of closed homesale sides multiplied by the average homesale price, and Owned Brokerage Group experienced a 4% increase in volume, both as compared to the same period in prior year. The positive volume in the first half of 2025 was driven entirely by price at both Franchise Group and Owned Brokerage Group.

Specifically, the number of closed homesale sides for Franchise Group decreased by 4% in the first half of 2025 as compared to the same period in 2024, while the average homesale price increased by 6%. Similarly, Owned Brokerage Group reported a 3% decrease in closed homesale sides in the first half of 2025 as compared to the same period in 2024, while the average homesale price increased 7%.

The graphic below shows the percentage change in combined volume for the Company by quarter since 2023 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 half of 2025, NAR reported that existing homesale transactions decreased 1% as compared to the same period in 2024. Fannie Mae, as of their most recently released forecast, is forecasting existing homesale transactions in 2025 to increase 3% compared to full year 2024 to 4.17 million. The MD&A included in our 2024 Form 10-K includes further details about the macroeconomic and competitive factors impacting our business. 

Cost Savings. During the second quarter of 2025, we realized cost savings of $25 million and $39 million year-to-date, of which approximately half (in both cases) is related to specific restructuring activities.

33

Matters that Impact the Functioning of the U.S. Residential Brokerage Industry and our Business. As discussed in our 2024 Form 10-K and Form 10-Q for the period ended March 31, 2025, some long-standing industry rules and practices have drawn increasing scrutiny, controversy and criticism, including from various industry participants as well as regulators, as an outgrowth of the industry antitrust litigation.

For example