Latest news with #AnywhereRealEstate
Bloomberg
23-05-2025
- Business
- Bloomberg
Douglas Elliman Receives Takeover Bid as it Battles Alexander Brothers Fallout
Douglas Elliman Inc., the real estate brokerage battling fallout from lawsuits involving a pair of former star agents, received a merger offer from a competitor this week that would value the business at about double its current share price, according to people with knowledge of the matter. Anywhere Real Estate Inc., formerly known as Realogy, has approached Douglas Elliman with a bid that would value it at more than $4 a share, one of the people said, asking not to be identified as the information isn't public. Douglas Elliman isn't likely to accept the bid at the current level, the person said.
Bloomberg
23-05-2025
- Business
- Bloomberg
Douglas Elliman Gets Takeover Bid Amid Fallout From Probe of Former Star Agents
By and Jennifer Epstein Save Douglas Elliman Inc., the real estate brokerage battling fallout from lawsuits involving a pair of former star agents, received a merger offer from a competitor this week that would value the business at about double its current share price, according to people with knowledge of the matter. Anywhere Real Estate Inc., formerly known as Realogy, has approached Douglas Elliman with a bid that would value it at more than $4 a share, one of the people said, asking not to be identified as the information isn't public. Douglas Elliman isn't likely to accept the bid at the current level, the person said.
Yahoo
15-05-2025
- Business
- Yahoo
Anywhere to Participate in the KBW Virtual Real Estate Finance & Technology Conference
MADISON, N.J., May 15, 2025 /PRNewswire/ -- Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate services, today announced that Chief Executive Officer and President Ryan Schneider will participate in the KBW Virtual Real Estate Finance & Technology Conference on Tuesday, May 20, 2025. 'Evolving Resi Markets: A Conversation with Anywhere Real Estate', featuring Ryan Schneider, is scheduled for Tuesday, May 20, 2025 at 12:00 p.m. EST. The remarks will be webcast, with access instructions available at under "Investors." The webcast will be archived on the site for 90 days. About Anywhere Real Estate Inc. Anywhere Real Estate Inc. (NYSE: HOUS) is moving real estate to what's next. We fulfill our purpose to empower everyone's next move through our leading integrated services, which include franchise, brokerage, relocation, and title and settlement businesses, as well as mortgage and title insurance underwriter minority owned joint ventures. Our brands are some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®. Every day, we help fuel the productivity of our vast network of franchise owners and our more than 300,000 affiliated agents globally as they build stronger businesses and best serve today's consumers. Learn more about our award-winning culture of innovation and integrity at Investor Contacts: Media Contacts: Alicia Swift Gabriella Chiera (973) 407-4669 (973) 407-5236 John Carr Kyle Kirkpatrick (973) 407-2612 (973) 407-2935 View original content to download multimedia: SOURCE Anywhere Real Estate Inc.
Yahoo
05-05-2025
- Business
- Yahoo
Anywhere Real Estate First Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags
Revenue: US$1.20b (up 6.9% from 1Q 2024). Net loss: US$78.0m (loss narrowed by 23% from 1Q 2024). US$0.70 loss per share (improved from US$0.91 loss in 1Q 2024). Our free stock report includes 1 warning sign investors should be aware of before investing in Anywhere Real Estate. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) missed analyst estimates by 16%. Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in the US. Performance of the American Real Estate industry. The company's shares are up 22% from a week ago. You should learn about the 1 warning sign we've spotted with Anywhere Real Estate. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
08-04-2025
- Business
- Yahoo
Resi stocks continue to tumble as recession fears loom
Residential real estate stocks continued to fall Monday on the heels of President Donald Trump's continued commitment to widespread tariffs. Compass and brokerage holding firm Anywhere Real Estate each lost another roughly 2 percent off their open prices, while Douglas Elliman's stock fell 4.8 percent and Re/Max fell over 5 percent. Redfin, which has agreed to sell to Rocket Companies for $1.75 billion, fell even further, down 4.2 percent. Zillow, meanwhile, is down over 3 percent. The one company in the sector that staved off the selloff last week, Rocket Companies, was also down 5 percent today. The real estate sector mostly underperformed the market, with the S&P 500 down just .2 percent and the Nasdaq composite index flat. Last week, Trump announced a baseline 10 percent tax on most U.S. trading partners, including a tax on Chinese goods of over 50 percent. China responded last Friday with a 34 percent tax on any U.S. goods entering its borders, and Trump has signaled he may escalate Chinese tariffs even further in response. It's an ill-timed shock for an industry that many expected to find its footing in 2025. Manhattan's first-quarter residential sales were 29 percent above last year's number as it appeared consumers adjusted to persistently high mortgage rates. Other markets saw similarly promising results in the first quarter, with South Florida seeing sales dollar volume surge this past January. As a result, residential brokerages were poised for a banner — or better — year. Compass, for example, raised its full-year outlook in January and Anywhere expected to increase its 2025 operating EBITDA by $60 million compared to 2024. The tariffs may have thrown all that out the window. Immediate effects of the tariffs are already being felt on the supply slide of the market. Developers that had been quiet due to a challenging financing environment had begun plans to bring inventory online for the upcoming years. Some are now reconsidering their plans. Michigan-based luxury developer Andrew McCarthy said that he has already received a change order increasing the cost of elevators going into a two-unit boutique condo by 14 percent. The elevators are sourced from Canada. He's now in talks with Christie's International Real Estate team, which is marketing the building, to figure out price points for a May 1 sales launch. 'You're asking yourself are we marketable, are we competitive,' he said. Developers that had been sourcing new projects are also recalculating how those projects will pencil, if they will at all. Homebuilders have already been dealing with increased labor costs following the Trump administration's crackdown on immigration. 'How can heads of homebuilders plan out their year, how can they forecast and plan in this environment?' Miller Samuel CEO Jonathan Miller said. 'They're going to probably rein in expansion and any notion of increasing activity.' Miller also pointed out that existing homeowners might be loath to put their homes on the market during a period of economic turmoil, even if presented with lower rates. The potential for fewer homes on the market will further squeeze publicly-traded residential brokerages that have already been struggling for profitability. 'Continued low inventory levels have had and could continue to have a material adverse effect on our business, financial condition and results of operations,' read Compass' 2024 annual report. On the demand side, fears of a recession loom large. JP Morgan Chase & Co upped its odds of recession occurring this year to 60 percent. In a note to clients, the bank's chief U.S. economist, Michael Feroli, said he expects unemployment to trend towards 5.3 percent over time. While some analysts have pointed to already-falling mortgage rates as a potential silver lining, others remain skeptical. 'Lower rates are good for housing,' Miller said. 'But if there are a lot of consumers — potential homebuyers — that lose their job, then they're not homebuyers anymore.' Mortgage rates dipped initially last week on expectations that the Federal Reserve might drop rates in an attempt to stave off unemployment, but Chair Jerome Powell indicated that he is more focused on the inflationary risks posed by the tariffs. 'The mortgage-backed security market has basically not given us any indication that they're about to plummet from here,' said Melissa Cohn, regional vice president of William Raveis Mortgage. Falling asset values have also made it harder for potential buyers to pull the trigger on a home purchase, according to Cohn. 'When you've lost 20 percent of the value of your stock portfolio, you're going to be hard-pressed to want to go buy a new house and go buy new furniture,' she said. There is one thing known to dampen real estate activity: uncertainty. Any number of changes — a tariff rollback or the Fed changing its stance on interest rates — will lead to another calculation change for buyers and sellers. Until there's more clarity, both sides are prone to pausing. 'We're at peak uncertainty. When folks don't know what's going on, then they pause,' Miller said. Still, Stephens analyst John Campbell remains bullish on the sector, noting that he still expects rate relief, which could spur transactions — even if they come at lower prices. 'I think what a lot of folks in the market would like to see is lower values improving affordability alongside lower rates, which get even more people off the sidelines,' he said. But as Cohn points out, many of the prognostications made today might be completely wrong by tomorrow. 'The article that you read yesterday can be totally meaningless today or an hour later,' she said. REITs crushed as market plummets, stoking fears of recession How Trump's tariffs are reshaping real estate's future Trump's steel, aluminum tariffs to hammer homebuilders This article originally appeared on The Real Deal. Click here to read the full story. Sign in to access your portfolio
