TORONTO, July 23, 2024 /PRNewswire/ - Peerage Realty Partners, the prominent leader in luxury residential real estate markets across North America, has fortified its senior leadership team to embrace the opportunities and changes coming to the real estate industry. Brown's appointment underscores Peerage Realty Partners' commitment to capitalizing on its strong North American foundation and focusing on growth opportunities within a rapidly changing industry. In this role, she will drive the strategic vision ...

Easterseals is leading the way to full equity, inclusion, and access through life-changing disability and community services. Trusted by families for more than 100 years, we have worked tirelessly with our partners to enhance quality of life and expand local access to healthcare, education, and employment opportunities. And we won't rest until every one of us is valued, respected, and accepted. Through our national network of Affiliates, Easterseals provides essential services and on-the-ground supports to ...

MADISON, N.J., July 19, 2024 /PRNewswire/ -- Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate services, will release its financial results for the second quarter ended June 30, 2024, on Thursday, August 1, 2024. The company will host a conference call and webcast to discuss its results and provide a business update that morning at 8:30 a.m. ET. Investors may access the conference call live via webcast at anywhere.re under "Investors" or by dialing 800- 715-9871 (toll free); ...

"As our longest-serving legacy philanthropic partner, the CENTURY 21® brand and its network have been stalwart supporters of Easterseals since 1979," said Easterseals President and CEO Kendra Davenport. "Fortyfive years later, we continue to be amazed by the extraordinary efforts of the local brokerages affiliated with the CENTURY 21 brand across North America– from annual fundraising campaigns to the unique charity events they put together. With the brand's long-standing support, Easterseals is able to mak ...

The brand's debut mid-year report evolves annual analysis, offering timely insights in dynamic market Kristina Helb Vice President of Global Communications [email protected] agents also benefit from an association with the venerable Sotheby's auction house, established in 1744. For more information, visit www.sothebysrealty.com. Key findings featured in the report include: NEW YORK, July 10, 2024 /PRNewswire/ -- Today, Sotheby's International Realty released its 2024 Mid-Year Luxury Outlook℠ report, complem ...

NEW YORK, July 9, 2024 /PRNewswire/ -- Coldwell Banker Warburg (CBW), the premier brokerage that's been at the forefront of New York luxury real estate for more than 100 years, is pleased to announce that agent David Harris and broker Bill Kowalczuk have returned to CBW after brief stints at other brokerages, and that the company is also welcoming broker Sean Adu-Gyamfi and agent Guy Hobson. Harris originally joined CBW in November 2022 and left in February of this year. He returned to CBW and its wide-rang ...

NEW YORK, July 1, 2024 /PRNewswire/ -- Sotheby's International Realty has announced its expansion into California's Central Valley with the addition of Valley Sotheby's International Realty, marking the brand's continued growth in California and its 111th office in the state. "Primely located between the ocean and mountains, the Central Valley offers an enviable lifestyle. Buyers are drawn to the region from the Bay Area and beyond to acquire more house and land while maintaining convenient access to major ...

"As we continue to navigate shifts in the real estate market, Sotheby's International Realty agents worldwide remain at the forefront," said Philip White, president and CEO, Sotheby's International Realty. "Discerning luxury buyers and sellers rely on our esteemed real estate advisors for their unparalleled expertise and exceptional service. I take pride in their accomplishments and consider it a privilege to collaborate with the industry's finest." Top Agents by Transactions Brad Kappel The Sotheby's Inter ...

PART I [PART I - FINANCIAL INFORMATION](index=6&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) Details the company's unaudited financial performance, condition, market risks, and internal controls for the period [Financial Statements (Unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents the unaudited condensed consolidated financial statements, highlighting key financial performance and position for the period [Condensed Consolidated Statements of Operations](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Presents the unaudited condensed consolidated statements of operations, detailing revenues, expenses, and net loss for the period Condensed Consolidated Statements of Operations (in millions, except per share data) | | Three Months Ended March 31, | | :--- | :--- | :--- | | | **2024** | **2023** | | **Net revenues** | **$1,126** | **$1,131** | | Total expenses | $1,254 | $1,313 | | Loss before income taxes | $(128) | $(182) | | **Net loss attributable to Anywhere** | **$(101)** | **$(138)** | | **Diluted loss per share** | **$(0.91)** | **$(1.26)** | [Condensed Consolidated Balance Sheets](index=10&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Provides the unaudited condensed consolidated balance sheets, outlining assets, liabilities, and equity at the period end Condensed Consolidated Balance Sheet Highlights (in millions) | | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Total current assets** | $597 | $580 | | Goodwill | $2,499 | $2,499 | | **Total assets** | **$5,799** | **$5,839** | | **Total current liabilities** | $1,475 | $1,207 | | Long-term debt | $2,053 | $2,235 | | **Total liabilities** | **$4,219** | **$4,158** | | **Total stockholders' equity** | **$1,578** | **$1,679** | [Condensed Consolidated Statements of Cash Flows](index=11&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Details the unaudited condensed consolidated statements of cash flows, summarizing cash movements from operating, investing, and financing activities Condensed Consolidated Statements of Cash Flows (in millions) | | Three Months Ended March 31, | | :--- | :--- | :--- | | | **2024** | **2023** | | **Net cash used in operating activities** | **$(122)** | **$(113)** | | Net cash used in investing activities | $(16) | $(5) | | **Net cash provided by financing activities** | **$134** | **$26** | | Net decrease in cash, cash equivalents and restricted cash | $(4) | $(92) | | Cash, cash equivalents and restricted cash, end of period | $115 | $126 | [Notes to Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Provides detailed notes on the financial statements, covering segments, debt, restructuring, and significant legal contingencies - The company operates in three business segments: Anywhere Brands (Franchise Group), Anywhere Advisors (Owned Brokerage Group), and Anywhere Integrated Services (Title Group)[44](index=44&type=chunk) Total Indebtedness as of March 31, 2024 (in millions) | Debt Instrument | Net Amount | | :--- | :--- | | Revolving Credit Facility | $438 | | Term Loan A Facility | $201 | | 7.00% Senior Secured Second Lien Notes | $628 | | 5.75% Senior Notes | $576 | | 5.25% Senior Notes | $451 | | 0.25% Exchangeable Senior Notes | $398 | | **Total Short-Term & Long-Term Debt** | **$2,692** | - The company has a proposed nationwide settlement for the Burnett and Moehrl antitrust cases, agreeing to pay **$83.5 million** and implement practice changes. The settlement received preliminary approval and a final approval hearing is scheduled for May 9, 2024[102](index=102&type=chunk)[101](index=101&type=chunk) - Restructuring charges for Q1 2024 were **$11 million**, primarily related to the ongoing Operational Efficiencies Plan aimed at optimizing operations and reducing office footprint[80](index=80&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=31&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Analyzes the company's financial performance and condition within the challenging real estate market, discussing key trends, segment results, and liquidity management [Recent Developments](index=31&type=section&id=Recent%20Developments) Highlights significant recent events, including industry-wide and company-specific legal settlements and ongoing regulatory developments - The National Association of Realtors (NAR) announced a settlement that will eliminate the requirement for listing agents to offer compensation to buyer brokers on the MLS[149](index=149&type=chunk)[150](index=150&type=chunk) - Anywhere's own nationwide settlement in the Burnett antitrust litigation, for **$83.5 million**, is subject to a final court approval hearing scheduled for May 9, 2024[152](index=152&type=chunk) - On April 5, 2024, the D.C. Circuit Court of Appeals ruled in favor of the DOJ, allowing the agency to reopen its antitrust investigation of NAR[155](index=155&type=chunk) [Current Business and Industry Trends](index=32&type=section&id=Current%20Business%20and%20Industry%20Trends) Analyzes current residential real estate market and industry trends, including transaction volumes, mortgage rates, and agent count impacts - The residential real estate market is at historic lows, with NAR reporting a **3%** YoY decrease in existing homesale transactions in Q1 2024[156](index=156&type=chunk)[157](index=157&type=chunk) - High mortgage rates, peaking at **7.79%** in Q4 2023 and remaining elevated, continue to negatively impact homesale volume and affordability[164](index=164&type=chunk)[166](index=166&type=chunk) - The company realized approximately **$30 million** in cost savings in Q1 2024, about half of which related to specific restructuring activities[162](index=162&type=chunk) - Independent sales agents affiliated with company-owned brokerages declined **5%** YoY as of March 31, 2024, consistent with a broader market trend of agents leaving the industry[171](index=171&type=chunk) [Key Drivers of Our Businesses](index=36&type=section&id=Key%20Drivers%20of%20Our%20Businesses) Identifies key operating metrics and drivers influencing performance across the company's Franchise, Owned Brokerage, and Title segments Key Operating Metrics - Q1 2024 vs Q1 2023 | Metric | Q1 2024 | Q1 2023 | % Change | | :--- | :--- | :--- | :--- | | **Franchise Group** | | | | | Closed homesale sides | 144,775 | 150,491 | (4)% | | Average homesale price | $470,119 | $437,964 | 7% | | **Owned Brokerage Group** | | | | | Closed homesale sides | 50,513 | 53,797 | (6)% | | Average homesale price | $709,506 | $663,223 | 7% | | **Title Group** | | | | | Purchase title and closing units | 21,325 | 21,749 | (2)% | | Refinance title and closing units | 2,025 | 2,198 | (8)% | [Results of Operations](index=37&type=section&id=Results%20of%20Operations) Presents a detailed analysis of the company's operating results, including segment performance and key factors impacting profitability Operating EBITDA by Segment (in millions) | Segment | Q1 2024 | Q1 2023 | $ Change | | :--- | :--- | :--- | :--- | | Franchise Group | $89 | $97 | $(8) | | Owned Brokerage Group | $(59) | $(75) | $16 | | Title Group | $(15) | $(17) | $2 | | Corporate and Other | $(32) | $(57) | $25 | | **Total Company** | **$(17)** | **$(52)** | **$35** | - Total expenses decreased by **$59 million** (**4%**) YoY, primarily due to a **$37 million** net decrease in operating and G&A expenses, a **$15 million** decrease in former parent legacy costs, and **$14 million** in lower restructuring costs[193](index=193&type=chunk) - Franchise Group revenue decreased **$7 million**, mainly from a **$9 million** decline in relocation and leads business revenue[200](index=200&type=chunk) - Owned Brokerage Group Operating EBITDA improved by **$16 million**, driven by a **$10 million** decrease in operating costs and a **$4 million** decrease in marketing expense from cost-saving initiatives[202](index=202&type=chunk) [Financial Condition, Liquidity and Capital Resources](index=41&type=section&id=Financial%20Condition,%20Liquidity%20and%20Capital%20Resources) Assesses the company's financial position, liquidity sources, capital resources, and plans for managing debt maturities and future cash obligations - Total liabilities increased by **$61 million** in Q1 2024, driven by a **$150 million** net increase in corporate debt, primarily from additional borrowings under the Revolving Credit Facility[206](index=206&type=chunk) - The company plans to extend, refinance, replace or repay its Term Loan A Facility by **November 2024**[212](index=212&type=chunk) - Material future cash uses include the remaining **$73.5 million** for the antitrust settlement and a **$39 million** legacy tax assessment, both anticipated to be payable in **2024**[213](index=213&type=chunk)[214](index=214&type=chunk) - The company was in compliance with its senior secured leverage ratio covenant of **4.75 to 1.00** as of March 31, 2024[227](index=227&type=chunk) [Quantitative and Qualitative Disclosures about Market Risks](index=46&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risks) Details the company's exposure to market risks, primarily interest rate fluctuations affecting its variable-rate debt - The company's main market risk is exposure to interest rate fluctuations, specifically SOFR, on its variable-rate debt[238](index=238&type=chunk) - As of March 31, 2024, the company had **$640 million** of variable interest rate debt outstanding[240](index=240&type=chunk) - A sensitivity analysis indicates that a **0.25%** increase in SOFR would result in an approximate **$2 million** impact on annual interest expense[240](index=240&type=chunk) [Controls and Procedures](index=46&type=section&id=Item%204.%20Controls%20and%20Procedures) Confirms the effectiveness of the company's disclosure controls and procedures, with no material changes to internal control over financial reporting - Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures are effective at the 'reasonable assurance' level as of the end of the period[242](index=242&type=chunk)[246](index=246&type=chunk) - There were no changes in internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[243](index=243&type=chunk) PART II [PART II - OTHER INFORMATION](index=48&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) Covers significant legal proceedings, other required disclosures, and a list of filed exhibits [Legal Proceedings](index=48&type=section&id=Item%201.%20Legal%20Proceedings) Outlines significant legal proceedings, including antitrust class actions and a proposed nationwide settlement, along with other material litigation - The company is defending against multiple class action antitrust lawsuits (e.g., Burnett, Moehrl, Batton, Nosalek) that challenge industry rules for buyer-broker commissions[93](index=93&type=chunk)[248](index=248&type=chunk) - A proposed nationwide settlement for the Burnett and Moehrl cases has been reached for **$83.5 million** plus injunctive relief, which is pending final court approval[102](index=102&type=chunk) - The company is also a defendant in the Bumpus v. Realogy Holdings Corp. class action, which alleges violations of the Telephone Consumer Protection Act (TCPA)[118](index=118&type=chunk)[119](index=119&type=chunk) [Other Information](index=48&type=section&id=Item%205.%20Other%20Information) Confirms no director or officer adopted, modified, or terminated Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the quarter - During Q1 2024, no director or officer adopted, modified, or terminated a Rule 10b5-1 trading plan or a non-Rule 10b5-1 trading arrangement[251](index=251&type=chunk) [Exhibits](index=49&type=section&id=Item%206.%20Exhibits) Lists all exhibits filed with the Form 10-Q, including key agreements, auditor letters, and required certifications - Key filed exhibits include CEO and CFO certifications pursuant to Sarbanes-Oxley Act Sections 302 and 906[255](index=255&type=chunk) - Financial statements formatted in iXBRL (Inline eXtensible Business Reporting Language) are included as Exhibit 101[255](index=255&type=chunk)

Findings from the brand's latest annual Agent Priorities Report reveal agent sentiments and expectations in 2024 MADISON, N.J., May 1, 2024 /PRNewswire/ -- The latest annual "Agent Priorities Report" from Coldwell Banker Real Estate, an AnywhereSM (NYSE: HOUS) brand, found that 61% of agents surveyed plan on sticking with their company this year, a significant change from 2023 when 75% of agents said they probably or definitely would not change affiliation. Coldwell Banker® affiliated agents, however, are n ...