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nywhere Real Estate Inc. (HOUS) delivered a strong 2024 performance, driven by significant cost savings and luxury volume growth. The company's operating EBITDA surged to $290 million, a $35 million increase from the prior year, while free cash flow reached $50 million, excluding a one-time litigation settlement payment.
Key highlights include:
* Luxury volume growth of nearly 10% for the year and approximately 20% in Q4
* Addition of 67 new franchisees in 2024, with 28 in Q4
* Q4 revenue of $1.4 billion, up 9% versus prior year
* Full-year revenue of $5.7 billion, up 1% versus prior year
The company's cost savings efforts exceeded targets by 25%, totaling nearly $125 million. This was achieved through operational simplification, automation, and streamlining.
Anywhere Real Estate Inc. (HOUS) is navigating a challenging housing market, with significant one-time cash flow headwinds in 2025 due to litigation settlements and legacy tax matters. The company faces ongoing uncertainty and potential volatility in the housing market, which may impact its growth potential.
The company's AI agenda has been accelerated, with the deployment of generative AI at scale to improve customer experiences and operational efficiency. This has resulted in a 40% improvement in lead conversion rates.
Anywhere Real Estate Inc. (HOUS) is dealing with the financial impact of the California wildfires, which have affected about 1,000 agents and several offices. The company is also navigating complex industry practice changes and regulatory challenges, such as the NAR's clear cooperation policy, which could impact operations and market dynamics.
