The company now expects to earn as much as 10 percent less this quarter than it expected in April, according to a new SEC filing. The company’s stock price fell sharply in early trading hours.
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The slow real estate market is weighing on Anywhere Real Estate.
The company told investors in a filing with the Securities and Exchange Commission on Tuesday that it projects earnings to be as much as 10 percent lower in the second quarter than it expected in late April.
Six weeks ago, Anywhere told investors it expected its earnings before interest, taxes, depreciation and amortization (EBITDA) to be approximately the same as it was a year ago.
This week, however, the company revised that estimate downward and said it expected earnings from its brokerage and franchise businesses to fall between 3-10 percent.
The company said the downward revision was “largely due to softer homesale transaction volume than expected in the second quarter of 2025, driven by market and macroeconomic volatility,” according to the filing from Chief Financial Officer Charlotte Simonelli.
Anywhere Real Estate includes Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Corcoran, ERA Real Estate and Sotheby’s International Realty.
According to the National Association of Realtors, home sales in April were on pace for an annualized rate of 4 million homes sold this year.
The company reported a net loss of $78 million during the first quarter of the year.
Anywhere stock after the markets closed.
The revision led to a 7 percent drop in Anywhere’s stock value during early trading hours on Tuesday despite the company expressing a hint of optimism for a sales rebound.
While revenue is lagging in the second quarter, Anywhere said in the filing that it expects its earnings for the full year to be the same as it reported earlier this year.
That’s “based primarily upon our expectations for improving homesale transaction volume in the second half of 2025,” the company said.
Some of that second half performance is due to ongoing cost-cutting measures, which the company said were more heavily weighted toward the second half of the year.
The company said that it had cut costs by $14 million in the first quarter, and that it expected to cut costs by $100 million throughout the year.
Other savings would come from “additional cost management actions we intend to take.”
“Despite a historically challenging housing market, we continue to demonstrate strong financial performance and strategically invest in the business to propel us for future success faster,” CEO Ryan Schneider said at the time.
