Ryan Schneider has engineered a turnaround at Anywhere Real Estate (which rebranded from Realogy in 2022) over the past few years. The payoff has begun revealing itself as the company now affirms a profitable business on significant revenue.
The firm is the industry behemoth. It owns the nation’s second largest brokerage in Anywhere Advisors and more franchise brands that anyone other company with: Coldwell Banker Real Estate, Sotheby’s International Realty, Century 21, Corcoran Group, ERA Real Estate and Better Homes and Gardens Real Estate. Combined, Anywhere is the nation’s largest holding company, with 2021 production of over $737 billion in sales, 1.5 million transactions and over 196,000 agents in the U.S.
Like all real estate companies, the turning market has had an effect on production compared to a year ago. Through the third quarter in 2022, the company reported the following (compared to the same period a year ago):
- $5.6 billion in revenue (down 7.1 percent)
- $169 million in net income (down 43.9 percent)
- 198,900 in US agent count (up 1.2 percent)
Although Anywhere’s revenues dropped with the market in 2022, the company still posted a net income of $169 million through the third quarter, the largest net income of any of the nation’s largest real estate companies.
Anywhere is profitable, cash-flow positive, is growing (slowly but steadily), and may be in its best competitive position in years. The steady leadership of Ryan Schneider is a big part of the reason, and we think continues one of the most powerful people in residential real estate.