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Stock impact report

Real Estate Services Stocks Q3 Teardown: Anywhere Real Estate (NYSE:HOUS) Vs The Rest [Yahoo! Finance]

Anywhere Real Estate Inc., (HOUS) 
Company Research Source: Yahoo! Finance
Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 14 real estate services stocks we track reported a satisfactory Q3. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was 7.8% below. Luckily, real estate services stocks have performed well with share prices up 14.3% on average since the latest earnings results. Formerly known as Realogy Holdings, Anywhere Real Estate (NYSE:HOUS) is a residential real estate company with a network of brokerages, franchises, and settlement services. Anywhere Real Estate reported revenues of $1.54 billion, down 3.1% year on year. This pr Show less Read more
Impact Snapshot
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