""We have a unique opportunity to utilize the incredible breadth of talent across our companies, especially our world-class agents and franchisees, to deliver even more value to home buyers and home sellers across every phase of the home buying and home selling experience,""
""a place where real estate professionals can thrive for decades to come.""
""On one hand, bigger firms can wield monopoly power, limiting transparency and raising the risk of monopolistic practices,""
The proposed $1.6 billion merger would combine Compass and Anywhere Real Estate into a single brokerage valued at about $10 billion. The combined company would create a 340,000-agent network and merge Compass's regional brokerages with Anywhere's national brands, including Century 21 and Coldwell Banker. The housing market is softening, with declining existing home sales, limited inventory, higher prices, and mortgage rates remaining stubbornly high after pandemic-era lows. The transaction is subject to shareholder and regulatory approval. Consolidation could increase pressure on small independent brokerages and raise risks of reduced transparency and market power.
Read at www.npr.org
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