Compass and Anywhere Merger Creates Real Estate Giant, Sets Sights on Building Brokerage-Run Home Listings Websites

Compass has completed its $1.6 billion merger with Anywhere Real Estate, creating a real estate giant with 340,000 agents. The combined companies aim to build a network of brokerage-run home listings websites, giving agents more control over property listings and potentially changing the way consumers browse listings. The merger brings together the first and second largest brokerages by sales volume, with Anywhere's parent companies including Coldwell Banker, Corcoran, and Sotheby's.