Anywhere Real Estate Inc. (HOUS) has disclosed a new risk, in the Demand category.
Anywhere Real Estate Inc. faces significant business risk as it contends with a global reduction in employer spending on relocation services. The trend towards more frugal corporate relocation budgets, coupled with a competitive pricing market, has led to diminished revenue per relocation for the company. Furthermore, the increasing normalcy of remote work and the popularity of flat rate moving allowances threaten to reduce relocation volumes. The potential loss or reduction in business from major relocation clients or their largest real estate benefit program client could result in a material adverse effect on Anywhere Real Estate Inc.’s financial health.
The average HOUS stock price target is $6.75, implying 4.17% upside potential.
To learn more about Anywhere Real Estate Inc.’s risk factors, click here.
