Anywhere Real Estate sees Q2 transaction volume down 25% vs. last year

Still expects quarterly transaction volume comparisons to 2022 to improve throughout 2023, but expects full year 2023 transaction volumes to decline about 15-20% year-over-year. Driven by these projected volume declines, the company continues to expect full year 2023 Operating EBITDA to be below 2022. However, the company still expects Free Cash Flow from operations to be modestly positive. Continues to expect to realize cost savings of approximately $200 million in 2023, inclusive of the cost savings realized in 1Q23.