Sep 22, 2025 - Business

Compass agrees to buy Coldwell Banker owner

Dan Primack

A map of the U.S. showing the change in typical home values between June 2024 and June 2024. Home values rose in the Midwest and Northeast and declined in the South and west. The Austin metro area had the largest decline, -5.8%, and the Cleveland metro area had the largest increase, 4.3%. Overall, home values in the U.S. rose 0.2%. — Data: Zillow; Note: Typical home value refers to the average of the middle third of Zillow home value estimates for every home in a given region; Map: Erin Davis/Axios Visuals

The residential real estate market may be cold, but it's getting a very hot merger.

Driving the news: Compass today agreed to buy rival Anywhere Real Estate, whose brands include Century 21 and Coldwell Banker.

By the numbers: The combined company would be worth around $10 billion (including debt), with Compass shareholders to own 77% of the combined business.

Compass would be valued at around $1.6 billion, not including debt.

The bottom line: Investors in both companies have shrugged off sluggish home sales, sending shares higher in the anticipation of Fed rate cuts.

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Compass agrees to buy Coldwell Banker owner

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