Steve Capezza has been appointed to a key role at Anywhere, where his expertise will help drive the companyâs growth strategy through strategic mergers and acquisitions. CEO Ryan Schneider emphasized the ongoing potential for industry consolidation and the need for streamlining within real estate, particularly amid margin pressures. While there are opportunities for mergers and acquisitions, challenges remain in aligning the interests of buyers and sellers. Capezza's addition to the team is seen as a crucial move to maintain Anywhere's leading position in the real estate sector.
We're thrilled to add Steve to our deep roster of talent at Anywhere, as his unique skill set and long track record of success represents a perfect fit to take our growth to the next level, Yannaccone said in a statement.
That offers tremendous advantages for its network of agents and franchisees, and it's clear that others in the industry are looking to replicate its model through their own expansion efforts.
Frankly, this whole industry could use more streamlining with all the margin pressure, Schneider said.
We're still seeing more firms looking to sell across brokerage, title, mortgage and proptech, but there's still a pretty big gap between the bid and the ask.
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