Compass–Anywhere $1.6B Merger Threatens Small Brokerages

Compass and Anywhere proposed a $1.6 billion merger that would unite the nation’s two largest residential-brokerage networks—combining Compass’s regional brokerages with Anywhere’s national brands (Century 21, Coldwell Banker) into a company worth about $10 billion. The proposed deal, announced in late September 2025 and subject to shareholder and regulatory approval, would create a combined 340,000-agent network and has prompted concerns that further consolidation will squeeze independent mom‑and‑pop brokerages and accelerate MLS consolidation. Regulators and market observers are watching for competitive, fee‑and‑transparency implications as the housing market softens.