Compass will pay the equivalent of $13.01 for each share of Anywhere common stock, in an all-stock transaction set to close in the second half of 2026. Compass shares opened 0.63% higher on Tuesday, after closing 15.7% lower on Monday, according to Dow Jones Market Data. Anywhere stock was 1.5% higher, following Monday’s 45.5% climb.

The Compass-Anywhere merger would create the 26th largest mortgage originator through Rate partnerships, combining $9 billion in annual loan volume across their joint ventures.

Compass adds Anywhere Real Estate brands Coldwell Banker, Century 21, and Sotheby’s to its portfolio—it’s arming itself for a showdown with Zillow.

Compass to buy rival Anywhere Real Estate for $1.6 billion in all-stock deal, creating $10B real estate giant amid declining home sales

Supporters hail the merger as gutsy, while critics fear it will lock up listings, reduce transparency, and squeeze smaller brokerages