11 Best NYSE Penny Stocks to Buy Right Now

7. Anywhere Real Estate Inc. (NYSE:HOUS)

Price as of October 31: $3.76

Number of Hedge Fund Holders: 27

Anywhere Real Estate Inc. (NYSE:HOUS) is a company that provides residential real estate services. It offers relocation services and real estate brokerage while providing full-service title, escrow, and settlement services to consumers, real estate companies, corporations, and financial institutions. While the stock is down by more than 50% for the year, it remains well-positioned to be positively impacted by lower interest rates.

Anywhere Real Estate Inc. (NYSE:HOUS) should benefit from the improved optimism surrounding mortgage rates as the Federal Reserve lowers interest rates.  The fact that the company is still free cash flow positive amid the housing market’s continued volatility underscores its potential to generate long-term value on improved conditions in the real estate sector. The business will produce significant FCF in a more normalized setting, affirming why it is one of the best NYSE penny stocks to buy right now,

Anywhere Real Estate Inc. (NYSE:HOUS) delivered solid second-quarter results, with revenues flat year over year at $1.7 billion as operating EBITDA increased $13 million year over year to $139 million. Its free cash flow in the quarter stood at $83 million, excluding a $20 million litigation settlement. The fact that transaction volume grew 3% year over year affirms resilience amid a challenging market environment.