Warren Buffett's Real Estate Brokerage, Compass Discuss Deal: Report

Warren Buffett's real-estate brokerage business, HomeServices of America, is considering a deal with Compass.

What Happened: According to The Wall Street Journal, Compass — the biggest U.S. brokerage by volume in 2023 — offered to buy HomeServices of America for an unknown price.

HomeServices of America is owned by Buffett’s Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK). It had about 820 brokerage offices and 270 franchisees in 2024.

It also owns Berkshire Hathaway HomeServices and Real Living.

See Also: Buffett Shares Biggest Investing Mistakes — $433M Deal That Cost Berkshire Billions And Trillion-Dollar Tech Stocks He Missed

Why It Matters: The home-buying sector is consolidating.

Earlier this week, Rocket Companies Inc. (NYSE:RKT) announced it will acquire Redfin Corp. (NASDAQ:RDFN) in a $1.75 billion deal.

Analysts anticipate the deal will increase competition between Zillow Group Inc. (NASDAQ:ZG) (NASDAQ:Z) and Rocket Companies, now bolstered by Redfin’s assets and capabilities. 

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