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. ( BRK/A ) . 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. ( RKT ) announced it will acquire Redfin Corp. ( RDFN ) in a $1.75 billion deal.
Analysts anticipate the deal will increase competition between Zillow Group Inc. ( ZG ) and Rocket Companies ( RKT ), now bolstered by Redfin’s assets and capabilities.
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