(BRK.A), (BRK.B)
Berkshire Hathaway’s HomeServices of America keeps reaching new milestones in its growth, and today has announced that it is the US’s largest residential real estate company based on transaction sides, according to the REAL Trends 500 report.
In 2018, the company’s sales associates closed 346,629 residential transactions reflecting a 5.6% increase over 2017. The REAL Trends ranking is based on 2018 closed transaction sides for the country’s top-500 brokerages.
“2018 was a year of incredible growth and strategic expansion and we couldn’t be more proud that we have achieved this No. 1 industry ranking,” said Ron Peltier, executive chairman of HomeServices. “This milestone is a testament to the commitment and hard work of thousands of employees and tens of thousands of talented agents and sales managers across HomeServices who deliver an exceptional real estate experience to their buyers and sellers.”
“This is a turning point in our history and we congratulate our incredible employees and agents who work tirelessly to help their clients achieve the American dream of home ownership,” added Gino Blefari, CEO of HomeServices. “This achievement is a culmination of years of hard work and while we are celebrating this moment, we are not resting on our laurels. HomeServices is dedicated to continued growth both organically and through strategic acquisitions and we are committed to modernizing the home-transaction experience for buyers and sellers and the process by which our agents serve them.”
Headquartered in Minneapolis, HomeServices has nearly 44,000 real estate professionals operating in nearly 900 offices across 30 states and the District of Columbia. In 2018, the company’s sales associates facilitated nearly $136 billion in residential real estate sales, nearly 347,000 home-sale transactions, and nearly 323,000 mortgage, insurance, title, and escrow transactions.
© 2019 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.