Where Real Estate Gets Its Dirt

Warren Buffet wants out of real estate

Compass negotiating to buy Berkshire Hathaway HomeServices

“News of the negotiations between the companies was notable because it would represent a shift in strategy from Warren Buffett’s Berkshire Hathaway conglomeration. HomeServices is a subsidiary of Berkshire Hathaway Energy, a company silo that otherwise exclusively includes energy production and transmission companies. Berkshire Hathaway, Inc. also holds other ancillary real estate services and the insurance company GEICO.”

I could make the case of Stone Point Capital buying Keller Williams and Rocket buying Redfin as an optimistic view for the industry. Meaning, “big money” thinks real estate is going to pretty much operate as it has in the past. Which is good for organized real estate

I don’t know why, but this news hits different.

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