Berkshire Hathaway may sell real estate business
cnbc.com —
Berkshire Hathaway may sell its real estate brokerage, HomeServices of America, amid reports of a potential deal with Compass. This suggests Warren Buffett may be losing confidence in the struggling real estate market. HomeServices has faced a downturn, reporting a net loss of $113 million in 2024, compared to a profit the previous year. The decline is attributed to ongoing litigation and challenges in the housing market, including high prices and low inventory. Buffett's past decisions indicate he typically sells when he loses faith in an industry. HomeServices, a small part of Berkshire, generated $4.4 billion in revenue in 2024, significantly less than other divisions.