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Berkshire Hathaway (BRK.B) remains bullish on housing, joining with Brookfield Asset Management...

  • Wednesday, October 31, 2012, 11:45 AM ET
    Berkshire Hathaway (BRK.B) remains bullish on housing, joining with Brookfield Asset Management (BAM) to create Berkshire Hathaway HomeServices. Brookfield's network operates under the better-known Prudential and Real Living Brands. "We have significant inventory shortage across the country," says the JV CEO Ron Peltier. "We see a housing market that will continue to improve." (PR)
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    I wonder what exactly this transaction means. Are these two real estate brokerage networks simply going to operate under the Berkshire Hathaway Home Services moniker and refer clients to each other's respective markets. Why is HomeServices network of 26 brokerage firms more equal than BAM's seemingly larger affiliate networks of Prudential Real Estate and Real Living Real Estate? As of October 2012, BRKB's HomeServices was comprised of ~26+ brokerage firms in ~23 states: Alabama, Arizona, California, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Missouri, Minnesota, Nebraska, North Carolina, North Dakota, Ohio, Oregon, Rhode Island, South Carolina, Washington, and Wisconsin.
    1 Nov 2012, 02:33 AM Reply Like
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