Berkshire adds to housing exposure


Berkshire Hathaway's (BRK.A, BRK.B) HomeServices of America adds to its realtor stable, buying Prudential Fox & Roach with more than 4K brokers and 62 offices in Southeastern Pennsylvania, New Jersey, and Deleware.

Betting on a housing rebound, HomeServices has been busy on the acquisition trail the last two years, and is now the country's 2nd largest residential broker (Realogy Holdings is #1).

Included in the purchase is Trident Group - a mortgage and insurance broker.

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Comments (1)
  • Michael Bryant
    , contributor
    Comments (6939) | Send Message
     
    Load up on REITs, homebuilders, and SUPPLIERS.
    14 Aug 2013, 11:36 PM Reply Like
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