Compass is preparing to acquire Buffett's real estate company HomeServices - WSJ

Compass, one of the key players in the real estate brokerage sector, is in advanced talks to acquire HomeServices, a real estate brokerage company owned by Warren Buffett. According to a report by The Wall Street Journal based on sources close to the matter, this development stands out as the latest in the consolidation process within the real estate brokerage industry, which has been experiencing sluggish home sales.

If there are no last-minute setbacks in the negotiations, an agreement between Compass and HomeServices is expected to be finalized soon. However, details regarding the purchase price have not yet been disclosed. According to RealTrends data, Compass held the title of the largest brokerage firm in the U.S. by transaction volume in 2023, while HomeServices ranked fourth. This potential acquisition could further strengthen Compass's position in the U.S. real estate brokerage market.