Berkshire Hathaway Real Estate: Warren Buffett’s Next Big Thing

Source: The Motley Fool

Berkshire Hathaway Real Estate may not ring a bell, but it turns out Warren Buffett is all for trying to help you buy or sell a home.
The long history
In the fall of 1999 Berkshire Hathaway acquired MidAmerican Energy. Although much has been said about the energy businesses which now make up Berkshire Hathaway, one of the little discussed pieces of MidAmerican is its HomeServices of America business.
Never heard of it? You likely soon will.
In the 2002 letter to Berkshire Hathaway shareholders Buffett noted:

A few years ago, and somewhat by accident, [MidAmerican] found itself in the residential real estate brokerage business. It is no accident, however, that we have dramatically expanded the operation. Moreover, we are likely to keep on expanding in the future. We call this business HomeServices of America …[which] is now the second largest residential brokerage business in the country. Read full story

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