Warren Buffett has confidence in his real estate subsidiary HomeServices …
… he recently endorsed them with the coveted Berkshire Hathaway brand.
Berkshire Hathaway, the ninth largest public company in the world, is a company that Buffett is building to last forever.
That is the way Berkshire Hathaway thinks. Build businesses that last forever. He is building Berkshire Hathaway into a company that will last at least 100 years.
You see who is swimming naked when the tide goes out, says Buffett.
Well the tide went out … during the last four or five years of housing market adjustments, most companies played defense, but Home Services of America went on offense, expanding their brokerage network across America with significant business growth.
They not only expanded wider, by acquiring new market leading brokerages in additional cities, but they also expanded deeper.
In most of their brokerage operations they were able to significantly increase their percentage of market share.
It is an astounding success story. Watch as Warren expands on his perception of home ownership, his philosophies and his expectations for how his real estate brand will serve and endure.
Last month my company Prudential California Realty rebranded as Berkshire Hathaway HomeServices, California Properties. As Realtor with the new brand on my calling card, I’m proud to be associated with such a well respected figure as Warren Buffett.
** Berkshire Hathaway Inc. oversees and manages a number of subsidiary companies including GEICO, BNSF, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg Diamonds and NetJets, owns half of Heinz, an undisclosed percentage of Mars, Incorporated and has significant minority holdings in American Express, The Coca-Cola Company, Wells Fargo, and IBM.