According to these reports, Berkeshire Heathwee can soon sell his property to the non -immovable brokerage business, making speculation that Warren Buffett lost confidence in the struggling industry. The Wall Street Journal on Thursday cited people aware of the matter, saying that the compass is in a modern conversation to buy Burkeshire’s Home Services of America, and that a contract may be collected soon. After the WSJ report, Home Service CEO Gino Belphry sent a note to the employees, saying no such sales were under consideration. Nevertheless, news of a potential sale has sent a signal that perhaps the 94 -year -old Buffett, who is a final purchase and hold investor, has called for a real estate industry suffering from low sales, limited inventory and stubborn prices. “He will not sell until he sees the drain constant. He sold [news]”When he did not see any future without stability,” said Bill Stone, chief investment officer of the Glenn View Trust Company and chief investment officer of the late Berkshire. Digital platforms are hesitant to sell their 30 strange newspapers in the early 2020s for real estate services in the towel. As a result of this date, home services, which are now an umbrella business for 48 brand names and 37,700 real estate agents, have worked as a subsidiary under the Burkshire Heathy Energy (BHE). Slowness marks have become a small part of the gathering of home services buffet, which has earned $ 4.4 billion in 2024, while $ 26.3 billion for BHE and $ 371.4 billion for the overall Burkshire. Nevertheless, recent years have brought clear symptoms of slowdown in homes. The unit suffered a net loss of 3 113 million in 2024, which in 2023 changed Million 13 million profit and net income of $ 100 million in 2022. Burkeshire accuses the lack of profits in connection with the ongoing legalism of the real estate industry. In April 2024, Home Services agreed to pay $ 250 million for litigation nationwide, claiming that real estate brokerage was forced to pay artificially flourished brokerage commission while selling homes to US homeowners. In addition, Buffett noted in the annual report of the 2024 Burkshire that the real estate brokerage business “has been hurt due to the availability of houses for sale and high home prices.” The US accommodation business continues to soften as potential buyers face mortgage rates, prices and a limited number of new lists. The National Association of Realists began to detect matriculation in 2001.
Buffett’s Berkshire may sell its real estate business. What it means
