Berkshire Hathaway denies plans to sell Home Services of America
- A report claimed Berkshire Hathaway was in advanced talks to sell Home Services of America.
- The report was denied by Home Services, which stated there were no negotiations or agreements.
- Warren Buffett typically does not sell businesses unless they face significant problems, indicating this implies a serious strategy consideration.
In March 2025, amid significant declines on Wall Street, a report surfaced in The Wall Street Journal indicating that Berkshire Hathaway, the conglomerate led by Warren Buffett, was in advanced discussions to sell its subsidiary, Home Services of America. This company is recognized as the fourth-largest estate agency in the United States. However, the following day, Home Services of America refuted the claim, asserting that there were no discussions, negotiations, or agreements in place regarding a sale. Buffett's reputation for seldom parting with businesses was emphasized in his annual shareholder letter, where he stated he only sells when faced with 'unending problems’, a scenario which occurs infrequently in his extensive career of acquisitions and investments. The possible sale, had it been true, would have significant implications for both the real estate market and Berkshire Hathaway’s investment strategies, especially as investors closely monitor company performance during fluctuating market conditions.