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HomeServices of America, Inc., a Berkshire Hathaway Affiliate, Announces Acquisition of Raleigh-Based York Simpson Underwood.

Publication: Business Wire
Publication Date: 16-DEC-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
HomeServices to Merge York Simpson Underwood With Prudential Carolinas Realty, More Than Doubling its Existing Market Share and Number of Sales Agents in North Carolina's Triangle Area

MINNEAPOLIS -- HomeServices of America, Inc., a Berkshire Hathaway affiliate, today announced the acquisition of Raleigh-based York Simpson Underwood, one of North Carolina's most respected residential real estate brokerage firms and the company's 20th acquisition.

One of the country's long-standing residential real estate firms, York Simpson Underwood has 250 agents throughout six offices in Raleigh, Cary, Chapel Hill and Pinehurst/Southern Pines, North Carolina. The company's volume of closings for 2007 was more than $717 million.

HomeServices will merge York Simpson Underwood with its existing residential real estate firm, Prudential Carolinas Realty. The new, Raleigh-based organization will be called Prudential York Simpson Underwood Realty.

The merger doubles HomeServices' market share, as well as the number of sales...

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