Minneapolis, MN
Enterprise Rank
Last updated: April 10, 2026
Share this profile:
Minneapolis, MN
5
Enterprise Rank
Last updated: April 10, 2026
Share this profile:
HomeServices of America is a Berkshire Hathaway Energy subsidiary that has built a national, multi-brand residential brokerage platform around an integrated homeownership services model.
Headquartered in the Minneapolis suburb of Eden Prairie, the enterprise combines locally managed brokerages with mortgage, title and escrow, as well as insurance and relocation services. In addition to operating dozens of brokerage brands, including Long & Foster Real Estate, HomeServices owns the Berkshire Hathaway HomeServices and Real Living Real Estate franchise networks. Longtime HSoA veteran Chris Kelly moved into the role of president and CEO in 2025 after the retirement of industry powerhouse Gino Blefari.
In 2025, HomeServices of America tallied $135.9 billion in sales on 212,810 transaction sides across the company's owned and operated brokerages, ending the year with just under 35,000 agents. Those results mark a continued correction from the pandemic, when the company topped $198 billion in sales during its peak, 2021. Volume held steady in 2025 even as closing and headcount wobbled.
Sales volume peaked at $198.7 billion in 2021, before declining to $165.7 billion the following year as mortgage rates rose back to reality and activity slowed. That downcycle continued in 2023, when volume dropped to $133.8 billion. Since then, HomeServices has reversed course, netting sales gains in 2024 and slipping by only 0.5% last year. On average, transaction values and the company’s share of sales across upscale markets are offsetting fewer closings and inventory constraints.
Transaction sides have fallen sharply since a high mark in 2021 when HomeServices reported 388,098 sides. Since then, sides have declined to 302,519 in 2022 and 235,861 in 2023 amid a nationwide sales slump. Activity leveled out marginally, with HomeServices reporting 224,485 sides in 2024, and then 212,810 in the following year, a 5.2% year-over year decline.
Agent headcount is contracting with transaction demand, declining from 45,929 agents by the end of 2021 to 41,265 in 2023. HomeServices ended 2024 with 37,745 agents and 2025 with 34,934, a 7.4% year-over-year decline. With sides falling faster than volume, productivity hovered at around six sides per agent in 2025, a rate suggesting its hanging on to top agents.
In the fallout to antitrust commission lawsuits, HomeServices of America was among the brokerages and entities that signed settlements in 2024, agreeing to scheduled payments totaling $250 million over four years. In fact, net earnings across its brokerage businesses improved in 2025 due in part because the previous year included litigation-related payments. Payments remain active through 2028 and other cases are pending in several federal courts.
HomeServices has recently unveiled new initiatives: an AI-powered digital platform intended to streamline the complexities of the real estate experience for both agents and consumers, and a brand update that emphasizes the interconnected services housed under the HomeServices name. While the company’s local brands will maintain their identities, the company’s new direction will play up the broader, national network behind those local names.
HomeServices of America is anchored inside Berkshire Hathaway Energy’s “non-energy” portfolio. It houses 46 brands and nearly 35,000 agents across approximately 770 brokerage offices in 35 states and Washington, D.C. Its principal revenue is tied to residential transaction volume. Influential leader Gino Blefari stepped down in 2025, with Chris Kelly taking over as president and CEO of the company he has been a part of since 2007.
HomeServices also runs a franchise network that includes more than 250 franchisees and nearly 1,400 offices, with an additional 39,700 third-party agents under the Berkshire Hathaway HomeServices and Real Living brands.