One of the richest men in the world buys Intero Real Estate
I've been in real estate for awhile now. I work for Century 21 as you may know, but anyone who is in this business here in the Silicon Valley knows of Intero Real Estate Services. Century 21 is a larger company nationally, but Intero is a large in this valley and they are growing pretty fast across the country. But as big as Intero is, they still aren't as large in terms of sale volume as Century 21. In fact, Intero as a company has did $5.7B in sales volume in 2013, by comparison, just the Century 21 M&M And Associates franchise that I am affiliated with has done $5.2 billion. If you take Century 21 as whole, we do ALLOT more business.
Anyhow, billionaire investor Warren Buffet's holding company, Berkshire Hathaway's HomeServices of America subsidiary is in the final stages of the acquisition of Intero. Warren didn't get to be one of America's wealthiest men by being a dummy and he must know that the residential real estate sector has long term growth potential and therefore worthy of his investment dollars.
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