Industry News

HomeServices moves into Carolinas

Mega-broker buys Prudential Carolinas Realty

The second largest real estate company in the country is getting bigger. Mega-brokerage HomeServices of America, Inc. expands operations into two more states with its acquisition of Prudential Carolinas Realty, announced today. An affiliate of Warren Buffet's Berkshire Hathaway, HomeServices will have operations in 18 states. Prudential Carolinas has 16 offices and 750 sales associates and posted $2.3 billion in sales volume in 2003.   Prudential Carolinas has had a focus on the Greensboro, Winston-Salem, Kernersville, High Point, Raleigh, Durham, Chapel Hill, Cary, Charlotte, Lake Norman areas of North Carolina and the Rock Hill and Lake Wylie markets of South Carolina, according to a HomeServices announcement. Along with Prudential Carolinas, HomeServices also acquires Professional Home Mortgage Lenders and Preferred Carolinas title Agency.   Ron Peltier, HomeServices president and CEO, said, "We are excited to expand our footprint to the Carolinas. I believe North Carolina...