The market for mergers and acquisitions (M&A) in the real estate industry was very strong from mid-2013 to mid-2016 — and then it cooled off. “I think for 2017 across the country, we will have a good, but not great, year in M&A activity,” said Steve Murray, President of Real Trends Consulting, which specializes in valuation and mergers and acquisitions.
- Two big players, Realogy and Berkshire Hathaway HomeServices, are actively looking for acquisitions.
- Also in the mix with strong expansion plans are Pacific Union International and Howard Hanna.
- Active M&A players are mainly interested in big independent brokerages in cities such as Chicago, Florida, Seattle and elsewhere on the West Coast.