Warren Buffett selling real estate company raises concerns

Warren Buffett is reportedly selling his real estate company, HomeServices of America, to Compass, the largest brokerage in the U.S. The deal is in advanced talks, with details not yet disclosed. This potential acquisition highlights ongoing challenges in the housing market, which has faced sluggish sales and high mortgage rates. The consolidation could reduce consumer choices in an already tight market. Compass has been actively acquiring smaller brokerages, including Christie's International Real Estate and Washington Fine Properties, as it expands its reach across the country.