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FACTS & FIGURES
HomeServices of America, Inc.
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HomeServices of America, Inc.’s mission is to deliver an unparalleled customer experience to
homebuyers and sellers through an integrated system that provides seamless delivery of core
services.
HomeServices is the nation’s second-largest, full-service residential brokerage firm and the
largest provider of integrated real estate services, including mortgage originations, title
and closing services, property and casualty insurance, home warranties, relocation services
and other home-related services.
HomeServices comprises 22 market-leading real estate brands conducting business in 20 states,
with nearly 300 broker offices and more than 15,000 sales associates.
During 2010, the company’s associates facilitated approximately $33 billion in residential
real estate sales and closed nearly $4 billion in home mortgages.
The residential real estate market in the U.S. continued to experience adjustment and
correction in 2010, with annual sales down nearly 31 percent from a peak of 7.1 million
existing home sales in 2005.
Several years ago, HomeServices began the process of right-sizing the company –
building a leaner, more efficient operation that will serve customers well into the future.
As a result, the company is better positioned and capitalized than most competitors. When
the market inevitably turns, HomeServices will be even stronger and more successful.
In many communities, leading agents are seeking out HomeServices. Potential acquisitions in
markets where additional value may be available are carefully evaluated.
HomeServices’ business model remains unique in the industry. Buyers and sellers of homes
clearly value the convenience of having a single provider handle all core components of a
real estate transaction, and the company continues to help agents realize the benefits of
delivering the full-service model to clients.
HomeServices has a stable, reputable mortgage lending business through a joint venture with
Wells Fargo and did not participate in the types of creative financing that caused major
problems in the mortgage industry. Since the company does not hold and service loans, it is
not financially exposed.
Earnings from mortgage originations continue to contribute to the bottom line and are
expected to provide significant opportunities in the future. The profitability and
sustainability of the business are strong, and the company has positioned itself to be much
stronger going forward. |
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