Investing.com -- Compass Inc (NYSE: COMP ), a significant player in the real estate brokerage sector, is reportedly in advanced negotiations to acquire HomeServices, the real estate brokerage business owned by Warren Buffett. This news, reported by The Wall Street Journal, who cited insiders familiar with the matter, is the latest development in a series of consolidations within the real estate brokerage industry, which is experiencing a period of tepid home sales.

The deal between Compass and HomeServices could be finalized soon, provided there are no last-minute hitches in negotiations. However, the details of the acquisition price remain undisclosed.

As per data from RealTrends, Compass held the title of the largest U.S. brokerage by volume in 2023. HomeServices, on the other hand, was ranked as the fourth largest. This potential acquisition by Compass could further solidify its position in the U.S. real estate brokerage market.

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