‘I Couldn’t Be More Pleased,’ Real-Estate Titan Says Of Future Of His Firm

The Northern Virginia real estate market, which for the past decade has experienced significant churn among the main players, took another turn Sept. 7, when Long & Foster Cos. announced it would be acquired by HomeServices of America, an affiliate of Berkshire Hathaway.

The ownership change will impact 11,000 Long & Foster agents spread across 230 offices throughout the local area and broader region, who in 2016 combined for more than 81,000 home sales.

The sale to HomeServices also includes Long & Foster’s affiliated Prosperity Mortgage and firms focused on settlement services and insurance.

Wes Foster Jr., who in 1968 cofounded the firm with Henry Long, said in a statement that HomeServices of America was “the right partner to maintain the legacy, culture and integrity” of his firm.

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