Howard Hanna Real Estate Services, the largest privately held real estate brokerage in the nation, is now in the Philadelphia market and is already looking ahead to expanding, writes Paul Schwedelson for the Philadelphia Business Journal.
The brokerage firm entered in Philadelphia by bringing on the team at Long & Foster Real Estate.
This one move grows Howard Hanna’s team of agents by 150 across Center City, Blue Bell, and Doylestown.
According to Howard Hanna’s president of financial services Duffy Hanna, the firm is also planning to opening a fourth office in the either on the Main Line.
Hanna added that the girl is to double its number of agents in and around Philadelphia within the next year, effectively becoming among the top brokerage firms in the region.
For years, the Philadelphia market has been dominated by the likes of Fox & Roach and Long & Foster, respectively. However, their sales to Berkshire Hathaway led to a dynamic change.
“We witnessed that change,” Hanna said, “and we said, OK, I would think that the Philly market is open and looking for more of the traditional, family owned and operated, independently owned company.”
Howard Hanna was founded in Pittsburgh in 1957, and operates across 16 U.S. states.
Read more about Howard Hanna’s plans to grow throughout the region in the Philadelphia Business Journal.
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