Chantilly, Va. May 19, 2009 –The Long & Foster® Companies announced today that it was ranked as the No. 1 privately-owned residential real estate brokerage firm in the United States in the REAL Trends 500 Survey of the 500 mega-brokers in the U.S for residential sales transactions in 2008. Long & Foster was also named by REAL Trends in their REAL Trends 25 research report which lists the 25 largest housing services firms in the United States selected from a survey of over 800 leading residential brokerage firms reporting at least one settlement service in addition to brokerage — Long & Foster had 48,890.
Long & Foster retained its top spot as the largest privately-owned real estate company in the United States on The REAL Trends 500, the survey of the largest residential real estate brokerage firms for closed transaction sides. REAL Trends is a leading publisher of trends and analysis on the residential brokerage industry. In 2008, Long & Foster recorded $48.9 billion in closed sales volume and 72,302 closed transaction sides.*
The top five privately-owned brokers on the REAL Trends Broker List, all based on closed transactions sides and settlement services are: Long & Foster, Fairfax, VA.; Hanna Holdings, Inc.; Pittsburgh, PA; Prudential Fox & Roach Realtors, Devon, PA.; Crye-Leike Realtors, Memphis, TN; and Allen Tate Company, Charlotte, NC. Of all types of real estate companies nationwide — conglomerates, franchisers, and privately-owned — Long & Foster ranked third nationwide.
*Transaction Sides: Every real estate transaction involves both a “buy” side and a “sell” side. Brokerage companies like Long & Foster may receive commissions from their representation of either one-or both-sides of a transaction.
The Creig Northrop Team is proud to be affiliated with such an outstanding real estate company.