Buffett: Makes deal to help Chinese buy US homes

http://finance.yahoo.com/news/buffetts-berkshire-chinese-property-portal-150406620.html

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Berkshire’s HomeServices of America Inc, the second-largest U.S. residential real estate brokerage, is the majority owner of Berkshire Hathaway HomeServices. It has expanded rapidly and now accounts for about 1 percent of its parent’s overall profit.

I did not know that… Accounting for 1% of BRK’s profit? That’s really impressive.

Now what’s wrong with Redfin? Why hasn’t it IPO’ed already?