In 2013, The Long & Foster Companies had plenty to celebrate. Not only did last
year bring a return of equity and opportunity to the housing market for homeowners
and would-be homeowners across the Mid-Atlantic and Northeast, but also it marked
the 45th anniversary of Long & Foster Real Estate.
When Wes Foster started his family-owned company in 1968, he aimed to provide superior
customer service while creating career opportunities for real estate professionals.
He founded the business on the values of integrity, honesty, innovation and good
old-fashioned customer service, and in doing so, he found success, along with a
team of extraordinary real estate agents and employees who have been integral to
the company’s growth.
Since our inception, Long & Foster has grown from a single 600-square-foot office
with a few real estate agents to more than 170 real estate offices and more than
11,500 agents and employees across seven states in the Mid-Atlantic and Northeast,
as well as Washington, D.C. Long & Foster Real Estate is part of The Long & Foster
Companies, which includes a full array of real estate services to simplify the home-buying
and selling process and help our clients realize their homeownership dreams.
Early in our operations, we heard from our clients that they wanted the convenience
of one-stop shopping for real estate and financial services. Wes, truly an innovator
in his field, took their recommendations and founded Long & Foster Insurance in
the early 1970s. The company’s suite of ancillary services expanded greatly over
the years, and it now includes Prosperity Home Mortgage, LLC, Long & Foster Settlement
Services and Long & Foster Insurance, as well as our Corporate Real Estate Services
and Property Management teams.
Our sales have also grown tremendously since our founding—from $3 million in 1968
to a combined company total of more than $51.7 billion in 2013. We could not have
achieved such tremendous growth were it not for the strength, commitment and dedication
of our Long & Foster family, and we’re truly grateful for the support of our many
employees and real estate agents, as well as their clients. Together, we’ve helped
Long & Foster become and remain the No. 1 independent real estate company in the
country, and we’re confident our success will continue in the years to come.
You can read more about Long & Foster’s growth and our accomplishments during 2013
in the e-book version of our Annual Report.
A Year of Growth
Total 2013 sales volume and equivalents for all The Long & Foster Companies
was $51.7 billion.
- Long & Foster Real Estate: $28.3 billion
- Prosperity Mortgage Company*: $4 billion
- Long & Foster Settlement Services: $11 billion
- Long & Foster Insurance: $8.4 billion
Long & Foster operates in Virginia, Maryland, North Carolina, West Virginia,
Delaware, Pennsylvania and New Jersey, as well as Washington, D.C., and has more
than 170 sales offices, 10,000 real estate agents and 1,500 employees.
*Includes FM Lending
Please visit our Newsroom for copies of our Annual Report from previous years.