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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 billion in equity. The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025.

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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And The annual investment volume in the U.S.

Equity 451
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Zillow is still in the red, but its major revenue streams are rising

Housing Wire

This agreement is really a great win-win, Zillow CEO Jeremy Wacksman said on the earnings call. Origination volume is up even more, as the company’s purchase loan volume doubled in 2024, while refinance originations rose 69%. The deal has a five-year term with two options to extend it by two years.

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Rocket launches bridge loans to make homebuying easier

Housing Wire

Rocket Mortgage , the home lending arm of Rocket Companies , announced Tuesday it will now offer bridge loans , a short-term financing option that helps homeowners tap into their equity while selling their current property. Some buyers can’t compete without first selling, missing opportunities to purchase a home.

Loans 208
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Thinking of joining a real estate team? Here’s everything you should know

Housing Wire

The Specialized Team Every team members role is based on their strengths agents specialize in either listings or sales, while support staff focuses on marketing or transactional details. These roles include: Buyers agents: These agents focus on helping clients purchase a new home.

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How midsize lenders are surviving the mortgage squeeze

Housing Wire

Stearns said the company’s disciplined cost structure has led to consistent profitability — without considering sales of mortgage servicing rights ( MSRs ) — which sets it apart from many independent mortgage banks ( IMBs ) that continue to operate in the red. Inside Mortgage Finance (IMF) reported that Kind Lending originated $7.5

Mortgages 284
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NFT mania and the future of the home sale

Housing Wire

Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 For example, purchasing an NFT of a JPEG of a painting transfers the intellectual property rights of the painting. But Ethereum was the first with a blockchain that enabled NFT sales. That’s when a 70-year-old brick home in the St.

Sales 493