article thumbnail

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 Under the agreement, each Redfin share will convert to 0.7926 Rocket Class A shares, a 63% premium over Redfins 30-day Volume-Weighted Average Price (VWAp) as of March 7, 2025.

article thumbnail

Coldwell Banker taps Payload for automated earnest money deposits

Housing Wire

Technology provider Payload is integrating with the brokerage firm, according to a recent announcement. Kevin Morey, Anywhere’s vice president of agent services, also reinforced the company’s commitment to growing its services via new technology.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MLSs turn to AI to catch commission lawsuit settlement violations

Housing Wire

MLSs are using AI technology to catch agents who attempt to circumvent the commission lawsuit settlement terms. It also requires MLS members to disclose agreements with prospective buyers that outline commission expectations before showing them a home for sale. But now it’s a dirty word.

MLS 409
article thumbnail

Rocket’s origination volume jumps 28% in Q3

Housing Wire

Detroit-based Rocket Companies , the parent of Rocket Mortgage , saw its strategy of investing in technology and expanding its servicing portfolio start to pay off in the third quarter of 2024. Gain-on-sale margins for Q3 2024 were 278 basis points, a decrease from 299 bps in the previous quarter but nearly unchanged from 276 bps in Q3 2023.

article thumbnail

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.

article thumbnail

Flyhomes acquires Home Sale Assured

Housing Wire

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships. The terms of the deal were not disclosed.

article thumbnail

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 485