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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.
Rocket Companies has announced that it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction for a value $1.75 Founded in 2004, Redfin operates a home search platform with more than one million for-sale and rental listings and a tech-powered brokerage of more than 2,200 agents.
trillion across nearly 10 million clients, or one in every six mortgages in America. We look forward to welcoming Mr. Coopers nearly seven million clients. Following the acquisition of Mr. Cooper, Rocket will gain understanding of nearly seven million additional clients and 150 million annual customer interactions.
Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. 31, 2027, then Douglas Elliman will not be responsible for either of the Contingent Payments.” According to the filing and an accompanying press release, the settlement covers Douglas Elliman and all of its subsidiaries.
billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. When these clients are then connected with the best agents and the best loan officers, it creates a virtuous cycle. Rocket Companies hopes to close a $1.75 billion deal for Redfin. Essentially, it’s the holy grail of mortgage and real estate tech.
Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. The average tenure for homeownership is now at a historic high of 10.7 According to John Burns research, that translates into roughly 1.3M
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