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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.
By combining Mr. Cooper and Rocket, we will form the strongest mortgage company in the industry, offering an end-to-end homeownership experience backed by leading technology and grounded in customer care. Rocket projects $400 million in pre-tax cost savings from streamlining operations, corporate expense, and technology investments.
billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. “There’s still going to be deals out on the streets for these guys, but I do think they will continue to integrate their technology into, ‘Push button, Get home,” Hale said. Rocket Companies hopes to close a $1.75 billion deal for Redfin.
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