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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

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Rocket to Purchase Redfin for $1.75B

Appraisal Buzz

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. This data will strengthen Rockets AI models enabling easier and more personalized and automated consumer experiences.

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Rocket is acquiring Redfin’s huge flow of purchase leads. Can the mortgage giant convert them?

Housing Wire

“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. Such a scenario would see Rocket, which currently lags behind arch-rival United Wholesale Mortgage , capture about 16% of the purchase market.

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The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. trillion and is projected to exceed $32 trillion in value by 2027.

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